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Wall Street investors and analysts focus heavily on the bottom line. Elon believes that the work Tesla is doing requires more time, sustained attention, and foc
by avree 8y ago
Wall Street investors and analysts focus heavily on the bottom line. Elon believes that the work Tesla is doing requires more time, sustained attention, and focus than public investors have tolerance for. Furthermore, he thinks the volatility demotivates employees.
These are all completely true, and very reasonable, but do show (at least to me) that the near-term promises regarding profitability he made at the last earnings call are probably in jeopardy.
Thank you for asking for a clarification rather than just knee-jerk down voting, though. :)
- jsight 8y agoI agree with your assessment. It seemed clear that Tesla was cutting back investment in new supercharger locations and maybe even service centers to reach profitability. I can't say that now felt like the best time for that kind of slowdown to me.