Politics and Government
Source : (remove) : Quartz
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Politics and Government
Source : (remove) : Quartz
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Tesla's biggest fan on Wall Street says worries over Elon Musk's politics are overblown


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Published in Politics and Government on by Quartz   Print publication without navigation

Tesla (TSLA) stock was booming as 2024 came to a close, hitting a new all-time high and closing at more than $420 per share. Now sales are getting slammed in Europe and those gains have been all but erased,

The article from MSN discusses how Tesla's biggest Wall Street supporter, Dan Ives from Wedbush Securities, dismisses concerns about Elon Musk's political views affecting Tesla's stock value. Despite Musk's controversial political statements and actions, Ives argues that these are overblown and not reflective of Tesla's business fundamentals. He points out that Tesla's stock has been resilient, with a significant year-to-date increase, and emphasizes that investors are more focused on Tesla's innovation, production capabilities, and market expansion rather than Musk's personal political stances. Ives also highlights Tesla's upcoming product announcements and the company's potential in AI and autonomous driving technology as key drivers for future growth, suggesting that Musk's political activities are largely irrelevant to Tesla's operational success.

Read the Full Quartz Article at:
[ https://www.msn.com/en-us/money/other/tesla-s-biggest-fan-on-wall-street-says-worries-over-elon-musk-s-politics-are-overblown/ar-AA1AsKme ]

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