The United States’ most innovative automobile company, Tesla, was created roughly 15 years ago by entrepreneurs Marc Tarpenning and Martin Eberhard. In the private, then-fledgling business’ first round of financing, better known as Series A funding, Tesla attracted the likes of Elon Musk. Today, Musk and the other two Series A financiers, J.B Straubel and Ian Wright, are also listed as co-founders thanks to their major contributions.
In December 2016, the share price of Tesla started to rise. At the time, the price of one share of the automotive company’s common stock was worth roughly $182. Six months later, in June 2017, the price of Tesla’s stock hit an all-time high of approximately $383.50. Since then, the price of a single share of the business’ common stock has dropped to just short of $260.
Even though Elon Musk is indisputably known as one of planet Earth’s most successful, intelligent innovators and pioneers of countless forms of groundbreaking technology, investors have grown weary of investing in Tesla due to Mr. Musk’s controversial tweets or in-person statements and actions.
<strogn>Cannabis rarely proves to users that it’s dangerous, but the same can’t be said of public companies</strong>
One of the world’s most popular drugs is cannabis, a flowering plant that is indigenous to either Central or South Asia. Cannabis has been used for many thousands of years as a means of recreation, dealing with stressful times, mitigating the sometimes-debilitating results of chronic pain, and countless other legitimate uses that see consistent results.
Roughly one month ago, Elon Musk sat down with personality Joe Rogan on his long-running podcast The Joe Rogan Experience. He talked about this, that, and everything in between in the roughly two-hour-long interview.
Elon Musk also took one drag off of a cannabis cigarette during his live-broadcast appearance on The Joe Rogan Experience, something that’s legal in both of their states of residence – the Golden State, better known as California.
Recently, the United States Securities and Exchange Commission opened up an investigation on Elon Musk’s posts on his social media platform of choice, Twitter. In order to settle the charges that the SEC levied against Mr. Musk, he was required to fork over $40 million. Tesla also had to hire two new directors.
After Musk tweeted his thoughts on the SEC deal, the value of Tesla dropped even further. Just yesterday at the close of trading hours, Tesla’s market capitalization was effectively lowered by a whopping $10 billion! Poor Elon.