Rabois just made me really bullish on OPEN. Benzinga's headline of that conversation was "Rabois on Opendoor Says The Company Is Completely Bloated," and the stock is falling slightly harder. Rabois mentioned on the topic of new CEO Kaz Nejatian that this upcoming Monday they are "deep-diving" into the future of the company and its financials, stating that they have over 1,400 employees working remotely and that "we don't need more than 200." He wants them to move back in-house to reinvent their company culture and really lock in on the future of the company, comparing their potential to Carvana's.
It seems all Tesla needed to do to reach the valuation they wanted was to offer their CEO a pay package suggesting the valuation could reach the level they wanted and then people bought into it thinking it would reach the valuation they wanted!