Tesla Shares Sink After Analysts Warn On Model 3 Margins Musk Interview

28

– Tesla Inc’s (TSLA.O) shares slumped 8 percent on Friday after Chief Executive Elon Musk told the New York Times his tweet about taking the company private was not reviewed by anybody, and a brokerage raised doubts about the profitability of the electric carmaker’s Model 3 sedan.

Musk shocked markets last week with a tweet that he was considering taking Tesla private for $420 and that he had secured funding.

The paper also reported that efforts were underway to find a No. 2 executive to help take some of the pressure off Musk, after his tweet drew attention from U.S. regulators and angered the company’s board.




Leave a Reply

Your email address will not be published.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