I have covered advanced biofuel companies for more than a decade, and just about all of them made implausible claims about their technologies. They consistently overpromised and underdelivered, until they finally ran out of money and declared bankruptcy.
I am not sure that electric vehicle (EV) maker Tesla will share the same fate, but management is demonstrating the same pattern. Tesla CEO Elon Musk frequently says grandiose things to investors that ultimately fall far short of his projections. Thus far, this tactic has helped to prop up Tesla’s share price.
No comments:
Post a Comment