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It's more like a movie director deciding to make something other than a superhero action movie, and telling critics not to expect one. Not all investors have t
by gnode 8y ago
It's more like a movie director deciding to make something other than a superhero action movie, and telling critics not to expect one.
Not all investors have the same aims. Shaking off short-termist investors may be sensible to follow long term strategies. Sometimes public companies even have to become private again in order to pursue the course of action that's best for them.
- wpietri 8y agoThere is nothing wrong with making a small art-house film instead of a superhero action movie. There is a lot wrong with getting the budget of a superhero action movie and then making the sort of small art-house film that will never be able to pay off the investors. If this were some quirky, self-funded Musk project, he could do as he pleased. But not only do they have shareholders, they have $1.8 billion in loans due in the next 18 months: https://www.forbes.com/sites/jimcollins/2018/04/02/forget-the-autopilot-crash-and-recall-teslas-daunting-debt-repayment-schedule-is-the-real-issue/#7e95a873113d https://www.forbes.com/sites/jimcollins/2018/04/02/forget-th...
- phkahler 8y ago>> Shaking off short-termist investors may be sensible to follow long term strategies. While I prefer to focus on long-term over short term, you still can't let the short term kill you. A lot of people think Tesla will be out of money within the year and that's a short-term problem that needs to be solved in the short term. If not there will be no long term.
- adamsea 8y agoOr like a director trying to convince a major studio to fund a super expensive non action hero movie ... it would be the major studios more so than the critics who would take issue with a non-blockbustery flick.