If American journalists are now accustomed to the Donald Trump rant, analysts will now have to learn how to handle the mood swings of Elon Musk, the boss of Tesla.
During’ a conference call scheduled after the publication of the results of the automaker Elon Musk got upset with analysts’ questions, dismissing some and even preferring to give voice to a young shareholder on YouTube to avoid points he did not like.
“Stupid” and “not cool” questions
A classic exercise for a leader, the conference call with analysts had started well. Analysts were not so distraught by the publication shortly before a new loss for the company: the Californian group reported a loss of $ 709.6 million ($ 593.5 million). euros) in the first quarter, compared to a loss of $ 330.3 million a year earlier.
But things really started to go wrong when Tony Sacconaghi, Bernstein’s analyst, asked for clarification on the company’s financing needs. “Excuse me, next, next. It’s boring, stupid questions are not cool, “the analyst replied dryly.
RBC Capital analyst Joseph Spack was not treated better when he asked for information on the state of reservations for Model 3. He was given a long 14-second silence.
More than twenty minutes with an investor on Youtube
Then Elon Musk, preferred to turn to a young shareholder on YouTube as he judged the issues of professionals “arid”.
“They will kill me,” he added, before staying more than 20 minutes in communication with Hyperchange TV, a YouTube channel that has just under 9,400 subscribers and recently advised to invest in You’re here.
In a video, retweeted by Elon Musk himself this Thursday morning, Galileo Russell, the creator of this Youtube channel does not hide his joy and pride in having been able to ask a dozen questions to the boss of Tesla. And this, even though traditionally, each speaker does not usually ask more than two questions.
“It was unreal! Thank you very much for your support, it was worth it and we made it !!! Says Galileo Russell, speaking to his subscribers.
The stock fell by nearly 5% at the same time
Still, the behavior of the boss of Tesla has a cost: nearly two billion dollars. This is indeed the value lost by the company’s actions on financial markets at the same time.
The title Tesla plunged 5% in post-trade exchanges.
the closing price Wednesday’s 301.15 dollars (+0.41%), the car manufacturer founded 15 years ago still shares the first place in the sector, in terms of market capitalization ($ 51 billion), with General Motors.