Tesla Motors (TSLA) CEO Musk Warns 'Our Stock Price is Kind of High'
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Tesla Motors (NASDAQ: TSLA) stocks is on watch Friday after CEO Elon Musk said, "I think our stock price is kind of high right now to be totally honest." according to a tweet from CNBC auto watcher Phil LeBeau.
This is not the first time Musk has commented on the stock price. In November 2013, Musk said, "I believe I said several times that the valuation was more than we had any right to deserve ... I was not the one who thought the valuation should go up to such levels."
Notably, at that time the company had a market cap of around $15 billion. Now the valuation is around $36 billion.
Quote of the Night: "I think our stock price is kind of high right now to be totally honest." By $TSLA CEO Elon Musk.
— Phil LeBeau (@Lebeaucarnews) September 5, 2014
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