$TSLA – MUSK’S OPENAI BID DISTRACTION FROM TESLA CHALLENGES, SAYS OPPENHEIMER
🔸 Oppenheimer says Musk’s OpenAI bid (38% discount to Oct 2024 raise) distracts from Tesla’s challenges, unlikely to lead to talks.
🔸 Tesla faces rising risks: EV/AV competition, Musk’s political activity may alienate consumers/employees, soft EV registrations (CA, Europe, China).
🔸 Keeps Perform rating.