After Tesla Inc.’s TSLA underwhelming third-quarter results, CEO Elon Musk appears to have sought solace in video games and lighthearted exchanges on X (formerly Twitter), the social media platform he acquired for $44 billion.
What Happened: In the third quarter, Tesla’s adjusted earnings and revenue significantly undershot Wall Street’s expectations. While Future Fund managing partner Gary Black said Musk’s call with analysts after the results received reviews that ranged from "not good” to "terrible," Tesla bull Daniel Ives termed it a "mini-disaster."
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Nevertheless, Musk remains unfazed, diving into entertaining online exchanges.
Responding to a post on X, he casually remarked, “Yah, I was searching for my next game after Diablo and stumbled upon this gem.” The game he referred to was Larian Studios‘ “Baldur’s Gate 3,” set in the universe of “Dungeons & Dragons.”
Musk added a layer of ambiguity by posting the word “Bearkake,” a term with sexual innuendo, in response to a user’s post discussing a unique speedrun category for “Baldur’s Gate 3.”
The tech billionaire also took a moment to express his fondness for the video game “Fallout New Vegas,” developed by Obsidian Entertainment, stating, “At the risk of saying something controversial, Fallout New Vegas was a great game.”
Why It Matters: The unexpected shift from Tesla’s results to video games and playful exchanges has left netizens intrigued, attempting to decipher Musk’s motives during a critical juncture for the electric vehicle maker.
It’s worth noting that Tesla’s first double earnings miss in over four years prompted a subdued reaction from investors, leading to a more than 5% decline in the stock during after-hours trading.
Price Action: Tesla shares closed Thursday down 9.3% at $220.11 on Thursday and lost 0.75% in Friday’s premarket trading session, according to Benzinga Pro data.
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