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FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.
We are going again here. This week, many Tesla shareholders had to be the first thought in their first thought, because Elon Musk returned to the political karm, announcing the intention to start a third party until his opponent.
It has been led by a group of Tesla shareholders for a moonlight for deduned Donald Trump management for less than two months call Their CEO for dedication to its work for at least 40 hours a week and deleted 7 percent from the stock price on Monday. Musk was unemployed. O tell An analytical offering the board should close the time to “close” at work.
But at once Tesla Sagging faces sales and assembly competition, anxiety arises and activists call the company board to re-consider the company board again. Financial compression raised a question on the critical investment of the carmaker: in a heavy incision in the last quarter, the free cash flow was still in the previous three years, only a quarter average.
The company was considered by the lens of the stock price, but Tesla’s shareholders seem to be a little reason to feel blue. It is true that after Trump’s re-election, the euphoria that popularizes shares. However, since the election, it has been still above the market, 15 percent. Tesla’s market cover is still the rest of the automotive industry, only 2 percent of the global car sales.
Musk effect still supports Tesla’s market cover. Shareholders who popularize the stock price are not classified today, not electric car business, which is the company’s bread and butter.
For example, Morgan Stanley, Tesla’s car business is less than a fifth of the company’s potential. Most of the rest depend on cars achieved in full autonomy: after that, they will use it once to manage robotaxic networks, programs and services in programs and services, and use the company’s customers.
Full autonomy lasted for a long time. Nine years, Musk first put Robotaxi plans. But he knows how to survive the futuristic vision and makes it just to deliver it. For example, this week, it promised to enter the Tesla Vehicles, which is a large language model from GroK, promised to enter the Tesla vehicles soon, when artificial intelligence changes the experience in robot cars, the taste of things will come.
Can anyone convince investors to stop skepticism for so long? The giant musk award in Tesla’s shares is an extreme version of the founder of the Silicon Valley, which only has a new idea of the founder’s founder (musk, became a member of the wooden structure and board, although the musk was in the real structure of a investor).
More salt rubbed the wounds of joint stock activists this week vulnerability Tesla could not meet the legal requirement to carry the annual joint stock meeting on time. The event will be about four months later in November.
Nick, Nell’s response to the management and Tesla’s response to the board, this is the mine of Nell, it has been a disrespect for normal corporate transparency: “It’s really a self-supported corner. The requirements are very clear.”
Musk, Tesla’s shareholders said that after his plans for his third party, he said he would give the company more. However, there are other things to do to admit the concerns of the investor’s concerns of the Tesla. Tesla’s executive poles would work with her to work with him to prepare a long-term consistency plan last week, as well as to prepare a long-term sequence plan.
The other, the Delaware Court would be the confusion resulting from the rejection of the $ 56 billion exchange rate compensation plan. There are musk notier If no more ownership share is given, Tesla may lose interest.
Who knows, maybe the directors of Tesla were able to organize the annual meetings in the future. Probably never do, although their next time it prevents his shareholders, and the next time it will face an idea that has nothing to do with electric cars.
