Monday, 29 Apr 2024

Tesla’s Elon Musk regrets ignoring questions during earnings call

Tesla Production shutdown

Elon Musk, the CEO of Tesla Inc. acknowledged that it was “foolish” of him to ignore questions about Tesla’s capital requirements raised by two Wall Street analysts at a conference call earlier in this week. His rebuff has resulted in a drop in Tesla’s share price and has raised questions about the company’s ability to obtain capital. Inspite of Musk’s denial of funding requirements, it has been speculated that the company will seek capital investment.

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