Elon Musk must take 10 steps to bring about a turnaround in Tesla stock in 2023, according to Wedbush analyst Dan Ives.
Shares have tumbled more than 60% in 2022 amid Musk's takeover of Twitter, sales of his Tesla holdings to fund Twitter, the Federal Reserve's rate hikes, and slowing demand. In a Wednesday note, Ives said that while his firm remains bullish on Tesla over the long-term with a price target of $175 over the next 12 months,"MuskHere is his list of to-do's for Musk in 2023: Stop his personal sales of Tesla stock and formally adopt a 10b5-1 plan"so investors know there is no major selling block around the corner as Musk sold roughly $40 billion of TSLA stock the past year."Present investors a more conservative delivery target for Tesla EVs.
Source: Financial Digest (financialdigest.net)
It's not always fun having a company
Ives makes all good points with the exception of the Cyber Truck. The Cyber Truck was a loser from the get go. Pick up truck consumers don't want a fancy weird looking tech machine. They want a a
Yes he should keep doing what he’s doing….sales cannot be denied
not possible, all run against his nature
Wedbush的Dan Ives表示,埃隆·马斯克必须做这10件事才能在2023年扭转特斯拉的股价
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