Peter Michaelis, Simon Clements and Neil Brown, lead managers of the sustainable equity team at Liontrust Asset Management, who manage more than $3bn across the firm's strategies, have said electric vehicle (EV) manufacturer Tesla remains an attractive investment despite chief executive Elon Musk's "troubling" behaviour.
Speaking to Investment Week, Clements claimed corporate governance and the management team had become Tesla's biggest "issue", but maintained the product was "very strong". On 27 September, the US Securities and Exchange Commission (SEC) filed a fraud complaint alleging Musk had made "false and misleading statements" when on 7 August he revealed on Twitter plans to take the company private in what would have been one of the largest such deals in history, causing shares to jump 11%. He tweeted: "[I] am considering taking Tesla private at $420. Funding secured. Basically, I am trying to...
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