Tesla CEO Elon Musk is trying to bargain Twitter and negociate aggregate companies astatine the aforesaid time.
James Glover II | Reuters
Shares of Tesla slid astir 6% Thursday greeting arsenic investors digested the company's third-quarter net report from Wednesday evening.
Tesla reported net of $1.05 per share, beating expectations of 99 cents a share. Revenue came successful airy astatine $21.45 billion, which missed analysts' expectations of $21.96 billion.
The institution said connected its net telephone that, portion it expects 50% yearly maturation successful accumulation this year, its deliveries whitethorn autumn conscionable nether 50% maturation "due to an summation successful the cars successful transit astatine the extremity of the year."
Still, Musk was bullish connected the net call, noting that the institution is "pedal to the metal" adjacent with a imaginable recession looming.
"I can't stress capable we person fantabulous request for Q4 and we expect to merchantability each car that we marque for arsenic acold into the aboriginal arsenic we tin see," Musk said. "The factories are moving astatine afloat velocity and we're delivering each car we make, and keeping operating margins strong."
Musk's comments "didn't beryllium well" with Bernstein elder probe expert Toni Sacconaghi.
"Aside from the financials, the net telephone didn't beryllium good with us," Sacconaghi said successful a enactment connected Thursday. "Answers to galore questions connected the net telephone were curt and astir dismissive, with CEO Musk alternatively repeatedly making precise bold prognostications astir Tesla's aboriginal and capabilities."
Sacconaghi, who has a underperform standing connected Tesla, acceptable his 12-month terms people astatine $150, which would construe into a astir 30% autumn from Wednesday's adjacent of $222.04.
CNBC's Michael Bloom contributed report.