Elon is urging his staff not to sell Tesla after announcing that Tesla will build 5,000 Optimus robots in 2025.
He has been try to make promising announcements of late to stem the fall in the stock price. He even got Commerce Secretary Lutnick to spruik his stock openly on Fox and got his firm Cantor Fitzgerald to place a Buy recommendation on the stock. Can you believe that- its like our Minister coming out in the open to tell the public to buy a specific stock. Another tell tale sign that these guys are all together looking after their own interests.
While we know that corporate insiders/management have been unloading en mass and detractors have been on a shorting spree while analysts have been bearish based on deteriorating fundamentals amidst very elevated PE (>90x).
But it looks like there are more detractors than advocates on the Tesla stock, with many European pension funds still contemplating whether to emulate their Norweigian peer in liquidating their long term position.
