Musk defends cutting off analysts during conference call
Musk defends cutting off analysts during conference call
Elon Musk’s April Fool tweet sent shares tumblingSUZANNE CORDEIRO REX
06 May, 2018, 00:07
"Musk's meltdown will change Tesla's ability to raise capital when he needs it with a sector of investors", said Eric Schiffer, chief executive of the Patriarch Organization, a Los Angeles-based private-equity firm.
"I would say it's probably closer to 24 months from now...2020 is a more likely prospect", he said.
"An odd conference call that lacked answers to questions on investors' minds and overshadowed earnings".
"You need to have full autonomy, level 4 or 5, whatever you want to call it and, obviously, a lot of cars on the road, and then build the software infrastructure behind that to enable shared autonomy", Musk said. "These questions are so dry", Musk said.
Musk's refusal to answer "boring" Wall Street questions about finances sent the electric vehicle maker's shares down as much as 7 percent on Thursday.
TeslaCEO Elon Musk on Wednesday made another round of headlines after a handful of contentious exchanges with analysts during an earnings report conference call.
Tesla's Elon Musk is known for having a bit more personality than your typical financial heavyweight, speaking off the cuff and generally following an idiosyncratic approach to the public billionaire life. In light of that, some analysts have suggested that Musk's attitude towards Wall Street could be self-defeating.
The spat comes at a crunch time for Tesla when it is struggling to ramp up production of its Model 3 sedan, on which its profitability depends.
Following Musk's initial tweets, a user replied to let him know that he could just block analysts in the queue if he knew beforehand that they'd ask negative questions, to which Musk replied that that was "true".
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours. Musk also noted that there are "really big numbers" involved.
Next, Musk was asked many questions by Galileo Russell, a 25-year-old retail investor, and owner of a YouTube Channel.
Elon Musk's derisive dismissal of analysts' questions is proving expensive.
Musk is now on damage control, attempting to justify his unusual behavior in an unfiltered tweetstorm.
Tesla also reported a net loss of almost $800 million during the last quarter, as the company grapples with widely reported problems over its inability to efficiently produce Model 3 cars.
The unemployment rate hit 3.9 percent in April, breaking below 4 percent for the first time since December 2000. But strong wage growth could fan fears of an uptick in inflation, pushing them toward a fourth increase, Mr.
Screening invitations were not sent out to approximately 450,000 women aged 68 and over between 2009 and the beginning of 2018. When the National Breast Screening Service was launched in 2009 the new IT was bolted on to the existing system.
Putnam FL Investment Management Co.'s holdings in Southwest Airlines were worth $1,740,000 as of its most recent SEC filing. The company rating was maintained by Stephens on Thursday, March 29. (NYSE:LUV) on Thursday, September 7 with "Buy" rating.
Sources told CNBC that they were outfitted with land-based, anti-ship cruise missiles, as well as surface-to-air missiles. With its rich fisheries and oil and gas potential, the South China Sea has been a source of contention for decades.
Asked whether there were other options, her spokesman said: "Work has been ongoing on two options, that work has been proceeding". One European Research Group source told the Telegraph: "We have swallowed everything so far - but this is it".
If the landing is a success, InSight will be the first spacecraft NASA has landed on Mars since the Curiosity rover in 2012. The key instrument on board the spacecraft is a seismometer which will be deployed on the Martian ground by a robotic arm.
Perkins told ESPN he was "here to support my teammates" when asked about the NBA's warning to Drake . "I mean, really. Perkins, who was not suited up for the game, fired back at Drake with the pair being separated by security.
But experts say the data does not show improvements in New Delhi's air quality, but rather that more Indian cities have toxic air. However, Delhi has improved in terms of pollution with the city's PM 2.5 annual average being 143 micrograms per cubic metre.
Another of Leslie's Lady's foals is Into Mischief , himself a top sire represented by Florida Derby victor Audible in this race. Unlike past Derbies , it is the strong opinion of this handicapper that this race features a very deep and talented group.
The UK alone exports about £360m of high-value steel products into the USA each year, equalling about 15% of all British exports. Of U.S. allies, then, only the European Union is left without a clear path forward for exemptions as of the latest proclamation.
Mets to DFA Harvey after he refuses minors
Since the start of 2016, Harvey has posted a 5.93 ERA with 254 hits allowed and 163 strikeouts in 212.1 innings. It's just a little more of a bombshell in NY because of the history and the circumstances here.
Judge: Prosecutors Want Manafort to 'Sing' About Trump
Trump commented on Ellis' rebuke in a speech Friday afternoon at the National Rifle Association's annual convention in Dallas. Ellis also said that he thought that what Manafort was being accused of was beyond the scope of Mueller's legal authority.
Arizona teacher walkout ends with 20 percent pay increase
Ducey has promised that the second installment will come by 2020, though that is not guaranteed by the package he signed. Ducey said the teachers had earned a raise and praised the legislation as "a real win" for both teachers and students.
Adidas backs Kanye West after slavery comments
Kelly, who called Monday's targeting by the Time's Up campaign to #MuteRKelly over sexual misconduct claims, a "public lynching". West designs clothing and shoes for the German sportswear company under the Yeezy line.
DeMar DeRozan says Toronto Raptors thrive off adversity
James was held to 26 points in the opener in a game he called one of his worst offensive shooting performances of the season. The Celtics overcame that early deficit to win, 108-103, and go up 2-0 on the 76ers in the Eastern Conference semifinals.
Will gas reach three dollars per gallon once again?
The Triple - A report also adds that across the USA , there are numerous states where the price is $3 per gallon or more. High demand, economic growth and expensive oil prices have led to the increase in gas prices, the AP reported .
Tesla says it is on track despite losses
VW has awarded battery-purchasing contracts worth 40 billion euros ($48 billion), double from just a few weeks ago. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website .
'Avengers: Infinity War' - Who is Captain Marvel?
Yup, Marvel Studios " president Kevin Feige confirmed that Captain Marvel is the most "powerful character' they've introduced. If it was just an important film, or just a political-with a small or big "p"-film, that would be one thing".
China's PMI slightly down in April
On the price front, input price inflation softened in April, while firms raised their selling prices at an accelerated pace. Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April.