Tesla conference call 20219/17/2023 ![]() ![]() Revenue from EV sales came in at $10.21 billion for the quarter. In the second quarter, the company posted $1.4 billion in GAAP net income, an all-time high and a tenfold growth from a year ago. He left the company’s chief financial officer in charge of those meetings.įinancially, Tesla is in a really good place right now. ![]() Jeff Bezos (now retired), for instance, rarely spoke on Amazon’s quarterly calls. It’s not uncommon for high-profile CEOs to avoid earnings calls. Musk’s past earnings call “landmines” that threw Tesla’s stock price into a tailspin include shaming an analyst for asking “boring, bonehead questions” (May 2018), appointing a new Tesla CFO nobody had heard of (January 2019), and describing California’s COVID-19 shutdown orders as “ fascist” (April 2020). In another call in 2018, he refused to answer questions from analysts on the electric vehicle maker’s capital requirements, saying “boring, bonehead questions are not cool.” Tesla shares fell as a result.“Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla’s path,” MarketWatch said in an op-ed Tuesday. government's stay-at-home restrictions to curtail the coronavirus outbreak “fascist.” On an earnings call last year, Musk called the U.S. Morgan Stanley has said its clients believe SpaceX could make Musk the first "trillionaire" and that the company could ultimately command a higher valuation than even Tesla, the world's most valuable industrial/manufacturing company. These days, Musk often focuses on another major venture, SpaceX, which is developing a massive rocket to transport people to Mars with the ultimate goal of colonizing the planet. In the past, the outspoken tycoon has used the quarterly calls to make promises about delivering technology and products and to fire back at analysts, the government and critics. ![]() Musk said during Tesla's July earnings call that he would not necessarily be present at such future events, "unless there's something really important that I need to say." ![]() Musk and Bezos have been vying for the title of world's richest person. So do other major executives like Ford Motor Co's (F.N) CEO, Jim Farley, and Facebook Inc's (FB.O) CEO Mark Zuckerberg.Ī Inc's (AMZN.O) billionaire founder, Jeff Bezos, did not attend the e-commerce giant's earnings calls prior to his stepping down as CEO earlier this year. read moreĪpple Inc's (AAPL.O) late CEO, Steve Jobs, did not usually speak on quarterly conference calls, but his successor, Tim Cook, makes an appearance at the events. Musk's popularity among investors and customers is a major asset for the electric car maker, and his absence - if it continues - is likely to turn Tesla's quarterly calls into more staid reviews of business than unpredictable platforms for the celebrity CEO's latest thoughts.Įarlier on Wednesday, Tesla beat Wall Street expectations for third-quarter revenue on the back of record deliveries as it navigated a prolonged global shortage of chips and raw materials. SAN FRANCISCO, Oct 20 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk did not participate in the company's earnings conference call for the first time on Wednesday, making him one of the rare top executives in the United States to miss the quarterly ritual of talking to Wall Street. ![]()
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