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Elon Musk says he's done with regular earnings calls. Tesla investors are better off. - MarketWatch
Jul 27, 2021 1 min, 3 secs
Elon Musk says he is done with regular appearances on earnings calls.

Musk said Monday, while detailing Tesla’s first quarter with more than $1 billion in profit, that he would no longer participate on such conference calls, “unless there’s something really important that I need to say.” He let loose that news while answering a crowdsourced question from the internet on his willingness to be interviewed by Tesla-focused YouTube channels, ahead of taking questions from Wall Street.

Earlier, “important” things Musk had to say in earnings calls included describing public-health restrictions during the COVID-19 pandemic as “fascist,” calling a Wall Street analyst “boneheaded” in a rant, and saying he wasn’t looking for his highly valued company to be too profitable.

Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla’s.

In addition to the battery materials issue and a discussion about the pros of materials like nickel and the potential future for iron as a battery material, Musk talked about small components that were missing that limited Tesla’s production worldwide, similar to what the PC industry has experienced recently.

Many investors/fans will likely miss Musk on future earnings calls, but they will be better served without his over-reaching statements and predictions

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