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4 Tesla Bulls Gather Around to Talk Tesla and Elon Musk
We recently just wrote about Tesla having a suppressed share price. Today, 4 Tesla bulls got together to talk about Tesla and Elon Musk and everything happening. Here's what they had to say.
Farzad Mesbahi, Alexandra Merz, Ross Gerber, and Gary Black all gathered around a Zoom call to talk about Tesla and Elon Musk. The first thing that was evident is they were all trying to figure out why Elon Musk is selling shares of Tesla stock at such low prices.
As we recently wrote, Tesla shares are the lowest they have been in 2 years, yet Tesla revenue and earnings are up 150% and 10x respectively. It doesn't make any sense. One of the theories that they came up with is that Twitter is losing a lot more money from lost advertisers than is being realized, possibly a couple hundred million a month, and in order to make that up and have a chance at staying afloat, Elon Musk is selling Tesla shares to make the difference.
Regardless of this fact, a common theme is that Twitter is a distraction from Tesla the company and Tesla needs its CEO at the helm to help direct and guide things. With Twitter causing such a distraction, is Tesla going to go in a wrong direction now?
What Should Happen?
There is an agreement that Twitter is in a bad state right now and Elon Musk is trying to right the ship. In order for Twitter to be useful, Elon Musk has said that it must be useful for people to use and if it is, then good things will happen financially as well.
Elon Musk buying the company isn't enough to keep advertisers. Ross Gerber pointed out that advertisers need to have relationships with the people involved with a company and Elon Musk hasn't built those relationships and there are competitor companies to Tesla that have pulled advertising.
Tesla is definitely facing a Twitter overhang here because Elon Musk's time is being occupied AND he is selling Tesla shares. In order for confidence to return to Tesla, Elon Musk is going to have to appoint a CEO to Twitter and free up that time to be with Tesla.
The board of Tesla and the executives at Tesla don't really oppose Elon Musk. He doesn't seem to be challenged very often. These 4 Tesla bulls had plenty to say to challenge Elon Musk. These 4 also agreed that a bull/bear market would have less of an affect on people's opinions and feelings.
Perception is everything and reality is a broad view of people's perceptions. Some would say these are bargain prices right now for Tesla. Some would say that this is just the beginning of the drop. It all comes down to perception.
What did you think about this discussion between these 4 Tesla bulls?
For more information, see this video from Farzad Mesbahi:
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.
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