Key Words: Leading Tesla shareholder makes public request for deliveries guidance above Wall Street estimates

This post was originally published on this site

You don’t see this very often.

Leo KoGuan, who according to Bloomberg is the third-largest individual shareholder at Tesla
on Wednesday was publicly lobbying the company over Twitter on what guidance it should provide.

KoGuan, the Singapore-based billionaire founder of software maker SHI International, tweeted to CEO Elon Musk to guide to 1.6 million deliveries with a margin above 30%.

According to FactSet, analyst expectations are for 1.47 million deliveries, and a gross margin for autos ex regulatory credits of 28.4%.

In the tweet, “destroy FUD” — means, “fear, uncertainty and doubt” — “and make Johnson bite the dust,” is a reference to Gordon Johnson, the founder of GLJ Research and critic of the company.

Responding to a Twitter user, KoGuan said his preferred guidance would still be setting up an “underpromise/overdeliver/earnings surprise” story.

Referring to Tesla’s chief financial officer, Zach Kirkhorn, KoGuan said he should reassure investors during a challenging macro environment and discourage hedge funds to sell high and buy back low.

Tesla shares have dropped 14% from their November peak, suffering along with other growth stocks as bond yields have surged.

Add Comment