The third largest individual Tesla shareholder, KoGuan Leo, advised the company to buy back TSLA shares with its free cash flow. KoGuan believes that Tesla can buy back its undervalued stocks while investing in FSD, the Optimus, and more gigafactories. He argued that the Fremont Factory, Giga Shanghai, Giga Texas, and Giga Berlin were like […]
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ARK Invest found Cathie Wood called Tesla’s removal from the S&P’s Environment, Social & Governance Index “ridiculous” after the automaker was not included on the list due to “a decline in criteria-level scores” in low-carbon strategies and its “codes of business conduct.” On Wednesday, Tesla was removed from the S&P’s ESG Index after a standard […]
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Wedbush analyst Dan Ives opted to lower his price target for American electric vehicle maker Tesla from his previous $1,400 per share to a still-optimistic but more conservative $1,000 per share. Ives cited headwinds in China as a driver for his updated estimates. The analyst noted that the current lockdowns in Shanghai are an “epic […]
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Tesla whale and billionaire Leo KoGuan, who is estimated to be one of the electric vehicle maker’s largest individual shareholders, has called on the company to announce a $15 billion buyback. KoGuan shared his suggestions through a tweet to Martin Viecha, Tesla’s senior director of investor relations. In his post, KoGuan noted that Tesla should […]
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Elon Musk recently saw over $12 billion wiped off his net worth following TSLA stock’s recent drop and the S&P Global Ratings’ decision to boot Tesla from its ESG index. Musk’s decline in net worth also comes amidst his announcement that he would no longer be voting for a Democratic candidate in the next elections. […]
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The S&P 500 (Environmental, Social and Governance) ESG Index has been rebalanced, and American electric vehicle maker Tesla has been taken off the list. The announcement was made by the S&P Dow Jones Indices in a blog post on Tuesday. The S&P 500 ESG Index is a broad-based, market-cap-weighted index designed to measure the performance of […]
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Elon Musk’s $44 billion acquisition of Twitter may be on its way to being terminated, according to Wedbush analysts. Following Tesla’s brutal beating in the market over the past several weeks since the deal was announced, analyst Dan Ives believes Musk’s concern for Twitter bots, which caused the CEO to announce the deal was “on […]
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Tesla CEO Elon Musk is looking to eliminate margin loans by raising more equity and preferred financing for his $44 billion Twitter buyout. The termination of a margin loan, which is leveraged against shares of Tesla stock that are in his name, would be less risk for both Musk and lenders. According to Bloomberg, who cited […]
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Tesla’s (NASDAQ: TSLA) growth story has leaned on the potential of autonomous, self-driving vehicles revolutionizing the way everyday transportation is performed. While Tesla has developed its Autopilot and Full Self-Driving suites with relative success in the past several years, Morgan Stanley analysts are not convinced that autonomous driving programs will continue to fuel the automaker’s […]
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Elon Musk is expected to assume the role of Twitter CEO at least temporarily after his $44 billion acquisition of the social media platform is complete, sources said. As a result of the news, Tesla shares (NASDAQ: TSLA) dropped nearly 7 percent based on Musk’s commitment to Twitter, which could become a distraction from his […]
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