I don't think we should measure the outcome of this incident by Tesla's stock performance in the years since, that doesn't really make sense. I never heard someone make a bull case for Tesla like, "in 2018, the CEO said he may take the company private, so it's a buy." That he was sued by the SEC and had to give up his chairmanship in the settlement seem like much more relevant ways to judge the outcome of this particular event, to me.
This standard ought to work in reverse too, right? If he was winning from 2018 to the end of 2021 because Tesla stock was skyrocketing, surely he's been losing since the beginning of the year as the stock has been plummeting. Otherwise, we would have defined "winning" in a way where "losing" is impossible, which would be a meaningless exercise, wouldn't you say?
If you believe that Tesla's poor stock performance since the beginning of the year isn't per say Musk's fault, it's just the market environment, I'd agree with you. But the same is true, at least in part, of Tesla's bull run. It coincided with a broader bull run in the market and tech stocks in particular.
This standard ought to work in reverse too, right? If he was winning from 2018 to the end of 2021 because Tesla stock was skyrocketing, surely he's been losing since the beginning of the year as the stock has been plummeting. Otherwise, we would have defined "winning" in a way where "losing" is impossible, which would be a meaningless exercise, wouldn't you say?
If you believe that Tesla's poor stock performance since the beginning of the year isn't per say Musk's fault, it's just the market environment, I'd agree with you. But the same is true, at least in part, of Tesla's bull run. It coincided with a broader bull run in the market and tech stocks in particular.