Don't be afraid to invest in a Tesla. Are the radical statements of the richest man on the planet a mere ambush for…
Almost the whole world is struggling with economic problems. Investors are still reluctant to make decisions. Yet Musk is urging everyone to invest in his company without second thoughts. Is the richest man on the planet confident, or is this a trap for investors?
Everyone knows Tesla $TSLA. A company that almost went out of business shortly after it was founded. But it's also a company that in recent years has worked its way up to one of the biggest and most important companies on the planet. That's thanks in no small part to CEO Elon Musk, who is now enticing investors to invest. Which can only mean one thing in a situation where almost everything in the market is falling - either the richest man on the planet really believes in himself, or he is aware of the problem and is enticing gullible investors to give him their money.
Tesla has the financial wherewithal from the last few successful years to match some of the established conventional car…
Elon Musk is part entrepreneur, part magician.
The CEO of both Tesla (TSLA) and SpaceX has built companies in two tough industries where most startups wither and die. Tesla has created a new paradigm for electric cars, while SpaceX has proven that private firms can handle space missions once tackled only by deep-pocketed governments.
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The company’s focus on growth and expansion into new areas came amid rising borrowing costs, a global economic slowdown and a drop in digital advertising, the source of most of its revenue.
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