According to data collected by Bloomberg, Musk, 46, is already Tesla’s largest shareholder, and his current shareholding ratio is now close to 20%.
Musk indirectly completed the increase in holdings through its trust fund. After the increase, he held Tesla 33665421 shares.
Last week, Tesla CEO Elon Musk refused to answer the analyst's question on an analyst conference call after the release of the first quarter earnings report. He also rudely interrupted an analyst's question.
After the publication of the financial report, Tesla's share price did not change much. Tesla's stock price began to decline shortly after the question of analysts was interrupted by Musk. After the close of trading hours, Tesla's market value evaporated. More than 2 billion US dollars.
Musk's actions on the analyst conference call also made analysts on Wall Street and the auto industry very frustrated. Some analysts also said that Musk still needs to grow.
Tesla’s first-quarter financial report showed that its average daily net loss increased to US$8.718 million in the quarter. If this is the case, the remaining cash can only support ten months.
At present, Tesla is facing pressure to increase the capacity of the Model 3. Although the output of the first three consecutive weeks exceeded 2,000 units in the first quarter, it is still far from the target of reaching 5,000 units at the end of the second quarter. Pulled capital expenditures may continue to increase, and whether the remaining cash can support ten months is still unknown.