Gary Black Highlights Why Musk’s Leadership Still Anchors Tesla’s Valuation

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Gary ****** Highlights Why Musk’s Leadership Still Anchors Tesla’s Valuation

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

After a news report claimed that Tesla Inc. (NASDAQ:

This is the hidden content, please

• Sign In
• or
• Sign Up

) was looking to replace CEO Elon Musk, a longtime Tesla bull dismissed the idea, calling the likelihood of such a move extremely low.

What Happened: On Thursday night, Gary ******, the managing partner at The Future Fund LLC, and a Tesla bull for years, addressed speculation about Musk’s potential ouster in a post on X, dismissing concerns regarding the board seeking his replacement.

In his post, ****** said if Musk stepped down as CEO but stayed on as a Chief Technology Officer or a Chief Product Officer, Tesla’s stock could drop 5% to 10%. A complete departure, he warned, could trigger a 20% to 25% decline, wiping out nearly $220 billion in shareholder value.

Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —

This is the hidden content, please

• Sign In
• or
• Sign Up

******’s post highlights the extent to which Musk still anchors Tesla’s $880 billion market cap, a key reason why he believes the “odds are low” that the board chooses someone to replace him.

The noted fund manager posted this on X, with screenshots of

This is the hidden content, please

• Sign In
• or
• Sign Up

on Musk’s possible replacements based on prediction markets.

The post came just hours after Musk himself addressed the rumors, blasting The Wall Street Journal’s report as an “extremely bad breach of ethics” and a “deliberately false article.”

See Also: Maximize saving for your retirement and cut down on taxes:

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Why It Matters: Another long-time Tesla bull, Dan Ives, of Wedbush Securities, said on Thursday that he believes Musk will remain as CEO of Tesla for at least the next five years, while also adding that this might have been the board’s warning shot.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Gary #****** #Highlights #Musks #Leadership #Anchors #Teslas #Valuation

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/