All it took for Elon Musk to set the hearts of Tesla investors aflutter was one simple word.
A full week after Singapore-based billionaire Leo KoGuan warned only a stock buyback or 100% earnings growth would pull Tesla out of its current slump, Musk finally replied to his third largest shareholder.
“Noted,” he wrote on Thursday.
Minutes later the stock reversed its losses as investors took this as a clear sign that Musk might greenlight Tesla spending anywhere between $5 billion to even…
Source link