How Can Elon Musk Reassure Tesla Investors?
Summary
These developments are the latest signs that Tesla is confronting its toughest stretch in years — and many shareholders aren’t convinced that the company and its C.E.O., Elon Musk, are taking the right steps to address it. It’s all apparently keeping Musk so busy that he canceled a trip to India, during which he was expected to meet with Prime Minister Narendra Modi and announce plans to build a factory there. But his trip comes as Congress is poised to approve legislation that would force TikTok to split from its Chinese owner or be banned in the U.S., and after Beijing ordered Apple to remove WhatsApp and other messaging platforms from its app store. For weeks, Vista Outdoor, the parent of ammunition brands like Remington and recreational labels including CamelBak, has sought to fend off a takeover bid by the investment firm MNC Capital. MNC has raised national security concerns about CSG, suggesting that it’d be unwise for the U.S. government to allow a foreign-owned weapons manufacturer to take over a key maker of ammunition components like primers.