Tag Archives: Musk

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

[unable to retrieve full-text content]Cathie Wood talks Tesla, Elon Musk, & spot bitcoin ETF approval  Yahoo Finance Source link

[unable to retrieve full-text content]Musk justified poaching a Google scientist to a ‘betrayed’ Larry Page  Business Insider Source link

[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

[unable to retrieve full-text content]Musk says he’ll launch AI platform to challenge Microsoft, Google  The Hill Source link

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

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

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

Tesla (TSLA) CEO Elon Musk took the witness stand on Friday to defend his 2018 Twitter posts against a group of Tesla shareholders. The shareholders hope to persuade jurors that the posts — specifically the one where Musk tweeted “funding secured” to take Tesla private — were false and therefore violated securities laws. “The tweets are truthful — just simply short,” Musk said on the stand Friday in response to the shareholders’ lawyer who questioned whether Twitter’s character… Source link

The jury selection process in the trial to determine if one of Elon Musk’s infamous tweets violated U.S. securities laws kicked off on Tuesday. The trial comes after Tesla’s shareholders sued Musk and Tesla’s board of directors in 2018, alleging that Musk illegally posted on Twitter that funding had been secured to privatize the electric vehicle company. Musk’s post, the shareholders say, artificially manipulated Tesla’s stock price. “Am considering taking Tesla private at $420…. Source link