The CEO of a $150 million financial advisory says he can no longer uphold his fiduciary duty to clients if he's investing their money in a stock as volatile as Tesla.
For Alex Chalekian, CEO of a firm with about $150 million AUM, that move was the final straw.
"I looked at it as: 'This is an innovative company, there's always going to be some sort of chaos going on,'" Chalekian, who purchased a Model S in 2009, told Business Insider in a phone interview.
that the company could be in major cash-saving mode. Not only would the move save on payroll costs, but leased land for the stores as well.
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