Musk a “ visionary.” Love him or hate him, Elon Musk is the “chaos monkey” that stagnant industries often need. Berkshire Hathaway’s (NYSE: BRK-A, NYSE: BRK-B) Charlie Munger has called Tesla a “minor miracle” and even online critic and author Stephen King grudgingly calls Mr.

Musk’s hard-driving style has also single-handedly transformed the carmaking business.

When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats. The Tesla (NASDAQ: TSLA) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results. What if Elon Musk bought GameStop stock? GameStop Needs an Elon Muskįirst, let’s be clear: I wouldn’t wish the wrath of the world’s wealthiest man onto my worst enemy. So, perhaps it’s time to stop asking when the next GameStop short squeeze might happen, and consider this: For all of Chairman Ryan Cohen’s efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. InvestorPlace - Stock Market News, Stock Advice & Trading Tips GameStop’s core business remains in terminal decline. Yet, no amount of hand-waving can hide an increasingly clear fact: E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad gaming selection,” etcetera. When was the last time you visited a GameStop (NYSE: GME)? Its management team apparently rather you didn’t know the firm stopped reporting same-store sales in 2021.

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