Can anyone think if any good reasons that Elon Musk would want to drive the Tesla stock price down? It's surprising that he's done some seemingly "crazy" things recently, but he's a wise character. Musk always plays a long term game.

submitted by Tom_Bombadil from self.business

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[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

If Tesla wanted to do a stock buyback or had investors lined up to take the company private (at a lower price) I guess it would make sense. But I don't think he's doing this... on Rogan he was selling as big as ever, "It's not a car, it's happiness" and all of that shit. If he was constantly talking about production delays then I'd give more merit to this theory.

[–]Tom_Bombadil[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

Everyone knows he has production delays.
If he was deliberately acting crazy and knocking Tesla he'd permanently ruin his reputation.
SpaceX would be screwed, too.
I'm suspicious about his motives...

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

If he was deliberately acting crazy and knocking Tesla he'd permanently ruin his reputation.

So you think he's knocking on the downlow, that's interesting.

I'm suspicious about his motives...

Same, lots of weird stuff going on. It's probably all ambien related.

How about this, the JRE weed smoking podcast was cover for the Chief Accounting Officer resigning a month into the job over SEC concerns. The podcast was PR with foreknowledge.

[–]magnora7 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

This makes the most sense to me. Then with the timing the media can only spin it as "They're quitting because of the JRE interview" and the whole thailand twitter ordeal is folded nicely in to the past. Which Joe also never mentioned or brought up in the whole 2.5 hours...

[–]Tom_Bombadil[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

A). Knocking on the up and up would be unwise.
B) Ambien is generally wacky night time antics.
C). Maybe not a cover. CAO could be overstressed, or have been packed by a recruiter. Possible convenient timing. There are numerous reasonable factors that could cause someone to quit.

[–]Tom_Bombadil[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Another theory is he's trying to subtly discourage short time speculators, so they sell their stock, or don't purchase it at all. Short term investors are unstable and can wreak havoc on long term goals.