Elon Musk’s exit as CEO means a 25 % decrease in the price of Tesla: Gary Black highlights why the Musk driving still connects the Tesla – Tesla (Nasdaq: TSLA) evaluation
After a news report he claimed Tesla Inc. Timing He was looking to replace the CEO Elon MuskTesla’s bull has long rejected the idea, and called for the possibility of such a very low step.
What happened: Thursday night, Gary BlackAdministrative partner in Future Fund LLCAnd the treatment of the Tesla bull for years, speculation about the possible overthrow of Musk in a post on X, and they rejected concerns about the council that he seeks to replace.
In his post, Black said if Musk stepped as an executive president, but he remained a senior technology official or a senior product, so Tesla shares can decrease by 5 % to 10 %. He warned that full departure may lead to a 20 % decrease to 25 %, giving approximately $ 220 billion of shareholders ’value.
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The Black Publisher highlights the range that MUSK is still based on the roof of the Tesla market of $ 880 billion, which is the main reason behind his belief that “the possibilities are low” that the council chooses for someone to replace it.
This famous fund manager posted on X, with screenshots from Benzenga report On the potential Musk alternatives based on the prediction markets.
This position came a few hours after Mousk addresses himself about the rumors, and a bombing Wall Street MagazineThe “report” as “a” very bad violation of morals “and” deliberate false article “.
Why do it matter: Other Tesla has long ago, Dan EveTo Securities WedbushHe said on Thursday that he believed that Musk will remain as CEO of Tesla at least in the next five years, with an addition that this may have been a shot to warn the Board of Directors.
Musk, a serial businessman, is not strange to Friction in the workplace The exits are not available, with many of these cases throughout his career.
Price work: Tesla shares ended on Thursday by 0.58 %, and now decrease by 1.06 % after hours, partly due to rumors and doubts surrounding the change of driving.
The number of shares ranges on momentum and quality according to the Benzinga Edge stock classifications, which are favorable in terms of short and long conditions, but they are not favorable in the medium term. For more ideas, subscribe to Benzinga Edge.
Compliment image: Shutterstock.com
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