Of no other CEO is it imaginable that he might blurt out such a thing for its effect, without consulting anybody or even having his facts straight.
With Mr. Musk, it’s just plausible. In some ways, he’s a throwback to 19th-century capitalism but with 21st-century tools. With a 19th-century CEO, all in a day’s work was to manipulate the share price, to ramp it up to facilitate a financing, implement a short squeeze, etc. Read about the doings of Daniel Drew, Cornelius Vanderbilt and Jay Gould. Anything went and investors knew it. Their contemporaries probably did not doubt they were a little crazy too.
Mr. Musk already risked trouble with the SEC over his numerous assurances that Tesla did not need fresh capital this year, a claim many analysts on Wall Street flatly contradict. Then there are his countless production forecasts that haven’t been borne out.
Till now, the SEC’s long leash amounted to, wittingly or otherwise, an experiment in 19th-century capitalism.
Yeah, he is in deep kimchi.