Live data from Hacker News

Tesla Q1 2020 Update

ir.tesla.com

371–380 of 391 posts

Re: Tesla Q1 2020 Update

#371
post #80

Earlier quoted context omitted.

- 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.

You know, there just might be someone somewhere between Elon Musk and the CEO of IBM. And you know, maybe they could do a better job without literally being such a liability they have to write their own insurance contract.

And aggressive is not equivalent to irresponsible.

Re: Tesla Q1 2020 Update

#372
post #80

Earlier quoted context omitted.

You know, there just might be someone somewhere between Elon Musk and the CEO of IBM. And you know, maybe they could do a better job without literally being such a liability they have to write their own insurance contract.

There are ample number of companies between the two and CEOs as well. Tesla is doing just fine with Elon.

Are they? They've had a cumulative $18 billion invested in the company and have lost a total cumulative $7 billion.

Re: Tesla Q1 2020 Update

#373
post #27

Earlier quoted context omitted.

I just don't want a batshit crazy person running a company I invest in.

I felt that way and sold most of my stock after one of his previous tirades. I also thought that whole truck debacle would hurt them a lot more than it did. I've since learned.... don't bet against Musk

Depends on how long term your bet against him is.

Re: Tesla Q1 2020 Update

#374
post #27

Earlier quoted context omitted.

I just don't want a batshit crazy person running a company I invest in.

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)

How is faking a buyout offer for your company expressive? That's fraudulent.

> (weed is legal right? Yea, might smoke it, might not, does it matter? New experience is new data, hmm, doesn't seem too interesting).

Smoking weed on Joe Rogan's podcast forced the government to spend $2 million investigating the drug policies at SpaceX. Government contractors, especially those with security clearance are expected to have strict drug policies. Doing so sets an obviously bad example to all of your employees.

> They think he's insane. He isn't.

People don't think he's insane, they think he's a narcissist who is willing to say almost anything in order to satisfy his own ego or to meet some goal.

He needs to save his cousin's failing solar company, so he goes on stage with a fake product that has never come to fruition.

He needs to keep his shares a higher price in order to meet the debt convert convenants on some of his loans, so he fakes a buyout offer.

He has a cave diver see through his cynical PR move to insert himself in an international crisis, so he calls him a pedophile and pays a guy to try to dig up dirt on him.

He needs to re-open his Fremont factory in order to not keep burning cash in Q2, so he rails against "fascist policies" that close it down.

This isn't insanity; it's self-serving narcissism.

Re: Tesla Q1 2020 Update

#375

Earlier quoted context omitted.

> Most people can't handle that Right, we can't handle a billionaire demanding that everyone risk their lives to boost his stock price. And since when are arguments derived from first principles delivered in 3 word all-caps tweets?

You think Elon Musk's motivation is greed? That people going back to work or not will greatly affect his lifestyle? Is there any nuance when it comes to Elon Musk, or only fan-boys and haters?

Um, it could greatly depending on how Tesla is affected by this current lockdown and the recession afterwards. Close to half of Elon Musk's stock has been used in loans to finance his lifestyle of buying mansions, flying around in a private jet, and financing his other unprofitable companies.

If the price of Tesla stock ever goes down too far his whole empire risks crumpling.

Re: Tesla Q1 2020 Update

#376
post #326

Earlier quoted context omitted.

> multiple factories around the world They'll also need not economically stressed out customers around the world, which right now isn't really happening. If the low oil-prices won't halt the electric cars industry then the fact that they still have comparatively high prices will most certainly will. A few months ago I was saying that the industry needs cars worth 25,000-30,000 euros/dollars in order to really take of…

Their potential market will certainly be _lower_ while the pandemic is ongoing, but there's plenty of high-income folks who haven't been materially effected by the epidemic and might still want a luxury car. Most people I know are in the work-from-home crowd. There is the possibility that this might not be that big of a deal, given that they're a growth company. Depends how production-constrained they really are with…

Economic uncertainty, even with financial security, is almost certainly going to delay many car purchases. If you don't know whether we're going into 2021 with 20% unemployment, its pretty easy to decide to hold off a year. Also cars are being used close to 70% less during the lockdown.

Re: Tesla Q1 2020 Update

#377

Earlier quoted context omitted.

No, what's 'crazy' is having to read a mind-numbing comment claiming anyone is 'locking up people in their homes', in service of defending an out-of-touch billionaire who flies twice a day on his private jet, 200,000 miles in just the last 3 months. https://twitter.com/evdefender/status/1252352769605791744?s=... Why out of touch? Because 74% of Americans support the quarantine https://thehill.com/changing-america/wel…

This isn't your typicial political argument where you pick a side and dig in your heels. It's more like a goldilocks situation where we need "just enough" measures. In that vein I don't think we should just silence the opposite side and dismiss people wanting to open up as "crazy".

You can't praise China for its response then criticize the American response as fascism in your next sentence.

Re: Tesla Q1 2020 Update

#378
post #270

Earlier quoted context omitted.

Investor fraud isn't just whimsy nonconformism.

That's not what OP is saying. OP is saying what makes Elon good at his job is always what makes him say a meme tweet that gets him in trouble with the SEC. You get both.

> meme tweet that gets him in trouble with the SEC

The "meme tweet" defrauded investors. He barely got in any trouble with the SEC relative to what it was.

Re: Tesla Q1 2020 Update

#379
post #53

As an investor, I like the format these results are presented in. The slide deck approach is a lot more approachable than the typical text-only SEC filing. An average investor is much more likely to open this and read it than the typical financial statement. It's not over-the-top marketing agency gloss, but it has some nice touches. Of course, you also get the text-only filing to follow. As far as the key numbers, Te…

Not an investor, but Tesla is looking increasingly like a money printing machine to me with so much untapped potential that they could pivot to in many ways. The genius of the whole setup is that it's a car company that is basically a battery company but also a power infrastructure company. IMHO, any battery produced in the next decades will have some way of being sold profitably. It just so happens that cars are a v…

I expect the prospects for the cybertruck are good enough to require an entire new battery factory of its own.

Re: Tesla Q1 2020 Update

#380

Earlier quoted context omitted.

Musk might just be venting on Twitter, as another commenter has suggested, but one way or another these tweets might turn out to benefit him. From what I can tell based on both personal and online interactions, it seems to me that U.S. public sentiment has been shifting against the lockdowns recently - and not just among some fringe protester groups, but among all kinds of demographically and ideologically different…

> it seems to me that U.S. public sentiment has been shifting against the lockdowns recently - and not just among some fringe protester groups, but among all kinds of demographically and ideologically different groups Nope, ending the lockdowns is not a popular movement. More than twice as many people believe they don't go far enough as believe they go too far.[1] "Only 12% of Americans say the measures where they li…

The polls do seem to show that the lockdowns are popular, but I feel like I have detected a real shifting of sentiment on social media recently. I think that my sample does reflect something about reality since I even have noticed the shift on places that just a few weeks ago were staunchly pro-lockdown.

I do not know how to reconcile my experience with the polls, though.

Post reply on HN