1/ As I've said before, I've spent whatever free time I could over the last week or so going back over $TSLA $TSLAQ earnings calls (back to 2012). It was quite a task. But, as promised, here is a thread on some of my favorite tidbits from those calls (in chronological order)
2/ 4Q12 Earnings call:
As we have all come to know, when Elon says "I'm highly confident that ________" whatever fills that blank has next to no chance of happening. In this case, it was an ex-ZEV credit GM >25%.
In 2013, $TSLA ex-ZEV credit GM was 14.3%
As we have all come to know, when Elon says "I'm highly confident that ________" whatever fills that blank has next to no chance of happening. In this case, it was an ex-ZEV credit GM >25%.
In 2013, $TSLA ex-ZEV credit GM was 14.3%
3/ 4Q12 Earnings Call:
The above holds true - this time he upped the ante. Elon was "really highly confident" that $TSLA would be profitable in Q2-Q4 2013. $TSLA posted a net loss in all 3 of those quarters, losing a total of $85.3 million.
The above holds true - this time he upped the ante. Elon was "really highly confident" that $TSLA would be profitable in Q2-Q4 2013. $TSLA posted a net loss in all 3 of those quarters, losing a total of $85.3 million.
4/ 4Q12 Earnings Call:
Last week, Elon promised to add solar panels to power all superchargers in California. Well, all the way back in February 2013, he claimed $TSLA had ALREADY deployed solar panels over some superchargers and was "going to start planning a lot more"
Last week, Elon promised to add solar panels to power all superchargers in California. Well, all the way back in February 2013, he claimed $TSLA had ALREADY deployed solar panels over some superchargers and was "going to start planning a lot more"
5/ 2Q13 Earnings Call:
I finally found a goal that Elon has achieved for $TSLA. Back in Q2 2013, he was striving to be "demand limited as opposed to production limited"
Well, here we are.. #SGF knows.
I finally found a goal that Elon has achieved for $TSLA. Back in Q2 2013, he was striving to be "demand limited as opposed to production limited"
Well, here we are.. #SGF knows.
6/ 2Q13 Earnings Call:
This is one of my favorites: "the overarching principle here is that we don't want to rip anyone off"
I guess that principle was abandoned sometime in the last 6 years or so.... $TSLA
This is one of my favorites: "the overarching principle here is that we don't want to rip anyone off"
I guess that principle was abandoned sometime in the last 6 years or so.... $TSLA
7/ 1Q14 Earnings Call:
Elon is a professional gaslighter. How does the Model 3 "underbody shield" hold up? I guess "reducing costs by reducing value" doesn't drive him crazy anymore - only $TSLAQ, pedo guys and the SEC drives Elon crazy now
Elon is a professional gaslighter. How does the Model 3 "underbody shield" hold up? I guess "reducing costs by reducing value" doesn't drive him crazy anymore - only $TSLAQ, pedo guys and the SEC drives Elon crazy now
8/ 2Q14 Earnings Call:
Elon talks about revolutionizing service - check out this quote: "You don't even see it, it happens so fast, and when it's done you love it."
Yep.. he really said that. $TSLAQ
Elon talks about revolutionizing service - check out this quote: "You don't even see it, it happens so fast, and when it's done you love it."
Yep.. he really said that. $TSLAQ
9/ 2Q14 Earnings Call:
To be fair, this may have been true back in 2014. I wonder what $TSLA's key metric, "average time to service something" is today? 3 months maybe, 6 months definitely?
To be fair, this may have been true back in 2014. I wonder what $TSLA's key metric, "average time to service something" is today? 3 months maybe, 6 months definitely?
10/ 2Q14 Earnings Call:
Another example of Elon gaslighting - $TSLA was going to have "the most advanced automotive paint shop in the world."
What do you #TeslaPaintIssues folks think of this?
Another example of Elon gaslighting - $TSLA was going to have "the most advanced automotive paint shop in the world."
What do you #TeslaPaintIssues folks think of this?
11/ 2Q14 Earnings Call:
Elon: "I believe Apple's normally the leader on sales per square foot. Our sales per square foot are double that of Apple's"
Why would $TSLA ever start closing such efficient stores?
Elon: "I believe Apple's normally the leader on sales per square foot. Our sales per square foot are double that of Apple's"
Why would $TSLA ever start closing such efficient stores?
