Jim Cramer on Telsa IPO In 2010 At $17 Per Share: "It's Not A Smart Investment" - Today Is Worth $923 Per Share

Eric

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Like Bear Stearns, they blew that call.

tesla180.com

Jim Cramer on Telsa IPO In 2010 At $17 Per Share: "It's Not A Smart Investment" - Today Is Worth $923 Per Share

Financial analysts have long questioned Tesla and its business model. During this CNBC interview, courtesy of Steve Burns on Twitter, they questioned both the existing debt and future plans, asking why anyone should invest in their company. Elon...
tesla180.com tesla180.com

Here's the interview from 2010, Musk's response was great.
https://www.twitter.com/i/web/status/1490053682687365123/
 
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Eric said:
Like Bear Stearns, they blew that call.

tesla180.com

Jim Cramer on Telsa IPO In 2010 At $17 Per Share: "It's Not A Smart Investment" - Today Is Worth $923 Per Share

Financial analysts have long questioned Tesla and its business model. During this CNBC interview, courtesy of Steve Burns on Twitter, they questioned both the existing debt and future plans, asking why anyone should invest in their company. Elon...
tesla180.com tesla180.com

Here's the interview from 2010, Musk's response was great.
https://www.twitter.com/i/web/status/1490053682687365123/
Click to expand...
Neither a Cramer, nor a Musk fan, but this is pretty hilarious. Cramer was obviously painfully wrong in retrospect, but considering the risk, TSLA stock definitely wasn't a smart investment. When you're betting on a large scale, you're definitely bound to be wrong about stuff, but if I think about it, recommending stocks with risks similar to TSLA's would be an overall worse thing than missing out on a single big win.

It's also a good reminder how much more likable Musk was back then.
 
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thekev

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I actually don't think it matters whether he or anyone is "right" on a binary decision that far back. His reasoning matters more than his recommendation. If there's clear reasoning behind each of these decisions, you can actually talk about whether things changed or factors turned out not to be highly correlated with the outcome. Without that, it's a sound bite.
 
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