Source: Finance Association
① The reversal effect of Tesla's earnings report on Tuesday was astonishing. Under the premise of poor performance, global investors were very surprised; ② After the earnings report, Martin Viecha, an executive responsible for handling Tesla's relationships with investors for a long time, said he would leave Tesla; ③ This is Tesla's third executive to leave Tesla in less than two weeks, which made the market once again worry.
$Tesla (TSLA.US)$In the face of poor financial performance, it relied on mobilizing market expectations to drive a sharp rise in US stock prices after Tuesday's market, making it the hottest topic in the world today. Many investors are even more convinced that Musk will lead Tesla on a smooth path after concentrating his efforts.
Dramatically, however, after the earnings conference, Martin Viecha, Tesla's long-time vice president of investor relations, announced that he would end his seven-year career at Tesla. This is also the third Tesla executive to announce his resignation in two weeks.
Earlier, Drew Baglino, Tesla's senior vice president of power and energy, and Rohan Patel, vice president of public policy and business development, had both announced that they would part ways with Tesla. Baglino has been with Tesla for 18 years and is a Tesla executive familiar to investors and analysts. Patel is one of the key figures in Tesla's India plan.
Tesla has already been questioned by the departure of the two executives, and Viecha's sudden statement has sparked quite a bit of controversy among investors. Currently, Tesla is considered to be at a critical crossroads, and any hustle and bustle could represent profound changes.
The adhesive disappeared
Viecha has always been a key player for Tesla to connect with investors, and many investors have worked closely with Viecha.
Shortly after Tuesday's earnings meeting, Viecha posted on X that he had a conversation with Musk about a month ago and expressed his thoughts on retiring from the investor relations field. He said he would help Tesla for a few more months to ensure a smooth transition.
Viecha stressed that he left to take a break and spend more time with his family. However, his departure still made many Tesla shareholders uneasy, especially those shareholders who didn't understand Musk's behavior and only relied on Viecha communication to continue investing.
After the earnings conference, Wedbush tech analyst Dan Ives was also optimistic that Tesla needed a real “adult,” and Musk reliably stepped forward on Tuesday.
However, Ross Gerber, CEO of wealth management company Gerber Kawasaki, believes that the market has overestimated Musk's performance and Tesla's prospects. He said that Viecha is the glue between Tesla's management, shareholders and investors, and his departure from Tesla at the moment is very worrying.
Gerber pointed out that during this very important transition period, Tesla's management continued to lose experienced executives and was clearly not optimistic. Although he agreed with Musk's vision, he would like to see more signs of Musk combining words and actions.
editor/tolk