Tesla's board of directors would have opened a research last month for a CEO to replace Elon Musk, raising the question of what the future of the company would look like after Musk's long mandate at the helm. Tesla denied the report of the Wall Street Journal, but history highlights how “perhaps no other company has such a major risk of a key man”, UBS analysts led by Joseph Spak told customers in a note on Wednesday. Tesla is at a time critical at the moment, Spak wrote. The core business is always focused on cars, but “the story of the bull case is that Tesla is an AI company, Musk itself indicating in various ways that the value of Tesla is linked to autonomous vehicles and humanoid robots,” said Spak. It is uncertain of another manager to fill the musc shoes. “Finding a CEO that can captivate the market and investors as much as Musk is a high task,” said Spak. UBS assesses Tesla a sale with a price target of $ 190 – 33% lower than the action where the action closed on Wednesday. The shares are down 42% compared to the highest of $ 488.54. Tsla 3m Mountain Tesla in the last three months.
Finding a CEO of Tesla to replace Musk would be a “high task,” says UBS
