<story><title>Tesla Plunges After a Conference Call</title><url>https://www.bloomberg.com/news/articles/2018-05-03/musk-says-don-t-buy-volatile-tesla-stock-investors-take-heed</url></story><parent_chain><item><author>kneel</author><text>Because he&amp;#x27;s Elon Musk and he doesn&amp;#x27;t care about investor returns, he wants to build rockets, cars, tunnels, and explore space.&lt;p&gt;No matter what he does he&amp;#x27;ll more than likely be fine on the money side.</text></item><item><author>danso</author><text>Er, why is asking for something fundamental to running a business (i.e. &amp;quot;How much money do you have&amp;#x2F;need?&amp;quot;) a partly boring&amp;#x2F;boneheaded&amp;#x2F;uncool question?</text></item><item><author>imdsm</author><text>To be fair, he&amp;#x27;s not entirely wrong. I guess people just don&amp;#x27;t expect this type of response. But then, acting within the confines of normality isn&amp;#x27;t really the trait that may bring the dawn of a new era of humanity.&lt;p&gt;Interestingly though, markets are reaction to this response emotionally.</text></item><item><author>JumpCrisscross</author><text>&amp;quot;Sacconaghi pressed ahead with another query about Tesla lowering its 2018 capital expenditure projection to $3 billion, from $3.4 billion. Ahuja said the carmaker would spend less by simplifying its approach to automation and curtailing infrastructure outlays.&lt;p&gt;&amp;#x27;And so where specifically will you be in terms of capital requirements?&amp;#x27; Sacconaghi said.&lt;p&gt;&amp;#x27;Excuse me. Next. Next,&amp;#x27; Musk said to the call operator. &amp;#x27;Boring, bonehead questions are not cool. Next?&amp;#x27;&amp;quot;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;articles&amp;#x2F;2018-05-03&amp;#x2F;elon-musk-s-most-dumbfounding-moments-on-tesla-s-earnings-call&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;articles&amp;#x2F;2018-05-03&amp;#x2F;elon-musk...&lt;/a&gt;</text></item><item><author>mephitix</author><text>I was on this call. It was extremely cringey&amp;#x2F;embarrassing to hear Elon dismiss valid questions.&lt;p&gt;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!&lt;p&gt;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.</text></item></parent_chain><comment><author>JumpCrisscross</author><text>&amp;gt; &lt;i&gt;he&amp;#x27;s Elon Musk and he doesn&amp;#x27;t care about investor returns&lt;/i&gt;&lt;p&gt;Then he shouldn&amp;#x27;t be the CEO of a public company which continues to sell stock and debt to investors on the promise of a return.&lt;p&gt;Also, Elon Musk very much &lt;i&gt;does&lt;/i&gt; care about returns. He has a great track record in that department. He&amp;#x27;s just learned it&amp;#x27;s not something that&amp;#x27;s healthy to focus on in the short-term. Unfortunately, running out of cash forces the compression of time horizons. The latter is what investors are rightfully worried about.</text></comment>
<story><title>Tesla Plunges After a Conference Call</title><url>https://www.bloomberg.com/news/articles/2018-05-03/musk-says-don-t-buy-volatile-tesla-stock-investors-take-heed</url></story><parent_chain><item><author>kneel</author><text>Because he&amp;#x27;s Elon Musk and he doesn&amp;#x27;t care about investor returns, he wants to build rockets, cars, tunnels, and explore space.&lt;p&gt;No matter what he does he&amp;#x27;ll more than likely be fine on the money side.</text></item><item><author>danso</author><text>Er, why is asking for something fundamental to running a business (i.e. &amp;quot;How much money do you have&amp;#x2F;need?&amp;quot;) a partly boring&amp;#x2F;boneheaded&amp;#x2F;uncool question?</text></item><item><author>imdsm</author><text>To be fair, he&amp;#x27;s not entirely wrong. I guess people just don&amp;#x27;t expect this type of response. But then, acting within the confines of normality isn&amp;#x27;t really the trait that may bring the dawn of a new era of humanity.&lt;p&gt;Interestingly though, markets are reaction to this response emotionally.</text></item><item><author>JumpCrisscross</author><text>&amp;quot;Sacconaghi pressed ahead with another query about Tesla lowering its 2018 capital expenditure projection to $3 billion, from $3.4 billion. Ahuja said the carmaker would spend less by simplifying its approach to automation and curtailing infrastructure outlays.&lt;p&gt;&amp;#x27;And so where specifically will you be in terms of capital requirements?&amp;#x27; Sacconaghi said.&lt;p&gt;&amp;#x27;Excuse me. Next. Next,&amp;#x27; Musk said to the call operator. &amp;#x27;Boring, bonehead questions are not cool. Next?&amp;#x27;&amp;quot;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;articles&amp;#x2F;2018-05-03&amp;#x2F;elon-musk-s-most-dumbfounding-moments-on-tesla-s-earnings-call&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.bloomberg.com&amp;#x2F;news&amp;#x2F;articles&amp;#x2F;2018-05-03&amp;#x2F;elon-musk...&lt;/a&gt;</text></item><item><author>mephitix</author><text>I was on this call. It was extremely cringey&amp;#x2F;embarrassing to hear Elon dismiss valid questions.&lt;p&gt;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!&lt;p&gt;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.</text></item></parent_chain><comment><author>s2g</author><text>Then he should be fired because he doesn&amp;#x27;t care about his job.&lt;p&gt;I am so sick of the cult of Elon. There is no defending his behaviour here.</text></comment>