Hedge fund heaps criticism on Tesla after Musk's conference call
05 May, 2018, 01:47 | Author: Franklin Nunez
Back in 2012, Musk commented on the short interest on Tesla's stock and warned that anyone holding a stock position against the company will have a "tsunami of hurt" coming for them.
The call was moving along relatively smoothly until Bernstein analyst Toni Sacconaghi asked about the electric vehicle maker's capital requirements.
I asked Musk how he thinks it will compare to the 2013 short squeeze that followed his 2012 warning to the shorts.
"You need to have full autonomy, level 4 or 5, whatever you want to call it and, obviously, a lot of cars on the road, and then build the software infrastructure behind that to enable shared autonomy", Musk said.
To a question about the Tesla Model 3, which has had a slower-than-expected rollout, Musk replied: "These questions are so dry".
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Gibson guitar sales have declined greatly and the company's cost cutting attempts have not been adequate to save the business. It also sells studio monitors, headphones, turntables and other musical instruments.
Even if they did advise clients to steer clear of Tesla's turbulent stock, that wouldn't be a good reason to dismiss their questions outright.
The next day, the Goldman Sachs analyst reiterated his "sell" rating on Tesla and warned the stock could plunge another 30%.
Speaking at the Kase Learning Short Selling Conference in New York, Stanphyl Capital Partners founder Mark Spiegel criticized Tesla's financials and said they are "worsening" under heavy competition from luxury automakers.
Musk's decision to pick a fight with Wall Street looks ill-timed.
That task may be complicated by the past few days.
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While Tesla is seen by most as a "story stock" - meaning that its value is mostly linked to its future potential and all the products in its pipeline rather than its current financial results, historically, Tesla had its biggest stock price increases after reporting a profit.
Tesla tore through $745.3 million in cash in the quarter, due largely to the slow production ramp-up of the Model 3 mass-market electric sedan.
In the meantime, Musk isn't walking away from the harsh language he used Wednesday on the call.
He explained that the question from Bernstein's Sacconaghi was "boneheaded" because the topic had already been covered in a shareholder letter.
Over a month, it has seen its stock price volatility to stay at 2.5% while shortening the period to a week, volatility was 2.59%. Alibaba Group Holding Limited (BABA ) has an Analysts' Mean Recommendation of 1.7, according to data compiled by Finviz.
He stopped each of San Jose's 16 shots in the first period, and kept his team within striking distance headed into the second. Down 3-2 with 6:32 remaining in the third period, Schmidt ripped a one timer past Martin Jones to tie the game.
May is also negotiating an exit from the European Union that 60 percent of the capital rejected at the 2016 Brexit referendum. Shadow chancellor John McDonnell and International Trade Secretary Liam Fox both said the results so far were "mixed".
Cruz was also subjected to sleep deprivation tactics and had to wear a restraint vest at all times, the group said. He had admitted to sheriff's deputies that he had been to the high school three times since the shootings.
As a fourth-round pick to a quality Eagles' defense, Maddox should initially make his presence known on special teams. "I'm sure all of you have seen it", Philadelphia's executive vice president Howie Roseman told reporters.
In 23 possessions against all other defenders, Rozier had 8 points on a ideal 3-3 shooting, including two more 3-pointers. After a rough series opener, Love scored 31 points on 11-for-21 shooting in Game 2, adding 11 rebounds for good measure.
If this 2nd area of storm activity develops, a very small threat for quasi-linear or bow echo tornadoes could be possible. While much of the Great Plains is dealing with unsafe severe storms, San Antonio is awaiting its best chance for rain.
Obviously when I'm out there I've been playing well, playing at a very high level, we've been winning" Curry said . Draymond Green leads the team with 11.8 rebounds per game and is almost averaging a triple-double.
These countries as well as Brazil, Australia and Argentina had enjoyed temporary exemptions , which were to expire by May 1. The tariffs have already gone into effect on steel and aluminum imports from China, Russia, Japan, and some other places.
Spot mountain showers will remain in the forecast on Friday as the rest of the state stays dry and temps begin to rise. Highs look to still be in the upper-80s for Friday, but mostly cloudy skies will decrease our chances of hitting 90.
And Harden, who finished with 32 points and 11 assists in the shock defeat, says Houston paid the price for overlooking the Jazz. We know Mitchell is an explosive scorer, but developing as a playmaker will be a key factor in determining his ceiling.
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In the days leading up to their final decision, the Knicks narrowed down their list to Fizdale, Blatt, and Budenholzer. Nonetheless, it is considered unlikely that James will choose to play for the Knicks after this season.
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Jurgen Klopp's side travels to the Stadio Olimpico on Wednesday for the return leg with a 5-2 lead over the Italians. The Egypt worldwide scored twice and set up another two goals in a 5-2 win in the opening leg at Anfield.
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Severe weather slated for KMAland Tuesday afternoon
Another round will bring an increased threat of severe weather, including tornadoes, to more heavily populated areas on Tuesday. To the east of that, increasingly warm and humid air will be drawn north from the Gulf of Mexico into the Plains and Midwest.