Printer Friendly

Tesla stock with plenty of downside, Barron's says.

The possibility of Tesla without its founder and CEO, Elon Musk, rattled investors, but the stock could fall further, whether or not the Securities and Exchange Commission succeeds in forcing him out as chairman and CEO, Andrew Bary writes in this week's edition of Barron's. The company remains a story stock with a history of losses whose high valuation relative to other major auto makers has rested on investor confidence in the volatile and charismatic Musk, the publication added, noting that the executive's role at Tesla is uncertain now that SEC is seeking to bar him from serving as an officer and director of a public company.

[Reference Link]:[https://www.barrons.com/articles/with-or-without-elon-musk-tesla-stock-has-plenty-of-downside-1538163439]

COPYRIGHT 2018 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:Sep 29, 2018
Words:115
Previous Article:Trupanion shares appear overvalued, Barron's says.
Next Article:Tesla's Musk settles with SEC, will pay $20M and step down as Chairman.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters