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The announcement of unexpected results from Tesla Inc. is another sign of a company that lacks true leadership and looks like a long-term strategy.
Elon Musk, President and CEO of Telsa Inc., was seen on Friday, September 7, 2018 in New York, USA, on the floor of the New York Stock Exchange (United States). day – to – day selling, while Broadcom 's results exceeded estimates and that the Trump administration was hitherto prevented from intensifying the trade war with China. Photographer: Michael Nagle / Bloomberg
Although the company did not explain its decision to cancel its third quarter results, there was much speculation online about the reasoning behind them. Some believe that Tesla's numbers will be even more disappointing than usual, suggesting that the company wants to get the bad news. But most think it's because Tesla will finally save a profit for the first time since 2013, and they say CEO Elon Musk wants to make sure the good news is not overshadowed by the elections mid-term in the United States.
I think the bulls are right, but that does not mean that Tesla has turned the corner. And Tesla"The rush to cheat the good news is another sign that this business is motivated by short-term thinking.
Read the tea leaves
Musk has promised third-quarter profits and positive cash flow, and Tesla has done everything to honor its commitment – but not addressing the underlying issues of the company.
"Like the second-quarter shenanigans trying to produce 5,000 models 3 for a week in June, production builds were focused on high-income models and car deliveries were being manipulated. We therefore fully expect that Tesla has found a way to make a profit for the third quarter and would be very surprised if they do not, given the obstacles they have overcome to do so. " said analyst David Kudla, chief investment strategist at Mainstay Capital Management, in a note on Tuesday morning. "Just as Elon Musk used customers as tesla autopilot beta testers, he used total customer deposits and payments to drive revenue from delayed-delivery vehicles."
Achieving profitability and positive cash flow is the least of Tesla's concerns. The real challenges it faces are production.
The company still struggles to deliver a few thousand cars a week, compared to the tens of thousands of vehicles that even smaller car manufacturers manage without problems.
In addition, the cars that Tesla manages to deliver are still not ready for prime time. Kudla says that more than half of Tesla Model S owners had their cars in the shop for at least a week, noting that Teslas had the worst performance in hybrid and electric vehicle reliability.
Real leaders lead
A true leader would tackle these problems head-on. He would not blame them for the lack of car carriers nor the surprise discovery that their company did not have service coverage nationwide. They would also not engage in drunken watchtowers or potentially criminal market manipulation.
Instead, a true leader would let customers down and develop a clear plan for meeting the challenges of society. Then they would make sure that their company would keep its promises – and its vehicle orders. I want to say really respond to these problems by tackling the underlying problems, not by playing with the production schedule or by making bank deposits to make short-term gains.
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The announcement of unexpected results from Tesla Inc. is another sign of a company that lacks true leadership and looks like a long-term strategy.
Elon Musk, President and CEO of Telsa Inc., was seen on Friday, September 7, 2018 in New York, USA, on the floor of the New York Stock Exchange (United States). day – to – day selling, while Broadcom 's results exceeded estimates and that the Trump administration was hitherto prevented from intensifying the trade war with China. Photographer: Michael Nagle / Bloomberg
Although the company did not explain its decision to cancel its third quarter results, there was much speculation online about the reasoning behind them. Some believe that Tesla's numbers will be even more disappointing than usual, suggesting that the company wants to get the bad news. But most think it's because Tesla will finally save a profit for the first time since 2013, and they say CEO Elon Musk wants to make sure the good news is not overshadowed by the elections mid-term in the United States.
I think the bulls are right, but that does not mean that Tesla has turned the corner. And Tesla"The rush to cheat the good news is another sign that this business is motivated by short-term thinking.
Read the tea leaves
Musk has promised third-quarter profits and positive cash flow, and Tesla has done everything to honor its commitment – but not addressing the underlying issues of the company.
"Like the second-quarter shenanigans trying to produce 5,000 models 3 for a week in June, production builds were focused on high-income models and car deliveries were being manipulated. We therefore fully expect that Tesla has found a way to make a profit for the third quarter and would be very surprised if they do not, given the obstacles they have overcome to do so. " said analyst David Kudla, chief investment strategist at Mainstay Capital Management, in a note on Tuesday morning. "Just as Elon Musk used customers as tesla autopilot beta testers, he used total customer deposits and payments to drive revenue from delayed-delivery vehicles."
Achieving profitability and positive cash flow is the least of Tesla's concerns. The real challenges it faces are production.
The company still struggles to deliver a few thousand cars a week, compared to the tens of thousands of vehicles that even smaller car manufacturers manage without problems.
In addition, the cars that Tesla manages to deliver are still not ready for prime time. Kudla says that more than half of Tesla Model S owners had their cars in the shop for at least a week, noting that Teslas had the worst performance in hybrid and electric vehicle reliability.
Real leaders lead
A true leader would tackle these problems head-on. He would not blame them for the lack of car carriers nor the surprise discovery that their company did not have service coverage nationwide. They would also not engage in drunken watchtowers or potentially criminal market manipulation.
Instead, a true leader would let customers down and develop a clear plan for meeting the challenges of society. Then they would make sure that their company would keep its promises – and its vehicle orders. I want to say really respond to these problems by tackling the underlying problems, not by playing with the production schedule or by making bank deposits to make short-term gains.
