“I am of the opinion that we can far exceed Apple’s current market cap,” Musk said. “In fact, I see a potential path for Tesla to be worth more than Apple and Saudi Aramco combined.”
You don't believe the ideal that he wants to pump TSLA stock?
Musk was precluded from selling shares before Tesla’s earnings report due to SEC rules, so what better way to try and pump Tesla’s stock before that blackout ended than to make some far-out predictions on the company’s earnings call?
“Even in a downside scenario next year, given next year is very difficult, we still have the ability to do a $5 [billion] to $10 billion buyback. This is obviously pending board review and approval,” he said. “So it’s likely that we will do some meaningful buyback.”
It is very odd to announce a share repurchase plan before it is approved and officially put in place by a board of directors, though sharing the news early is not automatically a violation of securities laws, said Stephen Diamond, an associate professor at Santa Clara University School of Law.
His Dogecoin to the moon scam isn't working for him anymore, so back to trying to pump TSLA stock. Selling you a future you won't be a part of. How much did you lose on Dogecoin? 😏
The man is pushing boundaries and at this point SpaceX and Tesla are bigger than him and he needs to go back under the bridge where he belongs.