Big Short Famed Danny Moses Tells Investors To Stay Way From Tesla
Danny Moses, who got his fame from the Big Short, has come up with a suggestion for stock market investors. This time, he is suggesting people stay away from Tesla stock. He believes that the personal brand of Elon Musk is deteriorating, and his involvement in Twitter is making things even more difficult.
The current market cap of the electric car maker is still around $500 billion. But according to Danny, the fundamentals of Tesla still don't justify such a big valuation. According to him, a big reason behind the high Tesla prices was due to the personal brand of Elon Musk. And since the last few months, that brand has been hit hard.
Elon Musk Is In Deep Trouble
The recent news comes only a few months after Elon Musk declared himself the new CEO of Twitter. In an attempt to bring Twitter out of loss, he has tried a lot of things, such as firing a part of the company's workforce, changing policies, and so on.
But the biggest problem of all is Musk's decision to periodically sell Tesla shares. He is using the proceeds from these transactions to manage the finances of Twitter.
In short, Elon Musk is taking money out of one company and putting it in the other. Somehow, he has managed to even bring Tesla into trouble which is the scary part. I mean, what would happen if he could no longer get money from Tesla to finance Twitter?
However, Elon Musk is very serious about fixing Twitter, and he is even willing to put Tesla on the line. Recently, he has even vowed to sleep in the company's headquarters until Twitter is fixed.
Looking ahead, the year 2023 is already looking dim from an economic point of view... There are talks of a possible recession as well as economic pressures, which could make things even more difficult for Tesla.