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Comment by plint | Hacker News Reader

There was a petition of sorts on twitter to get Hyperchange on to the conference call. I think Elon was trying to segue with a plug to these guys because they aren't the regulars.

I'm asking seriously though, what would he stand to gain from hiding info about capex? Or do you think the reaction from investors is due to his attitude or signs of stress/things going wrong internally?

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He doesn't want to admit they company will need to raise money later this year.

He actually addressed capital raise on the call and it was pretty clear when he kept saying that they wouldn't need or want a capital raise

> He actually addressed capital raise on the call and it was pretty clear when he kept saying that they wouldn't need or want a capital raise

Yes, his forward looking statement was clear, just as Tesla's repeatedly-missed production projections have been clear.

OTOH, when your statements about the future keep turning out to be wrong, it's not surprising that people want more than your conclusions but also want supporting evidence that those conclusions are grounded in reality.

Yes, but that is the sort of "boring" detail that he routinely lies about (as are ramp-up schedules, delivery amounts, revenues and that sort of boorish stuff only Wall Street nerds care about)

Yes, but when institutional investors pointed out holes in his explanation about how you could go from burning 1B a quarter with 3B on hand and not need a capital raise, they got "boring" and "next."

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