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Tesla Q1 2020 Update

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Re: Tesla Q1 2020 Update

#111

Post by mettamage »

YorickPeterse wrote: post #82
mettamage wrote: post #59

Earlier quoted context omitted.

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…

> They can't handle when someone is expressive (aka the Tesla @ 420 tweet, he simply expresses his opinion) He tweeted about having money to take Tesla private, which from what I remember turned out to be false. Lying is not being expressive, it's just that: lying.

I don't know enough about this (how CEOs ought to behave) and I don't know to what extent Elon Musk cares.

But I do know what I'd think in his position: I'd care more about freedom of speech. I believe that I should be capable of saying whatever I want (usual restrictions apply, hate speech etc.). Even if that means that I'm tweeting on a social platform about the share price.

Twitter is not a platform where official stuff should be on. That is what press releases are for. If people believe Twitter, then where should I go (as the new imagined Tesla CEO) to just say whatever the hell I want?

In any case, that's how I would think about it.

You're correct though, it is lying. Lying is a consequence of saying whatever you want to say.

When he wrote that tweet, I thought nothing of it. I just thought that it was his own private ideas that he wrote out in the world because he likes to interact. I know how naive that sounds, but I would be that naive as Tesla's new imagned CEO. And there are a few hints that Elon might be that as well. But of course, that's a different discussion whether he actually is (on paper: probably not, when I look at his behavior: well... it could be).

Re: Tesla Q1 2020 Update

#112

Post by grecy »

blizkreeg wrote: post #98
xur17 wrote: post #54

Earlier quoted context omitted.

Plus, the price of gas has gone down significantly, hurting one of the benefits of electric cars.

I don't believe the Tesla crowd bought theirs to save on gas anyway, so not sure if this is true.

Maybe not, but if gas had continued to go up in 2020 and 2021, you'd have to think that would help convince move people to shift over to electric.

Re: Tesla Q1 2020 Update

#113

Post by ra7 »

xiphias2 wrote: post #20
chollida1 wrote: post #2

Since, things are slow, my notes.... Misc: - Fremont plant idle since March 23rd - raised 2.3B in February, which seems really well timed now - Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy - can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life - Shanghai Giga reopened on Feb 10th, showing the importance of…

- Will Elon stop with tweets that hurt Tesla? Appoint a CEO, or COO to run things to take pressure of Elon? I have read this from so many people for the last 5 years all the time. Sure, the tweets show that Elon wants faster growth, and frustrated, and I didn't like that tweet either, but if you want a conservative CEO, buy IBM or Oracle stocks, please leave Tesla alone.

Since when does a non-conservative CEO mean spouting crazy, uninformed opinions on Twitter? He has repeatedly downplayed the virus, "predicted" there would be zero cases by end of April, his Fremont factory played cat-and-mouse game with county officials for suspending production during lockdown. He's just another billionaire who doesn't care about anything other than his business even if people are dying.

Re: Tesla Q1 2020 Update

#114

Post by Obi_Juan_Kenobi »

tempsy wrote: post #72

I’m watching in disbelief at the stock market making a V shaped recovery. Nasdaq is only a few percentage points off it’s all time high. I guess don’t underestimate the American consumer even at a time of economic uncertainty? I don’t know how else to explain record sales from Tesla, Facebook, and Microsoft today.

Don't lose sight of reality; business closings left and right, layoffs, pay cuts, etc.

Don't let the zero-hedge crowd turn you off to arguments about funny-money from the fed. This is a fairly predictable result. Fed supplies money. Money has to be put to use. Where is productive capital? Interest rates are itty bitty. Stocks look high but .. what else to do? Risk buying high now or inflation later.

But this can only remain decoupled from the economic reality for so long.

Re: Tesla Q1 2020 Update

#115

Post by mettamage »

gamblor956 wrote: post #95
mettamage wrote: post #59

Earlier quoted context omitted.

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…

He thinks from first principles (aka how does the world really work?) and he communicates that way. Everyone does that. Most of us just aren't stupid until to think that this means we suddenly experts in fields we know nothing about, especially when the "first principles" Musk deals with are just simplified abstractions of very complicated subjects. Or all we all forgetting that Musk has claimed that a substance whic…

You have a couple of points that I would need to look into. I do remember that he was a bit too fast with certain things (seems to be an ailment of SV in general, fail fast and all that).

The comment that he acts like an expert where he isn't is probably a valid one (haven't looked into it, I'm hearing it sometimes though).

> Everyone does that.

You have a completely different social circle than me then. Some people don't believe in atoms, they believe in aura's.

Re: Tesla Q1 2020 Update

#117

Post by Zenbit_UX »

tempestn wrote: post #11
TravisSc6tt wrote: post #5

Earlier quoted context omitted.

I've noticed that companies' stock prices don't always correlate to the performance of their past quarter. Wonder why

Change in stock price on earnings news tends to correlate to the performance relative to expectations . The estimated performance is already priced in, so the movement will be based on how much better or worse the actual results were than the estimated/anticipated ones. In this case, it was obviously a bad quarter for Tesla, but the bump suggests that traders expected it to be even worse.

> but the bump suggests that traders expected it to be even worse.

You're a bit too kind with your wording, it doesn't _suggests_ so much as it literally _means_ that. Plenty of websites show you what investors are expecting, if Tesla says more/less price fluctuates accordingly.

Re: Tesla Q1 2020 Update

#118

Post by maxharris »

hinkley wrote: post #46
chollida1 wrote: post #2

Since, things are slow, my notes.... Misc: - Fremont plant idle since March 23rd - raised 2.3B in February, which seems really well timed now - Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy - can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life - Shanghai Giga reopened on Feb 10th, showing the importance of…

It has been said before and should be said again: Elon needs an assistant who shuts his fucking phone off at midnight. It's like the moon comes out and he turns into a werewolf. There was a theory that he's Ambien-tweeting, but I suspect he just never learned in college like many of us that any idea that sounds really good at 1 am is probably really stupid.

Elon has done well by me. Every company he runs turns to gold. I wouldn't have him change a thing.

Seriously, given his performance over the long-term, I hope he tweets even more. It enrages people that can't think past the next quarter, and that's good for long-term shareholders like me!

Re: Tesla Q1 2020 Update

#119

Post by mettamage »

Swenrekcah wrote: post #102
mettamage wrote: post #59

Earlier quoted context omitted.

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…

I don't think people doubt his smarts or business acumen. I'm really impressed by the guy. But his behaviour also shows him to be reckless and a disregard for the rules. This is great to an extent when building a business but he just really has to rein it in with regards to his publicly traded companies, that shouldn't be too much to ask.

Well, we all know he's willing to lose it all.

> he just really has to rein it in with regards to his publicly traded companies, that shouldn't be too much to ask.

Sounds fair enough

Re: Tesla Q1 2020 Update

#120

Post by stcredzero »

hinkley wrote: post #46
chollida1 wrote: post #2

Since, things are slow, my notes.... Misc: - Fremont plant idle since March 23rd - raised 2.3B in February, which seems really well timed now - Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy - can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life - Shanghai Giga reopened on Feb 10th, showing the importance of…

It has been said before and should be said again: Elon needs an assistant who shuts his fucking phone off at midnight. It's like the moon comes out and he turns into a werewolf. There was a theory that he's Ambien-tweeting, but I suspect he just never learned in college like many of us that any idea that sounds really good at 1 am is probably really stupid.

Elon needs an assistant who shuts his fucking phone off at midnight.

That sounds like a Joey Skaggs hoax: An agency for hiring an assistant who shuts your f#%king phone off at midnight.

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