The Uncertain Future of Elon Musk's Reign at Tesla, Twitter, and SpaceX.
TL;DR Summary
Investor Dan Nathan suggests that Elon Musk's reign as CEO of Tesla, Twitter, and SpaceX may be coming to an end due to mounting pressures on Tesla stock and Musk's highly leveraged side businesses. Nathan points to Musk's mountain of debt from his Twitter takeover, which could cost him his CEO role at some of these firms. Nathan also sees much steeper losses ahead for Tesla stock, which he described as "broken," and forecasts shares could soon dip below $100 each, with an ultimate price target of $69 a share, implying a downside of 58% from Friday's closing price of $163.58.
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