Wall Street Slowly Wakes Up to Elon Musk’s Tesla Brand Damage
Analysts have gone from minimizing the CEO’s destructive force, to sounding the alarm.
Protesters holding up signs at a Tesla Takedown rally outside a showroom in Columbus, Ohio, on March 29.
Photographer: Brian Kaiser/BloombergThis article is for subscribers only.
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On March 6, Wedbush Securities added Tesla’s stock to its “best ideas” list. The shares had just closed at $263.45, their lowest in four months, and analyst Daniel Ives reiterated his view that they were headed to $550. “Table pounder here,” Ives wrote for emphasis in the title of his report.