12/ 2Q15 Earnings Call:
$TSLAQ's favorite analyst, Adam Jonas, asks an "insightful question" about autonomous ride-sharing. Did Jonas plant the robo-taxi seed in Elon's mind all the way back in 2015? $TSLA
$TSLAQ's favorite analyst, Adam Jonas, asks an "insightful question" about autonomous ride-sharing. Did Jonas plant the robo-taxi seed in Elon's mind all the way back in 2015? $TSLA
13/ 3Q15 Earnings Call:
Jonas asks the same question about autonomous ride-sharing that he asked in Q2. Elon declines to answer, but calls it "quite a smart question"
Jonas says "I've never heard you punt like that" even though he punted the same question on the last call..
Jonas asks the same question about autonomous ride-sharing that he asked in Q2. Elon declines to answer, but calls it "quite a smart question"
Jonas says "I've never heard you punt like that" even though he punted the same question on the last call..
14/ 4Q15 Earnings Call:
This is especially interesting, considering $TSLA's recent ABL for cars "in-transit" to Tesla Beijing.
Elon certainly seems to like to "live on this drug" (or any drug, for that matter)
This is especially interesting, considering $TSLA's recent ABL for cars "in-transit" to Tesla Beijing.
Elon certainly seems to like to "live on this drug" (or any drug, for that matter)
15/ 1Q16 earnings call:
Elon says you better place your model 3 order now (and give $TSLA a $1000 interest free loan) so you don't have to worry about getting your car in 5 years.... also, they'd make 100k to 200k Model 3s in the second half of 2017... LOL
Elon says you better place your model 3 order now (and give $TSLA a $1000 interest free loan) so you don't have to worry about getting your car in 5 years.... also, they'd make 100k to 200k Model 3s in the second half of 2017... LOL
16/ 1Q16 Earnings Call:
I had forgotten that Elon slept on the factor floor during the Model X "ramp" too
I had forgotten that Elon slept on the factor floor during the Model X "ramp" too
17/ 1Q16 Earnings Call:
@Lebeaucarnews actually questions god-king Elon on $TSLA producing 1 million cars in 2020. Elon provides a completely ridiculous answer - Phil simply says "Great. Thank you."
@Lebeaucarnews actually questions god-king Elon on $TSLA producing 1 million cars in 2020. Elon provides a completely ridiculous answer - Phil simply says "Great. Thank you."
18/ June 22, 2016 $SCTY M&A Call:
Elon calls the multi-billion dollar acquisition of what we now know to be an insolvent company a "no-brainer"
Elon calls the multi-billion dollar acquisition of what we now know to be an insolvent company a "no-brainer"
19/ 1Q17 Earnings Call:
Elon says "I would not know what to do if I were in their position" referring to other manufacturers trying to copy his "machine that builds the machine"
In fact, he did not know what to do in his own position. $TSLA
Elon says "I would not know what to do if I were in their position" referring to other manufacturers trying to copy his "machine that builds the machine"
In fact, he did not know what to do in his own position. $TSLA
20/ 1Q17 Earnings Call:
Elon actually says the Semi will be made out of Model 3 parts. No wonder the $TSLA Semi doesn't exist....
Elon actually says the Semi will be made out of Model 3 parts. No wonder the $TSLA Semi doesn't exist....
21/ 1Q17 Earnings Call:
Elon claims that all $TSLA cars produced since October 2016 have the hardware and computing power needed for level 4/5 autonomy....
Elon claims that all $TSLA cars produced since October 2016 have the hardware and computing power needed for level 4/5 autonomy....
22/ 1Q17 Earnings Call:
Elon claims that $TSLA has a "relative disadvantage" due to subsidies. Then he says that 25,000 units per year is 0.1% of the initial Model 3 production rate - that implies an initial production rate of 25 MILLION Model 3s per year, and 50M in 2018. Math..
Elon claims that $TSLA has a "relative disadvantage" due to subsidies. Then he says that 25,000 units per year is 0.1% of the initial Model 3 production rate - that implies an initial production rate of 25 MILLION Model 3s per year, and 50M in 2018. Math..
23/ 2Q17 Earnings Call:
"What people should have absolutely zero concern about is that Tesla will achieve a 10,000 unit production week by the end of next year"
"What people should have absolutely zero concern about is that Tesla will achieve a 10,000 unit production week by the end of next year"
24/ 2Q17 Earnings Call:
Elon and JB both have solar roofs on their houses and he wanted to be clear, they are NOT photoshopped $TSLA
Elon and JB both have solar roofs on their houses and he wanted to be clear, they are NOT photoshopped $TSLA
