This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Elon Musk noise machine has been in hyperdrive lately. There’s the Delaware court ruling voiding his pay package as Tesla CEO. The report alleging that Tesla board members felt pressured to take illegal drugs to stay in Musk’s good graces. And the drumbeat of negative analyst chatter from the likes of Daiwa and Piper Sandler this week. Separating noise from… Source link
Read More »Tesla CEO Elon Musk needs to shut up, but not step down: Investor
Shares of Tesla (TSLA) are down over 25% since the start of 2024 amidst declining EV delivery growth. Analysts at Daiwa Capital Markets downgraded Tesla stock to Neutral from Outperform with a price target of $195, down from $245 due to mounting issues with Tesla CEO Elon Musk. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber — a Tesla investor himself — joins Yahoo Finance to discuss Tesla’s performance and how he feels about Musk’s position as CEO. “The cost of Elon’s… Source link
Read More »Cathie Wood talks Tesla, Elon Musk, & spot bitcoin ETF approval – Yahoo Finance
[unable to retrieve full-text content]Cathie Wood talks Tesla, Elon Musk, & spot bitcoin ETF approval Yahoo Finance Source link
Read More »Elon Musk's dad says he's worried the Tesla CEO might be assassinated following a report about his influence on government decisions – Yahoo! Voices
[unable to retrieve full-text content]Elon Musk’s dad says he’s worried the Tesla CEO might be assassinated following a report about his influence on government decisions Yahoo! Voices Source link
Read More »WhatsApp cannot be trusted, says Elon Musk as Google confirms 'issue' in Android app – Times of India
[unable to retrieve full-text content]WhatsApp cannot be trusted, says Elon Musk as Google confirms ‘issue’ in Android app Times of India Source link
Read More »Tesla board directors testify Elon Musk’s 2018 ‘funding secured’ tweet consistent with deal talks
Tesla (TSLA) board members testified on Wednesday that Elon Musk’s 2018 Twitter posts about taking the electric-vehicle company private were consistent with what he related to the board about a potential take-private deal. Outside director James Murdoch, son of film and television titan Rupert Murdoch, took the stand among other former or current board members. The testimony is part of the class-action trial brought by company shareholders who contend they traded Tesla shares to their… Source link
Read More »Tesla board directors testify Elon Musk’s 2018 ‘funding secured’ tweet consistent with deal talks
Tesla (TSLA) board members testified on Wednesday that Elon Musk’s 2018 Twitter posts about taking the electric-vehicle company private were consistent with what he related to the board about a potential take-private deal. Outside director James Murdoch, son of film and television titan Rupert Murdoch, took the stand among other former or current board members. The testimony is part of the class-action trial brought by company shareholders who contend they traded Tesla shares to their… Source link
Read More »Tesla CEO Elon Musk would ‘be silly’ to slash prices again, analyst says
Investors are hoping Tesla’s (TSLA) price-cutting ways have run their course for 2023. “Based on the statement that [Elon Musk] made on the fourth quarter earnings call, saying that his demand is 2x his supply, you’d be silly to cut price,” BofA analyst John Murphy on Yahoo Finance Live (video above). “You would just be eating into your profitability and not achieving any more incremental volume in the near term.” Earlier this month, Tesla cut the Model 3 base version by $3,000 to $43,990. The… Source link
Read More »‘The enemy is inside of Tesla,’ Wall Street analyst warns on Elon Musk
The uber-busy Elon Musk is still a key risk to the successful running of Tesla (TSLA) that investors shouldn’t lose sight of, warned Jefferies analyst Phillippe Houchois. “We have published research many times in the past where we say the enemy is inside of Tesla,” Houchois said on Yahoo Finance Live (video above). “Musk is an incredible driving force, but he is also the one that brings unnecessary risk, in a way, to the situation.” The prickly billionaire reminded investors of that risk at… Source link
Read More »Elon Musk Tells Court Google Had ‘Standing Interest’ in Buying Tesla
Elon Musk said Google had a “standing interest in buying Tesla” in testimony in the securities fraud trial. The Tesla CEO said this helped encourage him to try to secure funds to take the EV maker private. According to a 2015 book, Musk and former Google CEO Larry Page had an $11 billion deal in place for Tesla. … Source link
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