Musk Blasts Public Markets, Says Indexing Has ‘Gone Too Far’

Tesla CEO says investor pressure curbs risk taking, efficiency
Musk, Cathie Wood talk in Spaces discussion streamed live on X

Elon Musk
Photographer: Nathan Laine/Bloomberg

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By Emily Graffeo and Kurt Wagner

December 22, 2023 at 1:43 AM UTC

This article is for subscribers only.

Elon Musk is lashing out at the state of US financial markets.

In a wide-ranging talk with ARK Investment Management’s Cathie Wood Thursday, he bemoaned the high regulatory burden faced by publicly traded companies, the pressure from shareholders that limits efficiency, and how passive investing is stoking volatility.