6 ms·

Is it normal in America to be in the news when you take some vacations?

by ggregoire 8y ago

fanzhang 8y ago
I hope not, but I think it's normal for newspapers to maximize revenue by playing up potentially mundane events.
- danso 8y ago
  Or maybe Tesla and/or its market position are not mundane.
matte_black 8y ago
A vacation of several weeks when you’re a chief? Most certainly. Investors need to know.
- frisco 8y ago
  > Investors need to know. Really? That's nonsense. This sentiment is a great example of what's so toxic about the public markets now. Everyone is complaining that so much value creation is happening in private companies going public later - a big reason is because of this idea that investors should care about when one person at a 36,000 person company goes on vacation and that this should move the stock price. Ridiculous. It's distracting noise.
  - lhorie 8y ago
    I agree. There's gotta be a limit to how short-term-oriented/short-sighted investors can be. What's next? "Stock plunges when CEO goes to the bathroom"?
    - greglindahl 8y ago
      "Stock plunges when CEO gets testy on earnings call" -- that was last week's headline.
  - matte_black 8y ago
    Don’t want to deal with it? Don’t go public. Zero sympathy. You take the public’s money, you owe them your word. Maybe if you had hundreds of thousands invested in TSLA and were concerned about their downward spiral you’d think different.
    - jcims 8y ago
      What have they taken that wasn’t offered?
    - shub 8y ago
      If I had hundreds of thousands of dollars in TSLA it would mean that I had tens of millions elsewhere. But then, my parents are both actuaries and even my groceries are hedged.
  - refurb 8y ago
    This is a company when dozens of senior leadership have left the company. So yes, confirming he's just "on vacation" is relevant as the assumption could be he left too. Btw - I don't believe he is "on vacation". It's something else, but probably doesn't matter in the end.
  - kelp 8y ago
    To add to this, I think it would be a worse sign for the company if they have a number of people in such a critical path, that they can never take significant time off. If you're doing your job well as a leader (and an organization), you have people who can fill in for you.
- ClassyJacket 8y ago
  Yeah but isn't that something that could be handled between the company and investors, not on a public news site?
  - ucaetano 8y ago
    > handled between the company and investors There's no such thing for a public company. It either talks to the board, which represents investors, or to the public, since it is impossible to know who owns shares of a public company. And in practice, given index funds, most people do.
    - ClassyJacket 8y ago
      Okay, not an entirely unreasonable point. But then that would imply that Tesla has an obligation to make sure third party news outlets report on every holiday taken by every executive. I'm not saying it has to be private information, but why not announce it on their website? Why does the Wall Street Journal have to do it?
      - ucaetano 8y ago
        > But then that would imply that Tesla has an obligation to make sure third party news outlets report on every holiday taken by every executive. Public companies have to publicly report any "relevant facts" that could seriously impact the company and the investors. A Senior Vice President of Engineering taking a leave of absence of many weeks (or more, with no end announced) during a major engineering crisis in the company is by all means a relevant fact.
rajacombinator 8y ago
If people have multi-billion bets against your employer and they want to pay for an ominous sounding article, then yes.
- twostorytower 8y ago
  100% this is the case.
  - toomuchtodo 8y ago
    Shorts are desperate. Current highest Model 3 VIN puts production at 4K/week. They’ll easily hit 5k/week target by end of June. Usual disclaimer: TSLA shareholder
    - rootusrootus 8y ago
      I feel like it's the other way around. With the market cap so completely out of sync with reality, shorting seems like the safer choice.
      - toomuchtodo 8y ago
        The market can stay irrational longer than you can remain solvent. When the short squeeze occurs, it will incur pain. Personally, I don’t think their valuation is irrational. They’re not a car company, they’re an energy storage company, the market for which is enormous.
- ajross 8y ago
  No one has multi-billion bets against TSLA. It's only like 25% off its all time high and has a market cap bigger than GM.
  - throwaway5752 8y ago
    https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA A bit down the page on the right, you'll see "Shares Short", "Short Ratio", "Short % of Float", and "Shares Short (prior month)". What that is telling you is that almost $10B of Tesla stock has been borrowed and sold (with the profit coming from buying in the future at lower prices, ie, betting against TSLA). That is increased about 7% from the prior month, and would take almost 5 entire days of average trading volume to close out all the short positions. This is a high level of betting against a stock by any standard.
calvinbhai 8y ago
in USA, yes. I think the rest of America is better at taking vacations :)

