Tesla shareholders will finally get answers from Elon Musk

It’s been an eventful week for the EV maker.

Transcript

00:00It was an eventful and rocky week for Tesla.

00:03The EV giant finally set a date for its long-delayed annual meeting,

00:07November 6th, four months past the legal deadline.

00:11That move came after pressure from frustrated shareholders.

00:14The same time analysts are losing confidence,

00:17Goldman Sachs just lowered its price target on the EV maker to $285 per share,

00:23below where it's currently trading, pointing to weaker sales.

00:26That follows Wells Fargo, which kept its bearish call on Thursday,

00:30flagging slumping demand and fading returns from price cuts.

00:35Even longtime bull Dan Ives of Wedbush has expressed concerns about its direction and CEO Elon Musk.

00:41Earlier this week, Ives said Tesla's board must act now to rein Musk in,

00:45suggesting requirements for the amount of time he spends at Tesla.

00:49Musk's response, a blunt, shut up, Dan.

00:51And distractions keep piling up from leadership drama at X

00:55to Musk's political ambitions with his new America party,

00:59all while Tesla tries to reverse slowing sales

01:01and expand its long-awaited robo-taxi service.

01:05That'll do it for your daily briefing from the New York Stock Exchange.

01:08I'm Caroline Woods with The Street.