Adrian Weckler: There’s no logic to Tesla’s share price – and if Elon Musk exits, what happens then?

Technology

Elon Musk. Photo: Getty

Is Elon Musk’s tenure at Tesla at risk? According to a report in the Wall Street Journal, it may be. The Rupert Murdoch-owned newspaper published a story claiming that Tesla’s board had tentatively begun searching for a new CEO.

Tesla’s most recent quarterly financial figures were disastrous. Car sales were down 13pc, with profit falling off a cliff — down 71pc. The share price is down 25pc so far this year (although up on six months ago).

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