The quick story:
With Tesla already $8B in debt, investors didn't like hearing that the company lost another $700M in Q1.
Elon told investors that if they didn't like it, they didn't have to buy the stock.
So, some investors dropped the stock and the company lost $2B in market value overnight.
Not a big deal for a company that is so highly valued; but without additional investment, Tesla will face a serious cash crunch. This is the real takeaway.
https://www.thestreet.com/markets/tesla-slumps-after-musk-advises-don-t-buy-our-stock-in-bizarre-conference-call-14577801
https://www.thestreet.com/opinion/three-glaring-mistakes-tesla-ceo-made-during-his-wacky-earnings-call-14577743
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