I’m curious: was the word “bizarre” always missing in the title or has it been dropped later?
Tesla Plunges After a Conference Call
291–300 of 414 posts
Re: Tesla Plunges After a Conference Call
#292I was on this call. It was extremely cringey/embarrassing to hear Elon dismiss valid questions. At the same time, it was fantastic to see a young, smart, retail investor (Gali from Hyperchange) get to ask so many questions directly to the leadership team. I thought before the call that Gali would get to ask only one question, like the other analysts. He was able to ask almost 10! It was surreal. I was left feeling th…
7% drop does not really equate to Tesla Plunges IMO.
Was this bad enough that you wanted to sell?
Re: Tesla Plunges After a Conference Call
#293Earlier quoted context omitted.
It's the second time in a short while that he shows he does not want to run the company like it is a public company. But he does want access to that capital. Those two don't mesh.
> It's the second time in a short while that he shows he does not want to run the company like it is a public company. But he does want access to that capital. I think that Matt Levine (bloomberg) might suggest there's more & easier money to be had in the private market, anyway (see Uber, pre-IPO Spotify, etc...). The problem for Musk, if he also shares that view, is that taking the company private seems (to me) like…
I have no idea why anyone would ever downvote this, it’s a very non controversial statement. Being a public company is a double edged sword, it most definitely has downsides to go with the upsides. Depending on the company/industry/timeline/economy/etc., for some companies the downsides of being public can become a lodestone dragging them down (see Dell).
Re: Tesla Plunges After a Conference Call
#294Earlier quoted context omitted.
"Sacconaghi pressed ahead with another query about Tesla lowering its 2018 capital expenditure projection to $3 billion, from $3.4 billion. Ahuja said the carmaker would spend less by simplifying its approach to automation and curtailing infrastructure outlays. 'And so where specifically will you be in terms of capital requirements?' Sacconaghi said. 'Excuse me. Next. Next,' Musk said to the call operator. 'Boring, b…
I'm not defending Elon's behavior here, but speaking more generally: if you're in a place where you need to maintain maximum productivity for a while, because a deadline has slipped for example, meetings can turn into a massive time sink if you don't act like a total nazi during them. In so many meetings, people just want to hear themselves talk, whether to offer some opinion, reiterate some point, or ask some useles…
This is not a very frequent meeting. He is explaining to the public & investors why they should keep backing Tesla, and it happens only once a quarter. It's worth being thoughtful, given the tens of billions of dollars all the non-Elon shareholders have at stake.
Re: Tesla Plunges After a Conference Call
#295It's so hard to see them starting to falter. They were on the cusp of mainstream success.
They don’t seem to be faltering to me. They’re doing better than they ever have been. They sold almost as many cars last quarter as they did in all of 2014 (which happens to be when I ordered mine). Model 3 production is ramping up much faster than Model S or X production did, and is only a few months behind Elon’s notoriously optimistic predictions.
Re: Tesla Plunges After a Conference Call
#296Earlier quoted context omitted.
You know Elon doesn't actually like turn wrenches and connect wiring harnesses right? Talking on the phone with investors and making sure the company maintains creditworthiness is his actual core job.
Indeed. It is obvious to anybody looking at the balance sheets of the company that TSLA will need to raise capital soon. Either late 2018 or maybe early 2019. A company with $3 Billion cash that's losing $1-billion per quarter will need more money. That's just the facts. Musk is going to be either relying upon institutional investors / the stock market in general for another round of equity offerings, or relying upon…
Linear approximations aren't really the best way to do time series predictions.
Re: Tesla Plunges After a Conference Call
#297It’s alarming to see the volume of kneejerk defensiveness here. You can idolize Elon Musk but still have a fact-based, rational perspective. You can be rooting for Tesla in the most tribal and idealistic way imaginable and still see their financial challenges clearly and analytically.
Re: Tesla Plunges After a Conference Call
#298I have been investing a portion of my paycheck every month for the last three years and never sold TSLA. It's bothering me to see so many high profile departures particularly in finance/accounting groups. And yesterday's conference call was a disaster, I see it as dodging valid questions related to current state of the company and answering open ended interesting questions like "When will Tesla launch its own network…
Picking stocks like that is not considered a good way of investing your money (unless its a small portion which you specifically don't expect to appreciate). I urge you to reconsider your financial planning and perhaps take a look at ETF's.
Re: Tesla Plunges After a Conference Call
#299Earlier quoted context omitted.
but thousands of model3's are being produced and delivered every week. at this point it's just a matter of time for reservations to be filled and velocity will ramp up naturally as they improve their process. the investors panicking because velocity isn't doubled yesterday doesn't seem like long term thinking.
You can't focus on the long term at the expense of the short term if in between you're bankrupt.
This is a lot like the fallicious thinking surrounding poor people and why they so often remain in such shitty circumstances.
If they could afford long term planning and investment, by definition they wouldnt be poor.
Re: Tesla Plunges After a Conference Call
#300Not that it's going to happen. But Apple is sitting on ~$270b of cash (1). And is run by a guy in Tim Cook that is a world class operator and fulfillment guy. And who has been criticized for lacking vision :) We can dream right? (1) https://www.cnbc.com/2018/05/01/apple-q2-2018-earnings-heres...
Apple buying Tesla would be a gigantic waste of money. Ben Thompson has explained why in a couple good Stratechery posts, but the tl;dr is, a large percentage of Tesla's valuation is goodwill (its reputation and "coolness factor"), and Apple already has plenty of that, so all the money Apple spent for that piece of Tesla's value would be pure waste. And that's before you get into the fact that huge acquisitions, wher…
Both Apple and Tesla sell luxury electronics.
The difference is in just in the size and the number of moving parts.