: Tesla investors await clues on demand, board actions and weigh downside risks in 2023

Tesla Inc. stock has lost half its value this year, dragged down by worries that Chief Executive Elon Musk has treated the electric-vehicle maker as “an ATM,” as one Tesla bull recently said.

Worries about cooling demand, particularly in China, add another layer of concern for Tesla TSLA for the new year. Most investors are skeptical that the Tesla board would rein in Musk, as many view board members as deeply connected to him and unlikely to act independently.

Yet…