Elon Musk 'Rejuvenated' At Tesla, According To Analyst via insideevs.com
“Twitter in our opinion was a distraction for Musk,” Ives wrote, adding that he thought Musk would remain CEO of Tesla for “at least for the next 5 years.”
Ives is a Tesla bull, and he currently has a Buy rating on the stock with a $215 price target. Comparatively, a FactSet survey shows that Tesla’s average price target out of 47 analysts lands at about $191. As for his reiteration of a Buy rating, Ives pointed to Musk’s recent statements at the shareholder’s meeting and updates on future developments.
Musk also announced plans for Tesla to begin advertising at the meeting, coming at a time when some are concerned about cooling electric vehicle demand and increasing competition from traditional automakers and startups alike. The company’s shareholders also voted to approve every proposal that Tesla endorsed, including the nomination of former executive JB Straubel to the board of directors.
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