Home Elon Musk is using Tesla as his personal ‘ATM machine’ after cashing out another $3.5 billion in stock. It’s a ‘train wreck situation,’ Wedbush’s Dan Ives says
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Elon Musk is using Tesla as his personal ‘ATM machine’ after cashing out another $3.5 billion in stock. It’s a ‘train wreck situation,’ Wedbush’s Dan Ives says

“Investor frustration is building as the Musk brand has quickly deteriorated over the past six months,” the influential tech entrepreneur and co-founder of the Wall Street firm Jack Maples said today.

The company currently employs about 4,000 people as of press time and is already ranked 14th in the world by Forbes.

“Investor frustration is building as the Musk brand has quickly deteriorated over the past six months,” said Jack Maples, CEO of The CEO.

The problem is that the company is still facing a number of challenges that have yet to be overcome by the growth of Warren Buffett’s Berkshire Hathaway and Wall Street.

Warren Buffett has helped build a $1B annual revenue of $12.8B a year through venture capital, and has earned a reported $4.15B so far each year.“The fact of the matter is that there is a clear gap between the public funding level in which public funding can be placed and the actual level of public funding. I would like to put that gap in perspective, because I would like to see the political balance and the balance between the public and the private sector both being properly balanced in this area.”

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