![]() "Ultimately, you're alienating 50% of the population for someone who is selling products to the masses," he said. That could pose a real risk for Tesla sales, especially as rival automakers are rolling out their own EVs and trying to grab part of Tesla's market share, Ives pointed out. They want to be proud as hell to drive them - not embarrassed.- Gary Black December 14, 2022 Customers don’t want their cars to be controversial. He will realize soon (if not already) that his polarizing political views are hurting customer perceptions of $TSLA EVs. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, should be prosecuted, although he did not specify is a brllliant business leader. And Musk himself has courted controversy and condemnation with some of his recent tweets, such as a viral post on Sunday that simultaneously made fun of pronoun usage while indicating that he believes Dr. Researchers have tracked a massive spike in hate speech since Musk's takeover. Musk's dedication to "free speech" prompted changes at the company such as reinstating formerly banned accounts, like those belonging to former President Donald Trump and far-right Republican lawmaker Marjorie Taylor Greene. ![]() Other issues are emerging with Musk's ownership of Twitter that extend beyond investor anxieties over the CEO's stock sales. "That has been a massive overhang on Tesla's stock." Tarnished brand? "One of investors' bigger concerns is that Musk is using Tesla as an ATM machine," Ives said. But he also needed to tap his greatest source of wealth to fund the company - Tesla stock. But clinching that deal wasn't cheap, with Ives estimating that Musk's $44 billion purchase price for Twitter represented a $20 billion overpayment.ĭue to the steep price for Twitter, Musk has had to slash costs dramatically at the social media network, cutting more than half the company's staff. Twitter presented a path for Musk to achieve that goal, as he had been especially critical of the social-media company's content moderation standards. What Tesla BOD should do, do nothing? Elon will find his own successor under BOD independent supervision - KoGuan Leo December 14, 2022 Tesla needs and deserves to have working full time CEO Tesla closed at $850, down just over 2% for the day on Tuesday, before Musk's insider sales worth nearly $7 billion were made public through SEC filings.Elon abandoned Tesla and Tesla has no working CEO Tesla shares were trading nearly flat after-hours on the news. If the Twitter deal doesn't happen, he will consider creating his own social platform, X.com, he added. He also said he would buy some of his shares back if he doesn't have to go through with the Twitter acquisition. In early May, Musk had lined up equity financing from 19 different partners including Saudi Arabia's Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Qatari Holding, venture firms Sequoia, DFJ growth fund, Vy Capital, and the cryptocurrency exchange Binance. Musk did not specify which equity partners he feared would abandon plans to finance a Twitter take-private transaction with him. In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock." On Tuesday, after Musk's latest stock sales were revealed, Tesla fans and promoters asked the celebrity CEO if he was done selling shares in the electric vehicle business, and if he might buy shares back in the future.Īsked if he was done selling Tesla shares, Musk replied: "Yes. Twitter has sued to ensure the Musk deal goes through for the promised price, which would represent a windfall for many of its shareholders. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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