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Great Huffington post Tesla article

Discussion in 'News' started by Trev Page, Mar 12, 2015.

  1. Trev Page

    Trev Page Member

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  2. dirkhh

    dirkhh Middle-aged Member

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    Indeed, great article. I love this sentence
    Which nation would that be? After all he was born in South Africa, is a Canadian citizen and lives in the US :)
     
  3. Trev Page

    Trev Page Member

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    I think the reference is the US but who's counting ? :)
     
  4. SteveS0353

    SteveS0353 Member

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    This is a terrific article! Mr. Autry very succinctly summarizes why the US has lost its innovative edge. Wall Street's focus on the next 90 days forces public companies to make short term decisions to protect its stock price. It forces innovation to be incremental (inexpensive evolution, not risky revolution). The myopic Wall Street attention to quarterly earnings is appropriate for commodity / utility industries. We've recently seen public companies "go private" to remove the requirement for quarterly reporting so that could invest heavily. Before semi-retiring, I was a senior executive of a public company which seriously contemplated it for exactly that reason. Michael Dell is trying to do that. Despite being a public company, Tesla is investing in a game-changing technological revolution, and its time horizon stretches into decades, not Wall Streets myopic 90 days.
     
  5. iadbound

    iadbound Member

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    In reading to the bottom, it suddenly makes sense why the article is decent. It wasn't written by a reporter on deadline desperately seeking clicks or trying to make a splash with ill-informed drivel.

    In any event, a good read, and it hits on one of my huge complaints/pet peeves -- quarterly earnings as the benchmark of corporate governance.
     
  6. cpa

    cpa Member

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    Yes, a terrific analysis! Alas, the author is guilty of mixing his metaphors. Tsk, Tsk. :eek:
     
  7. MSEV

    MSEV Member

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    Thank you for posting. I sometimes lose sight of what is happening here (with Tesla and TSLA) and then an article can remind me.
     

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