Tesla Plunges After a Conference Call

Post by scottmf » Thu, May 03, 2018, 6:34 PM UTC

zmk_ wrote: post #125

rawrmaan wrote: post #50

Elon has always seemed to have the attitude of "not everyone should invest in this stock". I find this refreshing. God forbid a CEO do anything except try to drive the share price as high as humanly possible. I don't know if this carries the same weight in a public company, but setting expectations with investors is super important in a startup and prevents a ton of wasted time wrangling investors who don't get the t…

Actually as a CEO he has a fiduciary duty to maximise shareholder value.

Post by dragontamer » Thu, May 03, 2018, 6:34 PM UTC

greglindahl wrote: post #108

debt wrote: post #33

Earlier quoted context omitted.

Yeah I concur. The kind of numbers they're talking about are no joke. Investors immediately responded to Elon's hubris in kind by severely punishing the stock. Seems the joke is on Musk.

How did you figure out that the reason the stock fell was this particular one? (Edit: "Elon's hubris" in particular) Stock programs have all kinds of explanations they give out as to why a stock moves. Usually, it's a guess.

Post by djrogers » Thu, May 03, 2018, 6:35 PM UTC

maxsilver wrote: post #52

tensor wrote: post #31

Earlier quoted context omitted.

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…

Post by xkjkls » Thu, May 03, 2018, 6:36 PM UTC

holografix wrote: post #142

I for one completely defend him. It must be excruciating getting the self serving type of questions that all boil down to: “how well can I infer you’re doing so I make sure I make more money or lose less money in the next 6 months?” Over and over and over...

Post by aglavine » Thu, May 03, 2018, 6:37 PM UTC

ericmcer wrote: post #112

tensor wrote: post #31

Earlier quoted context omitted.

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.

Its inspiring to see him but it's also ridiculous that Elon Musk is the one pushing the space and auto industries forward. I really hope he succeeds, but it is just stupid that our hopes for scientific and technological advancement have shifted to the private sector. The private sector has historically been the one that had sane and logical business practices minimizing risk, while government had the funding necessar…