When it comes to innovation on a large scale, we have one of the CEOs who has given more to talk about in these recent years, one who is committed to marking a before and after in the history of humanity, and although they call it eccentric and sometimes a little paranoid, we must admit that their future projects could change our lives forever, we are talking about the founder of large companies such as SpaceX, SolarCity, and Tesla Motors. Elon Musk, a visionary who is willing to revolutionize various industries to choose for greater sustainability, one of which is electric cars, which is serviced by Tesla Motors.
If you are an active supporter of this type of content, you will know that the firm is not going through its best thanks to the production of the Sedan Model 3 and to finish placing the cherry on the cake, we have the CEO of this company letting go with boastful answers that cost a fortune, that is why we meet here and for the next 5 minutes we will see a really disappointing result for the brand.
A regular meeting for Elon Musk triggered a loss of $2.8 billion
The CEO of Tesla Motors, Elon Musk, weekly conducts a telephone meeting with specialized journalists and Wall Street analysts, in which he reports on the status of the company, in the same way that he answers the questions related to it, which are known to be directed to the constant problem that afflicts the manufacturer on its inability to be sustainable, but the great surprise of all was the response that the visionary provides to his audience, being these mostly out of place and as a consequence of these, the company received a hard blow to his piggy banks, reaching to lose $2.8 billion, of which, $632 million would affect the pocket of Mr. Musk.
Elon Musk clearly let himself be carried away by arrogance
In the course of the conference, which was leaving much to be desired for those present, there was a crucial comment by Elon Musk, who far from showing a strong and consolidated company, ended up dismissing investors, these being the words that would give rise to the colossal devaluation of Tesla Motors:
“We have no interest in satisfying the interests of stock traders, I could not care less. Please, sell our stock and do not buy it “
What did Elon Musk answer that cost Tesla Motors so much?
In the previous point it was quite clear the interest that Elon Musk has to please everyone present at the telephone meeting, but to the surprise of many, things would not end here, as the CEO of Tesla had more to add, although to be frank, in our opinion and in the opinion of many, everything was out of context, since the vast majority of the questions that journalists asked were answered in a general way as follows: “Bored and Absurd”, which evidently He baffled the listeners, who immediately continued asking the questions they considered pertinent, one of which was in reference to Tesla’s exaggerated spending in the last quarter, since it reached a figure of 6 digits, one billion dollars and in response , Elon Musk said the following: “The boring and absurd questions are not cool”.
Another response from the CEO was in reference to the question concerning the strategy of failed production of Sedan Model 3, in which he replied: “These questions are so uninteresting”, apart from adding “they are killing me”, so that right from the start, many investors began to lose their faith in the company, since very apart from the sarcastic answers, they did not receive any type of interest from the CEO in answering seriously, which ended up triggering this result so chaotic.
Humor is good but not at all times
The past April 1st, also known as April Fools, the CEO of Tesla Motors published a series of tweets in which he claimed that Tesla Motors was in the bankruptcy and with them came a rather controversial image in which you could see Musk himself on the floor pretending to be passed out, which resulted in a joke in very bad taste and many will wonder why so much fuss over a twitter? and it is simply because it is known that Tesla with the time it takes in the market does not achieve its own sustainability, so it is always in the sights of falling into ruin and in fact, the next day the shares of the company fell 7 percent. %, which obviously can be translated as a whole “fail”.
At the end of the day, Elon Musk recognizes his mistake
All this commotion showed the businessman that he cannot be more wrong than his actions, which, beyond what is thought, what he is looking for, brought him in his place mistrust coupled with a multi-million-dollar loss, since $2.8 million is a considerable amount for a company like Tesla. After all, the well-known public via Twitter the following:
I should have answered your questions; it was stupid to ignore them”
Leaving in complete evidence that he has realized his mistakes, that one can find in the near future more care when addressing investors and the specialized press, who in the end were those who lost confidence in the video and as a result, a colossal loss that cannot be overlooked.
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