Hyperdrive

Here’s What Analysts Are Saying After Elon Musk’s Latest U-Turn

Jeff Osborne, senior research analyst at Cowen & Co., says Tesla’s risk profile has risen.Daybreak: Americas." (Source: Bloomberg)

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By Esha Dey

August 27, 2018 at 1:15 PM UTC

Updated on

August 27, 2018 at 4:18 PM UTC

This article is for subscribers only.

All that drama for nothing.

After almost three weeks of fever-pitched excitement around Elon Musk’s plan to take Tesla Inc. private, the spectacle came to an abrupt halt late Friday as the CEO and founder said the electric vehicle maker had decided to remain public after all. Shares of the company fell as much as 4.3 percent in New York, but may extend declines as investors try to sort out the confusion.