Tesla Investors Growing Restless, Angry

December 13, 2022

Wall Street Journal:

The chorus of Tesla Inc. TSLA -4.09%decrease; red down pointing triangle individual investors expressing misgivings that Chief Executive Elon Musk‘s involvement with Twitter Inc. may be to the detriment of the electric-vehicle maker is getting louder, with the car company’s stock on track for its worst full-year performance.  

“There is no TSLA CEO today,” Gary Black, managing partner of the Future Fund LLC, which owns roughly $50 million worth of Tesla, tweeted Monday. 

Mr. Black voiced frustration after another sharp selloff in Tesla’s stock Monday. Shares in the world’s largest car company by market value fell more than 6% in Monday trading after a tumultuous weekend for Mr. Musk on Twitter, including the billionaire taking aim at the company’s former head of trust and safety; calling for the prosecution of top U.S. government medical adviser Anthony Fauci; and criticizing people who offer their pronouns without being asked.

Mr. Black said, “The market voted today that the $TSLA brand has been negatively impacted by the Twitter drama. Where before EV buyers were proud to drive their Teslas to their friends or show off Teslas in their driveways, now the Twitter controversy is hurting Tesla’s brand equity.”


5 Responses to “Tesla Investors Growing Restless, Angry”

  1. jimbills Says:

    Two recent takes from Electrek:

    Tesla is becoming a partisan brand, says survey

    Elon Musk: ‘I will make sure Tesla (TSLA) shareholders benefit from Twitter long-term’ – but how?

  2. renewableguy Says:

    I have been thinking its time to kick Musk out of Tesla. The same path as Steve Jobs getting kicked out of Apple.

  3. rhymeswithgoalie Says:

    I had to look up $TSLAQ.

    TSLAQ (pronounced “Tesla Q”) is a loose, international collective of largely anonymous short-sellers, skeptics, and researchers who openly criticize Tesla, Inc. and its CEO, Elon Musk. The group primarily organizes on Twitter, often using the $TSLAQ cashtag, and Reddit to coordinate efforts and share news, opinions, and analysis about the company and its stock.”

    I wouldn’t generally trust any group that includes a bunch of short sellers. Independent of what’s really happening, short-sellers are too motivated to trash a company to be considered a reliable source. I see them as the flip side of Tesla/Musk fanboys.

  4. Ron Benenati Says:

    Seems the new Semi truck release could be a big boost for Tesla .
    The “release” presentation – impressive for the truck if it can deliver what they claim.. Musk, on the other hand, looked like he was unraveling.

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