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X @The Economist
The Economist· 2025-07-13 06:20
How people feel about a brand affects their behaviour. This matters, and managers should know how to get it right https://t.co/bRQgvn22s6 ...
Elon Musk Says To ‘Hang On' To Sliding Tesla Stock In ‘Needed' All-Hands Meeting
Forbes· 2025-03-21 13:41
Core Insights - Elon Musk held a livestreamed all-hands meeting for Tesla employees, encouraging them to retain their stock despite a significant decline in share value, which has dropped 51% since December [1][2] - Musk acknowledged the current challenges facing Tesla, describing the situation as "stormy weather" and referencing negative media coverage and protests against the company [1][2] - The meeting was Musk's first major appearance since the January earnings call, coinciding with calls from analysts for him to take a more active role in addressing the company's issues [2] Company Performance - Tesla's stock has experienced volatility, with a 4% loss anticipated for the week, marking its ninth consecutive week of losses [2] - Despite the broader market decline, Tesla shares rose over 1% following Musk's meeting, indicating a potential positive response from investors [2] Leadership and Responsibilities - Musk described his current workload as overwhelming, stating he has "like 17 jobs" and is "stretched pretty thin" due to his various roles, including leadership positions in SpaceX, xAI, and the social media platform X [3] - His involvement in the White House's Department of Government Efficiency has drawn criticism and may be impacting Tesla's brand perception and sales [3] Financial Impact - Musk's net worth has decreased by nearly $140 billion from its peak in December, with his current fortune estimated at $328 billion, primarily driven by SpaceX rather than Tesla for the first time since 2019 [4]
Tesla Stock Slumps Again As Another Firm Warns Of Elon Musk-Led Firm's ‘Sales Woes'
Forbes· 2025-03-17 19:33
Core Viewpoint - Tesla's stock has faced significant pressure, declining nearly 5% to $238 per share, despite a broader market recovery, indicating ongoing challenges for the electric vehicle maker [1][2]. Group 1: Stock Performance - Tesla shares dropped nearly 5% to $238, marking the lowest end-of-week level since the week before the election [1]. - The stock is down 41% year-to-date, making it the second-worst performer among S&P companies [6]. - Despite the recent decline, Tesla stock is still up 7% from the previous Monday [7]. Group 2: Analyst Forecasts - Mizuho analysts lowered their price target for Tesla shares by $85 to $430 and reduced their 2025 vehicle delivery forecast from 2.3 million to 1.8 million, a cut of over 20% [3]. - Other major firms like Goldman Sachs, JPMorgan, and UBS have also slashed their delivery forecasts for Tesla [6]. Group 3: Sales Performance - Tesla's U.S. sales fell 2% year-over-year, while the broader EV market grew by 16% [5]. - Sales in China plummeted 49%, despite an 85% increase in overall EV sales in the country [5]. - In Germany, Tesla's sales dropped 76%, while the EV market expanded by 31% [5]. Group 4: Brand Perception and Competition - Analysts attribute Tesla's sales challenges to weakening brand perception in the U.S. and EU, deteriorating geopolitics, and increasing competition from domestic EV firms in China [4]. - A CNN poll indicated that 53% of respondents hold a negative opinion of Elon Musk, contrasting with 35% who view him positively [6].