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Analyst: Once impenetrable Tesla story starts to erode

Tesla founder and CEO Elon Musk might be forced to step down from the company, says JPMorgan.

Photo: /Ritzau Scanpix/AP/Evan Vucci/

Tesla is facing several legal obstacles and mounting uncertainty in connection with founder and Chief Executive Elon Musk. Associated risks appear underestimated in the options market, an analyst from US-multinational investment bank JPMorgan tells Bloomberg.

Explained briefly, the options market enables for instance, simplified hedging against traded asset depreciations, and, according to JPMorgan Equity Derivatives Strategist Shawn Quigg, the market distorts odds on options associated to the automotive industry.

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