7/23/2023 0 Comments Tesla stock elon musk![]() Elon Musk says he won't sell any more Tesla stock in the next 2 years In this article, I will examine the potential implications of this overlooked news, as well as a note from Morgan Stanley analysts questioning the future of the entire industry and Tesla in particular. On December 27, we saw a similar picture (~203 million shares traded).Īmid the dramatic drop in TSLA on high trading volumes, a significant piece of news was overlooked by the market - it has the potential to significantly impact short-term market trends for the stock, in my view. On December 22, for example, when TSLA fell a miraculous 8.88%, trading volume was over 205 million shares - nearly 2.5 times the 200-day average, according to. It was especially interesting considering that trading volumes were well above average on those sell-off days. ( NASDAQ: TSLA) fall for 7 consecutive trading sessions against the backdrop of the falling but relatively stable NASDAQ 100 Index ( COMP.IND): The combination of slumping stock, a distracted CEO and concerns about the Tesla brand being tarnished are cooking up the potential for investor activism, Ives noted.It has been quite interesting to watch Tesla Inc. automakers are piling into electric cars. ![]() "Right now they are popping champagne in the 313 area code because it's a benefit for GM, Mercedes and others in this EV arms race," Ives added, referring to the area code for Detroit, where U.S. "Ultimately, you're alienating 50% of the population for someone who is selling products to the masses," he said. That could pose a real risk for Tesla sales, especially as rival automakers are rolling out their own EVs and trying to grab part of Tesla's market share, Ives pointed out. They want to be proud as hell to drive them - not embarrassed.- Gary Black December 14, 2022 Customers don’t want their cars to be controversial. He will realize soon (if not already) that his polarizing political views are hurting customer perceptions of $TSLA EVs. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, should be prosecuted, although he did not specify is a brllliant business leader. And Musk himself has courted controversy and condemnation with some of his recent tweets, such as a viral post on Sunday that simultaneously made fun of pronoun usage while indicating that he believes Dr. Researchers have tracked a massive spike in hate speech since Musk's takeover. Musk's dedication to "free speech" prompted changes at the company such as reinstating formerly banned accounts, like those belonging to former President Donald Trump and far-right Republican lawmaker Marjorie Taylor Greene. Other issues are emerging with Musk's ownership of Twitter that extend beyond investor anxieties over the CEO's stock sales. "That has been a massive overhang on Tesla's stock." Tarnished brand? "One of investors' bigger concerns is that Musk is using Tesla as an ATM machine," Ives said. But he also needed to tap his greatest source of wealth to fund the company - Tesla stock. But clinching that deal wasn't cheap, with Ives estimating that Musk's $44 billion purchase price for Twitter represented a $20 billion overpayment.ĭue to the steep price for Twitter, Musk has had to slash costs dramatically at the social media network, cutting more than half the company's staff. Twitter presented a path for Musk to achieve that goal, as he had been especially critical of the social-media company's content moderation standards. What Tesla BOD should do, do nothing? Elon will find his own successor under BOD independent supervision - KoGuan Leo December 14, 2022 Tesla needs and deserves to have working full time CEO Elon abandoned Tesla and Tesla has no working CEO
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