Tesla: Is Elon Musk actually bad for EV maker's business?

02/12/2024 23:31
Tesla: Is Elon Musk actually bad for EV maker's business?

Tesla (TSLA) CEO Elon Musk has been ordered by a California judge to comply with a SEC subpoena regarding Musk’s 2022 purchase of X.com, the social media platform formerly known as Twitter. The tech exec has made headlines recently for challenges to his exorbitant pay package and other controversies — are Musk's actions as of late impacting Tesla's general investor appeal? ROTH Capital Partners Senior Research Analyst Craig Irwin and Columbia Law School Professor Eric Talley join Yahoo Finance Live to weigh in on Musk’s relationship with Tesla's stock as the EV environment faces challenges. The EV giant’s competitive edge, according to Irwin, has “eroded” due to minimal technological innovation and various other factors. Irwin sees the Tesla stock as a “hopes and dreams stock.” Furthermore, Talley views Musk’s “antics” as a “distraction” that could have been avoided if Musk had followed advice from the company’s board. "Musk is Tesla," insists Irwin who does not see any possibility of Musk being removed as CEO. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim

Tesla (TSLA) CEO Elon Musk has been ordered by a California judge to comply with a SEC subpoena regarding Musk’s 2022 purchase of X.com, the social media platform formerly known as Twitter. The tech exec has made headlines recently for challenges to his exorbitant pay package and other controversies — are Musk's actions as of late impacting Tesla's general investor appeal?

ROTH Capital Partners Senior Research Analyst Craig Irwin and Columbia Law School Professor Eric Talley join Yahoo Finance Live to weigh in on Musk’s relationship with Tesla's stock as the EV environment faces challenges.

The EV giant’s competitive edge, according to Irwin, has “eroded” due to minimal technological innovation and various other factors. Irwin sees the Tesla stock as a “hopes and dreams stock.” Furthermore, Talley views Musk’s “antics” as a “distraction” that could have been avoided if Musk had followed advice from the company’s board.

"Musk is Tesla," insists Irwin who does not see any possibility of Musk being removed as CEO.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Eyek Ntekim

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