JP Morgan says Tesla just undermined Elon Musk's defense against the SEC

JP Morgan says Tesla just undermined Elon Musk's defense against the SEC

5 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/04/tesla-just-undermined-elon-musks-defense-against-the-sec-jp-morgan-says.html

Tesla may have just hurt Elon Musk's own case in his battle with the SEC, according to J.P. Morgan.

"The now clear incongruence of CEO outlook statements with official company guidance may hurt the perception of management commentary, eroding investor confidence and potentially placing additional pressure on the shares," J.P. Morgan analyst Ryan Brinkman wrote in a note to clients late Wednesday.