What would happen to Tesla without Elon Musk at the helm? - News Summed Up

What would happen to Tesla without Elon Musk at the helm?


Perhaps no chief executive is more inextricably linked to his company as Elon Musk is to Tesla. The SEC claims Musk misled investors on August 7 when he tweeted he had secured funding to take Tesla private at $420 a share, causing Tesla's stock to soar. Tesla's stock dropped about 14% Friday. Garrett Nelson, an analyst with CFRA, downgraded Tesla's stock to a "sell" rating on Friday. Lenders could be reluctant to throw money at Tesla when the chief executive is facing a potentially lengthy court battle.


Source: CNN September 29, 2018 14:03 UTC



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