Earlier quoted context omitted.
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.
Wall Street's money pays Tesla's bills.
Tesla Plunges After a Conference Call
261–270 of 414 posts
Re: Tesla Plunges After a Conference Call
#262Earlier quoted context omitted.
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…
> While Tesla is still the "coolest" brand of car, there are better/cheaper electric cars from many non-Tesla companies already widely available today. No, there are a very small handful of cheaper electric cars that may be subjectively better for some uses but worse for many others. Bolt, i3, Leaf - that's about it for mass-produced cars being bought in any volume, and the manufactureres are taking a bath on them. G…
https://insideevs.com/april-2018-plug-in-electric-vehicle-sa...
Re: Tesla Plunges After a Conference Call
#263I always have an issue about the statistical viewpoint about safety. Musk finds it outrageous that AP like products are nailed by the press but I find it quite normal. It's a new thing, and it's related to injury, it will be pinned. I wouldn't expect any otherwise. Musk should just swallow the pill and just work around that. Press won't write about your car that doesn't kill people. That's absurd.
Re: Tesla Plunges After a Conference Call
#264What a weird call. Especially the callout of the diamler CEO. Elon says that the diamler CEO does not understand physics "He doesn't know much about physics. I know him. I'd be happy to engage in a physics discussion with him. I actually studied physics in college." Wiki says otherwise: "... studied electrical engineering from 1971 to 1976 at the University of Karlsruhe; he graduated as an engineer. He completed his…
Engineering students are usually required to study physics.
Re: Tesla Plunges After a Conference Call
#265Earlier quoted context omitted.
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.
The west coast bias in Hacker News is always shocking. The capital markets exist for a reason, and the people he's mocking on this conference call are the ones that he's going to need to be begging for billions if things don't deliver in Q3 or Q4.
Re: Tesla Plunges After a Conference Call
#266What a weird call. Especially the callout of the diamler CEO. Elon says that the diamler CEO does not understand physics "He doesn't know much about physics. I know him. I'd be happy to engage in a physics discussion with him. I actually studied physics in college." Wiki says otherwise: "... studied electrical engineering from 1971 to 1976 at the University of Karlsruhe; he graduated as an engineer. He completed his…
Re: Tesla Plunges After a Conference Call
#267Musk 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.
Re: Tesla Plunges After a Conference Call
#268Musk literally said to an investor "Please sell our stock and don't buy it.". Transcript : https://seekingalpha.com/article/4169027-tesla-tsla-q1-2018-...
Re: Tesla Plunges After a Conference Call
#269Earlier quoted context omitted.
I disagree - I thought the questions were good. I wish both sides were able to answer questions, as Elon had promised in the beginning of the call! (He said something along the lines of, we want extra time for Q&A, will keep the call running until there are no more questions) Having a retail investor at the table is a great thing for Tesla shareholders, IMO because so much of the public is interested in the company.…
These are interesting questions, but for the most part, don't require concrete answers in the same way that "Do you have enough money?" do. Musk has plenty of places to talk about his bold ambitions and predictions. But the earnings call is one of the few regularly scheduled occasions when he and other executives can be demanded answers about current realities.
I've found that strategy to be pretty effectively employed by "perception management" types elsewhere. You know, guys with "reality distortion fields?" When you have a large group of people you're trying to maintain context for, you can end up getting into circumstances where you can get caught at giving contradictory statements more easily. Once the group catches that, they tend to dig and twist, and have further ammo for doing what you, the presenter, DON'T want.
Isolating said group members allows you the luxury of being able to devote your full attention to spinning the perception you're managing to only show what you want them to see without getting caught with your pants down by someone else you spun a yarn for previously.
I could be wrong of course, but I've seen it before.
Re: Tesla Plunges After a Conference Call
#270Earlier quoted context omitted.
A little more context from the WSJ article ( https://www.wsj.com/articles/teslas-elon-musk-turns-conferen... ) >“We’re going to go to YouTube, sorry. These questions are so dry. They’re killing me.” He directed the operator to take questions from Tesla investor Galileo Russell, whose HyperChange TV YouTube channel features a video titled, “Why I Bought Tesla Today at $255/Share.” >Mr. Russell, who had campaigned to g…
In the grand scheme of things figuring out how to make model3's faster than they can sell them is a boring problem for Musk and I could imagine how frustrating it must be to have all the banks freaking out as if they're going to miss a fleeting opportunity to sell a bunch of cars. It's like when Nikola Tesla was trying to build worldwide wireless telegraphy but J.P. Morgan just wanted him to make fluorescent lights.…