Reported about 1 month ago
Elon Musk's decision to campaign with former President Donald Trump is described as a significant error for Tesla, according to Ram Ahluwalia, CEO of Lumida Wealth Management. He argues that Musk's endorsement could associate Tesla's stock performance with the Trump campaign's fortunes, which may deter retail investors. Ahluwalia highlights ongoing challenges for Tesla, including competition from new EV players and ongoing delivery issues, which could lead to a decline in stock value if not addressed.
Source: YAHOO