- Tesla is in unexplored territory Now that he seems to have lost his invincibility aura. The bettors find themselves in the dark on the perspectives of the stock, with Morgan Stanley Telling customers the price could just as easily triple at $ 800 in the coming months as falling at $ 200.
At the end of last month, Simon Hale landed in hot water with his compliance service at Wellington Altus Private Wealth. Due to the Sharp Sharp rally, its assets of the electric vehicle giant had become too precious compared to the portfolio managed by the institutional investor based in Montreal, and a cup was needed to diversify the risks.
“This is no longer a problem,” Hale said to his colleagues investor during an online discussion last week. The stock, beaten during the fortnight of the last fortnight, had just dive an additional 15% in a single session, resolving his dilemma without the portfolio manager never to lift the finger.
CEO Elon Musk’s attempt to reproduce Argentinian President Javier Milei by cut public expenditure With a chainsaw sparked a wave of outcry in the United States, as is its categorical embrace of the extreme right of Germany AFD party.
Musk is now trying to rally The morale of his troops. But the backlash was so fierce that It is not clear if the stock can recover the infallibility aura it won for the first time after the stratospheric rally of the 2020s, when the CEO could quickly silence doubt with a daring prediction Or two.
This led to the drop in sales, to violent protests, to a small vandalism and even to a pure and simple criminal fire.
In the process, Tesla is now down 9% of the public election day, when she initially launched a furious rally to touch a top of all time in mid-December, and a laminate of 46% since Trump took office.
Musk fans regularly meet on his X Platform to share information on all Tesla things, but lately, these PEP discussions are more like group therapy sessions where small shareholders say why they are right to buy more actions at prices where Board of Directors Directorsincluding the president Robyn Denholmhave already sold a collective $ 100 million recently.
Hale then dropped the boom from listening to others: Jewish investors Press him to sell their Tesla stock.
“They really didn’t like what happened in terms of salvation,” he said. “I hear this again and again rich customers and customers in Europe – that Elon is Support AFD. “”
“Tesla shame” means that this time, the crisis is different
In a way, all of this seems familiar, because Tesla investors have already been here.
After the acquisition of Twitter in October 2022, when the fears persisted that Musk could cover the losses of the social media company by liquidating Tesla’s shares, the price dropped up to $ 100 per share.
A second heavy drop occurred both last year, after it became clear that Tesla was, in fact, a stock of growth that had decree.
However, whenever musk could calm the collective nerves and put a soil under the price.
He first promised that he had finished selling Tesla shares until 2024 (a commitment he guard), while later he accelerated the calendar For the launch of a new entry -level model to respond to investor demands (the jury is there always turned off).
Now there are so much persistent concerns, not to mention a growing feeling of “” “Tesla shame“Among the owners, that there is no easy miracle solution solution.
“Although the concerns around the Tesla brand have been in the minds of investors for three years, this time feels different,” Emmanuel Rosner from Wolfe Research told customers.
Tesla drivers are afraid of leaving their cars unattended
Tesla no longer has this nimbus of infallibility that he acquired during the enthusiasm of the Pandemic Age when all that Musk has done was magic.
At the timeHe even managed to skillfully get around the Semiconductor crunch that the main parts of the automotive industry stop. But now Musk se is the source of the crisis.
Just before Hale took the Mike to compare himself above the dive in the action, the owner and investor of Tesla Herbert NGO admitted in the same online forum as many of her friends in the North West Pacific were nowhesitant to be seen in their vehicle.
“Some of them have said,” I will no longer choose to drive my Cybertruck Downtown Seattle for the moment. They are afraid, ”admitted NGO.
The company did not respond to a request for Fortune for comment.
But it is difficult to see how he can convince new buyers to take the wheel of a Tesla until the current drivers want to leave their car parked unattended to Fear of reprisals.
Tesla shares could be cheap if you zoom in until 2030
The bulls are now a total loss as to the stock management.
Morgan Stanley analyst Adam Jonas literally told customers in a research note last week that, even if she could go up to $ 800 in the next 12 months, he could just as well flow to $ 200.
Instead, the best way to think about Tesla is to zoom. If you look at him on a sufficiently long chronology, it’s cheap, with actions that have only evaluated the 2030 income, insisted Jonas.
However, the analyst on the sale side was to give his customers at least a few strokes on the way he should negotiate while waiting, so he has covered his bets.
“We expect the main engines of the stock will continue to include a large range of forces ranging from advertising, macro, geopolitics, technological, strategic and management,” he wrote. In other words, anything below the gravitational attraction of the earth could move the price.
Emmanuel Rosner de Wolfe argued that he could not be certain of management either in the coming weeks – not because there were too many factors firing on the stock, but rather the opposite: “At this stage, the company is in the middle of a catalyst void.”
“ I do not think it is a great thing to alienate half of the population ”
In the meantime, even the biggest musk fans remove a certain sum of money on the table.
The active director, Ron Baron, continues to believe in the entrepreneur, but he too was forced to sell Tesla last month on the direct demand of his customers.
Now, his business has only two thirds of the actions she originally held, which he bought a decade ago for an average of $ 11 to $ 12.
“Everyone has to face certain customers,” Ron Baron told CNBC, quickly adding that he had not sold his own personal assets.
Although he blames the drop in sales of the recent closure of production, he allowed him the wish that Musk is a “little less visible” in the middle of the controversy.
Between praise, he slipped into a message to the CEO: “I don’t think it’s a great thing to alienate half of the population.”
This story was initially presented on Fortune.com
