The bulls are still, well, bullish, when it comes to Tesla stock, but the rest of Wall Street seems increasingly nervous and that’s cost the EV maker fully half of its market capitalization since reaching a mid-December, post-election high. And one man appears to catch most of the blame: CEO Elon Musk. More from Headlight.News.
With sales falling sharply, the first quarter of 2024 was an “unmitigated disaster,” according to one of Tesla’s big boosters. Now, one of the automaker’s big critics is warning the company could “go bust.”
Sometimes you can’t wait for the day to end, and that’s probably the case for Tesla investors who watched the stock stumble since the automaker delivered a weak third-quarter earnings report, sending shares tumbling for two days in a row. Among those hardest hit, CEO Elon Musk whose own holdings have now lost more than $20 billion in value.