Mileage Psycho Posted May 7, 2020 Share Posted May 7, 2020 Mr. Wonderful who himself was a hater of Tesla. 1 Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted May 7, 2020 Author Share Posted May 7, 2020 Quote Kevin O’Leary: If Elon Musk pitched Tesla on ‘Shark Tank,’ ‘I would have said no’ Investor Kevin O’Leary, star of ABC’s “Shark Tank,” has said Tesla CEO Elon Musk is “a great entrepreneur.” But “if Elon Musk came into the ‘Shark Tank’ and told me to invest in his electric car company before he started it, I would say, ‘You’re crazy,’” O’Leary tells CNBC Make It. O’Leary has been an outspoken critic of Tesla in recent years and has said its stock is overvalued. In the past, he has also said that he only invests in profitable companies to ensure his return on investment. But nowadays, “Mr. Wonderful” has a different opinion of the company and its stock price. “Am I a shareholder today in Tesla? Yes I am,” O’Leary tells CNBC Make It. In fact, “my best performing stock, this year to date, [is] Tesla.” And O’Leary says he owes it all to his son, Trevor, who convinced him to buy the company’s stock in 2019. “My son went to work for [Tesla as an intern] and convinced me that it wasn’t a car company I was investing in, it was a data technology company,” O’Leary says. “Sometimes you have to think out of the box.” Analysts that have long supported Tesla have said the data the company collects from its customers is “one of the most under-valued areas of the business, which is significantly ahead of competitors,” as CNBC reported in February. “Every mile driven globally, [Tesla’s] data gets smarter, the resolution better,” O’Leary said on CNBC’s “Halftime Report” on Wednesday. “This company is all about the future of autonomous driving.” In addition to the company’s data, O’Leary was also impressed by the number of talented engineers that want to work for Tesla, he said. Musk reacted to O’Leary’s comments via Twitter on Wednesday, saying “Tesla & SpaceX are the top two destinations for engineers, because you can have the most fun creating kickass technology! That’s why.” “His son sounds great btw,” Musk added, referring to Trevor. Now a Tesla convert, O’Leary admitted to “Halftime Report: that “sometimes you’re just wrong. [Tesla stock] is not overvalued.” “When facts change, I change. [My] young electrical engineer son talked me into buying a stock I had no interest in,” O’Leary tells CNBC Make It. “Now I own Tesla and, wow, I bought it in the $200s last July. Look at it now.” Tesla shares closed at $782.58 on Wednesday. Tesla’s market cap reached $100 billion for the first time on Jan. 22. And in May, its stock market value hit a six-month average of $100.2 billion, Reuters reported. It’s current market cap is $146 billion. “But Elon, I still would have said, ‘no,’ to you in the ‘Shark Tank,’” O’Leary says. “Your idea was way too crazy. Right!” Tesla did not immediately respond to CNBC Make It’s request for comment. https://www.cnbc.com/2020/05/07/why-kevin-oleary-wouldnt-have-given-musk-a-tesla-deal-on-shark-tank.html 1 Quote Link to comment Share on other sites More sharing options...
SSFB Posted May 7, 2020 Share Posted May 7, 2020 Quote “My son went to work for [Tesla as an intern] and convinced me that it wasn’t a car company I was investing in, it was a data technology company,” O’Leary says. “Sometimes you have to think out of the box.” 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 7, 2020 Share Posted May 7, 2020 Kevin O'Leary is an asshole. Just a miserable prick. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 7, 2020 Share Posted May 7, 2020 It’s a good thing musk didn’t try to sell to small time investors. Gubment! That’s the big money, Baby!!! Quote Link to comment Share on other sites More sharing options...
Frostynuts Posted May 7, 2020 Share Posted May 7, 2020 29 minutes ago, Anler said: Kevin O'Leary is an asshole. Just a miserable prick. And now he and his wife are in deep doodoo for being involved in that fatal boating accident last year. It will be interesting to see if he can buy his way out of this one. I believe his wife was supposedly driving the boat at night when a collision occurred with another boat, killing an American. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 7, 2020 Share Posted May 7, 2020 1 minute ago, Frostynuts said: And now he and his wife are in deep doodoo for being involved in that fatal boating accident last year. It will be interesting to see if he can buy his way out of this one. I believe his wife was supposedly driving the boat at night when a collision occurred with another boat, killing an American. See only an asshole lets a woman drive the boat. 1 Quote Link to comment Share on other sites More sharing options...
Frostynuts Posted May 7, 2020 Share Posted May 7, 2020 2 minutes ago, Anler said: See only an asshole lets a woman drive the boat. I guess time will tell and prove who was actually driving the boat. Seems to be some debate if it was really him, or her. Alcohol may have been involved as well. I agree with you, he does seem like an arrogant dick. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.