The CEO effect: The difference between Tesla Motors and Litecoin
I just want to talk about my strong buy recommendation on Tesla and I based my opinion in the CEO effect. Elon Musk is one of the best CEO on planet earth because he has been creating profitable companies in short time periods like Zip2, Xcom, SolarCity, SpaceX or Tesla Motors. The same man who traveled from Africa to Canada and USA searching the American dream. And the CEO who lived in the company he made1. The recently down in the TSLA price last week was a hard punch in Musk’s face but the TSLA go up very fast. The amazing recovery in price is just the confidence in the CEO, despite the other news about the number of model 3 cars produced per week.
On the other hand, Charlie Lee was donating all his LTC in the moment LTC had a good price (according to twitter Lee profile). I’m not saying LTC hasn’t a future because LTC is the technology will help reduce BTC transaction cost. Nevertheless, Musk trust in his product and put his money in his products. Finally, I trust in a company with a long enterprise history and a CEO that put all the money in the game.
References:
Vance, Ashlee (2015). Elon Musk: Tesla, Space X, and the Quest for a Fantastic Future.
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its a good argument. Same is true for ripple CEO who did not sell any ripple even when people thought it was well in the overbought region he did not sell a single token which is a good sign of confidence in his own product. i did not believe in ripple before that.
https://www.youtube.com/paulbegley34