Tesla is in uncharted territory now that it appears to have shed its aura of invincibility. Punters find themselves in the dark about the stock's outlook, with Morgan Stanley telling clients the price could just as easily triple to $800 in the coming months as it could drop to $200.
Late last month, Simon Hale landed in hot water with his compliance department at Wellington Altus Private Wealth. Due to the sharp rally in Tesla, his holdings of the EV giant had become too valuable relative to the portfolio managed.
“That’s no problem any more,” Hale glumly told fellow investors during an online discussion last week. The stock, beaten down over the past fortnight, had just plunged a further 15% in one session, solving his quandary without the portfolio manager ever having to lift a finger.
CEO Elon Musk’s attempt to replicate Argentine president Javier Milei by cutting government spending with a chainsaw has sparked a wave of outcry across the United States.
Late last month, Simon Hale landed in hot water with his compliance department at Wellington Altus Private Wealth. Due to the sharp rally in Tesla, his holdings of the EV giant had become too valuable relative to the portfolio managed.
“That’s no problem any more,” Hale glumly told fellow investors during an online discussion last week. The stock, beaten down over the past fortnight, had just plunged a further 15% in one session, solving his quandary without the portfolio manager ever having to lift a finger.
CEO Elon Musk’s attempt to replicate Argentine president Javier Milei by cutting government spending with a chainsaw has sparked a wave of outcry across the United States.
2 months ago
