Elon Musk: Tesla Could Be Worth More Than Apple + Saudi Aramco. Stock Market: Not So Fast.

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On the Tesla conference call today, the #1 headline grabber was that Tesla CEO Elon Musk now thinks Tesla [NASDAQ:TSLA] could one day become more valuable than Apple and Saudi Aramco currently are combined. That

– Elon: 4Q delivs “epic”– M-$30K vols will be bigger than all models combined– Said TSLA market cap would be more than AAPL and Saudi Aramco combined – New compact would outsell all other models combinedIs that what was going on? Was Elon pumping TSLA knowing that he intended to sell more stock soon? Well, whether for that reason or others, the market has decided that the conference call brought more pessimism than optimism and the time to sell is now.

And CT had an initial price of $39k.I'm still holding shares but being down over 50% for a company with huge numbers is quite odd.A return to discussions around a cheaper Tesla may have fueled concerns about consumer demand problems.

 

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