Article_Opinion, Tesla, Elonmusk, Cybertruck, Earnings, Battery, Wallstreet, Electricvehicles, Motor Vehicles, Alternative Fuel Vehicles

Article_Opinion, Tesla

Opinion: Elon Musk says he is done with regular earnings calls. Tesla investors are better off.

Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla's path.

7/27/2021 5:26:00 AM

OPINION: After years of unforced errors on calls with Wall Street, Elon Musk says he is done, while questioning whether his own company’s new subscription product is worth the price on his way out.

Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla 's path.

Musk said Monday, while detailing Tesla’s first quarter with more than $1 billion in profit, that he would no longer participate on such conference calls, “unless there’s something really important that I need to say.” He let loose that news while answering a crowdsourced question from the internet on his willingness to be interviewed by Tesla-focused YouTube channels, ahead of taking questions from Wall Street.

Pfizer says COVID-19 vaccine works in kids ages 5 to 11 Pfizer says COVID-19 vaccine safe, effective for kids ages 5 to 11 Why storm chasing is 'akin to an addiction'

Earlier, “important” things Musk had to say in earnings calls included describing public-health restrictions during the COVID-19 pandemic as “fascist,” calling a Wall Street analyst “boneheaded” in a rant, and saying he wasn’t looking for his highly valued company to be too profitable. Those are the kinds of performances no investor should miss.

Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla’s TSLA, +2.21% path. One of Musk’s most dangerous current games is autonomous-driving predictions, which have already led to failed promises like a coast-to-coast autonomous driving trip and a fleet of Tesla robo-taxis by 2020.

More: It’s time for Elon Musk to start telling the truth about autonomous drivingTesla began selling “Full Self Driving” packages for thousands of dollars nearly five years ago, with updates over the internet, and despite still offering capabilities that stop well short of the name, Tesla has begun offering subscriptions to the assisted-driving features for up to $200 a month. Yet Musk even acknowledged questioning whether subscribing to Tesla’s software was worth it.

“We need to make full self-driving work in order for it to be a compelling value proposition. Otherwise, people are kind of betting on the future,” Musk said Monday. “Like, right now, does it make sense for somebody to do an FSD subscription? I think it’s debatable. But once we have full self-driving widely deployed, then the value proposition will be clear.”

And when will that be? Well, Musk also said that the subscription program “will be a significant factor probably next year.”The thing is, there is plenty of valuable information that Tesla investors need, much more than pie-in-the-sky predictions about autonomous driving. The call also included better insight into Tesla’s current supply-chain issues, including semiconductor shortages, and news that the Semi and the Cybertruck would likely be delayed.

“In order for Cybertruck and Semi to scale to volume that’s meaningful for customer deliveries, we’ve got to solve the chip shortage,” Musk said.In addition to the battery materials issue and a discussion about the pros of materials like nickel and the potential future for iron as a battery material, Musk talked about small components that were missing that limited Tesla’s production worldwide, similar to what the PC industry has experienced recently.

8 people killed in shooting at Russian university At least 8 dead in shooting at Russian university, police say Afghanistan's women judges are in hiding, fearing reprisal attacks from men they jailed

“For example, a big struggle this quarter was the module that controls the airbags and the seat belts, and obviously you cannot ship a car without those,” Musk said. “And that limited our production severely worldwide in Shanghai and in Fremont.” Read more: MarketWatch »

Emmy Awards 2021: The Full Winners List

“The Crown,” “Ted Lasso” and “Mare of Easttown” took home a whopping 10 of the 12 acting awards during the 73rd Primetime Emmy Awards, hosted by Cedric the Enter…

Electric cars, Solar panels and Cell phones all use what metal? Silver, my friends. Tesla, Samsung, Apple, Toyota are going to need about twice as much as is being produced now. Better hop on the Silver train. Elon is about to buy a silver mine... It is worth reflecting upon. horrible

European stocks retreat as investors watch corporate earnings, Covid casesEuropean stocks set for lower open as investors watch corporate earnings, Covid cases thanks You have no idea what investors are doing. Investors is a very broad term. AMC/AH9 looking quite bullish my dudes.

Tesla reports more than $1 billion in net income during Q2, up tenfold from a year agoElon Musk's electric vehicle company beat expectations on both top and bottom lines, and passed $1 billion in quarterly net income for the first time. Lebeaucarnews Lebeaucarnews DaddyDOGEtoken

Tesla Profit Streak Rolls On For Eighth Quarter, Powered By Record Net IncomeNet income for Elon Musk's electric-car maker topped $1 billion for the first time on higher sales of Model 3 and Y electric vehicles and, as usual, lucrative pollution credits. Light work for Elon haters silent

Lala Kent Responds to Rumors She Threw Shade at Megan Fox Over Film Premiere'I am not very subtle when I shade people.' Deer . Turtle . Rabbit . Crocodile . Ramo . Karabaw . Eagle not . Dove can be . Cockfighter roster the lost one . Goat . A hotel casino bistro ! that have this in by season Only Coming soon MGK New sound is trash he should thank his lucky stars every day that anyone even knows who he is

Rush to Build EV Charging Stations Comes Without Promise of ProfitMore fast-charging stations, which repower a battery in about 30 minutes, are the missing ingredient required to enable an electric version of the American road trip The issue is grid capacity. If we can add more capacity, you’d see more of these chargers Developing world on EVs would be the game changer for environment, sustainable and health. Yes, fast chargers deployment would certainly mark American EV road trip boom. Great. The line will only be an 8 hour wait! No thanks.

A Space Company’s Wall Street Launch MisfiresA space company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S., the SEC said Space is hard. momentusspace 👀 'Lol whoops.'