It was a better-than-expected mercifulness for Tesla, but CEO Elon Musk’s behavior is making him look unhinged, voices one analyst.
Consumer Edge analyst Jamie Albertine, who is bullish on Tesla and has a value target of $385, said the company’s financial results were in border with his expectations, but Musk’s behavior on Wednesday’s conference call is a big dissemination.
“We totally disagree with the way Elon handled himself,” Albertine put about on CNBC’s “Squawk Box” on Thursday. “It’s an incredible red flag and we are re-evaluating our stance on the group as a result.”
Tesla shares were down about 7 percent on Thursday, employment around $280. Tesla representatives were not immediately available for say discuss.
Musk interrupted two analysts asking questions on Wednesday night’s meeting call after Tesla reported a first-quarter loss that whip expectations. He referred to one analyst’s query as a “boring bonehead” question, maintained the “dry” discussion was “killing” him and then had a lengthy exchange with a Tesla shareholder and blogger on individual topics, despite Tesla’s normal rule of allowing only one inconceivable per person.
Musk’s behavior marred what otherwise was a good lodge with some positive signs, Albertine said.
Albertine maintained that although Musk simply seemed frustrated, his behavior fueled Tesla “pessimists” by making him look “unglued or unhinged.”
Musk has to remember that in some way he come out all rights for the shareholders, Albertine said, and the analysts are acting as the voice of Tesla’s gigantic institutional investors on conference calls.
“I thought it was disrespectful and inadvisable, and I organize never in my career certainly have heard any CEO act that way,” he said.