Musk Says He Ignored Analyst Questions Because They ‘Represent A Short-Seller Thesis, Not Investors’

Musk Says He Ignored Analyst Questions Because They ‘Represent A Short-Seller Thesis, Not Investors’

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by: Elizabeth Balboa, Benzinga Staff Writer

 

Tesla Inc TSLA 1.87%’s CEO can drive the stock with his enthusiasm and crush it with his ennui.

After catalyzing an 8-percent slide with dismissive remarks about Tesla’s earnings and strategy, Elon Musk defended his posture Friday.

In a series of tweets, Musk initiated a “tedious discussion about Tesla stock” where he delineated circumstances around Wednesday’s conference call.

“First, it’s important to know that Tesla is the most shorted (meaning most bet against) stock on the market & has been for a while,” he tweeted. “[…] The 2 questioners I ignored on the Q1 call are sell-side analysts who represent a short seller thesis, not investors.”

Musk reflected on two interactions that drew particular criticism.

Bernstein analyst Toni Sacconaghi Jr. was told “boring, bonehead questions are not cool” after inquiring about capital requirements, and a Model 3 reservation question from RBC’s Joseph Spak prompted a sharp and sustained shift from analyst queries to those of a retail investor.

 

 

 

One tweeter pushed back on the Model 3 position and requested indications for sustainable demand.

 

 

 

© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

 

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