The Prof G Pod with Scott Galloway Prof G Markets: Elon sells Tesla (stock), the Inflation Reduction Act, Coinbase and Stock-based compensation
Aug 15, 2022
Elon Musk's recent $7 billion Tesla stock sale sparks discussions about his control over the company. The podcast dives into the Inflation Reduction Act, examining its effects on inflation and its focus on climate change. Additionally, it critiques Coinbase's reliance on stock-based compensation and its impact on employees and investors. The episode also features insights into market trends and a light-hearted chat about upcoming summer plans, adding a touch of humor amid the serious financial topics.
AI Snips
Chapters
Transcript
Episode notes
Elon's Stock Sale and Twitter
- Scott Galloway distrusts Elon Musk's stated reasons for selling Tesla stock.
- He believes Musk's actions are tied to Tesla's stock price and the Twitter deal.
Tesla and Twitter Correlation
- The correlation between Tesla and Twitter stock prices is high (0.78).
- This suggests that the market sees Tesla's performance as directly influencing Musk's ability to buy Twitter.
Musk's Control of Tesla
- Despite selling shares, Elon Musk's control over Tesla remains secure due to his perceived genius and brand power.
- His ability to raise capital cheaply makes him invaluable to the company.