![]() ![]() And this week we're talking all things Tesla. I'm Rachelle Akufo, alongside Brad Smith. Why it matters for your investments? And how it could unfold in the coming days, weeks, and months? ![]() Welcome to "What Just Happened," Yahoo Finance's deep dive into the story dominating the news agenda. Add to that an aging fleet of cars, a host of competitors, and the lion's share of profits coming from the most uncertain of economies.Īre investors in Tesla just spinning their wheels? Was the strategy only good when the stock went to the moon? Is the party over? We look at the future for one of the world's most groundbreaking companies. Tesla and its leader now facing a firefight, a distracted chief executive, a tricky relationship with regulators, the allure of celebrity status. The only person to ever lose $200 billion in a year. Now it's the target of short sellers, activist investors, and angry owners worried they aren't getting a fair shake.Īnother key investor was also dumping the stock, Musk himself. ![]() Tesla was at the heart of it all.įor some, the original meme stock pumped up by investor fervor, Musk aficionados and Green Climate advocates the world over. Leveraging the electric vehicle maker's astronomical valuation to send the rest of us into orbit with SpaceX. Going from the Ironman inspiring techno-king to Chief twit and a social media agitator to rival the best of them. Now the mission is entirely different for Elon Musk, stop the bleeding. When shares topped out at just shy of $410 in November of 2021, he was still riding the crest of the wave. Few companies owe as much to one individual, even fewer are as entirely at their mercy. Since its public listing almost 12 years ago, Tesla has built one of the most recognizable brands on the planet. RACHELLE AKUFO: More than a car, more than a business, more than one man. Yahoo Finance's Rachelle Akuffo and Brad Smith introduce this week's "What Just Happened" topic on Tesla stock and break down how shares of the EV maker are trading today and throughout 2022. ![]()
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