Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[CanadaEV]

Elon's take on the pandemic is a bit unhinged and detached from reality, which to me is indicative of two things:

1) He's incredibly frustrated with Fremont shutdown - because while it doesn't matter in the long-term, it absolutely matters for Q2 and whether they can eek out S&P inclusion. I do believe this is important to Elon - he wants stability for shareholders.

2) His dealings with government officials regarding the factory have likely been underwhelming. I don't mean this in the sense that he didn't get the desired outcome. I think he has been speaking to people who cannot offer a clear, well-reasoned plan or vision moving forward, and instead resort to "We're government and the answer is NO." Unfortunately he's more likely to encounter such folks at the local level because these folks tend to be enforcers rather than thoughtful leaders. As others have pointed out, there has to be a middle ground where life can go on as safely as possible but the leadership to provide that path is in scarce supply.

Many people do not recognize the fact that China closed down Shanghai for only about ten days, and Tesla has on-the-ground experience working in a country in a similar state. Working with a national administration that was making every effort to get the factory back in production.

Difference is that as much reticence as there is to believe China, they worked very effectively to control the virus. It worked. There are many videos available by long-time Westerner residents there. The US and Britain are both squandering the warnings they could have acted on. What is Musk supposed to think? 'Sure guys, take as long as you want to come to grips with what your (hated) global competition dealt with decisively and effectively and even warned you about'?

Musk is very angry about this, and he has a right to be. China is dismissed as a dictatorship. Whatever you call them, compare the results.

 

[Prunesquallor]

even if the Bay area is a week or two behind, is it really enough to make it seem like this is the end of the world?

The problem is, we don’t know how far behind they are. THAT's the problem. Why do you think there was no guidance update? Who's to say if the Bay Area decides to wait until every last case of CV has been eradicated from California?

 

[Creekstalker]

yeah first he dropped an F-bomb, which was probably gonna be a headline, then a "g-dammit", then that sad, out of touch "fascism" rant just trumped everything, including all the good news in this otherwise-amazing call. very dumb. It's going to dominate the entire quarter now. so stupid.

You should put your money where your mouth is and sell then.

 

[Steve m]

"We elect our representatives to lead us! But, like, for whenever we feel like being lead. Sometimes they should just piss off, cuz it's a free country, we do what we like!"

You know those things they call "laws"? Do you know the State of Emergency gives the Government legal powers that supersede normal-times laws? I'm not a lawyer, just a "regular", but it seems to me that if people can just choose which laws to abide by, the laws themselves become pointless.

and a lot of them are.

we live in a republic.

our Republic explicitly limits the power of the government to be authoritarian.

These limitations can be found in the first ten amendments to the constitution and they are extended to the states by the 14th amendment.

The criminalizing of peaceful protest is prohibited by the 1st amendment.

It is not to much to ask our government to quit breaking the law.

 

[BenPrice]

I feel as shareholders we should support Elon. Does anyone in the Bay Area want to organize for a protest? Maybe drive around the Bay with a long procession of Tesla's with "Free America" signs in the window? or a protest somewhere around Fremont?

Unnecessary.

We need to communicate with leadership productively, not force hands.

We cannot close every small business in America forever, and we cannot open them all at once with no restrictions.

We can do this with brains, not brawn.

Businesses need to respect the criticality of Covid-19 but we cannot forbid most of them for existing without subsidizing them as long as we say that is.

We simultaneously do not benefit from mass protest nor mass house arrest.

 

[Chocochip]

Elon's take on the pandemic is a bit unhinged and detached from reality, which to me is indicative of two things:

1) He's incredibly frustrated with Fremont shutdown - because while it doesn't matter in the long-term, it absolutely matters for Q2 and whether they can eek out S&P inclusion. I do believe this is important to Elon - he wants stability for shareholders.

2) His dealings with government officials regarding the factory have likely been underwhelming. I don't mean this in the sense that he didn't get the desired outcome. I think he has been speaking to people who cannot offer a clear, well-reasoned plan or vision moving forward, and instead resort to "We're government and the answer is NO." Unfortunately he's more likely to encounter such folks at the local level because these folks tend to be enforcers rather than thoughtful leaders. As others have pointed out, there has to be a middle ground where life can go on as safely as possible but the leadership to provide that path is in scarce supply.

Absolutely agree, but I expected him to have a much more cerebral reaction than this. He sounds like a spoiled brat who's throwing his toys out of the pram because he can't get what he wants from gov. and state officials as easily as he used to.

 

[sparcs]

Who's to say if the Bay Area decides to wait until every last case of CV has been eradicated from California?

because it isn't realistic? I don't see how the CA governor would let this go on far longer in the Bay Area vs the rest of California. The Bay Area isn't the only population center.

