Analyst: Musk acted like a "little baby" and "almost crying" during a Tesla earnings conference call
On October 23rd, financial analyst and YouTube blogger Kevin Paffrath revealed that during Tesla's poor earnings conference call, its CEO Elon Musk acted like a "little baby", almost crying!Pavlatpa has nearly 1.9 million subscribers on the MeetKevin YouTube channel and holds shares in Tesla
On October 23rd, financial analyst and YouTube blogger Kevin Paffrath revealed that during Tesla's poor earnings conference call, its CEO Elon Musk acted like a "little baby", almost crying!
Pavlatpa has nearly 1.9 million subscribers on the MeetKevin YouTube channel and holds shares in Tesla. He said, "For a company leader, complaining about the economic situation instead of proposing a response plan seems sad
Pavlat takes Musk's comment on Tesla's Mexican super factory as an example. Musk confirmed this plan, which could cost up to $10 billion, at a meeting with investors in March this year. This will be Tesla's sixth super factory to date and also the most expensive factory.
Musk once hinted during a conference call that due to rising interest rates and higher borrowing costs, he would delay the construction of the factory. He said, "If interest rates remain high or even higher, it will become even more difficult for people to buy cars. They simply cannot afford to buy a car." He also explained the impact of high interest rates on people paying off their monthly car purchases.
But Pavlat criticized Musk's response, saying that the Tesla CEO was "scared" and suggested that Musk should negotiate a better agreement with the Mexican government or possibly "advertise in high-income areas". Pavlat had previously called on Tesla to promote its products to non fans.
He said, "We need to know that the dawn is at the end of the tunnel, rather than listening to a CEO who hasn't really provided the road complaining incessantly
Tesla's third-quarter results were worse than expected, with earnings per share and revenue both lower than analysts' expectations. In the past week, the stock price of this electric vehicle manufacturer has fallen by 15%, with its market value dropping to $664 billion. However, the stock has still risen by 96% so far this year.
Pavlat is not the only analyst to criticize Musk's performance during a conference call. Dan Ives, an analyst at Wade Bush Securities, described it as a "minor disaster," with a "cautious Musk" focused on high interest rates and lowered expectations for electric pickup trucks, Cyberrack.
Tesla did not respond to requests for comment outside of normal working hours. (Small)
Tag: Analyst Musk acted like little baby and almost crying
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.
