Tesla Inc. stock has been dragged down this year by worries that Chief Executive Elon Musk has treated the electric-vehicle maker like "an ATM."
Tesla Inc. stock has lost half its value this year, dragged down by worries that Chief Executive Elon Musk has treated the electric-vehicle maker as “an ATM,” as one Tesla bull recently said.
Yet several on Wall Street view the two-year lows that Tesla can’t seem to shake off as a buying opportunity into a company that has a bright outlook. China demand, production in focus Tesla has denied reports about slower production in China. Recent price cuts, however, in both China and the U.S. point to a demand problem, analysts say.
“Serving a CEO of multiple companies is certainly something that would raise eyebrows,” Goldstein said, speaking in general terms. Tesla board members may also keep an eye on Tesla employees working at Twitter. There may be good business reasons for doing so, and employees may be volunteering their time, but the board might want to check and make sure Tesla resources are used to benefit Tesla or at least not interfere with the business of Tesla, he said.
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