Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Yesterday, Tesla revealed its sales and profit results, which missed analysts’ estimates for the fourth quarter of 2024. Musk pledged the company would grow its revenues in 2025 from sales of new models, autonomous ride-hailing services and robots. Elon resorted to his old trick of ignoring the reality of disappointing current financial performance and redirecting the investment community to the future.
Musk avoided the typical quarterly performance topics of actual financial results and pivoted to his view of the future. Tesla’s top line was unremarkable.
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