Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

SolarCity Corp (SCTY), Tesla Motors Inc (TSLA): I would love to have Elon Musk’s problems: Michael Murphy

Tesla Motors Inc (NASDAQ:TSLA)‘s investors need not to worry about a slight dip in the stock’s price, because the man behind the wheel, Elon Musk, Tesla’s CEO, is not going anywhere until he has accomplished all, and he is just starting. CNBC’s contributor, Michael Murphy, talked about both the recent dip in Tesla Motors Inc (NASDAQ:TSLA)’s price and Elon Musk’s ambitions.

Tesla Motors Inc (NASDAQ:TSLA)

Murphy confirmed that there was no alarming factor involved in the recent dip. It was just a bump on the long road of success and adventure for Tesla and Musk and shareholders should sit tight with their holdings. The dip is a natural play of lady randomness as she takes a liking to various stocks every now and then. The combined dip of SolarCity Corp (NASDAQ:SCTY) and Tesla Motors Inc (NASDAQ:TSLA) has caused Musk’s net worth to drop by about $1.5 billion, but it’s just another day at the office for him.

“[…] You look at it year to date. Tesla Motors Inc (NASDAQ:TSLA) is up about 60 percent SolarCity Corp (NASDAQ:SCTY) is up 7 but in the past year both were up over 60%. I would love to have Elon Musk’s problems right now. Yes, the stocks have pulled back a bit, but this guy is an innovator. He is one of the guys we are going to be talking about for the next  10 years at least […],” said Murphy.

Hints of this pullback in Tesla Motors Inc (NASDAQ:TSLA)’s stock valuation were provided earlier even by Musk himself. In an interview with CNBC he had said that the stock was in a high valuation region. Investors showed over exuberance as Tesla Motors Inc (NASDAQ:TSLA)’s Gigagactory location was finalised recently.

With Tesla Motors Inc (NASDAQ:TSLA), Musk is trying to change not only the face of automotive industry but also how we satisfy our energy needs. While Tesla Motors Inc (NASDAQ:TSLA)’s electric cars take care of the former, the innovation in electric batteries that goes hand in hand with automotive industry has the potential to usher in a new era of sustainable energy.

Disclosure: none


Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!