Tesla: Electric Noise
The Big Story
Featuring Grant Williams
Published on: March 27th, 2019 • Duration: 34 minutesHow did Tesla become the most polarizing company in stock market history? In this episode of “The Big Story,” Grant Williams explores the fierce debate between those who believe in Elon Musk’s vision, and the obsessive community of short sellers who sees massive corporate fraud. The lines are drawn and the battle sometimes gets personal in a story that encapsulates the divides that define the 21st century. Tesla is more than just an electric car company — it represents our obsession with Silicon Valley and celebrity culture, the promise of green energy and AI, the corrosive impact of social media, and a roaring stock market that could soon come crashing down. Filmed from August 2018 to March 2019 in New York, San Francisco, Los Angeles and other locations.
MARK SPIEGEL: I've been called obsessed with this by a lot of people. I don't usually talk stocks around the apartment, because it drives my girlfriend crazy. I especially don't talk Tesla. And by the way, it's not-- it's not ruling my life. I mean, I don't think about it while I'm out to dinner, or while I'm sleeping, or whatever.
But none of us can believe what's so obvious and out there in plain sight is being improperly priced by the markets.
ROSS GERBER: I have tremendous amount of fans in the real world. Like, when I go out in LA, and people start talking about Tesla and my reputation with Tesla--
I mean, I'm getting clients because of this. I'm going up to San Francisco. This whole Tesla club wants to meet me. Tesla fans are rabid fans and they love me for sticking up for Tesla.
GRANT WILLIAMS: Tesla is perhaps the most polarizing company in stock market history. Where some see brilliant disruption, others find blatant fraud. This is a story about innovation, belief, money, lies--
VOICE: I love Tesla. Thank you, Elon Musk.
MARK SPIEGEL: Tesla is a fraud, what else is new.
GRANT WILLIAMS: And a whole lot of noise--
LINETTE LOPEZ: There is no comparing any company to Tesla. It's a Wall Street debt story. It's a Page Six story. It is a Silicon Valley story. It is an American dream story. And it is a mess.
CATHIE WOOD: Tesla is