tl;dr
Elon Musk's recent support of an antisemitic post has drawn criticism from longstanding Tesla shareholders and investors, with concerns about potential impact on the company's valuation and reputation. Some have even called for Musk to be placed on leave by the company's board. Shareholders like ...
Elon Musk's recent support of an antisemitic post has drawn criticism from longstanding Tesla shareholders and investors, with concerns about potential impact on the company's valuation and reputation. Some have even called for Musk to be placed on leave by the company's board.
Shareholders like Gary Black and Jerry Braakman have expressed concerns that Musk's behavior could negatively affect the brand and alienate customers, potentially impacting demand for Tesla vehicles. Additionally, activist investor Kristin Hull has criticized the lack of punitive action from Tesla's board, while longtime supporter Ross Gerber has noted the detrimental impact of Musk's behavior on the company's brand.
Wall Street analysts and investors have also raised questions about Musk's recent behavior, with some expressing concerns about his focus and potential impact on the company's stock performance. Despite a recent drop in Tesla's share price, the company has weathered previous controversies and continues to maintain strong year-over-year growth.
Looking forward, Tesla is scheduled to launch its Cybertruck event at the end of November, but Musk has cautioned about the challenges of reaching volume production and profitability for the electric pickup truck. With growing competition from other EV companies, the fallout from Musk's recent actions could have a lasting impact on Tesla's future.
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Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. The company is also a major installer of solar photovoltaic energy generation systems in the United States. From a financial standpoint, Tesla's manufacturing revenue was $744.82 billion with a profit margin of 30.28%. The stock price was $75.83 with a change of 3.09, and $225.82 with a change of -0.442. Tesla's market sentiment is positive, making them one of the largest global suppliers of battery energy storage systems with 3 GWh of battery storage supplied in 2020.
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Li Auto Inc. is a manufacturer of smart electric sport utility vehicles in China. The company's total revenue is $39101276000, with a net income of $169. Their stock price is $101.73, with a market sentiment of 0.0632, and a market capitalization of $99769106000. However, their stock performance has seen a decrease of -0.17, and their price-to-earnings ratio stands at 2.712.
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