important news for all Tesla stock owners it might be time to sell hear what experts say in today's video welcome to trade daily where we break down all the best stock market news like And subscribe to keep up to date with the stock market and I really hope you enjoy this video a key analyst lowered the price target for Tesla stock this Thursday meanwhile scrutiny of Elon Musk has racked up since he took over Twitter the President Joe Biden suggesting Wednesday the foreign investment in musk's Twitter


purchase was worth being looked at wed wish analyst Daniel Ives who has long been bullish on Tesla lowered the firm's price target for Tesla stock from 300 to 250 dollars this reflects a lower multiple associated with the musk overhang that gets worse by the day Ides wrote sitting on top of the peak of the mountain with Tesla in a massive position of strength musk has managed to do what the Bears have unsuccessfully tried for years Ives wrote crushed Tesla is stalked by his own doing in what we


view as a purely painful dark situation Tesla stocks slipped two percent early before spiking 7.4 percent to 190.67 following inflation data in Thursday's market trading shares fell 7.2 percent to 177.59 Wednesday undercutting 2021 lows Shares are down more than 40 percent on the year according to Market Smith analysis Elon must disclose Tuesday evening that he had sold shares worth 4 billion dollars in the first two weeks of November coming after he completed his four to four billion dollars Twitter


deal stock has a composite rating of 44 out of 99 shares as a dismal 15 relative strength rating the EPS rating for Tesla stock is 7-5 shares and could also be following along with other China exposed stocks in the wake of stepped up covid lockdowns there in an attempt to woo customers in China Tesla brought back an insurance subsidy Tuesday for vehicles purchased through year end this followed a price cut in late October as the EV giant tries to boost demand amid soaring production in China musk took over Twitter on October 28th


the Tesla CEO slash roughly half of the social media site staff while tweeting frequently about his plans in politics musk has also responded personally to customer complaints and suggestions Ives said Thursday there are real concerns that musk is distracted from running Tesla the analyst added there are worries he could be hurting his image which could spill over to Tesla's brand Tesla stock has shed around 25 percent since october.28 this is a pivotal few months ahead as the Twitter circus show


is slowly starting to impact the pristine Evie brand of Tesla and this could impact demand down the road in this EV arms race Ives wrote [Music] and just before we continue we're giving away a 50 Amazon gift card every single day you just need to subscribe to the channel like this video and get the Bell on also comment at love trade daily to lock in your entry winners will be contacted privately good luck now let's not waste another second and get right back into the video [Music] the wed wish analyst added it is a dark


comedy show with Twitter and that musk has essentially tarnished the Tesla story slash stock and is starting to potentially impact the Tesla brand with this ongoing Twitter train wreck disaster Twitter users have complained a lot about Elon musk's early moves after taking control of the social network but their complaints seem tiny compared with what Tesla Inc investors have had to suffer as the US focused on election returns Tuesday evening Tesla chief executive must try to slip through disclosure of his long-awaited stock


sales revealing that he had sold nearly 4 billion dollars of Tesla stock in the previous three trading sessions musk did not publicly address the stock sales more his intentions to sell more within 24 hours of the disclosure even while tweeting roughly 20 times in that period sales fueled a further downturn in shares of the electric vehicle maker on Wednesday when the stock fell 7.2 percent to 177.59 its lowest closing price since November 2020. Tesla is currently down 49.6 on the year which would be Far and


