Is more control of Tesla by Elon Musk bullish or bearish?
Updated
From 2022 we began to see that electric vehicle adoption was losing some steam in the US and other major markets. EV players like 
TSLA got hit the most unlike Toyota that produced gasoline and hybrids in the same period, which are very quite appealing to consumers. EV demand is expected to slow in 2024.
The excitement about generative AI and robotics will be the tailwind for the EV maker’s potential upside. Musk wants to position the company as an AI investment.
In January, Musk posted on X “ I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.”
From the post, Musk seems to be demanding for more voting control of the EV maker or would rather pursue his Ai projects outside the company. This is coming at a very tough period in the company.
I believe the board would negotiate this properly, considering how important Ai is to its full self-driving project.
Tesla has strived to always be at the vanguard of innovation, Ai would not be an exception. In the coming days Tesla will make great Ai breakthroughs that will
All these spell ‘BULLISH’…
They bears won't last ... .I am a Tesla bull.
If this idea was helpful, like, share and comment below.
TSLA got hit the most unlike Toyota that produced gasoline and hybrids in the same period, which are very quite appealing to consumers. EV demand is expected to slow in 2024. The excitement about generative AI and robotics will be the tailwind for the EV maker’s potential upside. Musk wants to position the company as an AI investment.
In January, Musk posted on X “ I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.”
From the post, Musk seems to be demanding for more voting control of the EV maker or would rather pursue his Ai projects outside the company. This is coming at a very tough period in the company.
I believe the board would negotiate this properly, considering how important Ai is to its full self-driving project.
Tesla has strived to always be at the vanguard of innovation, Ai would not be an exception. In the coming days Tesla will make great Ai breakthroughs that will
All these spell ‘BULLISH’…
They bears won't last ... .I am a Tesla bull.
If this idea was helpful, like, share and comment below.
Trade closed: target reached
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