What should Musk do to make Tesla shares rise
2022.12.30 06:56
What should Musk do to make Tesla shares rise
Budrigannews.com – In view of the previous close of $121.82, Tesla (NASDAQ:) The stock price has fallen more than 65% year-to-date. The lowest level seen since August 2020 is this week’s low of $108.24, which is also the low for Tesla stock in 2022.
This week, a number of sell-side analysts intervened to defend Tesla and highlight a stock-buying opportunity following a significant selloff since August.
Thusly, Wedbush examiners, who brutally reprimanded President Elon Musk recently, shared the main 10 things that Musk needs to do one year from now to assist with further developing the feeling encompassing Tesla stock.
1. By the end of January, name a CEO of Twitter;
2. Eliminate stock sales and the Boy Who Cried Wolf and Pinocchio situation;
3. Given the darker macro, establish conservative delivery and targets for 2023;
4. Refocus your attention on Tesla rather than Twitter;
5. Inform the public that Cybertruck deliveries will commence by the end of 2023;
6. Board of Directors changes with more tech and EV leadership experience;
7. Buybacks, again and again. Declaring a significant stock buyback program is significant/key for the Road’s certainty;
8. Tesla should provide more financial metrics and transparency regarding the margin structure;
9. The more political Musk becomes on Twitter, the less effective he is at selling EVs to the general public; and
10. Spread out the brilliant course of action for Twitter.
After removing Tesla from Wedbush’s “Best Idea” list, the analysts recently decreased their price target for the stock from $250 to $175 per share.
In a note to clients, they wrote, “We remain long-term bullish and Outperform on Tesla although Musk MUST start to change direction here otherwise this situation could get even worse.”
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