U.S. Markets closed

Just Another Monday at Tesla

Liam Denning
Just Another Monday at Tesla

When Elon Musk decided to spawn the “funding secured” meme, the prospective buyer was expected to pay merely a 20 percent premium for the privilege of owning … a minority, illiquid stake in an unprofitable company. As of Monday morning, the price of admission was 40 percent. The $420-a-share figure scrawled on Tesla Inc.’s windshield hasn’t changed, but the stock now hovers around $300.