Tesla removed from broker's top ideas over Twitter 'fiasco'
Tesla Inc. stock TSLA, -7.17% was removed from Wedbush's Best Ideas list on Thursday, with analyst Dan Ives citing the overhang from Chief Executive's entanglement with Twitter Inc. twtr. "In what has been a dark comedy show with Twitter, Musk has essentially tarnished the Tesla story/stock and is starting to potentially impact the Tesla brand with this ongoing Twitter train wreck disaster," Ives wrote in a note to clients.
" Tesla IS Musk, Ives wrote, and it has made him the richest man in the world. Tesla is the golden child of his empire, and he's changed the auto world much in the way that Apple's AAPL, -3.32% iPhone changed phones. But now he has managed to do what short sellers tried and failed -- to crush Tesla's stock despite the EV company being in a position of strength.
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