Guess Paper of Class 12th
Even if the share price is subject "to a lot of emotional elements... Tesla will be by my best guess the most valuable company in the world in less than five years," a defiant Musk told a forum on Twitter this month.
Blaming problems on "macroeconomic conditions" and high interest rates, Musk said he "can't say enough good things" about Tesla, asking his listeners to ignore his misadventures at Twitter where the mercurial CEO has captured headlines since taking over in October.
But to some analysts, the problems at Tesla are more serious and unrelated to Twitter -- mainly because the days where it was the sole player on the electric vehicle market are over.
The new year "is shaping up to be a 'reset' year for the EV market" with supply flooding the market, analyst Adam Jonas of Morgan Stanley said in a note.
"There are hurdles to overcome," added Jonas -- citing increasing competition and a worsening economy, with living costs sent soaring by inflation.
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