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Morgan Stanley: investor sentiment towards Tesla is deteriorating


November, 30 2022
watermark Economic news

Analysts from Morgan Stanley believe that the attitude of investors towards Tesla is gradually deteriorating against the background of how the head of Tesla, Elon Musk, manages the social network Twitter. 


Analysts conducted a survey according to which many respondents consider Musk's leadership methods to be a complete fiasco. And this can also explain the decline in Tesla stock prices. However, it should be noted that this decline is a good opportunity to buy on a drawdown if Tesla shares fall to $150 in a «bearish scenario».  


As you know, Musk recently took over the post of director of Twitter, but at the same time he has already disappointed many with his ambiguous decisions: a series of dismissals and hires, strict policies towards various social minorities, etc. In addition, Musk allowed controversial figures to return to the social media platform (for example, Donald Trump's account was unblocked). 


Experts believe that Musk's leadership contributed to the deterioration of sentiment towards Tesla shares and may lead to further unfavorable distortion of the fundamentals of electric car manufacturers.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.