Elon Musk Poses 'Top Risk' To Tesla, Says EV Expert: 'Such An Unpredictable Person'
Portfolio Pulse from Benzinga Neuro
A recent survey revealed that 26% of global contributors identified Elon Musk's unpredictable behavior as a key risk for Tesla Inc. (NASDAQ:TSLA). Tesla is also facing increased competition in the EV market, with rivals like China's BYD Co. gaining momentum. 63% of the survey respondents expect Tesla to continue lowering prices to capture higher volumes, potentially impacting its profit margin.
July 17, 2023 | 9:27 am
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Elon Musk's unpredictable behavior and increased competition in the EV market are seen as risks for Tesla. There are also expectations of Tesla lowering prices, which could impact its profit margin.
The unpredictable behavior of Elon Musk, Tesla's CEO, is seen as a risk by 26% of global contributors. Increased competition in the EV market, particularly from China's BYD Co., is another concern. Furthermore, if Tesla continues to lower prices to capture higher volumes, it could negatively impact its profit margin.
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