On Tesla’s 32nd earnings call, CEO Elon Musk may have delivered what investors need, a steady, solid hand. After handily beating analysts expectations, cutting cash burn significantly and stabilizing the Model 3’s production, investors entered the company’s quarterly conference on pins and needles.

Following last quarter’s disastrous and combative earnings call, Musk started the call with a well-polished opening statement. Clearly, Musk had undergone some intense introspection. Known for his bold statements, Musk typically uses these earnings calls to state bold claims and lofty promises. This call was different.

Musk went on to introduce a wide variety of executives that are joining him on the call. This may seem typical for a quarterly earnings call, but those of us who’ve been listening to Tesla’s earnings calls for the past 7+ years, it was a rare and welcome departure from the Elon Musk show.

The team joining Musk on the call:

  • Deepak Ahuja (Regular attendee), Chief Financial Officer
  • JB Straubel (Regular attendee), Chief Technology Officer
  • Jerome Guillen, VP of Trucks and Programs
  • Robin Ren, VP of Worldwide Sales
  • Stuart Bowers, VP of Engineering
  • Andrej Keerpak, Director of AI
  • Pete Bannon, Director of Autopilot Hardware
(adsbygoogle = window.adsbygoogle || []).push({});

After short introductions, Musk gave large praise to his team and encouraged Pete Bannon, VP of Engineering, to share more about his background and the technology he’d been developing at Tesla in the past 3 years. It sounds like a simple set of events, but is a remarkable departure from Musk’s typical scurry into the Q&A.

Jumping into the Q&A, Musk issues apologizes to Wall Street Analyst Toni Sacconaghi of Bernstein and Joesph Spak of RBC Capital. The entire call was well-planned, Tesla placed the two analysts that Musk berated on the last call in the first and second slots and less critical participants at the end, such as retail investor Galileo Russel.

When pressed to announce more details about the upcoming Model Y and its planned production facility, Musk declined to elaborate, keeping the call focused. When questioned about the infamous Model 3 production line in a tent, Musk turned to his team to help reiterate why the creating the line in the tent was the right move.

A New Era

As I look back on the couple dozen Tesla earnings calls I’ve tuned into for the last 7 years, this call was like no other. Grandiose promises were replaced with reachable projections, relentless growth was met with fiscal responsibility, and shaky improvisation gave way to clarity.

Will we ever see the unpredictable Musk of the past again? Sure, its part of Musk’s persona and we will undoubtedly get our fix on Twitter soon. But is it the end of unpredictable Tesla? Possibly. As the company stabilizes Model 3 production, starts producing small profits, and expanding production past the US, it appears Tesla is seemly entering a new era.

Disclaimer: This column does not necessarily reflect the opinion of Teslarati and its owners. Christian Prenzler does not have a position in Tesla Inc. or any of its competitors and does not have plans to do so in the next 30 days.

Get a solar cost estimate
Go Solar and eliminate your energy bills. Get a custom solar cost estimate for your home or business from our affiliate partner.

Top Rated Comments  (view all)

Discuss: News
Sort By
Top rated
Newest

Join the discussion…

Log in with:

Or sign up with TESLARATI:


Load more comments

Teilen:
Schreiben Sie einen Kommentar

Ihre E-Mail-Adresse wird nicht veröffentlicht. Erforderliche Felder sind mit * markiert

5 × five =