Is it normal in America to be in the news when you take some vacations?

fanzhang 8y ago

I hope not, but I think it's normal for newspapers to maximize revenue by playing up potentially mundane events.

danso 8y ago
Or maybe Tesla and/or its market position are not mundane.

matte_black 8y ago

A vacation of several weeks when you’re a chief? Most certainly. Investors need to know.

frisco 8y ago
> Investors need to know. Really? That's nonsense. This sentiment is a great example of what's so toxic about the public markets now. Everyone is complaining that so much value creation is happening in private companies going public later - a big reason is because of this idea that investors should care about when one person at a 36,000 person company goes on vacation and that this should move the stock price. Ridiculous. It's distracting noise.
- lhorie 8y ago
  I agree. There's gotta be a limit to how short-term-oriented/short-sighted investors can be. What's next? "Stock plunges when CEO goes to the bathroom"?
  - greglindahl 8y ago
    "Stock plunges when CEO gets testy on earnings call" -- that was last week's headline.
- matte_black 8y ago
  Don’t want to deal with it? Don’t go public. Zero sympathy. You take the public’s money, you owe them your word. Maybe if you had hundreds of thousands invested in TSLA and were concerned about their downward spiral you’d think different.
  - jcims 8y ago
    What have they taken that wasn’t offered?
  - shub 8y ago
    If I had hundreds of thousands of dollars in TSLA it would mean that I had tens of millions elsewhere. But then, my parents are both actuaries and even my groceries are hedged.
- refurb 8y ago
  This is a company when dozens of senior leadership have left the company. So yes, confirming he's just "on vacation" is relevant as the assumption could be he left too. Btw - I don't believe he is "on vacation". It's something else, but probably doesn't matter in the end.
- kelp 8y ago
  To add to this, I think it would be a worse sign for the company if they have a number of people in such a critical path, that they can never take significant time off. If you're doing your job well as a leader (and an organization), you have people who can fill in for you.
ClassyJacket 8y ago
Yeah but isn't that something that could be handled between the company and investors, not on a public news site?
- ucaetano 8y ago
  > handled between the company and investors There's no such thing for a public company. It either talks to the board, which represents investors, or to the public, since it is impossible to know who owns shares of a public company. And in practice, given index funds, most people do.
  - ClassyJacket 8y ago
    Okay, not an entirely unreasonable point. But then that would imply that Tesla has an obligation to make sure third party news outlets report on every holiday taken by every executive. I'm not saying it has to be private information, but why not announce it on their website? Why does the Wall Street Journal have to do it?
    - ucaetano 8y ago
      > But then that would imply that Tesla has an obligation to make sure third party news outlets report on every holiday taken by every executive. Public companies have to publicly report any "relevant facts" that could seriously impact the company and the investors. A Senior Vice President of Engineering taking a leave of absence of many weeks (or more, with no end announced) during a major engineering crisis in the company is by all means a relevant fact.

rajacombinator 8y ago

If people have multi-billion bets against your employer and they want to pay for an ominous sounding article, then yes.

twostorytower 8y ago
100% this is the case.
- toomuchtodo 8y ago
  Shorts are desperate. Current highest Model 3 VIN puts production at 4K/week. They’ll easily hit 5k/week target by end of June. Usual disclaimer: TSLA shareholder
  - rootusrootus 8y ago
    I feel like it's the other way around. With the market cap so completely out of sync with reality, shorting seems like the safer choice.
    - toomuchtodo 8y ago
      The market can stay irrational longer than you can remain solvent. When the short squeeze occurs, it will incur pain. Personally, I don’t think their valuation is irrational. They’re not a car company, they’re an energy storage company, the market for which is enormous.
ajross 8y ago
No one has multi-billion bets against TSLA. It's only like 25% off its all time high and has a market cap bigger than GM.
- throwaway5752 8y ago
  https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA A bit down the page on the right, you'll see "Shares Short", "Short Ratio", "Short % of Float", and "Shares Short (prior month)". What that is telling you is that almost $10B of Tesla stock has been borrowed and sold (with the profit coming from buying in the future at lower prices, ie, betting against TSLA). That is increased about 7% from the prior month, and would take almost 5 entire days of average trading volume to close out all the short positions. This is a high level of betting against a stock by any standard.

calvinbhai 8y ago

in USA, yes. I think the rest of America is better at taking vacations :)