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Tesla stock keeps dropping at an uncontrollable rate and its CEO Elon Musk doesn't seem to care in this video we'll be discussing Tesla's future and what this could mean for the stock price you're watching trade daily like And subscribe for more daily Tesla stock market news Elon must push back on criticism from one of Tesla Incas most vocal supporters amid growing concern about the chief executive officer's ability to manage Twitter Inc and his other businesses the billionaire who has seen his fortune

shrink in line with Tesla's market capitalization posted a tweet mocking Ross Gerber CEO of Gerber Kawasaki wealth management after the longtime investor tweeted about a perceived lack of leadership at the electric vehicle maker and set its time for a shake-up that marked a change from the days when Tesla's stock was soaring higher in fans like Gerber praise must managerial chops establishing the company as the early Global EV marker leader musk reply by asking Gerber for his great ideas for Tesla and its board and

telling him to go back and read your old Securities analysis 101 textbook Gerber had previously tweeted on Deck 16 he notified Tesla's board that he wants to run for a seat other investors including Leo kobuan one of Tesla's largest individual shareholders also have called for governance changes the Discord comes as Tesla's stock is down more than 60 since the start of the Year driving its valuation below the half trillion dollar Mark for the first time since November 2020. musk has sold

nearly 40 billion dollars worth of Tesla stock since late last year with much of echoing to fund his purchase of Twitter despite repeatedly saying he would stop selling down his stake the sales plus the depression in Tesla's share price have been enough to knock musk off the top spot of the Bloomer of billionaires index Tesla shares fell 8.1 percent Tuesday to more than a two-year low of 137.80 when asked via email for his thoughts on having gotten musk's attention Gerber replied I'd like it

Tesla falls on growing angst over musk's focus on Twitter shares of Tesla Inc fell nearly six percent on Tuesday after a string of brokerages cut their price Targets on the electric vehicle Maker's stock citing the risk from Elon musk's Twitter distraction Tesla's shares hit a more than two-year low of 140.86 dollars analysts say investors are worried that must may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV Maker's brand evercore

isi would slash its price Target on the company's shares to 200 from 300 said investors fear damage to the Tesla brand Capital markets also cut its price Target to 177 dollars from two hundred forty dollars citing a higher risk profile from the Twitter distraction Tesla shares which have lost nearly 60 percent of their value so far this year close down 0.2 percent on Monday as Twitter users voted decisively in a poll for must to step down as chief executive of the social media platform analysts to Oppenheimer downgraded

Tesla's shares on Monday the price Target Cuts come ahead of Tesla's quarterly deliveries report expected in early January amid weakening demand in China they will lower the company's delivery estimate by 5 for 2023 and forecast an 8 reduction in Revenue per unit year over year musk has said Tesla targets 50 growth in delivery volumes annually however the electric vehicle maker said it will miss the target this year due to Logistics issues China's passenger vehicle sales fell for the first time in six months in

November and are expected to stay flat next year China passenger car Association said even with its price Target cut evercore isi still thinks shares have fallen too far Tesla's shares continue to slide today that has sent the stock price plunging by 55 since late September the list of reasons why is long and growing longer today shares were down another 6.5 percent at the lows of the day as of 3 25 pmn that marks the lowest level since early November 2020. Tesla shares have been overvalued for a

long time based on the fundamentals but the promise of its growth rate and potential additional contributors like its battery and energy segment help prop up its stock price shares began retreating this fall when demand questions surfaced in its important Chinese market Tesla has invested to expand production at its Shanghai Factory which many believe is its most profitable those demand questions remain today as the status of kavi 19 infections ultimate effects on the Chinese economy and consumers remain unanswered the

other major overhang has been CEO Elon musk's distraction running Twitter the Tesla brand may be affected by musk's increasingly public and controversial comments on the Social Media Forum today one analyst chimed in slashing its price Target on the stock by one-third evercore isi dropped its estimate on Tesla's shares by 100 per share to 200 reports CNBC but it still represents a gain of more than 40 from today's level it's a major adjustment in the Outlook The Firm said it thinks the company needs to launch a

mass Market low-cost model to EV for the stock to recover the company itself has set a lower cost offering is in the works but hasn't given a timeline it's possible that investors will stop selling shares and the stock will turn around before that for now however some investors fear how low shares could go before any reversal Tesla's dropping share price takes valuation below Exxon mobil's investors have flocked to Big Oil this year while fleeing Elon musk's electric car make a

rising oil prices after Russia's invasion of Ukraine have buoyed energy producers such as Exxon Mobil Tesla's dropping share price takes valuation below Exxon mobil's on Twitter test list dropping share price takes valuation below Exxon mobils on Facebook Tesla's dropping share price takes valuation below Exxon mobils on LinkedIn Save card progress zero percent Derek Brower in New York and Richard Waters in San Francisco an hour ag08 print this page receive free U.S equities updates we'll

send you a my ft daily digest email rounding up the latest U.S equities news every morning Tesla has fallen below Exxon Mobil and stock market value for the first time since 2020 as investors flock back to Big Oil and Fleet Elon musk's electric car maker exxon's shares ended trading on Tuesday with a total market capitalization of more than 439 billion dollars up one percent on the day and about 67 percent higher than at the start of the Year according to s p Global Market intelligence Tesla's market value was 435 billion

dollars down 8 on the day and more than 60 below its level in late October when chief executive Elon Musk completed his 44 billion dollars takeover of social media platform Twitter musco recently lost his position as the world's richest man raised the prospect at the weekend of standing down as Twitter's chief executive burning some relief to Tesla investors worried that he was becoming distracted but analysts continued to warm this week that his involvement in Twitter could cause further damage to Tesla's share price

analysts said that contrasting share performances of the two companies marked a wider stock market rotation away from growth stocks such as Tesla to value-oriented companies such as commodity producers which often draw investors during economic downturns as investors shift back to Value from growth the firms that have been around for over 100 years providing the security you've come to take for granted are once again on top of the markets and Andrew gillick a market strategist at energy consultancy inverse this isn't a blip

Exxon once the world's biggest company by market capitalization endured a brutal 2020 as oil prices crashed in the early months of the pandemic and fossil fuel producers fell out of favor with environmental social and governance focused investors the oil super major recorded its first ever annual loss and was removed from the Dow Jones Industrial Average a year later exxon's management was defeated in a bitter shareholder battle with engine no one and activist hedge fund But Rising crew prices following Russia's invasion

of Ukraine this year have Boyd oil producers Exxon and October announced record quarterly profits and has since unveiled a huge share buyback scheme worries about weakening demand for Tesla's vehicles have been gathering strength since early Autumn although must actions at Twitter have hogged more of the headlines the concern deepened in October when the U.S electric car maker cut its prices in China its second biggest market and the source of nearly a quarter of its Revenue shortening waiting lists for its

vehicles in the U.S have added to the worries analysts to evercore isi warned this week that softened demand could cause Wall Street to shift its focus from growth to profitability at the company potentially putting further dent in a valuation that has relied heavily on the company's Breakneck increases in Revenue to eclipse the rest of the automotive industry most significant sales of Tesla stock to pay for his takeover of Twitter and provide extra cash after the acquisition have also weigh on the

company's shares a 3.6 billion dollar sale last week the second in a month took the Tesla Chiefs total share sales to nearly 40 billion dollars since late last year when he started to sell after a Twitter poll asking whether he should sell in order to pay more tax thanks for watching this video and remember this is news entertainment not investment advice