Elon Musk says he’s done with the regular appearances on results calls. Tesla Inc. and its investors should be grateful.
Musk said on Monday, while detailing Tesla’s first quarter with more than $ 1 billion in profits, that he would no longer participate in such conference calls, “unless I have something really important to say. “. He dropped the news by answering a question on the internet about his willingness to be interviewed by Tesla-focused YouTube channels, before answering questions from Wall Street.
Fewer microphones for Musk should mean less chance of planting potential landmines in Tesla’s TSLA,
path. One of Musk’s most dangerous current games is Autonomous Driving Predictions, which has already led to broken promises like a coast-to-coast autonomous driving trip and a fleet of Tesla robot taxis from around the world. ‘by 2020.
More: It’s Time For Elon Musk To Start Telling The Truth About Self-Driving
Tesla started selling “Full Self Driving” packages for thousands of dollars almost five years ago, with updates on the Internet, and although it still offers capabilities far below the name, Tesla has started offering subscriptions to assisted driving features up to $ 200 per month. Yet Musk even admitted to questioning whether Tesla’s software subscription was worth it.
“We need to make autonomous driving fully functional for it to be a compelling value proposition. Otherwise people are sort of betting on the future, ”Musk said on Monday. “Like, right now, does it make sense for someone to take out an FSD subscription? I think it is debatable. But once we roll out autonomous driving widely, the value proposition will be clear. “
And for when? Well, Musk also said that the subscription program “will probably be a big factor next year.”
The point is, there is a lot of valuable information that Tesla investors need, far more than wacky predictions about autonomous driving. The call also included a better look at current issues in Tesla’s supply chain, including semiconductor shortages, and news that the Semi and Cybertruck would likely be delayed.
“In order for Cybertruck and Semi to scale to significant volume for customer shipments, we need to address the chip shortage,” Musk said.
In addition to the issue of battery materials and a discussion of the benefits of materials like nickel and the potential future of iron as a battery material, Musk spoke about the small missing components that have limited Tesla’s production. around the world, similar to what the PC industry has known. recently.
“For example, a big difficulty this quarter has been the module that controls the airbags and seat belts, and obviously you can’t ship a car without those,” Musk said. “And that severely limited our production in the world in Shanghai and Fremont. “
Hopefully Tesla can find a framework to answer tough questions and give straightforward explanations without the show. Many investors / fans will likely miss Musk in future earnings calls, but they will be better served without his over-the-top statements and predictions.