Tesla Investors Mock Elon Musk's Comments About Rivian: 'RJ Doesn't Sleep At The Factory…'
Portfolio Pulse from Anan Ashraf
Tesla investors Gary Black and Ross Gerber mocked CEO Elon Musk's comments on Rivian Automotive, showing optimism for Rivian's future despite Musk's bankruptcy predictions. Black predicts Rivian could achieve significant deliveries and EBITDA by 2030, with shares potentially worth $67 each. Musk had suggested Rivian executives need to spend more time at the factory to avoid bankruptcy, emphasizing the challenges of volume production and positive cash flow in the automotive industry.
March 09, 2024 | 8:18 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tesla investors' mockery of Musk's comments and optimism for Rivian could reflect on Tesla's leadership perception and potentially its stock.
While the investors' comments directly mock Musk's stance on Rivian, it indirectly raises questions about Tesla's leadership and strategic direction. However, the impact on Tesla's stock price in the short term is likely to be minimal as the company's performance and broader market trends play a more significant role.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Optimism from notable investors Gary Black and Ross Gerber could positively influence Rivian's stock, despite Elon Musk's bankruptcy predictions.
The positive outlook and predictions from investors Gary Black and Ross Gerber, especially the potential for Rivian's shares to significantly increase in value by 2030, could instill confidence in Rivian's stock among investors. Despite Musk's negative comments, the backing by these investors highlights the potential they see in Rivian, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90