Kasturi’s political ambitions have been involved in investors as the sales of auto company have declined in the second quarter.
Tesla’s shares are confused after CEO Elon Musc announces the plan Start a new American political party During the struggle with US President Donald Trump’s long -term associate.
Electric automaker’s shares are 7 percent below 12 o’clock in New York (16:00 GMT) on Monday. Kasturi announces his plans on Friday to start a new political party after disagreement with the President Tax law signed the law On the same day. Trump has called the idea “ridiculous”.
Kasturi’s announcement has led to further concerns over the analysis of Automacher’s sales about his dedication. Reject In the second quarter due to the political involvement of Kasturi.
Trump-Musc Conflict weighs on investors
“In simple terms, Kasturi is deeply drowning in politics, and now trying to establish a beltway, he wants Tesla investors/stakeholders to take this important period for the Tesla story,” said Dan Ev, an analyst of Vedbash Securities. “Although the original musk supporters will return to the train at every turn, there is a widespread feeling of fatigue from many Tesla investors on the way to the Kasturi political path.”
“After leaving the Trump Administration and Doge (the US Government Efficiency Department), the Tesla shareholders and the big supporters of the name have recently received their biggest wealth. Kasturi. This concession has been very short and now this latest announcement has taken turns for worse.”
Last week, Trump had threatened to reduce the subsidy of billions of dollars from the federal government after the uproar in social media conflicts everywhere in June.
“I and every other Tesla will prefer to stay away from the business of investor politics. The sooner the distraction can be removed and Tesla will return to the real business,” Shon Campbel, a consultant to Camalthorn Investment, Tesla’s shares, told the Reuters News Agency.
In the event of a current loss, the Tesla will lose more than $ 80 billion in the market evaluation, while the merchants will be earning about $ 1.4 billion in paper profits from their small positions in Tesla’s shares on Monday.
The latest movement of Kasturi raises questions around the Tesla board action. In May, the Robin Denholom chair rejected in the Wall Street Journal report, saying that the members of the board wanted to change.
On the board of Tesla, who has been criticized for observing his fighter, headquarters for the headline, it is a problem to manage five other companies and his personal political ambitions.
“The Board of Directors has reduced the same type – if they refuse to reduce these activities, the Chief Executive Officer will remove the Chief Executive Officer,” said Ann Lipton, a professor and business expert at the University of Colorado Law School University.
The shares of the company and the future of the world are seen as the richest man in the world, which is significant in Tesla stock. According to the London Stock Exchange Group (LSG) statistics, he is the largest shareholder of Tesla.
Lipton continued, “Tesla board is a lot of supin; they have not taken any action to force the musk to limit its outdoor activities, and now it is difficult to imagine that they will start,” Lipton further said.
X corporation, formerly Twitter and SpaceX – other companies connected to the musk are not publicly traded.
