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Forbes
151 days

Elon Musk Says To ‘Hang On' To Sliding Tesla Stock In ‘Needed' All-Hands Meeting

1. Musk urged Tesla staff to retain their stock amid challenging times. 2. Tesla's stock has fallen 51% since December's peak. 3. Musk acknowledged emotional reactions affecting Tesla's stock valuation. 4. Analysts have lowered price targets amid declining brand perception. 5. Tesla shares unexpectedly rose 1% despite broader market declines.

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FAQ

Why Bearish?

Musk's dual roles and market perception issues suggest ongoing instability for Tesla, resembling historical challenges like the Model 3 production delays which led to significant stock declines.

How important is it?

The implications of Musk's dual commitments and the emotional response of investors are significant for investor confidence.

Why Short Term?

Immediate concerns about Musk's focus and brand perception can cause volatility, similar to past events affecting stock prices rapidly.

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