May 14, 4:24 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By Alex Perry 05/04/18 AT 3:47 PM Tesla CEO Elon Musk on Wednesday made another round of headlines after a handful of contentious exchanges with analysts during an earnings report conference call. The iconoclastic tech leader sent Tesla stock downward after the call, which generated a number of noteworthy quotes.Musk's quotes generated a great deal of attention. Some reflect the antagonistic nature of segments of the call, while others were more standard Musk fare."Excuse me. Next. Boring, bonehead questions are not cool. Next?,” Musk said, as he cut off an exchange about capital expenditures."Sorry. These questions are so dry. They're killing me," Musk said in response to a later question about reservations for the Tesla Model 3 car, which has been the subject of speculation regarding its production problems."We've also found that there are some … [Read more...] about What Elon Musk Actually Said In The Tesla Earnings Report Conference Call
Tesla earnings report
Elon Musk slams analysts for asking ‘boring, bonehead questions’ in bizarre Tesla earnings call
Tesla CEO Elon Musk confused and frustrated analysts during the company’s unusual first-quarter earnings call on Wednesday. During the Q&A segment, Musk rejected questions about the company’s finances and the Model 3. Tesla‘s stock dropped 8% in after-hours trading on Wednesday and opened down 7% on Thursday. It was down almost 6% when markets closed. Tesla CEO Elon Musk confused and frustrated analysts during the company’s unusual first-quarter earnings call on Wednesday. Analysts wanted details about the company’s finances and the Model 3, the mass-market sedan the company introduced in July and has failed to build at the rate it predicted. Musk, it seemed, wanted to talk about the future, not the present. During the Q&A segment of the call, Musk rejected a question from Sanford C. Bernstein & Co. analyst Antonio Sacconaghi, who asked about the company’s … [Read more...] about Elon Musk slams analysts for asking ‘boring, bonehead questions’ in bizarre Tesla earnings call
Tesla earnings: 3 things to watch after a messy, messy quarter
It’s been a bananas quarter for Tesla. Amid further problems at its factory, the company failed to meet promised first-quarter production goals for the Model 3 of 2,500 vehicles per week. On top of that, Tesla was removed from a National Transportation Safety Bureau investigation into a fatal crash of one its vehicles after CEO Elon Musk noted in a blog post that the driver didn’t have his hands on the wheel six seconds prior to the crash. Musk also made a quip about going bankrupt—a poorly timed joke that was dead on arrival, especially after Bloomberg estimated that his company burns $6,500 a minute. Suffice to say, there will be a lot of eyes on Tesla’s quarterly earnings report this afternoon. Here are three things to watch: Losses. Last quarter, Tesla took a $675 million loss. In 2018, capital expenditures are expected to grow as the company funnels more cash into production. (In addition to the Model S, X, and 3, the … [Read more...] about Tesla earnings: 3 things to watch after a messy, messy quarter
Tesla Earnings: Can the Company Stay on Track?
Published May 01, 2018 Markets Motley Fool Facebook Twitter Comments Print Tesla's (NASDAQ: TSLA) earnings calls have fallen into a familiar pattern: CEO Elon Musk explains why his company keeps missing its Model 3 production targets and why it's going to start hitting them in the next quarter. Investors are hoping Tesla's first-quarter report, due out May 3, will break that routine. Continue Reading Below For the period, analysts are expecting Tesla to report a loss of $3.54 per share, significantly worse than the $1.33 loss per share in the same period last year. The last time Tesla reported an adjusted profit was the 2016 third quarter, when it posted adjusted earnings of 71 cents per share. Tesla's stock is down about 6% in the past year as it struggles to ramp up production on its prized Model 3. But despite that drop, its market cap is about $49 billion, which is higher than Ford's (NYSE: F) nearly $44 billion market cap. Tesla seems to have a lot … [Read more...] about Tesla Earnings: Can the Company Stay on Track?
Tesla earnings: Elon Musk wows investors with more promises he may not keep
Tesla delivered $3.28 billion in revenue and losses of $4.01 per share in its fourth-quarter earnings report this afternoon. Analysts, on average, expected a loss of $3.12 per share. The company’s stock spiked 3% in after-hours trading, but it’s now hovering just above its closing price. Despite missteps, the electric car company is attempting to get its house in order. In the last quarter of 2017, revenues were up 55% from the same period a year ago. The company also allayed fears that the new Model 3—Tesla’s affordable electric car—would eat into sales of its higher-end models. But what investors are likely most excited by is the new set of promises the company is making. From the report: This year, it expects to “begin generating positive quarterly operating income on a sustained basis” The company plans to deliver 100,000 Model S and X cars in 2018 Tesla is now planning to produce 2,500 Model 3 cars weekly by the end of the … [Read more...] about Tesla earnings: Elon Musk wows investors with more promises he may not keep