When I last wrote about Tesla, I ended this way:
It’s clear to me that Elon Musk is not focused. He’s erratic and impulsive. Those are not the traits you need in a Chairman and CEO, when you have a cash crunch staring you in the face just as competition in your space is heating up.
If he stays on in this dual role, I believe Tesla will fail and the stock will go to zero. The board needs to act quickly and find some steady hands to take Tesla forward or it will get very ugly for the company in short order.
Both Tesla bonds and stock are a sell.
The key was Musk's dual role as Chairman and CEO. Get rid of his Chairman role and provide him some proper oversight and management support and Tesla would be in a better position. The recent SEC settlement with Tesla goes a long way toward doing t...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.