/biz/ - Business & Finance

>>9218965
I am rock hard. This conference call was literally “WASU WASU WASU”

>>9218965
Tfw puts on Tesla

>>9218992

Excellent work there.

I had debated a few months ago whether I wanted to buy puts. In the end I talked myself out of it because you can never under-estimate the length at which people will go to delude themselves.

We all know that the company is all hype, and that it will come crashing down. But when is always the tough question.

I congratulate you for being on the leading edge.

>>9218965
where tesla coin

>can’t restrict users by race
Just sold 100k

Kicking myself for not buying puts. Enron Musk is unraveling before our eyes.

>>9219063

The same thing has happened so many times. The type of person you need to create a company is not the same as you need to run a company; and the duties of a publicly traded company are entirely different from a private company.

A good example of this would be Jack Dorsey, who was co-founder of Twitter and Square. Points to him for creating both, but he's really the worst possible person to be running these companies now that they are up and running.

Pro tip: It's not cool when a CEO goes on CNBC in a t-shirt.

>>9218965
Unrelated, but why are corporations still doing these low-tech "conference calls"?

>>9219094
?

Jack turned twitter around when he came back as CEO, and its now a profitable company thanks to him

>>9218965
>>9218992
>>9219004
>>9219004
>>9219023
>>9219063

>he didn't read the proxy statement

Stay poor

>>9219117
Bagholder detected

>>9219102

The pretty much have to. They announce their earnings, and then the big companies who have invested millions expect answers to how their money is being spent.

Musk's problem tonight was when the professional houses started asking serious questions, like... how much money are you making per unit, and what are your sales on a product, he hung up on them and called their questions "boring".

It's a serious serious fuckup.

>>9219112

I'm not a big fan of his mainly because he is trying to split is time. He claims to spend 1/2 his time as CEO of twitter and 1/2 as CEO of square.

He needs to pick one. People have real money in his company and shareholders deserve a CEO who has their whole focus on the company.

That and... buy a fucking tie. You're not hanging out with the gang at the coffee shop anymore.

>>9219134
>other car companies
>other energy companies

>>9218965
Musk is about to get voted off the board of directors for his own firm.
The fact that he is neck-deep in debt means that a minor change in stock price/dividend would end Tesla for good.

>>9219237

Tesla.... 101,027 cars produced per year
Ford... 126,767 cars produced per week.

Ya, Tesla is really giving it to them good.

>>9219325
>thinking with your brain at this much of a short-term level

You're either a more subversive type, or you're never going to make it. I'm betting subversive, considering your multiple threads of this non-news on a crypto board.

>>9219267

The story that I keep hearing is that he's spending money so fast in his personal life, he's in debt up to his own ass. And all of the borrowing is done with his stock as collateral.

And for those who don't remember the housing crash, here's how it all could potentially fall apart.....

> stock is collateral for debt
> price of stock drops for whatever reason
> collateral is no longer worth as much, so he has to raise more.
> that means selling shares, which drops price of shares further.
> eventually, he can't service his debt.
> shares are taken to cover bad debt.
> He loses voting rights of shares that are gone.
> whoever loaned him money sells shares on open market to get back some of their losses.
> price of tesla collapses, game over.

>>9219325
Ford is a 100 year old company. They built the business. Tesla is a startup building cutting edge automobiles, and he's doing it it the US so I think that's pretty cool.

Next post maybe you can compare Maserati's production numbers to GM, I'm sure that is fair.

>>9219375

> Never going to make it.
I've already made it. I retired at 45

> multiple threads
This is the only thread on this subject. The other Tesla thread in the catalog is about his april fools rant.

> crypto board
Only because the neets have been posting. There are those of us who would never invest a penny into crypto.

> on tesla
Reality always wins in the end.

>>9219394

A 15 year old company is not a "startup"

So then Apple moves in and buys Tesla for cheap, right?

>>9219424
>that 45 year old boomer whose retired

>>9219463

Why would apple want to own Tesla?

>>9219424
>Reality always wins in the end.

Screencap this thread you made and come back in about a year. Thanks

>>9219378
>>9219463

My guess is that the other major automakers will let Tesla collapse.
Then straight-up buy up all of their IP/ex-employees in a fire sale.
Panasonic will then be in big, big trouble

Given the current state of development of EVs in China,
most of the former workforce will likely get poached by the Chinese (or Koreans),
assuming the CFIUS haven't stopped them first.

>>9219378
>this half-baked theory
>he didn't read the proxy statement

Sage

>>9219495

Probably. The company as a whole is probably worthless to most people/companies.

>>9219518

> half baked theory.

I will assume you weren't around during the crash. Not only is it not a half-baked theory, it was the way that several well-known companies collapsed.

As far as musks debt, he was already personally $625 million in debt to morgan stanley and a few others in 2016, and word is this has gone up.

And as far as they company goes, his burn rate is about $6500 per minute according to Fortune magazine.

