Wall Street analysts covering Tesla are concerned that Chief Executive Elon Musk is being distracted from running the $484 billion electric-vehicle maker by his role running the social-media service Twitter.
Tesla Inc. shares closed lower than $150 for the first time in more than two years Monday, after analysts said they are concerned that Chief Executive Elon Musk is being distracted from running the $484 billion electric-vehicle maker as he also runs the social-media service Twitter.
For more: Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO “While we continue to see Tesla evolving EV and autonomous technology in advance of peers and driving costs to levels those peers will struggle to match—and have tried to separate Elon Musk’s non-Tesla endeavors from our analysis on TSLA—we believe Mr. Musk’s acquisition and subsequent management of Twitter now make that separation untenable,” Rusch said.
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