The day before, a many-hour presentation for investors of the automotive company Tesla took place in the United States. Elon Musk and other top managers tried to convince them of the prospects of the company’s business plan. According to Bloomberg, the investor presentation was unimpressive.
Details
For almost four hours, shareholders were told about what efforts the transition to “green” energy will cost humanity. In addition, the presentation participants praised the engineering and manufacturing efficiency of Tesla. Meanwhile, investors wanted to hear from them for details on next-generation electric vehicle models that will power the company’s business. During the speech, Musk never once mentioned cheaper electric cars. Investors felt that they would not appear in the Tesla lineup soon.
Against the backdrop of a failed presentation, the value of Tesla shares on the stock exchange fell by 5.7%. Two months before Investor Day, the electric car maker’s capitalization increased by $300 billion, which allowed Musk to regain his leadership in the global ranking of the wealthiest businessmen.
