• Thu. Feb 15th, 2024

News Eyeo

All Important News

Could Elon Musk be negatively impacting EV maker’s business?

ByEditor

Feb 12, 2024

Tesla (TSLA) CEO Elon Musk has been ordered by a California judge to comply with a SEC subpoena regarding his 2022 purchase of X.com, the social media platform formerly known as Twitter. The tech exec has recently made headlines for challenges to his exorbitant pay package and other controversies, raising questions about whether Musk’s recent actions are impacting Tesla’s general investor appeal.

ROTH Capital Partners Senior Research Analyst Craig Irwin and Columbia Law School Professor Eric Talley joined Yahoo Finance Live to share their perspectives on Musk’s relationship with Tesla’s stock in the face of challenges in the EV environment.

According to Irwin, the EV giant’s competitive edge has “eroded” due to minimal technological innovation and various other factors. He sees the Tesla stock as a “hopes and dreams stock.” Talley views Musk’s “antics” as a “distraction” that could have been avoided if Musk had followed advice from the company’s board.

Irwin insists that “Musk is Tesla” and does not see any possibility of Musk being removed as CEO.

For more expert insight and the latest market action, you can watch the full episode of Yahoo Finance Live.

Editor’s note: This article was written by Eyek Ntekim.

By Editor

Leave a Reply