Investors may see Tesla as a 'house of cards' after watching Elon Musk sow chaos at Twitter: CNBC analysthttps://t.co/RBBSU6cUdv
— Raw Story (@RawStory) November 23, 2022
"Tesla's market cap a few days ago was $564 billion, General Motors is $56 billion," he said. "General Motors sold... 22.2 million cars last year, Tesla sold around 900,000. So a lot of Tesla's value is based on hype, it's based on, sort of, promise and potential. But it's based on this belief that Elon Musk can't fail."Sounds like a bubble waiting to burst to me.
"What you have to worry about is if investors say, 'You know what -- is Tesla a little bit of a house of cards?'" he said. "Should Space X be valued as highly as it is?"
Tusk was then asked if he believed Musk was likely to fail at turning Twitter around, and he replied that he did.
"I've yet to see a new idea come out of him or his team that's particularly interesting," he said of Musk's attempts to remake Twitter's business model.And Twitter is the pin.
Elmo: “I need to stand over your shoulder at all times. And by the way, fuck all y’all! You’re costing me money!”hours after telling employees that they need to email updates of what they are doing every week, Elon Musk has cut basically all of their company perks, including wellness, productivity, home internet, training, and daycare allowances https://t.co/cX0bTxDuSu
— Alex Heath (@alexeheath) November 22, 2022
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