Business News

A big Tesla shareholder wants the company to give more accurate delivery estimates than Wall Street expects

This doesn’t happen very often.

When Leo KoGuan, who Bloomberg says owns a third of Tesla’s stock and is the third-largest individual shareholder, tweeted Wednesday, he asked the company what kind of advice it should be giving.

KoGuan, the billionaire founder of Singapore-based software company SHI International, asked CEO Elon Musk to help him get 1.6 million cars delivered with a margin above 30% by the end of 2017.

FactSet says that analysts think that 1.47 million cars will be sold, and that the gross margin for cars without regulatory credits will be 28.4%.

GLJ Research founder and critic Gordon Johnson is the subject of the tweet that says “destroy FUD” (which means “fear, uncertainty, and doubt”) and “make Johnson bite the dust.” “Destroy FUD” means “fear, uncertainty and doubt.”

Responding to a Twitter user, KoGuan said his favourite way to set up a “underpromise/overdeliver/earnings surprise” storey would still be to set it up.

Tesla’s chief financial officer is Zach Kirkhorn. KoGuan said he should keep investors happy during difficult macroeconomic times, and he should also tell hedge funds not to sell high and buy low.

Other growth stocks have also lost money as bond yields have risen. Tesla shares are down 14% from their high point in November.

About the author


Kathy Lewis

Kathy Lewis is an all-around geek who loves learning new stuff every day. With a background in computer science and a passion for writing, she loves writing for almost all the sections of Editorials99.

Add Comment

Click here to post a comment