What's Going On With Tesla Stock Today?
Portfolio Pulse from Adam Eckert
Tesla shares are trading higher, recovering from last week's losses due to weak earnings results. However, the recovery is being limited by new reports of a DOJ probe into the company. The investigations are centered around perks provided to CEO Elon Musk, advertised vehicle range and self-driving capabilities, and potential wrongdoings related to employee selection and treatment.
October 23, 2023 | 6:59 pm
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NEUTRAL IMPACT
Tesla's stock is recovering from last week's losses, but the recovery is being limited by new reports of a DOJ probe into the company. The investigations could potentially have a material adverse impact on Tesla's business.
Tesla's stock is recovering from last week's losses due to weak earnings results. However, the recovery is being limited by new reports of a DOJ probe into the company. The investigations are centered around perks provided to CEO Elon Musk, advertised vehicle range and self-driving capabilities, and potential wrongdoings related to employee selection and treatment. These investigations could potentially have a material adverse impact on Tesla's business, depending on what the government chooses to pursue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100