Elon Musk's plans for Tesla advertising will be a major boost as key pieces of the EV maker are undervalued, Wedbush says
meeting on Tuesday, with CEO Elon Musk later admitting surprise over the level of enthusiasm expressed by shareholders. In a note on Wednesday, Ives said the move is as a major positive for the electric vehicle maker, as it could expand the company's prominence among broader markets.
The note said that"many parts of the Tesla product portfolio are undervalued by the Street with [Full Self-Driving] a major potential value adder on top of the company's expanding product portfolio across auto and energy," adding that advertising could help inform the public about Tesla's offerings.through his Twitter feed and on other public forums.
Though there hasn't been enough time to develop formal plans, he said advertising would emphasize information on Tesla's pricing and safety.Notably, Musk's recent decision to
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