Opinion Piece In Reuters: Now Tesla Must 'Confront' Bears
Tesla Motors Inc (NASDAQ: TSLA) faces a "pivotal moment" on Wednesday, when the company is due to report its fourth-quarter results.
According to an opinion piece published by Reuters, Tesla will need to "fight" to convince "skeptical investors" that the company can "can still win" against traditional automakers.
German automakers are "speeding up plans" to offer luxury electric cars several established automakers who were initially slow to respond to Tesla's lead are now "investing to catch up."
Shares of Tesla hit a new 52-week low of $141.06 on Tuesday and have lost around 40 percent since the start of 2016. The ongoing decline in Tesla's stock has prompted many investors to sell their position, as they do not want to wait to see "how the company fares against expectations."
Reuters did however note that at least one investor is buying Tesla's stock rather than selling. The investor is none other than Tesla's CEO Elon Musk who exercised options worth about $100 million on January 27.
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