Additional Coverage:
- Tesla investors don’t seem to trust Elon Musk like they used to. Is that because of Twitter? (newsbreak.com)
Tesla Investors Question Elon Musk’s Promises
Tesla CEO Elon Musk has been making bold promises about self-driving vehicles, but investors are skeptical. Despite Musk’s track record of ambitious announcements, investors are concerned about the challenges of scaling up autonomous technology and Musk’s history of delayed or failed promises.
Musk’s Twitter Purchase Raises Doubts
Some investors believe that Musk’s erratic behavior at Twitter has eroded trust in his leadership at Tesla. Musk’s involvement in controversies and his focus on the social media platform have raised questions about his ability to effectively manage both companies.
Tesla Stock Underperforms
Since Musk acquired Twitter, Tesla’s stock performance has lagged behind the broader market. This suggests that investors are factoring in concerns about Musk’s divided attention and the potential impact on Tesla’s operations.
Undervaluation Argument
Despite these concerns, some investors believe that Tesla’s stock is undervalued. They argue that Musk’s vision for autonomous vehicles could revolutionize the transportation industry, creating a vast new market for Tesla. However, the realization of this vision remains uncertain.
Investors Becoming Less Forgiving
While Tesla investors were once willing to overlook Musk’s missed deadlines, they now seem less forgiving. Musk’s recent failures at Twitter appear to have cast doubt on his reliability and the ability of Tesla to meet its ambitious goals.