Liam Denning, Columnist

Musk Could Use Some Extra Tesla Mojo Right Now

A share buyback seems out of step with the company’s ambitions but a stock bounce would help its CEO.

October 20, 2022 at 12:02 AM 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.

Elon Musk says Tesla mulling a share buyback. — Elon Musk says Tesla mulling a share buyback.
Photographer: CARINA JOHANSEN/AFP

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In between dabbling in geopolitics and buying-rejecting-no-really-buying Twitter, Elon Musk runs a car company.

Tesla Inc. reported results that were somehow simultaneously great and yet humdrum. Revenue jumped 56% versus a year ago, but missed expectations by 3%; the stock fell slightly after hours on Wednesday. Such is the flip-side of high expectations.