Barron's Pours Cold Water on Tesla (TSLA); CEO Musk Hangs Up

Red-hot stock Tesla (NASDAQ: TSLA) is seeing some pressure early Monday amid a Barron's article this weekend which sought to caution investors about how high battery prices could thwart the company's plans to bring vehicles to the masses and shed some light on contingent liability for the "residual value" of the Model S, which will show up on the company's balance sheet. In addition, traders are talking about the fact that CEO Elon Musk hung up on Barron's writer Bill Alpert.

From the article:
We had hoped Musk would advise us on these points, but our scheduled interview with him ended abruptly on Friday, when he hung up on us.

"I have no interest in an article that debates what we consider to be an obvious point -- which is that there is a dramatic reduction in battery costs," Musk said, after a few questions. "You clearly do not understand the business. My apologies. I am terminating the interview."

Link to Barron's Article

Shares of Tesla last traded at $98.99, down 3%.

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