by Daily Bell Staff
The Daily Bell
I can’t think of any governance red flags during the Steve Jobs era at Apple (the one exception being the stock-option backdating issue, which was settled). By contrast, there have been many at Tesla. Perhaps the Tesla bulls would say that the combination of Musk’s brilliance as well as the potential size of the electrical car market more than compensates for a few red flags. My guess is that Steve Jobs would have been envious at the many benefits of the doubt, as well as the acceptance of continual losses, which investors continue to bestow upon Tesla’s management and its stock price. – Real Money
It is true, that Elon Musk is considered by many to be a true visionary, but in our view, few visionaries turn their dreams into reality with $4.9 billion in government support.
That’s according to the LA Times last summer.
SolarCity, SpaceX and Tesla all received massive funding injections.
Musk wasn’t appreciative of the estimates, calling the report “incredibly misleading and deceptive to the reader.”