« previous next »
Pages: [1]   Go Down

Author Topic: Tesla Shocks Investors By Sneaking CFO Resignation Announcement In Last Minute Of Conference Call  (Read 1208 times)

0 Members and 1 Guest are viewing this topic.

Offline Frank Cannon

  • Hero Member
  • *****
  • Posts: 16,249
  • Gender: Male
Tesla Shocks Investors By Sneaking CFO Resignation Announcement In Last Minute Of Conference Call
« on: January 31, 2019, 09:28:05 am »
https://www.zerohedge.com/news/2019-01-30/tesla-shocks-investors-sneaking-cfo-resignation-announcement-last-minute-conference



Quote
As was typical for virtually every Tesla call, today too was replete with doubletalk, nonsense and extremely optimistic forward-looking statements: the stuff most propaganda is made of. It had the requisite curiosities: a pickup truck supposedly coming this summer, no details on financing in China, the company claiming its battery costs were "proprietary" and the company's capex relative to depreciation dropping to its lowest level in five years hardly what one would expect from a "growth" story...

...but by Tesla standards, the call actually went relatively normally.

Even Elon Musk, inbetween stuttering and lobbing sophisticated sounding guesses at questions from analysts, for the most part stayed on script. He refrained from calling analysts "boneheads", he didn't say "Let's go to YouTube" and did not appear to be using drugs or under the influence.

But then, literally in the last minutes of the call when everybody thought that the quarter was going to come and go without any shockers the call turned back to Musk who, in Steve Jobs fashion, had to announce just "one more thing." Only unlike Jobs, the announcement wasn't good news.

After all questions had been taken and most analyst lines disconnected, Musk matter-of-factly announced that the $60 billion company's CFO, Deepak Ahuja, was quitting... for the second and final time.
Logged

Online Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 21,339
  • Gender: Male
Re: Tesla Shocks Investors By Sneaking CFO Resignation Announcement In Last Minute Of Conference Cal
« Reply #1 on: January 31, 2019, 09:35:56 am »
Saint Elon is the AOC of the automotive world.
Logged
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Offline Frank Cannon

  • Hero Member
  • *****
  • Posts: 16,249
  • Gender: Male
Re: Tesla Shocks Investors By Sneaking CFO Resignation Announcement In Last Minute Of Conference Cal
« Reply #2 on: January 31, 2019, 09:43:35 am »
Quote from: The Ghost on January 31, 2019, 09:35:56 am
Saint Elon is the AOC of the automotive world.

He is about to be living on the streets pretty soon. Tesla has a massive bond payment due in a couple months that will pretty much wipe out any cash on hand. You add that to the insane comment Musk made yesterday that "Demand is high for the Model 3, but people can't afford them". I don't think they will be able to sell their way out of this mess.

BTW EV tax credits go down in June.
Logged

Online Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 21,339
  • Gender: Male
Re: Tesla Shocks Investors By Sneaking CFO Resignation Announcement In Last Minute Of Conference Cal
« Reply #3 on: January 31, 2019, 09:49:45 am »
On the streets.  He should be in jail for fraud.
Logged
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.
Pages: [1]   Go Up
« previous next »