Let's keep this going
Sign up today to receive our daily news briefs featuring a handful of the most important stories in business, tech, and life. Delivered weekdays and Sunday.
The Wall Street Journal divided Tesla shareholders into two “warring camps” that are responsible for sending trading volumes skyward.
Share prices are up 22% in the first few weeks of 2020 alone, and the company’s market value is now north of $90B — more than GM and Ford combined. But not everyone is sold:
One investor’s take: Bob Browne, chief investment officer for Northern Trust Asset Management, told the Journal that he decided not to dive into the fray.
“Investors are diametrically opposed when it comes to Tesla,” he said. “You have to be careful before jumping into that gunfight.”
Allegations that Tesla vehicles may suddenly accelerate on their own. CNBC reported last week that federal regulators were looking into such complaints.
The investor who flagged the problem is currently shorting Tesla’s stock. Tesla called the investor’s petition “completely false.”
Get news (like this) delivered by email every morning