I have to admit that in the earliest days of Tesla I was a doubter of both the founder, Elon Musk, and the company’s stock. But his candor about the frothiness of the stock price has been refreshing. This doesn’t mean he’s not the ultimate confidence man…seeming to be so open and honest about his company, when really just playing the game. A friend of mine calls this the theory of reversology.
But for today, I still like the fact that Elon Musk put his company and its stock price in perspective. It took a relatively small hit, about 3%. What a small price to pay for confidence.