The Trader 

The trouble with Tesla

Michael Taylor

The trouble with Tesla

Tesla (US:TSLA) is a company lots of investors love to hate, along with its controversial founder, Elon Musk. Perhaps the biggest controversy was the famous “funding secured” tweet, which moved the market in 2018. Everyone expected Elon Musk to take advantage of market froth and place equity into the price appreciation he had created with his tweet. And then everyone said he was a fool because he didn’t – everyone apart from the Securities and Exchange Commission (SEC), which slapped him with a massive fine. But Elon Musk is currently the world’s seventh richest person, boosted past Warren Buffett on the Bloomberg Billionaires Index. 

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