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He doesn't want to admit they company will need to raise money later this year.

• mephitix 8y ago
  He actually addressed capital raise on the call and it was pretty clear when he kept saying that they wouldn't need or want a capital raise
  • MagnumOpus 8y ago
    Yes, but that is the sort of "boring" detail that he routinely lies about (as are ramp-up schedules, delivery amounts, revenues and that sort of boorish stuff only Wall Street nerds care about)
  • hcknwscommenter 8y ago
    Yes, but when institutional investors pointed out holes in his explanation about how you could go from burning 1B a quarter with 3B on hand and not need a capital raise, they got "boring" and "next."
  • dragonwriter 8y ago
    > He actually addressed capital raise on the call and it was pretty clear when he kept saying that they wouldn't need or want a capital raise Yes, his forward looking statement was clear, just as Tesla's repeatedly-missed production projections have been clear. OTOH, when your statements about the future keep turning out to be wrong, it's not surprising that people want more than your conclusions but also want supporting evidence that those conclusions are grounded in reality.