Rip $TSLA https://t.co/gXMJNwkZN7
BREAKING: Jim Cramer says he likes Tesla, $TSLA, very much https://t.co/feZ1ICBqTu
Options Traders are the most bullish on Tesla since November 18 🚨 What happened the last time the Put/Call Ratio fell this low? $TSLA went on to soar 44% and hit an all-time high over the next 4 weeks 📈📈 https://t.co/9MW91ezOqa
Tesla CEO Elon Musk addressed concerns about the company's performance during an appearance at the Qatar Economic Forum. Responding to questions about weakening sales in the first quarter and in Europe, Musk stated that Tesla has 'already turned around' and described Europe as the company's weakest market, while asserting that sales are strong elsewhere. Musk emphasized that the stock market is the best indicator of Tesla's business health, noting, 'Our stock wouldn't be trading near all-time highs if things weren't in good shape...don't worry about it.' Despite his comments, Tesla's stock is down 13% year to date and remains 30% below its all-time high, though it has recovered some ground this year. Options traders are currently the most bullish on Tesla since November 18, with the Put/Call ratio at a notably low level. The last time this occurred, TSLA soared 44% and hit an all-time high over the following four weeks. The discussion also touched on Musk's compensation. Tesla's board has formed a special committee to consider alternative ways to compensate Musk, as his 2018 pay package—valued at $56 billion and now worth over $100 billion—is under appeal with the Delaware Supreme Court. Musk reiterated that his compensation concerns are about maintaining reasonable control over the company rather than money. Musk indicated he plans to remain Tesla's CEO for the next five years, though he acknowledged the uncertainty of the future.
