Tesla stock had its best percentage gain in two months Wednesday, but some prominent Wall Street analysts are starting to sour on Elon Musk’s company.
President Donald Trump and Elon Musk appeared outside of the White House together so Trump could look at Teslas to purchase.
He claims the carmaker will be the most valuable AI company in the world thanks to the reams of video data collected by its cars. Is that really a competitive advantage?
Plunging Tesla shares in February shaved tens of billions off Elon Musk’s fortune. And Mark Zuckerberg became the world’s second richest person.
Robyn Denholm, who’s led the board since 2018, made $168 million in the past year exercising stock options in the company, including sales worth $43 million last week.
Earnings were weaker than expected, the near-term outlook is murky, EV sales are down, and Elon Musk is more distracted than ever before. But with a phalanx of loyal shareholders and a cowed board he’s not going anywhere.
A new $350 billion value for SpaceX helped to lift Musk’s net worth to a historic high—more than for any billionaire Forbes has ever tracked.
The judge said Monday Tesla’s request for the court to “flip its decision” after the shareholders voted in favor of the package went “against multiple strains of settled law.”
Since Trump’s election win, Tesla stock is up 40%, making Musk almost $100 billion richer than any other person.
Trump praised Elon Musk as a “super genius” for his support throughout his campaign.