Elon Musk goes on Twitter to defend his freaky earnings call behavior
05 May, 2018, 01:46 | Author: Samuel Sharp
Musk interrupted the analyst and dismissed his question, indicating that "boring" questions are "not cool".
If Elon Musk has any regrets about dissing some pesky stock analysts in a call this week to discuss Tesla's latest earnings, it's not showing up in his Twitter feed. But the two have "hold" or "neutral" ratings on the stock, according to Thomson Reuters data. "It's actually thinking they know more about Autopilot than they do, like quite a significant understanding of it".
I asked Musk how he thinks it will compare to the 2013 short squeeze that followed his 2012 warning to the shorts.
Musk suggested that the two questioners he ignored on the Q1 call "are sell-side analysts who represent a short-seller thesis, not investors". The wisdom behind the hedging strategy is that as these huge, influential stocks go, so does the market - so taking a short position in them means protecting against an index drop. "We're going to go as long as there are good questions to answer", he said of the question and answer phase of the call. (TSLA) sank this week on concerns over its most recent earnings call, which some on the Street said was the most freaky they have ever experienced.
Speaking at the Kase Learning Short Selling Conference in New York, Stanphyl Capital Partners founder Mark Spiegel criticized Tesla's financials and said they are "worsening" under heavy competition from luxury automakers.
As for the Model 3 reservations question, he described that as "absurd" on Twitter.
"This is a financial analyst call, this is not a TED talk", the analyst said, adding that Musk's behavior was concerning because it shows he's not interested in the financial side of his "visionary" projects.
Tesla tore through $745.3 million in cash in the quarter, due largely to the slow production ramp-up of the Model 3 mass-market electric sedan.
He explained that the question from Bernstein's Sacconaghi was "boneheaded" because the topic had already been covered in a shareholder letter.
Still, it comes up well short of the walkout organizers' demand that funding be restored to 2008 levels, adjusted for inflation. They also wanted the state to fully restore funding cuts made in the past decade, which would have cost more than $1 billion.
The SEC said it asked a federal judge to step in after Carter ignored two subpoenas requesting his testimony. And just previous year , the company triggered another Rocawear write-off to the tune of $34 million.
It said that if a peace treaty was signed, justifying the presence of US forces in South Korea would be hard . A headline on Business Insider read , "North Korea Reportedly Hands Trump Another Big Win by Releasing U.S.
The former official was not authorized to speak publicly about private conversations and requested anonymity. Four unnamed sources said that the comment was, in fact, said. "They aren't having any issues whatsoever".
New data released by World Health Organization shows that nine out of 10 people breathe air containing high levels of pollutants. As per the ambient air quality report released by the in 2017, Lucknow had "good quality air" just for 17 days.
Days later, a Reuters photographer took a photo that showed just a yellow patch of grass where it was planted on the South Lawn. The sapling originates from northern France World War I near a place where thousands of US troops died battling German forces.
Maximum and minimum EPS estimate for the current quarter is projected at $10.78 and $7.11, respectively, according to 15 analysts. The Lomas Capital Management Llc holds 143,798 shares with $24.79 million value, down from 149,121 last quarter.
Kim Dong-chul, a pastor in his early 60s, was detained in 2015 on spying charges and sentenced to 10 years' hard labour in 2016 . Kim had made the comments during his summit with South Korean President Moon Jae-in on Friday at a border truce village.
Sandoval organized a student walkout and rally Wednesday at ATC aimed at raising awareness of Second Amendment rights. Students at one Cape Coral High School joined a national movement to stand up for their second amendment rights .
North Korea changes its time zone to match South
Trump also said then that the Southeast Asian city state of Singapore was also in the running to play host. "We now have a date". It remains unclear if Kim has relaxed that demand as he turns to diplomacy with adversaries after a year of escalating tensions.
Mike Pompeo takes oath as Secretary of State
Now, on his first day back in Washington, he is re-shining the spotlight on the role of America's top diplomat. As he gestured to Pompeo, he added that "that spirit will only be magnified with this man right here".
Xiaomi files for largest Chinese tech IPO since 2014
Its 2017 revenue surged by 67.5% to 114.6 billion yuan ($18 billion), with overseas sales more than tripling to 32.1 billion yuan. That puts it in fourth spot globally behind Samsung, Apple and Huawei, both by market share and by actual shipment.