Tesla Plunges After a Conference Call

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 that the team overall did a great thing by allowing Gali but wished that Elon didn’t insult the institutional investors by (at least so harshly) dismissing valid questions.

Re: Tesla Plunges After a Conference Call

#6

Post by danso » Thu, May 03, 2018, 5:30 PM UTC

Is Musk still working long hours and sleeping at the car factory? Maybe he's a little under the effects of sleep deprivation.

Re: Tesla Plunges After a Conference Call

#7

Post by ttul » Thu, May 03, 2018, 5:30 PM UTC

Tesla is clearly flying close to the sun, and Musk is not incorrect to suggest that investors who can't take that kind of risk should not be along for the ride; however, it probably would have been more prudent to hold back on that pronouncement, given that many investors seem to have taken the hint and exited the stock...

Tesla is a giant confidence game - as are most high growth opportunities.

Re: Tesla Plunges After a Conference Call

#8

Post by danso » Thu, May 03, 2018, 5:31 PM UTC

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…

Letting one person ask 10 questions means less time for other investors to ask their own individual questions.

Re: Tesla Plunges After a Conference Call

#9

Post by [deleted] » Thu, May 03, 2018, 5:33 PM UTC

ttul wrote: post #7

Tesla is clearly flying close to the sun, and Musk is not incorrect to suggest that investors who can't take that kind of risk should not be along for the ride; however, it probably would have been more prudent to hold back on that pronouncement, given that many investors seem to have taken the hint and exited the stock... Tesla is a giant confidence game - as are most high growth opportunities.

[deleted]

Re: Tesla Plunges After a Conference Call

#10

Post by mephitix » Thu, May 03, 2018, 5:33 PM UTC

danso wrote: post #8

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…

Letting one person ask 10 questions means less time for other investors to ask their own individual questions.

This is true, but retail investors don’t typically interact at this level. At the beginning of the call Elon said that they would let the earnings call run until they were out of questions. That clearly didn’t happen...