Prof G Markets: Tesla’s Value Destruction, Crowdstrike and Cybersecurity, and Bankruptcies
Dec 5, 2022
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This week, analyst Ed Elson and editor-in-chief Jason Stavis dive into the tumultuous world of finance. They discuss why the cybersecurity sector, exemplified by CrowdStrike, is thriving even during a recession. The conversation shifts to Elon Musk's impact on Tesla, predicting a potential 50% drop in stock value due to his Twitter antics. Stavis explains the intricacies of corporate bankruptcies, asking whether Musk's Twitter could be next. Their engaging banter keeps the analysis sharp and entertaining!
This week on Prof G Markets, Scott reflects on Sam Bankman-Fried’s DealBook Summit interview. He then explains why the cybersecurity sector is practically recession-proof, and shares his thoughts on how Elon Musk’s antics at Twitter will cause Tesla’s stock to get cut in half. And in this week’s unpack, we learn about how bankruptcies work, and whether Musk might file for one at Twitter.