Find Out Elon’s Latest Controversial Statement About Tesla Stocks!

Tesla CEO Elon Musk discussed the possibility of the company conducting share buybacks on the recent earnings call. Musk said that Tesla could potentially allocate between $5bn and $10bn to buybacks, subject to board approval. Musk also noted that the buybacks would make sense as Tesla was bringing in $3bn in cash flow each quarter. Musk also said that he thinks Tesla can have a market cap larger than Apple and Saudi Aramco combined, potentially reaching $15bn. However, some analysts noted that Musk sounded tired and exasperated during the call.

Sam in Traffic

How’s it going everyone it’s Sam just sitting here in traffic, have the car on autopilot uh but I was listening to Tesla earnings and there are a couple important things.

Share BuyBacks

First of all, Johan was talking about share BuyBacks. Sounds like that is going to go through assuming Board approval. Now he threw five to ten billion dollars out there, that’s still a pretty small relative size to the market cap, maybe one to two percent of their overall shares. But they are bringing three billion dollars in cash flow a quarter right now, so it does make sense in their mind to throw a little bit money at share BuyBacks. Now, maybe that changes, maybe Tesla shoots up over the next couple months and then maybe they decide not to go with a buyback, but at this point it sounds like it’s on the table.

Market Cap

Number two, he talks about how their market cap is, you know, it’s large, but he thinks they can get well above Apple’s and Saudi Aramco’s. Now, if you haven’t heard them, I’ll be honest, I didn’t know how big they were. They’re seven plus trillion dollars. So he said he thinks they can be bigger than them combined. So, they’re talking about 10 trillion dollars. Then he went on to say that he thinks it could be worth double Saudi Aramco, so 15 billion dollars. He thinks that’s a possibility. That is essentially a 20 to 30 times from here, huge market cap.

Elon’s Fatigue

Third of all, it’s something that’s not so positive. I’m not sure exactly how to read into this, but Elon sounded really tired or just maybe exasperated on this call. Maybe it’s because the stock went down and he thinks that they’re still executing really well and compared to every other company, they are right. They’re blowing out revenue. They’re up at 56 percent year over year. They’re still industry-leading margins. Maybe he’s just sick of everyone that is giving him a hard time when they are still crushing it and the stock’s still down. Maybe it’s that he really is tired. Maybe he got a bad night’s sleep. Maybe he has a cold. You know, we don’t know, but I just wanted to say that because it was something I thought was pretty apparent. He sounded pretty tired on the call.

In conclusion, let me know your thoughts about this underneath the video and I’ll see you in the next one. Bye.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Why I'm Going All In on Crypto at the Moment!

In a brief news round-up, a video by Sam covers cryptocurrency news for the day. The cryptocurrency market has fallen by around 3% in the last day, and although the fear and greed index is very fearful,...

"Can XRP Experience a Whopping 1271% Surge After Recent Dip?"

The video discusses the correlation between XRP and Dogecoin, which has been observed for some time. The content analyzes the correction percentage of Dogecoin and compares it to XRP’s current price,...

Get Ready to Discover the Top 10 Altcoins Poised to Rule the Crypto World in the Post-Bear Market Era!

A video on Creative Busy discusses the current bear market in crypto and its effects on global economics. The Federal Reserve raising interest rates by 0.75% and deflation concerns have impacted the cryptocurrency...

Discover the Top Cryptos and Stocks to Buy Now – My New Investment Strategy!

The cryptocurrency community has experienced a difficult week, leading some investors to turn to Bitcoin maximalism. The situation has prompted a rethink of investing strategies, with a focus on diversification...

How to Turn $1 into $1,000,000 with Crypto: The Ultimate Guide to Becoming a Crypto Millionaire

The article discusses a plan to reach millionaire status in the crypto market. The author outlines their DCA (dollar cost averaging) strategy and provides examples of how to use it. They emphasize the...

Grab Attention with Exciting Announcement: BitBoy Crypto Launches Cardano Staking Pool - The Ultimate FUD-Proof Solution!

Cardano’s progress towards its public smart contract mainnet has attracted the attention of investors despite a 16% fall in value over the past week. Motley Fool recently named ADA as the top eco-friendly...

"Decoding the Impact of Inverted Yield Curve on Your Crypto Investments"

The cryptocurrency market is experiencing a pullback, and one of the biggest stories is Genesis, one of the largest lending desks in the space, withdrawing loan origination for debtors, which could lead...

Discover How To Thrive During A Crypto Crash With One Strong Performing Crypto Currency!

Cryptocurrency investor Sam discusses various scenarios for Bitcoin, including a potential crash, a sharp rise, and slow growth, and how he would react to each. He suggests having conviction in investments...

Discover the Top Blockchain Data & A.I. Projects That Could Change the Future of Crypto

Blockchain technology and artificial intelligence are changing the game in various industries, including finance, supply chain, healthcare, and transportation. Fetch.ai is one of the leading players in...

"Unleashing the Predicted Value of 100 ApeCoins by 2025"

In a video discussing the potential future value of APECoin, the presenter predicts it could be worth $50 in the next bull run and potentially $105 in the future, citing the growth potential of the metaverse...
Load More

Comments

Comments

Coming Soon

Subscribe and be the first to know about the launch

Look at our roadmap

AND FOLLOW
Share
Twitter
Telegram
Facebook
LinkedIn
Reddit
Email

Thanks for subscribing

You will only receive important notifications
For now, follow to our social networks