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.
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|Date:||Sep 29, 2018|
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