What Next: TBD | Tech, power, and the future - Tesla’s No Good, Very Bad Year
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 15 January 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
Elon Musk was promising an “epic” Q4 at Tesla last year. But 2022 ended closer to what might be considered an “epic fail,” with the stock price down 65 percent. In an uncertain economic environment like this one, how much blame goes to Musk for unloading $40 billion worth of stock and focusing on his shiny new social media network? Or are these just growing pains that every company goes through as they mature?
Guest: Dana Hull, automotive and technology reporter for Bloomberg News in San Francisco
Host: Lizzie O’Leary
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Transcript
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| 0:00.0 | Good afternoon, everyone, and welcome to Tesla's third quarter of 2022 Q&A webcast. |
| 0:08.4 | I'm Evan Martin, VP of Invest Relations, and I'm joined today by Elon Musk, Zachary |
| 0:14.0 | Kirkhorn, and a number of other executives. |
| 0:20.1 | In October of last year, a bunch of Tesla executives hopped on a conference call for investors. |
| 0:25.2 | It was their third quarter earnings call, a regular update for shareholders and analysts |
| 0:30.6 | and anyone else who wanted to listen about how the company was doing, and what its future |
| 0:35.5 | might look like. |
| 0:37.1 | Elon Musk sounded upbeat. |
| 0:39.1 | As our factors ran, we're looking forward to a record breaking Q&A Q4, so it really, |
| 0:45.4 | you know, not on word, it looks like we'll have an epic end of year. |
| 0:56.7 | An epic end of year. |
| 0:59.6 | It's a kind of quote that just dangles out there, tempting fate. |
| 1:04.5 | Dana Hall listened to the call. |
| 1:05.9 | Of course I did, absolutely. |
| 1:08.6 | The epic year that wasn't. |
| 1:10.3 | The epic year that wasn't. |
| 1:14.0 | What is the Tesla Beat reporter for Bloomberg News, and she's covered the company for more |
| 1:18.0 | than a decade. |
| 1:19.6 | So she was watching Tesla's numbers closely, when just weeks later, the company failed |
| 1:25.0 | to deliver on that epic promise, missing Wall Street's estimates for car deliveries. |
| 1:30.3 | It was the third straight quarter that deliveries have not been so great. |
| 1:35.1 | Tesla ended the year with its stock down a staggering 65%. |
... |
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