Away the worst year yet for the stock the previous record annual decline was 2016 when it felt 11 percent the problems for Tesla investors go far beyond musk selling its stocks so that he could overpay for a company with limited growth prospects and a host of other problems but the poor Optics certainly start there he sold caviar to buy a two slice of pizza since then Ives and wed Bush Securities analyst Ives was one of several on Wall Street to predict musk would need to sell more shares to either close a gap in his


financing of the 44 billion dollars deal to buy the social media company or provide additional operating funds in a telephone conversation Wednesday he said the Twitter move is a nightmare that just won't end for Tesla investors one reason it isn't ending is that must need for cash in relation to Twitter is not done with the recent sales pretending more in the future must set in a tweet late last week that Twitter had a massive drop in Revenue due to activists pressuring advertisers to pull their ads


and he will have to continue paying the employees he did not lay off while servicing a debt load that analysts have estimated will cost him one billion dollars a year much more than Twitter has cleared and profit in the past two years Twitter reported a net loss of 221 million dollars in 2021 and a net loss of 1.13 billion dollars for 2020. the first two weeks of ownership have been a Friday the 13th horror show I've said adding that the verification plan and mass layoffs of 50 of employees and


then trying to hire some of the engineers developers and cyber Security Experts was really stupid and according to CNBC the first two weeks of ownership have been a Friday the 13th horror show I've said adding that the verification plan and mass layoffs of 50 percent of employees and then trying to hire some of the engineers developers and cyber Security Experts was really stupid and according to CNBC musk has also pulled more than 50 Tesla Engineers many from the autopilot team to work at Twitter but it's consistent


with how this thing has been handled I've said adding that musk is way over his skis with the Twitter acquisition amid all the chaos of his first two weeks running Twitter how much time has musk had to run as other companies musk was already splitting his Tesla time SpaceX the boring company neurolink and many other endeavors and now he has taken on the gargantuan task of turning his social media company that has never been highly profitable nor valuable into something worth the 44 billion dollars


he paid the effort I've said has tarnished his brand which in turn has a big risk of hurting Tesla many investors have bought into the Tesla story because they believe musk is a genius and they back his vision of electrifying the automotive industry Twitter does not meld into that Vision except as a platform to spot his opinions vitriol and promote more wacky Concepts since must began his quest to buy the company he has endured more criticism than ever before with even some fans starting to throw shade or question his


decisions investor Gary black managing partner of the future fund LLC for example pointed out that Tesla's top Engineers should not be running Twitter where the news was getting worse Tesla is not a company that can just run itself at this point musk has claimed he did not want to be chief executive but that there was no one else to take over the car company which is why he has served as CEO for years it's not clear though how much effort he actually has made at trying to recruit someone now as


Tesla faces its usual multitude of issues he is all spending his time trying to turn Twitter into a payments company or maybe a subscription company or maybe an everything app or whatever he comes up with tomorrow musk needs to look in the mirror and end this constant Merry-Go-Round of Twitter overhang on the Tesla story with his Focus back on The Golden Child Tesla which needs his time more than ever given the soft macro production slash delivery issues in China and EV competition increasing from all corners


of the globe Ives wrote in a note Wednesday in which he reiterated and outperformed rating on Tesla stock on Thursday after this column was originally published Ives took Tesla off wed wishes best new ideas list he wrote that the near-term view of the stock is increasingly becoming more challenged citing the ongoing Twitter train wreck disaster for Twitter to reach anywhere close to the valuation must pay for it it's going to need a ton of attention from a focused leader but how it must be that leader and give Tesla the attention


it deserves the answer is he cannot and is very likely to give the attention that Tesla needs to Twitter instead after committing four to four billion dollars to that endeavor Tesla investors will be left staring at the Sea of red that this year has wrought and wondering if its leader is about to sell more shares to fund his other effort but one expert who continues to believe in Elon is Kathy Wood but if she heard what President Joe Biden said when asked to comment on Elon Musk even she might jump ship find out


what happened in this video here and thanks for watching and don't forget this is news not investment advice and with that we've come to the end of the video I'd like to give a huge shout out to anyone who's made it this far I hope you enjoyed the video I'd also like to make it clear that this is a news and entertainment video not investment advice you should always do your own research and speak to a financial advisor before making any Investments thank you all so much for your support


don't forget to like And subscribe for the chance to win up to twenty thousand dollars in Amazon gift cards and we'll see you in the next video foreign if you want more crazy trade news how about this video we did