Today though it's off $9.45 at $318.27.
- Tesla CEO Elon Musk said the company's stock price "is higher than we have the right to deserve."
- On Saturday Musk told Nevada Governor Brian Sandoval that shares of Tesla reflect a "lot of optimism."
Tesla's stock is up more than 50 percent this year and apparently even its outspoken CEO Elon Musk thinks that is too far.From our introduction to July 3's "Tesla Q2 Sales Miss Expectations, "Severe" Battery Production Shortfall Blamed (TSLA)":
"I've gone on the record several times that the stock price is higher than we have the right to deserve and that's for sure true based on where we are today," Musk told Nevada Governor Brian Sandoval at the National Governors Association summer meeting on Saturday....MORE
Except for the execution risk, and the financial risk, and the macro risk, and the supply chain risk, I see no risk at all.
The stock closed down $8.99 (2.49%) at $352.62....