Will Tesla Shares Rally If Musk Steps Down From Twitter?

MarketBeat.com – MarketBeat

One company that’s been in the headlines lately is Elon Musk’s “other” company Tesla, Inc. (NASDAQ: TSLA). The stock is down 57.35% so far this year, with many analysts attributing at least part of the decline to Musk being distracted with his purchase of Twitter. 

Investors and even politicians are taking notice. 

To some degree, Tesla’s downward trajectory has paralleled the broader auto industry. Still, it’s inescapably true that Tesla’s performance is worse than established automakers such as General Motors Company (NYSE: GM) or Ford Motor Company (NYSE: F), or even some rival EV makers such as China’s BYD Company Limited (OTCMKTS:

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Here’s how the 49ers’ defense stacks up against franchise history

Tampa Bay Buccaneers starting quarterback Tom Brady (12) talks to San Francisco 49ers’ Nick Bosa (97) after the 49ers 35-7...

CVS, Walgreens limit purchases of children’s pain-relief medicine

By Deidre McPhillips | CNNIncreased demand has led CVS and Walgreens to limit purchases of children’s pain-relief medicine, the companies confirmed to CNN on...

Elon Musk narrows voting on Twitter policy to ‘Blue’ members after poll favored new leadership

By Vlad Savov | BloombergTwitter Inc. will restrict voting on major policy decisions to paying Twitter Blue subscribers, company owner Elon Musk said in...