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Bloomberg: Gundlach Tells Tesla’s Musk to Ditch Cars for Batteries


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Jeffrey Gundlach has some advice for billionaire Elon Musk. Get out of the car business.

The bond manager, who says he’d rather buy Tesla Motors Inc. (TSLA) shares instead of Twitter Inc., sees a 30 percent chance that the electric-vehicle maker will give speculative investors a “killer” return. Gundlach said he’s been trying to get together with Musk, a fellow Southern California resident, to persuade him to cut a deal with competitors in which Tesla would stop making cars and instead supply automakers’ batteries.

Read more: http://www.bloomberg.com/news/2014-05-07/gundlach-tells-tesla-s-musk-to-ditch-cars-for-batteries.html

Bruce

2016 Cadillac ATS-V gray/black

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