Elon Musk's reign as CEO of Tesla, Twitter, SpaceX near 'end game': Dan Nathan

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Finance Finance Headlines News

Why one investor says Elon Musk's reign as CEO of Tesla, Twitter, and SpaceX may be 'entering the end game'

, analysts say, and it could cost Musk his CEO role at some of these firms, Nathan warned.

Tesla stock has rocketed higher in 2023 after a terrible performance last year. The stock this year so far has gained 33%, but that's actually down considerably from earlier year-to-date gains of as much as 70% — and Nathan sees much steeper losses ahead for the stock, which he described as"broken." "The fundamentals have shifted. Not a single analyst on the Street has downgraded this stock," he said, referring to Wall Street's reaction following Tesla reporting"They will be downgrading this stock lower, I'm just telling you that people, over the next three to six months or so.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla loses $50 billion in value as stock tumbles 8% due to Elon Musk price cutsThe stock was trading at $167, with at least 15 analysts lowering their price targets on Tesla. The firm was set to lose $50 billion in market value. Good job to gain momentum I hope he turns into a pauper These US company values are smoke and mirrors. If you can lose 50 billion in an instant, was it really there in the first place?
Source: nypost - 🏆 91. / 67 Read more »

Tesla stock drops as Elon Musk's price cuts hammer quarterly profitsTesla stock slides 8% as Elon Musk's price cuts eat into quarterly profits It’s fine won’t be going back to Toyota now
Source: BusinessInsider - 🏆 729. / 51 Read more »