Elon Musk Backtracks On Tesla Inventory Rate

Elon Musk: Tesla’s stock price is higher than we ‘deserve’ right now 6 Hours Ago | 00:34Once again, Elon Musk is defending Tesla’s skyrocketing stock price — only this time he is rebutting himself.
“This is not the first time Musk has defended his company’s stock valuation, which critics say too far outstrips the company’s performance.
Tesla shares have risen nearly 50 percent this year, producing huge losses for some investors with short positions.
But the stock has also slid in recent weeks, after Tesla reported lower-than- expected delivery numbers for the second quarter.
Musk said on Twitter Monday afternoon that his company’s shares are “obviously high on past and present, but low if you believe in Tesla’s future.

Read more on: http://www.cnbc.com/technology