Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla Plunges After a Conference Call

bloomberg.com

Post reply on HN
Print view View original

391–400 of 414 posts

Re: Tesla Plunges After a Conference Call

#391

Post by Zhenya »

justin66 wrote: post #328
Zhenya wrote: post #190

What 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…

Unless he was confused (quite possible) Musk would have been referring to the CEO of Daimler Trucks North America, Martin Daum. https://www.bloomberg.com/news/articles/2018-02-21/daimler-t...

You seem to be absolutely correct.

The Diamler Trucks NA CEO is a banker.

Thanks for the link!

Re: Tesla Plunges After a Conference Call

#392

Post by shanghaiaway »

pooya13 wrote: post #290
JumpCrisscross wrote: post #22

Earlier quoted context omitted.

> Musk is not incorrect to suggest that investors who can't take that kind of risk should not be along for the ride Risk is fine. Blind risk is not. Questions about cash position for a money-losing company with less cash on hand than it burned in the trailing 12 months are prudent.

All the capex info was in their letter and they talked about it in the call as well. Why should all the investors have to listen to them repeat themselves? I for one appreciated that he skipped the question and did not waste my time. Also the reservation holder conversion rate is a highly strategic information and I don't think they should release that to the public. And to be honest it is irrelevant while they have…

Who do you imagine being behind your imagined propaganda campaign?

Re: Tesla Plunges After a Conference Call

#393

Post by pooya13 »

shanghaiaway wrote: post #392
pooya13 wrote: post #290

Earlier quoted context omitted.

All the capex info was in their letter and they talked about it in the call as well. Why should all the investors have to listen to them repeat themselves? I for one appreciated that he skipped the question and did not waste my time. Also the reservation holder conversion rate is a highly strategic information and I don't think they should release that to the public. And to be honest it is irrelevant while they have…

Who do you imagine being behind your imagined propaganda campaign?

Do I need to know who is behind it before I can tell that it is happening? When every negative event is blown out of proportions and the positive ones are not mentioned it appears that there is propaganda at work. But if I wanted to look I would start here: https://electrek.co/2016/11/22/elon-musk-right-wing-trump-pr...

Re: Tesla Plunges After a Conference Call

#394

Post by kneel »

xkjkls wrote: post #390
kneel wrote: post #389

Earlier quoted context omitted.

This kind of talk is exactly why Elon pulled the plug on the wall st questions. Society is PLAGUED with people who can't see any subject outside the lens of money. It's all people think about, it's disgusting. Tesla's CEO is an engineer first and foremost. He doesn't give a s * if a worthless day trader doesn't know how to position. If the company dips into unforeseen debt while ramping up production, whoops. They're…

> Society is PLAGUED with people who can't see any subject outside the lens of money. It's all people think about, it's disgusting. I'm sorry, but when trying to value an investment, or determining whether I should make a loan, I think the lens of money is important. There's a reason people form corporations rather than charities. Corporations are able to fund themselves sustain driving new things year over year. Cha…

I can tell you have your money spectacles on.

Tesla is doing fine. If you don't think the stock is worth it, don't buy it. There are plenty of other companies out there that need funding.

At some point you have to stop worrying about the monthly cash flow and believe in the product, although if you view everything through the lens of money I doubt that's possible.

Re: Tesla Plunges After a Conference Call

#395

Post by mmsimanga »

txcwpalpha wrote: post #364
mmsimanga wrote: post #329

Earlier quoted context omitted.

It's dumb if you willfully select to view the statement in isolation. Wall Street did not come about to make the world a better place but came about to make investors rich. It is this single-minded focus on wealth that I couldn't give a rats ass about. This focus of wealth from quarter to quarter is short-sighted and unrealistic in certain businesses.

This is, yet, again, an ill-informed and extremely narrow-minded statement. Stock markets came about because they were a way for farmers to hedge their bets against poor crop yields and allowed them, as well as the civilizations that depended on them, to survive winters without starving. Stock markets are responsible for the growth of major trade routes that did things like spread agricultural innovation, knowledge,…

This story was about how Musk replied to some investor questions. He said to them you need to be accept volatility. I support this view. I suggest you keep this context in mind when reading the comments instead of reading this as a thesis on the pros and cons of stock exchanges. Do you think everything about stock exchanges is good? Everything has pros and cons. From MySQL to PHP to Java. We all draw different conclusions based on our experiences, preferences and character. I have reported to too many accountants to actually give a rats ass about their so called "tough" questions.

Re: Tesla Plunges After a Conference Call

#396

Post by kc10 »

komali2 wrote: post #370
kc10 wrote: post #354

Earlier quoted context omitted.

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.

If you aren't investigating to hold, why are you investing? Was a large portion of your investment funds locked up in Tesla or something?

I did invest to hold, but the changes in the last year made be uncomfortable. I didn't like the SCTY bailout, recent departures in finance/accounting teams, not answering finance related questions in quarterly calls, their overall financial position many others.

I honestly think they need to raise more money to be successful. Musk says they don't need money and they can be profitable in next 2 quarters - let's see how it goes.

Re: Tesla Plunges After a Conference Call

#397

Post by ubernostrum »

erikpukinskis wrote: post #387
ubernostrum wrote: post #259

Earlier quoted context omitted.

You seem to think, and Musk seems to represent, that for most investors, investment is about ensuring each investment, in a vacuum, carries zero risk. Which is not true. Investors want to know about the risks, in detail, because then they can make informed choices. Maybe they'll adjust how much they invest, or look for offsetting investments (other companies or financial instruments that would go up if Tesla goes dow…

Musk is providing accurate information about the company: what they’re spending, what they’re doing, what their plans are. What he’s not providing is accurate predictions of how long things will take. And he’s not obligated to do. If investors want to make predictions, that’s their job. The company is only responsible for reporting what it did and what it will do.

“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, bonehead questions are not cool. Next?”

Yeah. Real helpful there in providing financial information to investors.

Re: Tesla Plunges After a Conference Call

#398

Post by marvin »

shanghaiaway wrote: post #392
pooya13 wrote: post #290

Earlier quoted context omitted.

All the capex info was in their letter and they talked about it in the call as well. Why should all the investors have to listen to them repeat themselves? I for one appreciated that he skipped the question and did not waste my time. Also the reservation holder conversion rate is a highly strategic information and I don't think they should release that to the public. And to be honest it is irrelevant while they have…

Who do you imagine being behind your imagined propaganda campaign?

Context notwithstanding; as a long-term Tesla shareholder I am a bit skeptical towards the Musk’s behavior on this call. (Haven’t heard it myself yet).

That said, Tesla currently has 38 out of 170 million total shares sold short. So there is a strong economic interest in the company failing.

Re: Tesla Plunges After a Conference Call

#400

Post by kbob »

DaiPlusPlus wrote: post #348
agumonkey wrote: post #64

Earlier quoted context omitted.

If Tesla folds, how much will they be able to refund to customers ? I guess it's probably written on the deposit contract. Also, I wonder how many would go buy a competitor EV vehicle if their Model 3 doesn't happen. Or will they go ICE ?

I drive a Tesla MX. If Tesla folds and my car gets destroyed I’m tempted to get the Jaguar iPace - it’s the only other “skateboard” BEV currently available. I don’t understand why all the other BEVs go for the “batteries in the trunk”-design when the skateboard model is clearly far superior.

You have to redesign the whole car to make room for underfloor batteries. EVs based on existing platforms have to work within the platform's constraints.

The Chevy Bolt is a clean-sheet design and is also a "skateboard".

Post reply on HN