while waiting for the results, Elon Musk confronts the “masters” of Wall Street

while waiting for the results, Elon Musk confronts the “masters” of Wall Street


Tesla is posting after-hours trading tonight on Wall Street its latest quarterly financial results. Consensus for the December quarter is $1.13 in adjusted earnings per share on $24.03 billion in revenue. After testing the $100 mark a few days ago against a history of panic selling, the stock has risen very well, returning to $140 for a market capitalization of $454 billion. However, the stock market’s decline is still more than 60% from its historical peak. As an introduction, before its publication, note that Tesla announced a new investment of 3.6 billion dollars in its Giga Nevada factory, which expands the scale of its production, will benefit from 3,000 new workers and two additional facilities, one dedicated to brand batteries that. and the other for the Tesla Semi electric truck – with the goal of maximum production. The initial investment for the construction of the factory was 3.5 billion…

Meanwhile, Elon Musk took aim on Twitter at the alleged new “masters” of Wall Street: “Too much power has been placed in the hands of ‘shareholder service’ companies like ISS and Glass Lewis, because a large part of the market is made up of passive/index funds, which provide voting decisions to shareholders. ISS and Glass Lewis fully control the stock market,” the billionaire businessman said.