Like Enron in one respect, Tesla too survives on its inflated stock

“The end began in 2001, when Enron’s stock started to decline as the great financial bubble of the previous decade deflated. The whole strategy of offsetting losses through complex hedge and swap options was back-routed to Enron’s stock price. Once the stock started to decline, the edifice became increasingly shaky. First, there were warnings that one of LJM2’s Raptor investments would present a major risk if Enron stock fell below $48 dollars…”Screenshot 2018-01-18 18.43.12.png

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