Tesla (TSLA) shares were lower in early trading, following a report from the Wall Street Journal claiming executives at both Tesla and SpaceX are concerned about Elon Musk’s illegal drug use. Musk denied the report, saying he is subjected to random drug testing by NASA. Yahoo Finance’s Seana Smith and Brad Smith weigh in on what the report means for shareholders. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
I don’t understand people buying such high-end toys and not bothering to pay for some training.
Seriously. Racing school was fun and only $1,500! Yeah that was serious money for me, but I thought it was a good investment/ birthday present. For him though… That’s like a quarter.
Uninsured is also just strange. Even if I bought a junked supercar, rebuilt the thing myself, and didn’t care if I wrecked it, I’d still insure the thing.
I feel like Elon is the type of guy who views having insurance as weak. Like someone or something having an even minute amount of authority over him is unthinkable.
Today, yes, but back then he was just another dot com millionaire. Remember, that footage was before PayPal, so he probably had about 300M, tops. A million was still only a fraction of his wealth, but it was still a noticeable fraction.
Even so, I seriously doubt the $1500 he could have spent to learn to drive the thing properly would have been a serious expense.