After everyone had read the quarter's results and all analysts were disconnected from the call, it was time to break the bad news before slipping out the back door.
...a few days after Musk called fossil fuels "the dumbest experiment in human history," his plane burned through thousands of pounds of jet fuel flying 300 miles from Los Angeles to Oakland on its way to take him to a competitive video gaming event.
Analyst consensus for Q1 changed to a loss of $2.5 million on January 21, just days after Tesla's announced layoffs and lowered guidance. Prior to the guidance reduction, Tesla was expected to post a profit of $62.8M.
“There’s no guarantee that IPO valuations will be higher than startups’ private valuations. [Some shareholders are selling because] they want to lock in gains.”
Vodafone says it’s going to temporarily halt the purchase of gear from the company for use in its new 5G networks that it is in the midst of rolling out across Europe.
Another ex-executive said, while trying to bail out Barclay's during the 2008 crisis: “...what he doesn’t realize is like if he doesn’t come through with his money, we’re f*****.”