Reported 1 day ago
An analyst from Oppenheimer has labeled Elon Musk's attempt to acquire OpenAI as a distraction for Tesla, especially as the company faces increasing competition and declining sales. The CEO of OpenAI rejected Musk's $97.4 billion offer, prompting Musk to criticize him publicly. Analysts warn that Musk's political activities and contentious image may further negatively impact Tesla's market performance and consumer appeal, as sales figures continue to drop in key markets like Europe and China.
Source: YAHOO