Elon Musk Setting Tesla on Fire?
Posted: Thu Nov 21, 2013 9:29 am
In the past months, two Tesla caught on fire. Elon Musk vehemently defended the safety of the Tesla model, but nonetheless stock prices rapidly dropped from their high off $190+ to its current price of ~$120. But something doesn't smell right with Musk. Could it be that he's using his genius for evil again? Could it be that he set those two cars on fire and threatened to engage in lengthy legal battles in order to cause the stock price to drop on purpose? He invested a lot of his own capital into the company. He needed investor money but still wanted to remain in control. When he saw that stock prices have gone up to its manipulated high, he needed a way to bring the prices down so he can buy them back without causing damage to future revenue stream. He continued to defend the safety of Tesla in order to not hurt consumer confidence. But he's stonewalling and the threat of legal action is hurting investor confidence. He'll continue to stonewall until prices drop low enough. Then he'll buy the stock in attempt to "show his confidence" in the car. But all it means is that he has manipulated investors to sell back stocks at a price he likes.