Elon Musk Could Learn a Thing or Two From Bernard Arnault

Luxury conglomerate LVMH (LVMUY) reported its Q1 2023 results on April 12. All five of its business groups delivered growth in the first quarter. LVMH’s stock rose more than 3% on the news. 

While Elon Musk’s baby, Tesla (TSLA), is up nearly 68% year-to-date, more than double Bernard Arnault’s magnificent creation, it has done considerably better than Tesla stock over the past year. Arnault is the world’s wealthiest person for a reason.