Tesla investor calls for share buyback after Musk's Twitter deal hurts stocks My Asian Marketplace

Source: myasianmarketplace.com myasianmarketplace.com

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Leo KoGuan, a major individual investor in Tesla, on Thursday called on the electric carmaker to buy back shares, after Tesla stocks took a hit from CEO Elon Musk’s deal to buy Twitter. The comments came as high-profile Tesla bull Daniel Ives, an analyst at Wedbush, on Thursday cut the target share price of Tesla due to China production disruption, and warned of “distraction risks” from Musk’s Twitter deal. Tesla shares lost one third of their value since Musk disclosed his stake in Twitter in early April and sold $8.5 billion worth of Tesla stocks in a move seen to...