NEIL: THIS IS GETTING CRAZY. TESLA STOKE SOARING, $900 A
SHARE.
SHARE. ELON MUSK GETTING RICHER FASTER
THAN ANY OTHER BILLIONAIRE THIS
YEAR.
YEAR. THAN ANYONE THIS YEAR.
TO HAL LAMBERT.
HAL, WHAT DO YOU THINK IS GOING
ON HERE?
ON HERE? IS IT JUSTIFIED?
>> THIS DECADE IS STARTING OFF
AS THE ELON MUSK DECADE.
HIS NET WORTH HAS GONE UP
$16 BILLION YEAR-TO-DATE.
BY THE WAY THE SHORTS HAVE LOST
$16 BILLION YEAR-TO-DATE.
ELON MUSK IS LAUGHING ALL THE
WAY TO THE BANK BUT HE IS ALSO
HAPPY BECAUSE MAINLY THE SHORTS
ARE LOSING AND HE DOESN’T LIKE
TO LOSE.
TO LOSE. ELON MUSK IS A WINNER.
HE IS A KILLER FROM A BUSINESS
PERSPECTIVE.
PERSPECTIVE. FEW GROUPS HE DISLIKED MORE THAN
THE SHORTS THAT HAVE BEEN OUT
THERE THE LAST COUPLE YEARS.
HE IS REALLY LIKING THAT.
WHAT YOU WILL SEE HERE, THE
SHORTS ARE STILL OUT THERE.
THERE IS NOT TECHNICALLY A SHORT
SQUEEZE HAPPENING HERE, NEIL.
THE BORROW IS OUT THERE.
SHARES ARE AVAILABLE.
THEY’RE NOT BEING SQUEEZED OUT.
THEY’RE JUST LOSING BILLIONS OF
DOLLARS AS THE STOCK GOES
HIGHER.
HIGHER. NEIL: AS IT GOES HIGHER, A
MARKET CAP NORTH OF FORD AND GM,
YOU HAVE GOT TO WONDER IS IT
JUSTIFIED?
JUSTIFIED? IT IS MOMENTUM.
NO DOUBT ABOUT IT BUT IS IT A
LITTLE TOO CRAZY?
I MEAN I TALKED TO SOME
INVESTORS, HEY I’M GETTING IN
BECAUSE THIS THING HAS YOU KNOW,
MELT-UP ALL OVER IT?
>> WELL, CERTAINLY DOES LOOK
LIKE A MELT-UP.
CAN THE VALUATION BE JUSTIFIED?
YOU KNOW, THAT IS HARD TO SAY.
LOOK, THIS KIND OF BLOWS UP THE
MARKETS ARE EFFICIENT THEORY,
DOESN’T IT?
DOESN’T IT? NEIL: IT DOES.
>> THE PEOPLE THINK THE MARKETS
ARE EFFICIENT AND YOU CAN’T MAKE
MONEY BECAUSE IT IS EFFICIENT.
THE STOCK IS UP OVER 100%
YEAR-TO-DATE.
YEAR-TO-DATE. IT HAS ONLY ONE KIND OF EARNINGS
REPORT.
REPORT. CLEARLY THERE ARE INEFFICIENCIES
GOING ON HERE.
I WOULD NOT GET IN FRONT OF
THIS.
THIS. I WOULD NOT SHORT IT.
YOU HAVE TO BE REALLY READY TO
HAVE A LOT OF PAIN IF YOU DO
THAT.
THAT. WE TALKED ABOUT ELON’S WEALTH
GOING UP, THERE IS ASPECTS TO
HIS COMPENSATION, IF THIS STOCK
CONTINUES TO GO HIGHER, IT IS
AWAYS AWAY FROM WHERE IT IS NOW,
HE COULD WALK AWAY WITH
$50 BILLION IN COMPENSATION IF
THE STOCK DOES CERTAIN THINGS.
SO, YOU KNOW, ELON MUSK THIS
NEXT DECADE IS ONE TO WATCH.
HE IS THE THOMAS EDISON OF OUR
GENERATION.
GENERATION. HE IS THE COOL GUY IN SILICON
VALLEY.
VALLEY. THE OTHER GUYS WANT TO BE LIKE
ELON MUSK.
ELON MUSK. JEFF BEZOS IS WORTH A LOT MORE
BUT HE WOULD LOVE TO BE AS COOL
AS ELON MUSK.
NEIL: CERTAINLY AT THE PACE HE
IS GOING HE COULD ECLIPSE THOSE
GUYS IF HE MAINTAINS IT.
WHAT HAPPENS THEN?
IT HAS GOT TO SLOW DOWN,DOESN’T
IT?
IT? >> YOU WOULD THINK IT WOULD SLOW
DOWN.
DOWN. YOU CAN’T COMPOUND AT THIS FOR
VERY LONG.
VERY LONG. COULD YOU HAVE A PULLBACK HERE,
STALL OUT, TAKE A BREATH, LOOK
UP AT THE END OF NEXT YEAR STILL
BE, STILL BE HIGHER THAN WE ARE
TODAY IN THE STOCK.
VALUATION HERE IS REALLY TRICKY
TO CALL.
TO CALL. PEOPLE WANT TO LOOK AT IT FROM A
VALUATION PERSPECTIVE BUT THE
TESLA CAR IS REALLY GOOD.
IT IS A REALLY GOOD ELECTRIC
CAR.
CAR. HE IS IN CHINA NOW.
THAT IS THE CAR PEOPLE WANT TO
BUY.
BUY. IT IS AFFORDABLE FOR A LOT OF
PEOPLE.
PEOPLE. STARTING PRICE POINT IS NOW
$35,000.
$35,000. THAT IS AFFORDABLE FOR A LOT OF
PEOPLE.
PEOPLE. IT IS A BETTER PRODUCT THAN THE
OTHER ELECTRIC CARS OUT THERE.
SO, YOU KNOW, WHERE DOES THIS
GO?
GO? IT COULD CONTINUE.