Musk hijacks Tesla earnings call
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Tesla 's ( TSLA 3.36%) stock price dropped in after-market trading on Wednesday following its earnings announcement after the market closed. The results for the third quarter were mixed. Revenues beat expectations, but profits were below analyst projections.
Elon Musk, the world’s richest person, used the closing minutes of Tesla Inc.’s quarterly earnings call to launch a fiery defence of his proposed $1 trillion pay package, lashing out at proxy advisory firms that have urged shareholders to vote against the plan.
Tesla CEO Elon Musk warns “corporate terrorists” are trying to take away his $1 trillion pay package—and control over building out the company’s AI and robotic future.