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No Model S for T. Boone Pickens

May 11, 2016 2:32 PM ETTesla, Inc. (TSLA) StockTSLABy: Clark Schultz, SA News Editor70 Comments
  • Tesla Motors (NASDAQ:TSLA) came up during the SkyBridge Alternatives Conference underway in Las Vegas with oil legend T. Boone Pickens and real estate heavyweight Sam Zell both having something to say about the EV automaker, according to Business Insider.
  • Zell took issue with the subsidization of the electric vehicle industry by the government. He feels the investment doesn't add up on a cost-benefit analysis.
  • Pickens knows a good salesman when he sees one, but indicated that he's going to pass on backing Musk's vision.
  • Other speakers at the eclectic conference include Michael Bloomberg, Kobe Bryant, Mark Mobius, and Mark Cuban. It's unclear if Tesla will be brought up again.
  • Tesla is up 1.20% on the day to $211.04.

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