Elon Musk : Can He Turnaround Tesla, Twitter and Spacex

Elon Musk in the News over Tesla, Twitter, and SpaceX 

• This has been particularly a rough week for the richest person in the world, Elon Musk, amid various issues in his different companies.
• Tesla’s stock price is dropping, and there are internal issues at the company that isn’t helping.

Elon Musk and Tesla?

• Tesla’s stock dropped 6% last week and has lost almost half its value since peaking in November.
• Tesla vehicles accounted for nearly 70% of reported crashes involving advanced driver-assist systems since last June.
• Tesla hiked prices for all car models in the U.S. this week amid supply chain issues and rising inflation.
• Musk also announced plans to cut 10% of Tesla’s workforce amid current economic uncertainty. 

Elon Musk and SpaceX?

• SpaceX fired a group of employees who circulated an internal letter calling Musk a “distraction and embarrassment.
• The regulator has issued a list of more than 75 environmental mitigation actions for SpaceX.
• Musk’s first meeting with Twitter staffers did not go as planned as employees still had concerns over the future outlook.
• Elon Musk, SpaceX, and Tesla were sued for $258 billion for the alleged Dogecoin Pyramid Scheme.

Elon Musk's Stocks: Analysts Cautious!

• Analysts remain bullish on the stock but have lowered the target price to $1,000 amid current uncertainties.
• Brokerages like UBS, Goldman Sachs, and Jefferies have maintained a ‘Buy’ call on the stock.

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