Elon Musk News

Latest News and Information About Elon Musk

  • Home
  • Features
  • Summary
  • Shop Now
  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • Pinterest
  • LinkedIn
One investor claims that Elon M Musk’s reign of Tesla, Twitter and SpaceX CEO could be “entering the final game”

One investor claims that Elon M Musk’s reign of Tesla, Twitter and SpaceX CEO could be “entering the final game”

April 21, 2023 By Peter Leave a Comment

[TAG0][TAG1]

  • Investor Dan Nathan believes that Elon Musk’s time as CEO of the three prominent companies could be coming to an end.
  • Nathan pointed out Musk's debt mountain from his takeover of Twitter, as well the pressures faced by Tesla.
  • Nathan said, "He may be nearing the end of his career as the CEO of all these companies."

Investor Dan Nathan believes that Elon Musk could be leaving Tesla, Twitter and SpaceX soon.

The tech mogul, the second richest person in the world, is under increasing pressure to sell his Tesla stock. This could force him into some hard realities when it comes to juggling all of his capital-intensive and high-leverage side businesses.

Nathan, in an interview with CNBC Thursday, pointed out the mountains of debt Musk used for his Twitter purchase. Musk purchased the social media company last year for $44 billion with a combination bank financing and the cash raised by selling Tesla stock over the course of the next few years.

Twitter's value may be half of what Musk paid for it. Analysts say that the chaos caused by Musk's takeover and Twitter's financial situation has damaged Musk's image. It could even cost him his CEO position at some firms, Nathan warned.

He said: "He has all these banks on his back for the debt he cannot service, based on Twitter’s business. To me, this might be the endgame for him, being CEO of so many companies, and having such a high level of leverage."

Tesla stock is soaring higher in 2023, after a poor performance last year. This year, the stock has gained only 33%. That's down from gains as high as 70% in previous years. Nathan expects even greater losses for this stock, which is "broken."

He predicted that shares would soon fall below $100, but his ultimate price goal is $69 per share. This implies a 58% drop from Friday's close of $163.58.

The fundamentals have changed. "Not a single analyst has downgraded the stock," he said. He was referring to Wall Street reaction after Tesla reported lower profit margins as a result of its price reductions on key models.

Over the next 3 to 6 months, they will downgrade this stock. I am just telling you. Then you're faced with a situation in which, "Who knows if this man will be running the company in a not so distant future?"

He then cited demand issues for Tesla, especially from China, that are weighing down on key metrics of the EV maker’s business.

"Earnings and margin estimates are going down. Delivery estimates are also coming down. Backlog is decreasing. And inventory is increasing." Does that sound to you like a positive fundamental situation?

Original article available on Business Insider

—————————————————————————————————————————————
By: jsor@insider.com (Jennifer Sor)
Title: Why one investor says Elon Musk’s reign as CEO of Tesla, Twitter, and SpaceX may be ‘entering the end game’
Sourced From: markets.businessinsider.com/news/stocks/elon-musk-tesla-stock-price-twitter-debt-spacex-dan-nathan-2023-4
Published Date: Fri, 21 Apr 2023 20:28:27 +0000

Related posts:

Elon Musk said he was open to the idea that Silicon Valley Bank could be bought, but a Tesla investor told him “no thanks”. Tesla investor and trans-child Elon Musk challenged Musk on his pronoun usages Top Tesla investor is feeling remorse for selling his stock and believes Elon Musk has ‘killed’ the EV business with stock sales Tesla investor seeking to rein in Elon Musk, says he has support by the 3rd-largest shareholder individual for a board seat

Filed Under: Summary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

OptinMonster

Popular Posts

Ukrainian Soldiers Struggle with Grief on the Front Lines, Says Psychiatrist

Ukrainian soldiers are facing the harsh reality of setting aside their … [Read More...]

Elon Musk Leaves Audience Speechless on DONALD TRUMP!

Elon Musk has enjoyed a long career in the field of innovation. He started … [Read More...]

Elon’s former righthand man, Elon Musk, is making EVs affordable by recycling used batteries.

Redwood Materials employees dismantling a battery module.Redwood … [Read More...]

About · Contact Us · Privacy · Terms · Get Started
Copyright © 2025 · ElonCam.Com