Liam Denning, Columnist

Tesla's Got Kanye, But Cash Is Still King

The rapper's praise can't distract from the ugly numbers coming next week.

April 26, 2018 at 3:45 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

NEW YORK, NY - DECEMBER 13: Kanye West arrives at Trump Tower, December 13, 2016 in New York City. President-elect Donald Trump and his transition team are in the process of filling cabinet and other high level positions for the new administration. (Photo by Drew Angerer/Getty Images)Photographer: Drew Angerer/Getty Images North America

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One unforeseen consequence of writing about Tesla Inc. is that I felt compelled to start following Kanye on Twitter this week.

A few days before Mr. West got around to his musings on “dragon energy”, he praised both his Tesla vehicle and the electric car maker’s CEO, Elon Musk. I half expected Tesla’s stock to acquire a little dragon energy of its own from that. But as of Thursday morning, it was down about 2 percent this week.