So much for concerns about Wall Street overvaluing Tesla. Investors — and many Tesla analysts for that matter — are willing to give CEO Elon Musk a pass for his occasionally unconventional social media practices now that the company is generating profits.
New York Tesla CEO Elon Musk tweeted on May 1 that he thought Tesla's stock price was 'too high." Shares were trading at about $760 at the time and tanked 10% following the tweet.
Now the stock trades at around $800.So much for concerns about Wall Street overvaluing Tesla . Investors — and many Tesla analysts for that matter — are willing to give Musk a pass for his occasionally unconventional social media practices now that the company is generating profits. These are the stocks Covid-19 is impacting the most In spite of Musk's penchant for controversy, the stock is up more than 90% this year and has shot up 245% over the past 12 months.
'F*** Elon Musk,' lawmaker responds to Tesla CEO's threat 03:02Investors may also be ignoring the possibility that Musk may finally go too far with his eccentric behavior. Picking a fight with California about reopening the Tesla plant in Fremont could come back to haunt the company — as could the fact that he may be putting the health of Tesla workers at risk.
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