A Tesla investor explains the final straw that made him sell his entire stake in the company

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The CEO of a $150 million financial advisory says he can no longer uphold his fiduciary duty to clients if he's investing their money in a stock as volatile as Tesla.

For Alex Chalekian, CEO of a firm with about $150 million AUM, that move was the final straw.

"I looked at it as: 'This is an innovative company, there's always going to be some sort of chaos going on,'" Chalekian, who purchased a Model S in 2009, told Business Insider in a phone interview.

that the company could be in major cash-saving mode. Not only would the move save on payroll costs, but leased land for the stores as well.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Thank you g_rapier for the interview!

Just more for the rest of us to buy. See ya.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday. $TSLA needs to merge with $NIO. best to stay away from China, because of immense Technologieklau On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stocks making the biggest moves after hours: Gap, Tesla, Marriott and moreSee which stocks are posting big moves after the bell on February 28.
Källa: CNBC - 🏆 12. / 72 Läs mer »