The $2.9 billion debt he took on with the solar city purchase is coming due very soon.

>>9219451
I imagine if you were to walk into the board room at GM, Ford, VWG etc they might refer to Tesla as a startup. In a mostly joking way.

The real issue here is that the stock market is a bubble and the price of Tesla stock is indicative of that. Let it correct.

>>9219518
>>9219488
>>9219375
>>9219237
>>9219117
Mush is jeenus, terdsla $1T companji!

>>9219463
That'd be pretty bad for me. I hate Apple but love Tesla. The level of cognitive dissonance such acquisition would put me into...

>>9219585

I don't think you can blame the current bubble for Tesla's price, though you can to a certain extent.

I think more has to do with peoples ability to delude themselves about companies they love. They see a company like Tesla and they invest their hopes and dreams into their idea of a "better future", and they just imagine that "someone" will figure out how to make the company profitable along the way.

Tesla, while certainly a bubble, probably isn't even the worst. Look at Square, which has a P/E of roughly 1050. No one in their right mind would ever consider buying a stock with a P/E that high; and yet every day they have buyers.

The ability of people to delude themselves is just mind-blowing.

wasn bizarre, just stuck up suits mad elon has 20+ more IQ points on them.

>>9218965
ENRON ENRON ENRON

>>9219776
So many bagholders everywhere lmao, I can't wait till they file for bankruptcy and all you brainlets lose your shirt LOL

>>9219843
Not one. The conference call was completely logical. The goldman sachs types kept asking retarded questions that he already answered.

"Will you raise more money"
"How is tesla 3 manufacturing"

>>9219886
>The conference call was completely logical.
Yes that's why every financial media is calling it bizarre and the stock dropped 5% right after it went off the rails. DELUSIONAL

>>9219914
>he said we don't care about daytraders
>he said goldman sachs asked a bonehead question

wow so off the rails

>>9219138
>how much money are you making per unit, and what are your sales on a product, he hung up on them and called their questions "boring".

>>9219963
>I'm too boneheaded to read the letter
>let me ask numbers questions that everyone has access to

>>9219940
>He's a brainlet retail investor with all his money in TSLA who doesn't know anything about what's normal
>Deludes himself into thinking it must be fine because Elon is the lord and savior and most genius of them all!
LMAOOOOOOOOOOOOOOOOOOOOOO
LOOK UP SKILLING FROM ENRON, THE EXACT SAME THING HAPPENED JUST BEFORE THEY WENT BANKRUPT. OH NO NONONO

>>9219983
I bet you think moats are awesome.

>>9219983
here is elon

- Running hte most successful rocket company ever
- Running the biggest car company innovator ever

Having to deal with doubters for 12+ years, while succeeding against all expectations. Then imagine sleeping on the assembly line while trying to create the best manufacturing line on earth.

Then go on a conference call to listen to some finance dweeb who sucked dirty cocks 15 hours a day in some new york rat race tell you about margins.

He made the right move but should have been even more insulting to the finance trash class. Yes, Elon musk can take a dump on some margin faggot's desk. Yes, CNBC and other trash rags will write articles about it because of a collective IQ of 50.

>>9220165
You romanticize musk way too much, he’s making a string of bad decisions that are going to leave you a penniless bagholder. Get your head out of musk’s ass for a second and think about yourself man.

>>9220223
Nah let him, the system only works when there's as many losers as winners.

>>9220165
>shits all over your shareholders during earnings report
>bonds literally a hair away from being junk status
>h-he-he's a genius guys!!

>>9218965
Nice, just bought 100k otm leap calls

Musk is Tony Stark, he should be making armored suits, not answering Wall Streets calls.

>>9219649
>I think more has to do with peoples ability to delude themselves about companies they love. They see a company like Tesla and they invest their hopes and dreams into their idea of a "better future", and they just imagine that "someone" will figure out how to make the company profitable along the way.

You just described the bullish sentiment typical during bubbles

>>9220606
You have to go back

>>9218965

based Elon

>>9219394
>Tesla is a startup building cutting edge automobiles,

See this is where Tesla lost me. I had a chance to test drive one of their cars and didn't like it. The whole idea of everything, instrument panel included, being tied to and controlled by a tablet rubbed me the wrong way. There are several functions in a car that i do not ever want to control by touchscreen. Further to that, Tesla is not that far ahead of other larger car companies in tech. They're all implementing autonomous features, all are ramping up production on electric motors. What exactly does Tesla have that makes them so special? Why would the average mid tier car consumer choose them over more established companies offering most of the same features at a lower cost?

>>9218965

Thanks, just sold one billion gigillion fifillion shares.

i bought calls

>>9218965
Time to buy Tesla stock

>>9220294

Are you describing Steve Jobs?

>>9218965
he cant beat the chinks whatever the case may be with him

>>9220848
Branding and status

>>9219166
You buy a tie, old man!