A History Of Infamous Turn A Profit Calls Let's Start Out Amongst Tesla...(Tsla; Leh; Ene)

From FT Alphaville:

“Great quarter guys!”

H5N1 time-honoured tradition of Wall Street is the rather drab quarterly earnings telephone telephone betwixt executives. Questions are oft telegraphed, in addition to so blunted, in addition to participating analysts tend to last hand-picked yesteryear management.

H5N1 practiced illustration is Netflix, which final quarter took the freedom of hosting a pre-recorded conference telephone telephone amongst ane analyst. The format improves audio-video quality, according to spox at the streaming platform; quelling dissent is an unintended consequence.

Following Tesla's odd telephone telephone yesterday, nosotros idea it would last fun to opened upwards the history books to closed to colourful instances where sonorous corporate verbalize reveals a footling flake to a greater extent than than intended.

Tesla Q1 2018 - “These questions are in addition to so dry. They're killing me”
H5N1 small-scale earnings beat, Model 3 production charge per unit of measurement increasing in addition to higher gross margins — all inwards all, it seemed similar a pretty practiced quarter for Tesla. That was until Bernstein Research analyst Toni Sacconaghi took the dais. After fielding 2 brusque questions on Tesla's lower projected upper-case missive of the alphabet spending, he asked how it would effect the Model 3 ramp up.

Chief executive officer, in addition to aspiring Captain Planet, Elon Musk butted in:

Excuse me. Next. Boring bonehead questions are non cool. Next?
The operator chop-chop scrambled to the adjacent analyst, Joseph Spak of RBC Capital Markets. On cue, he began to inquire virtually how many Model 3 reservations had begun the sales conversion process. Mr Musk, clearly exasperated yesteryear fiscal questions on a financial-specific telephone telephone telephone amongst fiscal analysts, cutting inwards again:

We're going to become to YouTube. Sorry. These questions are in addition to so dry. They're killing me.
By YouTube, Mr Musk meant Galileo Russell, a finance-graduate who hosts the “Hyperchange TV” YouTube channel. Mr Russell had been invited on the telephone telephone later lobbying Musk on Twitter.

The stock responded accordingly, dropping v per cent from its pre-conference level. At a guess, peradventure closed to investors were expecting serious answers to questions virtually a critical fourth dimension for Tesla? At to the lowest degree nosotros industrial plant life out synergies betwixt Space X in addition to Tesla are yet 3 years from existence realised.

Lehman Brothers Q1 2008 - “Confidence inwards the underlying firm of the business”...

...MORE