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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 i

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 the amount he can collect. Tesla is down almost 12% from the beginning of the year.

supernovae 8y ago
Investing is what we make of it. The reality is for everyone but the top 1%, investing is long term. It's tied into 401ks, it tied into RSU, its tied into Options unless you're the top 1% in which case the only benefit of short-term markets is the ability to manipulate them for your own benefit. Many CEO's know this and Tesla isn't the only company that faces this problem. Amazon has to think long-term, many tech companies have to think long term. Trying to get an entire industry/society to move forward or make systematic changes is a LONG TERM proposition. sure, we can day trade or buy stocks and sell whenever we want, but we're not the ones causing market swings, we're positions in computational modeling where the market makers aren't even offering our positions to the market but using your sell to do another buy and make money off us reacting/acting on the market. The end result is still that Tesla seeks a profit - but its business goal is to change the market. If you don't like that, don't buy the stock.
- Nokinside 8y ago
  Even long term investing is fundamentally risk management. Tesla has so much debt and burning trough so much money that Tesla has problems with the future. You want to quantify the risks you are taking. Answering questions would help.
- refurb 8y ago
  The reality is for everyone but the top 1%, investing is long term. Yes, but if things go horribly wrong in the short-term, the long term doesn't really matter.
mmsimanga 8y ago
What Musk is interested in is not relevant. Could you explain this statement? It's good to have these kinds of questions but let's not forget the bigger picture. Musk is making a contribution to the world. The Wolf on Wall Street not so much.
- Nokinside 8y ago
  The purpose of the call was to serve investors. Musk should have answered their concerns. Normally investors listen forward-looking statements from CEO, but Musk has failed all his projections so many times that they are worthless. He says that he don't need to ask more money this year. Investors look at the numbers and don't believe it. He should give something useful that helps investors to asses the risk on their own and put number to it. > Musk is making a contribution to the world. Musk is not in trial. People just want to ask tough and important questions. Avoidance is not a good signal.
  - mmsimanga 8y ago
    If you read my initial comment I started by stating why I have some sympathy for Musk. Having been at the coalface I know the feeling of facing the so-called tough questions. You always have two choices, mumble something that you are aware of the issues and you are giving the issues the highest priority. All available personnel are working around the clock to deal with the issues. The truth though is most of the issues are too technical to explain to the crowd. Musk in making his statement said something I felt like saying to a whole bunch of people many times in my life. Piss off and leave me to do my job. Some of these issues took other companies decades to fix. As I said I don't hold any Tesla stock.
    - MagnumOpus 8y ago
      Musk's "job" is not fixing technical issues, he has thousands of more competent people for that. His day-to-day job is marketing and making sure his firm gets capital when it runs out yet again. This is him failing at his day job.

supernovae 8y ago

Investing is what we make of it. The reality is for everyone but the top 1%, investing is long term. It's tied into 401ks, it tied into RSU, its tied into Options unless you're the top 1% in which case the only benefit of short-term markets is the ability to manipulate them for your own benefit. Many CEO's know this and Tesla isn't the only company that faces this problem. Amazon has to think long-term, many tech companies have to think long term. Trying to get an entire industry/society to move forward or make systematic changes is a LONG TERM proposition. sure, we can day trade or buy stocks and sell whenever we want, but we're not the ones causing market swings, we're positions in computational modeling where the market makers aren't even offering our positions to the market but using your sell to do another buy and make money off us reacting/acting on the market. The end result is still that Tesla seeks a profit - but its business goal is to change the market. If you don't like that, don't buy the stock.

Nokinside 8y ago
Even long term investing is fundamentally risk management. Tesla has so much debt and burning trough so much money that Tesla has problems with the future. You want to quantify the risks you are taking. Answering questions would help.
refurb 8y ago
The reality is for everyone but the top 1%, investing is long term. Yes, but if things go horribly wrong in the short-term, the long term doesn't really matter.

mmsimanga 8y ago

What Musk is interested in is not relevant. Could you explain this statement? It's good to have these kinds of questions but let's not forget the bigger picture. Musk is making a contribution to the world. The Wolf on Wall Street not so much.

Nokinside 8y ago
The purpose of the call was to serve investors. Musk should have answered their concerns. Normally investors listen forward-looking statements from CEO, but Musk has failed all his projections so many times that they are worthless. He says that he don't need to ask more money this year. Investors look at the numbers and don't believe it. He should give something useful that helps investors to asses the risk on their own and put number to it. > Musk is making a contribution to the world. Musk is not in trial. People just want to ask tough and important questions. Avoidance is not a good signal.
- mmsimanga 8y ago
  If you read my initial comment I started by stating why I have some sympathy for Musk. Having been at the coalface I know the feeling of facing the so-called tough questions. You always have two choices, mumble something that you are aware of the issues and you are giving the issues the highest priority. All available personnel are working around the clock to deal with the issues. The truth though is most of the issues are too technical to explain to the crowd. Musk in making his statement said something I felt like saying to a whole bunch of people many times in my life. Piss off and leave me to do my job. Some of these issues took other companies decades to fix. As I said I don't hold any Tesla stock.
  - MagnumOpus 8y ago
    Musk's "job" is not fixing technical issues, he has thousands of more competent people for that. His day-to-day job is marketing and making sure his firm gets capital when it runs out yet again. This is him failing at his day job.