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“Opening a Can of Worms” – Elon Musk Still Has a Path Toward 20 Percent Voting Control of Tesla

NewsTech

Published:

Reading time: 1 min.

Tesla shares are not partying with the rest of the "Magnificent 7" grouping of high-flying, growth-focused stocks, hammered by the residual fears of persistent demand weakness prompting additional price cuts, which then bleed into the company's all-important gross margin metrics. Consider the fact that the EV giant's shares are down around 13 percent in the first two weeks of 2024. Against this relatively morose backdrop, Elon Musk has now opened a whole new "can of worms" by publicly asking for a 25 percent voting control over Tesla, as per a new investment note from Jeffries. I am uncomfortable growing Tesla […]

Read full article at https://wccftech.com/opening-a-can-of-worms-elon-musk-still-has-a-path-toward-20-percent-voting-control-of-tesla/

WccftechContinue reading/original-link]

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