Elon Musk quiets doubters with Tesla stock rise – New York Post

Elon Musk quiets doubters with Tesla stock rise – New York Post

Elon Musk
While those who work on Wall Street get their report cards every day the market is open, it’s a fool’s game to pay too much attention to the short term.
And it’s even more foolhardy to bet against pure genius.Many Wall Streeters and media types did both by writing off Elon Musk and Tesla 18 months ago, after his ill-conceived tweet that said, “Am considering taking Tesla private at $420. Funding secured.”While the tweet ran afoul of the SEC and was decidedly a faux pas by the effervescently eccentric Musk, it had zero bearing on his brilliance, or his ability to keep the motor running at Tesla — and deliver, time and time again.The pseudo-intellectual short-fund crowd, who are convinced they are smarter than everybody else, bet against Musk.But they should check their shorts at the door. Tesla stock is up 98 percent in just the past three months, and he’s dancing all the way to the bank.Let’s look at the facts: Musk created X.com, which eventually went on to become PayPal.Plus, he’s a real-life “rocket scientist” via his SpaceX company, which sends rockets into space to drop off satellites, then brings the reusable boosters back to Earth.He also built ....


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