Elon Musk needs to soothe investor fears over his Twitter saga as Tesla faces one of the most important moments in the history of the company, Wedbush says
, which in turn, has damaged Tesla's brand, analysts say. Some Tesla investors have already called for Musk to step away from Twitter or get a new CEO for Tesla, showing waning trust in the tech titan as he remains under public scrutiny.
"Musk … has essentially gone from a superhero with a red cape to a villain in the eyes of many investors after the ongoing Twitter fiasco," Ives said. The Wedbush note added that Musk easing investors' concerns could be a bullish factor in tomorrow's call. The stock could also benefit if Tesla addresses how recent price cuts in the US, Europe, and China will affect its profit margins, and if Musk revises Tesla's 50% growth target this year to a more realistic 35%-40%, Wedbush said.
The Wedbush analysts estimated Tesla stock to rally 20% by the end of the year to $175. Shares have already rebounded from lows in 2022, gaining 32% year-to-date. Other commentators remain bullish on Tesla despite its dismal performance in 2022. Canaccord Genuity senior analyst George Gianarikas urged investors to
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla’s Problems Go Way Beyond Elon MuskThe EV giant is alienating its customers, bringing in less revenue, and falling behind legacy carmakers.
Weiterlesen »
Elon Musk testifies in second day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet.
Weiterlesen »
Was Pro Power Saver Endorsed by Elon Musk and Tesla?Not only did Elon Musk and Tesla have nothing to do with this product, the claim that the device could potentially save homeowners up to 90% off their electricity bill reminds us of a wise saying: If something seems too good to be true, it probably is.
Weiterlesen »
Elon Musk testifies in 2nd day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed. The billionaire Tesla CEO and Twitter owner is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying funding was secured to take his electric car company private — for $420 per share. The tweet resulted in a $40 million settlement with securities regulators after the deal never came close to happening.
Weiterlesen »
Elon Musk says he ‘never’ wanted to deceive Tesla shareholders, takes swipe at short sellersTesla Inc. Chief Executive Elon Musk is now under cross-examination from his attorney Alex Spiro, saying late Monday that he had “never” tried to deceive...
Weiterlesen »
Elon Musk: Google’s Alphabet had ‘standing interest’ in buying TeslaGoogle’s parent Alphabet Inc. had a “standing interest” in buying Tesla Inc. Chief Executive Elon Musk said in court Monday, referring to an earlier...
Weiterlesen »