0-60 in 1.9 seconds THEY SAY
Posted on 08/28/2018 3:54:02 PM PDT by bananaman22
While Tesla, Inc., will be staying on the stock market instead of securing private financing, a much larger question has come up: Will the electric carmaker’s future depend entirely on CEO Elon Musk?
An in-depth interview this month with the New York Times, along with sudden moves by Musk like leaking the potential private equity deal August 7 on Twitter, has caused great concerns among Tesla board members. Some of the board would like to explore options such as searching for a No. 2 executive to even out some of Musk’s power — and to take some of the pressure off him.
Musk’s use of the Ambien sedative and recreational drugs has broadened their concerns.
Musk had used the Times interview to stir up interest in a possible private takeover of the company — and to color the subject matter with his sense of humor. He was thinking of offering about a 20 percent price premium over where the stock had been trading, up to about $419 per share. Musk rounded it up to $420, playing off the “420” code known by veteran marijuana users.
(Excerpt) Read more at oilprice.com ...
0-60 in 1.9 seconds THEY SAY
We are talking about a portion of 1% of vehicle sales. A niche cult that will run into a wall and die like so many auto companies. DeLorean, Tucker, Edsel etc.
Without tax payers money is a better question.
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