The article discusses Tesla’s recent earnings call, where CEO Elon Musk made several candid remarks about the company’s future plans and challenges. Musk acknowledged that Tesla’s stock price is “insane” and that the company’s valuation is “too high.” He also expressed concerns about the global economic outlook and the potential impact on demand for Tesla’s vehicles. Despite these challenges, Musk remained optimistic about Tesla’s long-term prospects, highlighting the company’s focus on developing fully autonomous driving capabilities and expanding its manufacturing capacity. He also discussed Tesla’s plans to build a new factory in Mexico and the potential for future partnerships with other automakers. Overall, the article provides insights into Musk’s frank assessment of Tesla’s current situation and his vision for the company’s future growth and innovation.
Source: https://time.com/6970399/tesla-stock-earnings-call-elon-musk/