Tesla will face stock buyback pressure from activist investors next year after shares get cut in half in 2022, Wedbush says

Dec 12 2022 by Business Insider

 
Elon Musk sent Twitter staff a memo on Thursday confirming job cuts would be announced on Friday.

Carina Johansen/Getty Images

Tesla is likely to face increased pressure from activist investors in 2023, according to Wedbush.Wedbush said Tesla could face pressure to launch a stock buyback program as share price tumbles.Tesla stock has erased $560 billion in market value this year, falling more than 50%.

Tesla and Elon Musk could face increased pressure from activist investors in 2023, according...

Continue Reading Tesla will face stock buyback pressure from activist investors next year after shares get cut in half in 2022, Wedbush says