Tesla’s Elon Musk Turns Q1 2018 Conference Call Into Sparring Session

Accuracy score :
97%

Tesla’s Elon Musk Turns Q1 2018 Conference Call Into Sparring Session

Car maker’s CEO cuts off two analysts after they ask about capital requirements and Model 3 reservations; ‘boring, bonehead questions are not cool’

Analysis:  Very confident and funny CEO. "Quality through innovation" - Musk, Q1 2018 Revenues hitting 3.4 Billion USD and 12-13 billion for the year. Cash in the bank sits strong at 2.7 billion USD.  Weekly production is at 2500 cars per week, 10,000 cars a month.

Elon Musk is gunning for 20,000 cars a month by Q3 2018 with a goal of 100,000 cars for the year 2018. Lets do a little math for 2019 240,000 cars * $40,000 =  $8.8 biillion in Revenue just for Model 3 low end.

Conclusion:  Good improvement in production, Analyst's capital questions was clearly too dull for Rocket Musk. Musk is all about growth not "capital" or "liabilities". Hold.

 

 

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