Musk's personality is impacting Tesla's share price: analyst
Oak Associates Co-CIO, Robert Stimpson, breaks down how Elon Musk's actions are impacting Tesla's share price.
You can watch the full interview here.
00:06: On the stock's volatility
00:12: Tesla's product vs. valuation
00:39: Elon Musk acting as a distraction
Video Transcript
ROBERT STIMPSON: Well, you know Tesla has a great product, a great car. But the stock has been very volatile, and Elon's personality is affecting its share price. So while the underlying product is good, you know, the high valuation as well as some significant changes in the competitive environment over the last two years-- I think every major automaker now has a lineup of EVs available, and Tesla is no longer, you know, the best option for some people.
So given the changes in the competitive landscape, the tech-- the stock's been under pressure. Elon's been a little bit of a distraction. And as a result, it may not ever receive the premium fan base or valuation that it had enjoyed previously.
