Tesla Stock Dives 14% As Investors Urge Musk To Make Deal

/ 4 years ago

elon musk 800x534

Tesla Stock Dives 14% As Investors Urge Musk To Make Deal

Elon Musk is currently facing what could potentially be the biggest challenge he has ever had in business. Earlier this week it was reported how the SEC (security exchange committee) in America had begun legal action against the Tesla head. Following an investigation into the way he conducted himself during the ‘taking Tesla private’ affair, put simply, they want to remove him as head of the company and ban him from running any company.

Pressure will be increased further on him, however, as in a report via the SeattleTimes, since the SEC news broke, the Tesla share price has dived by around 14%.

Pressure Mounting

In fairness, it would appear that many people are losing patience with Elon Musk. He is certainly an interesting figure, but his active engagement in social media has often been very ill-advised. At this point, it’s hard to say whether he’s doing the company more harm than good. With such a huge share price drop, the pressure is going to increase on him either further.

1 min

What Can He Do?

Well, the thing is, the SEC has a very good case against him. It was exceptionally irresponsible of Elon Musk to announce the news of the potential purchase of Tesla (taking it private) on Twitter. In addition, he has given them more than enough ammunition to show his actions have affected the company negatively.

Tesla investors are reportedly urging him to make a deal. Personally, I think it might be the only option he has. He could end up fighting a losing battle here otherwise!

What do you think? – Let us know in the comments!

tesla with elon musk

Topics: , , , , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features

Send this to a friend