Source: Business Insider
Tesla’s stock price has more than doubled since January, boosting Elon Musk’s net worth by more than $15 billion. The electric carmaker’s CEO complained about its volatility last year, calling it a “a bit of a distraction.” Musk also invoked Warren Buffett to downplay the significance of Tesla’s share price at the time. Yet he tweeted three fire emojis on Monday, suggesting he’s thrilled with the stock rally. Visit Business Insider’s homepage for more stories . Tesla ‘s stock price has more than doubled since the start of January, boosting Elon Musk’s net worth by more than $15 billion and making him one of the 25 richest people in the world . The electric carmaker’s cofounder and CEO was complaining about the shares’ volatility less than a year ago. Musk felt the stock price was “being set in kind of a manic depressive way,” he said on Tesla’s earnings call last April, when its shares had dropped to $260 — less than a third of their current price. “It’s a bit of a distraction at times.” The Tesla and SpaceX chief invoked another billionaire CEO to downplay the significance of Tesla’s stock price. “I think Warren Buffett’s analogy is … being a publicly traded company is like having someone stand at the edge of your home and just randomly yell different prices for your house every day,” Musk said on the call. “It’s still the same house.” If Musk was consistent in his view, he wouldn’t be trumpeting Tesla’s current stock rally.