Daily Caller: Wall Street Insiders Lob A Warning Shot At Musk For Snubbing Analysts.
Analysts are warning tech entrepreneur Elon Musk Wall Street will only take his antics and unwillingness to answer questions so long before insiders and investors eventually jump off the Tesla bandwagon.
Wall Street is getting weary of Musk’s chronic inability to explain how his company plans on turning a profit, a pair of analysts told The Daily Caller News Foundation. Their warnings come after the Tesla CEO trolled a slew of analysts during a May 3 earnings call in which he ignored questions about the company’s beleaguered financial situation.
“It doesn’t destroy his brand. But it does defeat levels of trust with investors,” Eric Schiffer, CEO of private equity firm The Patriarch Organization, told TheDCNF. Investors need to be reassured Musk’s electric vehicle company has a plan to rake in profits sometime before the end of the 21st century, he added. read more