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Tesla Plunges After a Conference Call

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Re: Tesla Plunges After a Conference Call

#351

Post by komali2 »

refurb wrote: post #318
komali2 wrote: post #227

Earlier quoted context omitted.

Nice, helping make it cheaper for us :) I for one have been loving the dump, makes it real easy to buy.

I have a feeling that posts like this are going to be very entertaining to read in a year or so. Just like the "Dropbox is a stupid idea because..." everyone loves to quote.

Given how much content people post, we can just wait for any company to fail, then google their ticker on sites with comments, find some "idiots" talking about buying their stocks, and laugh at them.

Re: Tesla Plunges After a Conference Call

#352

Post by komali2 »

spookthesunset wrote: post #347
komali2 wrote: post #227

Earlier quoted context omitted.

Nice, helping make it cheaper for us :) I for one have been loving the dump, makes it real easy to buy.

Sounds like something a bitcoin user might post...

Investing in the stock market is equivalent to buying bitcoin?

Re: Tesla Plunges After a Conference Call

#353

Post by kc10 »

pm90 wrote: post #298
kc10 wrote: post #122

I 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.

well, I do invest in ETFs and also pick the stocks I believe in and invest for long term.

Since I average it out over several years by investing fixed amount every 15 days, it worked out pretty well for me. (esp. investments in BTC, ETH worked out great :-) ). But I agree I might lose in few of these (or most) I pick and I am okay with that.

Re: Tesla Plunges After a Conference Call

#354

Post by kc10 »

komali2 wrote: post #227
kc10 wrote: post #122

I 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…

Nice, helping make it cheaper for us :) I for one have been loving the dump, makes it real easy to buy.

Good for you. Great if every thing works out well and everyone makes money.

There are plenty other good companies selling great products where I can invest my money.

Re: Tesla Plunges After a Conference Call

#355

Post by freeopinion »

xkjkls wrote: post #253
freeopinion wrote: post #201

Earlier quoted context omitted.

That's interesting. In 2017 Trek manufactured more than 350 different models of bicyle[0]. I'm not sure how that reflects on Tesla. Tesla is not manufacturing bicycles. Nor are they manufacturing Model As in the 1930s automobile market. [0] https://archive.trekbikes.com/us/en/2017

Why should Tesla not be compared to historical parallels?

It's also worth noting that Ford Motor company was founded in 1903. They installed their first moving assembly line at the end if 1913. This is the innovation for which Henry Ford is most famous.

By the 1930s, Ford Motor had 30 years of experience. Between 1908 and 1924, Ford built 10 million Model Ts.[0]

I don't know if Tesla will build 10 million cars by 2024. I think that would be incredible if they did. Nor do I know if they will be manufacturing 2 million/year by 2030. If that happens, they will have matched Ford. They will have done it in a mature market, unlike Ford. They will have done it with modern manufacturing technology. They will have done it when owning a car is taken for granted. I'm still not sure how that comparison would reflect on Tesla.

A comparison with 1918 Ford vs 2018 Tesla seems more relevant than a comparison between 1930s Ford and 2018 Tesla. But it still doesn't seem like a very clean comparison.

[0] https://www.history.com/this-day-in-history/fords-assembly-l...

Re: Tesla Plunges After a Conference Call

#356

Post by kc10 »

garmaine wrote: post #184
kc10 wrote: post #122

I 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…

Serious question: why do you pick stocks?

For fun and I don't mind losing a portion of my investments on these bets I believe in.

Re: Tesla Plunges After a Conference Call

#357

Post by vkou »

ghostbrainalpha wrote: post #51
frgtpsswrdlame wrote: post #24

Earlier quoted context omitted.

Yeah but his questions weren't really that great. The two questions from analysts he skipped before throwing it to the youtube guy were tough questions asking about specific details that Elon obviously didn't want to answer. Youtube guys questions were softer which is why Elon stayed with him for so long. I have to say I think letting someone like Gali ask questions at all is pretty bad, it specifically degrades what…

So Musk turned a Conference Call that people want to be like a trial... into a commercial for Tesla. You may not like it as a speculator of the stock, but it might be more in line with his and Telsa's long term interest.

> You may not like it as a speculator of the stock

Or, you know, an owner of the stock with a long position. Someone who cares that the company is a viable business.

> but it might be more in line with his and Telsa's long term interest.

His long-term interests don't matter. It's a public company. His shareholders' long term interests are what's important - his job is to execute on them. If he can't do that, he shouldn't have taken the company public.

He works for these investors, not the other way around.

Re: Tesla Plunges After a Conference Call

#358

Post by vkou »

nodesocket wrote: post #124
mephitix wrote: post #5

I 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…

Disagree about it being embarrassing and cringey. I appreciate his no-bs and no-fluff candor. Elon called out the press for writing misleading articles to generate clicks. He went as far as calling it irresponsible and dangerous. He also called out day-traders, saying of you can't handle volatility then sell your stock. "I am not here to convince you to buy Tesla stock." You can listen to the call at https://edge.med…

When my landlord next asks me about when my rent cheque's coming, I'll let him know that I find his line of questioning to be boring fluff.

He's just not ready for me as a tenant.

Re: Tesla Plunges After a Conference Call

#359

Post by petra »

nostrademons wrote: post #332
petra wrote: post #322

Earlier quoted context omitted.

Is it really ideal doing things this way ? Or is it just part of an ego trip, and deciding on such complex things as vision an strategy for a company are better done in a collaborative fashion, maybe with the CEO as the final arbitrer ? And how much of that image of a all knowing visionary CEO is just a manufactured image ?

It's pretty difficult to generate a coherent vision by committee - you usually end up with something that nobody finds compelling, not even the people who collaborated on it. And of course the image of an all-knowing visionary CEO is a manufactured image! It's not like people can actually predict the future. Rather, it's selection bias at work. Those CEOs whose vision doesn't resonate end up getting replaced, or thei…

Sure visions aren't usually created by committee. But aren't visions usually starting very raw, and not really that valuable or unique("let's build a computer for every pocket") - and to get to a coherent and unique vision, you need some research and exploration, which is usually a team effort ?

Re: Tesla Plunges After a Conference Call

#360

Post by vkou »

killjoywashere wrote: post #252
craftyguy wrote: post #213

Earlier quoted context omitted.

Not really. Attracting the right kind of investors is more important to him than attracting all the investors. There are folks with dollars who can stomach TSLA, and there are folks who can not. Some might argue that it's better for the company overall (especially in the longer term) to attract the former and ignore the latter. The latter will generate a ton of noise, and cause great instability in the stock price be…

Interesting proposition: deflate your stock value which makes the stock more accessible to risk-tolerant investors, while shedding the sort of nervous investor you don't want.

It also makes it more expensive to borrow money, pay employees, and opens you to hostile takeovers.
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