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How has Tesla performed recently and what are shareholders concerned about before its AGM?

How has Tesla performed recently and what are shareholders concerned about before its AGM?
Asked by
Peter Kimani categorie-icon time-icon1 week ago
1 Answer Answer Question

Lillian McKenna
Answered time-icon7 d ago

Tesla Inc. (NASDAQ:TSLA) stock recently rallied higher as investors expressed confidence in the company ahead of its annual general meeting, which is set to take place on 11th June.

Most shareholders are worried that Tesla has fallen back to its loss-making ways having posted back to back profits in Q3 and Q4 2018 before reporting a loss in Q1 2019.

Investors and analysts alike will be waiting to receive updates on Elon Musk’s plan to return the automaker to profitability in the second half of this year as promised during the last earnings call.

However, Musk is known to set very tough targets for the company each year, only to disappoint investors as the company fails to meet them, which has caused the electric car maker's stock to fluctuate wildly in the past.

The company also has to deal with Musk’s unpredictable behavior in public, including the famous tweets that caused him to be fined by the US Securities and Exchange Commission (SEC) amid claims that he was depressed.

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