Tesla: Back In The Game With Musk Re-Engaged

Jun. 16, 2024 10:00 AM ETTesla, Inc. (TSLA) Stock, TSLA:CA Stock242 Comments


  • CEO Elon Musk got his 2018 pay package re-approved after a Delaware court blocked the $56 billion pay package, contributing to the stock weakness.
  • Musk shifting focus to AI investments away from Tesla caused concern among investors.
  • ARK Invest is bullish on Tesla, raising the price target to $2,600 by 2029 based on the robotaxi opportunity, though a more logical goal is $500+.
  • TSLA stock isn't cheap based on normal financial measures, but the company has multiple shots at trillion-dollar businesses to warrant the risk of overpaying here.
  • Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More »

Tesla Signage at Delivery Front Entrance


Tesla Inc. (NASDAQ:TSLA) had a rough year in part due to the shareholder battle with their CEO over his previously approved pay package. Whether fair or not, Elon Musk appeared less engaged with Tesla following the Delaware court

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Stone Fox Capital (aka Mark Holder) is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 10 years as a portfolio manager.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TSLA over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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