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Tesla Daily: Tesla News & Analysis

Elon Musk Says Tesla Stock Price is Too High (05.01.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 1 May 2020

⏱️ 4 minutes

🧾️ Download transcript

Summary

➤ Tesla CEO Elon Musk tweets that Tesla stock price is too high, in his opinion and TSLA stock falls afterwords
➤ Analyzing the importance and impact of this tweet, including if this may cause problems with the SEC related to Elon Musk's previous settlement agreement (http://prod-upp-image-read.ft.com/1199ee1e-686d-11e9-9adc-98bf1d35a056)

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast

Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Fela Winkelmolen
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody Rob Maurer here.

0:07.0

Rob Maurer here.

0:09.0

Thought I would do a quick episode here because Elon Musk just tweeted,

0:12.0

quote, Tesla's stock price is too high, IMO, end quote.

0:16.3

IMO, if you're not familiar, means in my opinion.

0:18.7

And after Elon tweeted this, at least as I'm recording,

0:20.8

the stock fell by about 5%,

0:22.4

we'll have to see how it finishes the day.

0:24.3

I'm doing this about 15 minutes after he tweeted.

0:27.1

Elon followed this tweet up with a series of tweets first beginning with quote,

0:30.7

now give people back their freedom end quote and then

0:33.4

tweeting out the Star Spangled Banner National Anthem in a series of tweets after that.

0:38.7

So all right what do we make of this first of all this is not anything new for Elon I'm disappointed

0:44.0

that he is tweeting this during market hours because that may have

0:46.6

implications with the SEC agreement I'll link to that agreement in the show notes if you

0:51.1

want to fully review it but here you can see that

0:54.0

there are a lot of different requirements that Elon should have

0:56.7

pre-written approval from the board for including the company's financial

1:00.9

condition statements earnings or guidance, deliveries,

1:04.6

projections, forecasts, estimates of numbers, or quote, such other topics as the company or

1:10.0

the majority of the independent members of its board of directors may request,

1:13.6

if it or they believe pre-approval of communications regarding such additional topics

...

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