Elon Musk’s ‘ongoing public belligerence’ could lead to disaster, financial analysts warn
The US Securities and Exchange Commission could end up removing Elon Musk from the top job at Tesla, analysts from JP Morgan have claimed.
Musk’s problems with the SEC started when he published a tweet in which he said Telsa would be taken public at $420 a share, allegedly JP Morgan said ‘another slap on the wrist appears unlikely’ due to the billionaire’s ‘ongoing public belligerence’ with the SEC.It’s feared the billionaire will get more than just a stern telling off from the US financial watchdog ‘Tesla remains a story of vision, steered, for better or for worse, by Elon Musk.’
The global equities head of a firm which owns 7.7% of Tesla recently said the company could survive the demotion of Musk. suggesting he could work as ‘chief idealogue’ instead.
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