Tesla investor: Elon Musk is working more for Trump and less for Tesla
Published On Dec 30, 2024, 10:44 AM
A prominent investor in Tesla, Ross Gerber, has expressed concern that Elon Musk is focusing more on his political aspirations and connections with Donald Trump than on effectively managing Tesla. Despite the perception that Musk is no longer running the company in a conventional sense, shares of Tesla rose significantly after the election. However, Gerber warns that unless Tesla's new executive team can deliver on expectations, the stock may face downward pressure given its high valuation.
Stock Forecasts
TSLA
Negative
Elon Musk's political involvement could detract from his leadership at Tesla, impacting execution and ultimately investor confidence. If the company fails to meet operational goals or if investor sentiment shifts due to political dynamics, the stock could decline.
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