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‘Not just numbers’, Elon Musk goes overtly emotional on Tesla earnings call; Analysts call him ‘little baby’

Tesla CEO Elon Musk gets overtly emotional in the course of earnings call, venting frustration over production delays. ‘It’s heart-wrenching to see how some trivialize our efforts’, Tesla CEO said looking visibly emotional during the company’s earnings call. A query about production delays prompted Musk’s meltdown, according to a TOI report. He lamented, “People don’t understand the blood, sweat, and tears that go into making these revolutionary products. It’s not just about numbers and spreadsheets.”

Financial analyst Kevin Paffrath likened Musk’s behavior with that of a “little baby”. “Almost in tears”, he stated as quoted by The Independent. “For a leader to cry about the economy rather than funneling that and coming up with a plan is pathetic,” stated Paffrath. Paffrath labelled the call as “terrible” and stated Musk was “almost in tears” at one point. On the contrary, some listeners empathized with the pressure Musk must be under.

Some leaders raked up questions about Musk’s leadership style and emotional stability as they contended that the billionaire should maintain a level of poise on public platforms. Their opinion is that this kind of emotional meltdown can affect investors’ confidence and have a bearing on the company’s stock price.

Elon Musk, world’s wealthiest man, saw a decline in his fortune due to weak third-quarter earnings from Tesla. Elon Musk’s fortune fell by $16.7 billion last week. He holds a fortune of $209 billion. The Tesla CEO holds 13% of Tesla and derives the lion’s share of his wealth from the auto company. Tesla’s shares dropped by 9.3% after it missed both sales and earnings expectations for the quarter.

Musk’s Tesla registered its first quarterly fall in sales this year, delivering 435,059 vehicles, while margins dropped to the lowest level in over four years after the company recurrently cut prices for its cars. In spite of its struggles, Tesla maintains that by the year-end it will put 1.8 million customers into new vehicles. Tesla still remains the most valuable vehicle producer in the world and claimed that it will deliver its first long-awaited Cybertrucks in November, around two years behind schedule.

CEO Elon Musk stated that Tesla had successfully managed to maintain demand with a succession of price cuts but added he was worried that rising interest rates would make cars unaffordable. A flurry of activity on social media was caused by the call.

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