 

[Pezpunk]

You should put your money where your mouth is and sell then.

being angry with the CEO of a company doesn't mean i'm giving up on the overall vision or bigger picture.

unlike conservatives, i don't feel the need to be a bootlicking toady in lockstep with whoever is in charge, and don't feel i have to pretend the dumb things my leaders do are smart.

 

[Zaxxon]

Please move Covid discussions to the proper thread.

Elon said Robotaxis next year, that’s the gauntlet!

And this year, and last year...

Wait, what? So now discussion on Elon's comments on the CC is no longer on-topic on this thread?

Indeed. Random Covid discussion, sure, push to the other thread. Discussing the CEO's rant that happened an hour ago on a public earnings call is of course clearly on-topic.

 

[Chunky Jr.]

can we cut the politics please and go back to talking about buying private islands?

 

[floydboy]

If you are unhappy with the performance of Tesla under Elon...

Yeah, but he should do it quietly and toe the line while he's making me money. /s

 

[Pezpunk]

can we cut the politics please and go back to talking about buying private islands?

i will if Elon does.

 

[Mkorpal]

Well, time to move on for me. Not the 1st dumb thing Elon has said, and likely not the last. But I'm as confident as ever about the long term outlook for this company. In the grand scheme of things, a few weeks of shutdown or not shutdown isn't going to change anything. Even for the employees, unemployment should be covering (I would hope). So yeah, I'm going to log off now for my own sanity. Peace.

 

[X Fan]

these people weren't being told not to leave their homes. they were told not to do specific things, which they ignored. hairdressers insisting on serving customers during a pandemic, really? that's the hill you want to die on?

You dissent in almost all “let’s open our economy up” posts. In the spirit of understanding your positioning:

1) Are you able to continue to earn an income by your current job profession/working from home?

2) Under what specific conditions do you view would allow for opening our economy?

3) Under what conditions should a Mfg such as Tesla which is greatly improving the world’s environment be allowed to re-open?

 

[BenPrice]

can we cut the politics please and go back to talking about buying private islands?

I’m up an island.

Maybe 2 jet skis? Idk. I’m already spending my gains. Anybody recommend a jet ski?

I’m in the market for 2 that a model x can tow. It was from my last gains.

 

[wipster]

You heard both and I doubt this makes a hill of beans in regards to battery day.

I hope you're right, but I'm still concerned...

 

[SOULPEDL]

Hey, he's rightfully pissed off. He obviously drives things very hard and came to an agreement with the Sheriff to open on May 4th, against his own reason. Right before he's ready to return Freemont back to normal, they push it out another month... and now we can't even forcast earnings going forward.

His reasoning so far... he said that they probably won't need all those ventilators." Has anyone run out yet? So far, he is correct, and the "scientists" did in fact seriously overestimated the impact across the US.

Ya, I'd be pissed too. And if anything, he picked up some Trump fans, some Chinese etc...

I agree he went over the top, but I believe he was on point when asked for advice on the future for other companies. But that's OK, it's my opinion. I'm so glad I did not sell a thing, but did consider buying more today which is why I asked if anyone else was buying today.

 

[Singuy]

Except the Bay Area is ignoring it completely.

Yeah the governor released the guidelines and even wrote that auto manufacturering is essential as per federal guidelines and no one cares. Bunch of shorts claimed Tesla cars are not essential because it's a luxury item and flooded Twitter accounts of those in charge.

Must be fraustrating to have everyone tells you that your essential business is not essential, that tesla energy and Auto are just some fancy toys for wealthy people. You are trying to fix climate change while all these people with power tells you to go f yourself and your non essential nonsense.

I think he should keep his opinions to himself but I can't fault him for having such feelings. I know I would be pissed.

 

[BenPrice]

I’m up an island.

Maybe 2 jet skis? Idk. I’m already spending my gains. Anybody recommend a jet ski?

I’m in the market for 2 that a model x can tow. It was from my last gains.

Somebody voted funny I’m dead serious.

I started with $1,200 I’m over 1.1mil in 6 months.

That attachment is my gamble alone rofl

2nd attachment is my free $119,000 car.

Next attachment will be a purchase order for jet skis.

 

[Remus]

1. Stay at home if that is your decision.
2. Convince or force your loved ones to stay at home if you chose so. Do the same with every person you know if you think it is right. Pay your employees to stay at home if you can afford it and you think it is right.
3. Stop forcing other people to do what you think is right. They have their own right, and it is not worse than yours. I'm ( I grew up in a socialist country with little personal freedoms) fascinated to explain this on this forum to US folks
4. Hospital capacity is not overwhelmed in most of the country, so see 1-3 and keep for yourself and people who care what you say.

hospital capacity is not overwhelmed because of the stay at home order.