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Fortune

Steve Mollman

Elon Musk generated money ‘out of thin air’ to make Tesla succeed, says billionaire investor Jeremy Grantham

Jeremy Grantham Tesla Inc. Elon Musk United States

(Credit: Chesnot/Getty Images)

Legendary investor Jeremy Grantham has made plenty of good bets in his time, but he did not foresee the success that Tesla and its CEO Elon Musk would have.

Grantham, a cofounder of investment management company GMO, recounted what he described as “my favorite loser story” on a Friday episode of The Compound & Friends podcast

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