Elon Musk: Tesla stock is high now
Matthew J. Belvedere | Phil LeBeau
1 Hour Ago
CNBC.com
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While announcing Nevada as the winner of Tesla's $5 billion battery gigafactory, CEO Elon Musk said investors often "get carried away" with the electric car company's stock price.
"I think our stock price is kind of high right now," Musk said Thursday, responding to a question from CNBC at the news conference in Carson City. "If you care about the long term, Tesla, I think the stock is a good price. If you look at the short term, it is less clear."
Shares of Tesla have rocketed 90 percent this year. Since its 2010 initial public offering priced at $17 a share, the stock has risen about 1,400 percent to about $286 as of Thursday's close. |