What happens to Tesla if/when Elon Musk steps down
$Tesla(TSLA.US$ Most of my portfolio is right now riding in Tesla. I have 0 concerns with competition and other random issues that pop up (ignorant or not).
But hypothetically, what predictions of teslas stock would you have if Elon Musk decided to completely walk away and give someone else complete responsibility of Tesla.
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Palmyra : He’s the face of Tesla. That’s all i need to say for you to understand and make a conclusion.
Cow Moo-ney : My view is that, the chance of the stock crashing at least 10% is high, but…the chance of Elon walking away from the company in the next 5 years is low
All said, even if the stock crashes, I would think it’s temporary. Just like Apple’s stock dipped when Steve Job resigned and/or passed away. Even then, it didn’t drop by that much
Nalini : He joked about quitting in a tweet and the stock dropped. The precedent has been cast.
Peter1563 : Haha..