Tesla Bear Says Elon Musk Has 'Mentally Checked Out' Of EV Giant Long Ago, But Will Stay Back For This Reason
Portfolio Pulse from Shanthi Rexaline
Analysts express concerns about Elon Musk's continued involvement with Tesla, Inc. (NASDAQ:TSLA) amid shareholder voting on his 2018 compensation package. Bearish analyst Gordon Johnson claims Musk has mentally checked out of Tesla but will stay to support his other ventures. JPMorgan analysts clarify Musk's desire for 25% voting control to ensure proper AI governance. They also note that Tesla's robotaxi opportunity is years away from generating material revenue.
June 12, 2024 | 12:20 pm
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Analysts express concerns about Elon Musk's continued involvement with Tesla, Inc. (NASDAQ:TSLA) amid shareholder voting on his 2018 compensation package. Bearish analyst Gordon Johnson claims Musk has mentally checked out of Tesla but will stay to support his other ventures. JPMorgan analysts clarify Musk's desire for 25% voting control to ensure proper AI governance. They also note that Tesla's robotaxi opportunity is years away from generating material revenue.
The news highlights concerns about Elon Musk's commitment to Tesla and his use of the company to support other ventures, which could negatively impact investor sentiment. Additionally, the delay in robotaxi revenue generation adds to the bearish outlook.
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