Elon Musk says Tesla is already out of the woods "It's already turned around," Musk responded curtly when asked about turning around Tesla's declining sales. When asked for eviden

Shares in Tesla Inc. recently traded nearly 2% higher, even as the S&P 500 index dipped, as Chief Executive Elon Musk said he planned to cut back on his political spending and declared that the car company’s sales are improving.

Munger’s wisdom applies especially to Musk, who’s acted as the EV maker’s biggest cheerleader since the disputed compensation package was struck back in 2018. And it’s a good reason why Tesla investors may continue to want Musk at the helm for many years yet.