The CEO of a $150 million financial advisory says he can no longer uphold his fiduciary duty to clients if he's investing their money in a stock as volatile as Tesla.
For Alex Chalekian, CEO of a firm with about $150 million AUM, that move was the final straw.
"I looked at it as: 'This is an innovative company, there's always going to be some sort of chaos going on,'" Chalekian, who purchased a Model S in 2009, told Business Insider in a phone interview.
that the company could be in major cash-saving mode. Not only would the move save on payroll costs, but leased land for the stores as well.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The 'un-iPhone moment' — here's what analysts had to say about Tesla's new Model 3Analysts were unimpressed after Tesla CEO Elon Musk announced a cheaper Model 3 yesterday afternoon.
Baca lebih lajut »
Top Tesla shareholder says Musk 'doesn't need to be CEO': Barron'sTesla Inc's largest shareholder expressed its support for Chief Executive O...
Baca lebih lajut »
Top Tesla Shareholder Says Elon Musk ‘Doesn’t Need to Be CEO’Baillie Gifford, Tesla’s largest outside shareholder, is open to a different role for the company’s founder and CEO.
Baca lebih lajut »
Big Tesla backer doesn't oppose a Musk ouster: 'I don't think he needs to be CEO'Musk is facing contempt of court allegations after he tweeted what the SEC claims was 'inaccurate' information about Tesla's production.
Baca lebih lajut »
Tesla is lining up about $2 billion in loans for Shanghai Gigafactory: analyst reportA report from equity research firm JL Warren Capital says that Tesla is lining up around $2 billion in loans from Chinese banks to build out its Shanghai Gigafactory.
Baca lebih lajut »
China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday.
Baca lebih lajut »
Gap, Victoria's Secret and even Tesla: 4,300 store closures already announced this yearA recent wave of store closure announcements will hit shopping malls across the U.S.
Baca lebih lajut »
Stocks making the biggest moves after hours: Gap, Tesla, Marriott and moreSee which stocks are posting big moves after the bell on February 28.
Baca lebih lajut »