Tesla stock low if you believe in company's future, Elon Musk says
In a recent tweet, clarifying earlier comments, Tesla CEO Elon Musk tweeted: "I should clarify: Tesla stock is obviously high based on past & present, but low if you believe in Tesla's future. Place bets accordingly ..." Earlier in the day, according to CNBC, Musk said, "I've gone on the record several times that the stock price is higher than we have the right to deserve and that's for sure true based on where we are today," Musk told Nevada Gov. Brian Sandoval at the National Governors Association summer meeting on Saturday. According to media reports, Musk added when speaking at the meeting that Tesla's current stock price reflects a "lot of optimism" adding that he has tried to bring expectations in line. Musk noted that it has been "quite tough" to temper expectations in a euphoric environment. Shares of Tesla dropped to an intraday low of $313.45 per share after his comments from the governor's meeting but have regained some ground and are currently down 2.6% to $319.50 per share in afternoon trading.