Tesla Bear Admits Musk's EV Accomplishments Are 'Commendable' But Says He's Caused 'Negative Corrosive Effect' On Society
Portfolio Pulse from Shanthi Rexaline
Gordon Johnson of GLJ Research, a known Tesla bear, acknowledged Elon Musk's significant role in EV adoption despite criticizing his tactics and impact on society. Johnson highlighted Musk's risk-taking with EVs and his influence, but also his tendency to skirt the law and the negative effects of his actions. Tesla is set to deliver 1.8 million units this year, leading among EV makers, and is the most valued automaker globally. Tesla's stock closed down 1.05% at $244.14.
November 30, 2023 | 8:58 am
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NEUTRAL IMPACT
Gordon Johnson's mixed acknowledgment of Musk's role in EVs and criticism of his societal impact may sway investor sentiment. Tesla's strong delivery numbers and valuation are positives, but the stock recently dipped slightly.
Johnson's comments provide a nuanced view that acknowledges Tesla's success but also highlights potential reputational risks associated with Musk's behavior. This could create mixed feelings among investors, leading to a neutral short-term impact on the stock price. The recent dip in stock price may not be directly related to these comments but reflects market sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80