81–90 of 414 posts
Perhaps a buying opportunity. Sounds like investors are being spiteful.
Asking how he is going to reign in capital expenses, when their burn rate will drain them of cash in 8 months is not being spiteful. It's called being an investor. Refusing to answer that question, is either being spiteful, or disingenuous. It's a bit of a red flag.
Tesla is clearly flying close to the sun, and Musk is not incorrect to suggest that investors who can't take that kind of risk should not be along for the ride; however, it probably would have been more prudent to hold back on that pronouncement, given that many investors seem to have taken the hint and exited the stock... Tesla is a giant confidence game - as are most high growth opportunities.
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> he's Elon Musk and he doesn't care about investor returns Then he shouldn't be the CEO of a public company which continues to sell stock and debt to investors on the promise of a return. Also, Elon Musk very much does care about returns. He has a great track record in that department. He's just learned it's not something that's healthy to focus on in the short-term. Unfortunately, running out of cash forces the com…
I think what he did is awesome. Who cares what wall street thinks? They're mostly a bunch of leeches passing around paper and overreacting to news articles. Tesla will be fine.
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Letting one person ask 10 questions means less time for other investors to ask their own individual questions.
To be fair (edit: figuratively, to state a favorable viewpoint on Elon's decisiont to give more time to one person) he was asking excellent/interesting/challenging questions and it was really interesting to me to hear Elon's answers. I think Elon might have done well to be less brusque with the more run of the mill questions but I really enjoyed listing to the long exchange there
thats the opposite of being fair, but unfair is fine sometimes.
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For the sake of society, I hope Musk succeeds. We've spent too much time as a culture celebrating fairly useless achievements and being unwilling to dare to do the things that will truly take us forward.
The important part of Musk's plan has already succeeded. He made electric cars cool and competitive. If Tesla folds tomorrow, there will still be a large market for electric cars, and multiple other companies serving that. Depending on your needs, that has arguably already happened. While Tesla is still the "coolest" brand of car, there are better/cheaper electric cars from many non-Tesla companies already widely ava…
I'd like Tesla to stick around for a while, so that the other idea also catches on - you know, the "do the right thing for a change" philosophy.
Felt very reminiscent to Skilling's infamous earnings call. I'd have to imagine any TSLA investors are very concerned after that performance.
I’m not too worried. The earnings themselves were better than expected. Elon said this in a tweet but its reiterated in the earnings - projecting positive cash flow in Q3 and Q4. And such dismissive behavior (as much as I am not a fan of it) is not uncommon among stressed-out CEOs - Jobs, Gates..
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Er, why is asking for something fundamental to running a business (i.e. "How much money do you have/need?") a partly boring/boneheaded/uncool question?
Because he's Elon Musk and he doesn't care about investor returns, he wants to build rockets, cars, tunnels, and explore space. No matter what he does he'll more than likely be fine on the money side.
Earlier quoted context omitted.
> he's Elon Musk and he doesn't care about investor returns Then he shouldn't be the CEO of a public company which continues to sell stock and debt to investors on the promise of a return. Also, Elon Musk very much does care about returns. He has a great track record in that department. He's just learned it's not something that's healthy to focus on in the short-term. Unfortunately, running out of cash forces the com…
I think what he did is awesome. Who cares what wall street thinks? They're mostly a bunch of leeches passing around paper and overreacting to news articles. Tesla will be fine.
Musk sounded exhausted. If Smith & Wesson launched a consumer flamethrower there would be outrage...Musk has been able to distract with lots of shiny objects but the clock is ticking, even amongst his niche fan base...I hope all the people who are working so hard in Musk's various companies come out of this ok...
For the sake of society, I hope Musk succeeds. We've spent too much time as a culture celebrating fairly useless achievements and being unwilling to dare to do the things that will truly take us forward.