TECH - Elon Musk Promotes Concentrated Portfolio With Just Tesla Stock To Former Employee Who Said 'Every Time I Diversify I Lose Money' | Benzinga
Billionaire entrepreneur Elon Musk on Thursday promoted the idea of a non-diversified, concentrated stock portfolio with just his EV company Tesla Inc.’s (NASDAQ:TSLA) shares.
What Happened: “Every time I diversify I lose money,” Tesla’s former Director of AI Andrej Karpathy wrote on social media platform X on Thursday.
“TSLA,” Musk responded to Karpathy on Thursday, promoting a portfolio of just Tesla shares, similar to his own.
TSLA 🙌 — Elon Musk (@elonmusk) July 11, 2024
Karpathy left Tesla in July 2022. Given that Tesla has previously given employees stock awards, Karpathy is likely a Tesla shareholder. Musk and Karpathy respond ...