Tesla Disappointment: Charts

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And don't miss Chris Hughes on the upending of CEO payola: "Smaller fund managers simply can't afford to pay much, leaving them at risk of being less well informed. But larger investment firms with more resources should be willing to pay a lot, and have good reasons to be seen to pay something reasonable. MiFID II permits the cost of corporate access to be passed to the end customer if the charge is made transparent. In reality, most fund managers won't dare bill their clients simply for something that's meant to be part of their job. So they'll have to meet the cost out of their own pockets."

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Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

To contact the author of this story: Max Nisen in New York at mnisen@bloomberg.net.

To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.

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