On earnings reporting day, companies issue an earnings… you guessed it: report! Later that day, the top-brass of a company hosts an earnings call. The format of the call is usually a succession of small statements from the CEO, followed by the CFO, and any other officer that has something interesting (or otherwise) to say. The next stage is usually a Q&A session. Just to be clear, Q&A stand for Questions and Answers. Answers being the key word.
The people attending the earnings call are investors, reporters, and research analysts who put their well thought highly relevant questions to the company’s executives, and would expect a truthful answer.
Apparently, nobody informed Mr. Elon Musk of this small fact. During last week’s call he lashed out at analysts with comments such as: “Boring, bonehead questions are not cool. Next!” or “…these questions are so dry, they are killing me”, followed by a baffling: “I am not here to convince you to buy our stock”. Continue reading