Is Elon Musk a tosser?
It would seem so from his latest Twitter poll.
He asked his millions of Twitter followers if he should sell some of his Tesla stock to pay his tax bill.
3.5 million of them said he should.
The thing is that based on his net profit each share is worth $3.06, not the $1,200 (depending on the day) they sell for.
For him, that's a great ROI, for the buyer it can only go down from here, and it will.
Read more here.
Yahoo Finance - Business finance, stock market, quotes, news wrote:
"Tesla remains in pole position to drive this EV (electric vehicle) adoption curve to the next level both domestically and globally with Musk & Co. leading the way," Ives wrote in a note to clients.
This is the sort of statement you'll get from people within the USA who don't know what's going on the rest of the world.
China and India have mulriple companies already selling EVs into their markets and gearing up to export at price points that will relegate Tesla to the luxury market only.
That doesn't include the rest of Europe where there are also many of the brands also releasing Evs at similar price points to Tesla on the top end and the Cinese and Indian product on the bottom end.
In addition, I believe that the future of transport and energy is Hydrogen, not solely EVs, solar or wind. They'll be in the mix but they will not be able to dominate, except perhaps in urban areas, mainly due to range anxiety and recharge times.
There are some fascinating developments in the pipeline that support my belief.
What do you think?
Leave a comment and let me know.