161–170 of 414 posts
Like trucks and vans etc.
Pipe-dream sure, but I was really hoping that this would happen.
How hard would it be to extend the length of the chassis only to allow for a long van/bus/truck be built on top of it (and by how hard, I mean "how hard" - not "it couldn't be that hard, could it" type of question)
Elon has always seemed to have the attitude of "not everyone should invest in this stock". I find this refreshing. God forbid a CEO do anything except try to drive the share price as high as humanly possible. I don't know if this carries the same weight in a public company, but setting expectations with investors is super important in a startup and prevents a ton of wasted time wrangling investors who don't get the t…
Actually as a CEO he has a fiduciary duty to maximise shareholder value.
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
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Actually as a CEO he has a fiduciary duty to maximise shareholder value.
That's not entirely true. He has duties to run the company in with good faith and care, but not necessarily to maximize shareholder value.
>'the CEO said an analyst was asking “boring bonehead questions” that were “not cool.”' The thing is that he isn't wrong. I listened to one of these earnings calls the other day and literally fell asleep.
It's literally his job to talk to investors. He explicitly invited those questions, too. Obviously it would be boring to you as a layman with no money on the line. I'm sure I'd be bored too. That's not relevant though.
I totally agree, still in my experience they are quite boring. I'm not even advocating for any kind of change or anything, they are probably supposed to be boring.
>"Obviously it would be boring to you as a layman with no money on the line."
Why would you I assume I was listening to an earnings call without money on the line? But actually, now that you mention it, recordings of those calls could be a good insomnia cure.
Elon has always seemed to have the attitude of "not everyone should invest in this stock". I find this refreshing. God forbid a CEO do anything except try to drive the share price as high as humanly possible. I don't know if this carries the same weight in a public company, but setting expectations with investors is super important in a startup and prevents a ton of wasted time wrangling investors who don't get the t…
This is financial suicide for the company. TSLA needs more money this year or next year. Losing $1 Billion per quarter means he is relying on his shareholders each time he raises another round of equity.
The $1.7+ Billion to build the Gigafactory was from the Stock Market (https://electrek.co/2016/05/25/tesla-tsla-stock-offering-pro...). Tesla will need future rounds like this to continue to function.
Pissing off shareholders and reducing the value of your stock is financial suicide.
Having watched clip in the article and given I don't have any Tesla stock. Additionally having been an operations manager I have some sympathy for Musk. Every Tom, Dick, and Sally has an opinion but very few have the know-how to help. But in today's world who needs to be an expert to comment or pass judgment. On the one hand we have CEOs who chase the quarterly earnings at the cost of long-term sustainability. Musk s…
Firstly, this was not some PR event. Musk had large number of people knew what they were talking about wanting to ask tough questions. What Musk is interested in is not relevant. Secondly, Musk can't avoid short term investor questions because unless he answers them, there may be no longer term. This kind of clear avoidance of difficult questions can easily add one percentage point to Tesla's future loans and reduce…
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I disagree - I thought the questions were good. I wish both sides were able to answer questions, as Elon had promised in the beginning of the call! (He said something along the lines of, we want extra time for Q&A, will keep the call running until there are no more questions) Having a retail investor at the table is a great thing for Tesla shareholders, IMO because so much of the public is interested in the company.…
These are interesting questions, but for the most part, don't require concrete answers in the same way that "Do you have enough money?" do. Musk has plenty of places to talk about his bold ambitions and predictions. But the earnings call is one of the few regularly scheduled occasions when he and other executives can be demanded answers about current realities.
Allowing him to ask almost 10, especially after the abrupt shutdown of the other questions, came off as a slap in the faces of the other analysts.
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Why does Elon Musk have any credibility regarding the cash position of his company? He's repeatedly made similar statements that didn't turn true too.
I take what he says, especially in tweets, with a grain of salt. That's why I ignored the tweet - but I looked at the earnings, which re-iterated this (as I said in the comment above)
And if it does raise more capital, how do you justify the $50 billion market cap if your earnings are crippled with so much debt financing?