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    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

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    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

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    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

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    The increased prices of driver’s licenses, number plates set to take effect

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Trump bans citizens of 12 countries from entering the U.S, full list

    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

    • Nigeria
    • Africa
    • World
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    • All
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    • Economic Data
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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Sovereign Trust Insurance Plc grows Profit after tax by 43%  in Q1 2021

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12 best Elon Musk’s quote on Tesla’s Q2 earnings call

Tuesday, 27 July 2021, 6:31 pm
in Business, Companies
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12 best Elon Musk’s quote on Tesla’s Q2 earnings call
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Elon Musk during Tesla’s second-quarter earnings call this week talked about several issues including manufacturing, hiring and training workers, self-driving cars.

The Tesla CEO urged people to pursue careers in manufacturing, and suggested he might skip future earnings calls.

Read also: Tesla beats Wall Street expectations, posts most profitable quarter

Here are Musk’s 12 best quotes from the earnings call, according to Business Insider:

1.  “The chip supply is fundamentally the governing factor on our output. It is difficult for us to see how long this will last, because this is out of our control, essentially. It does seem like it’s getting better, but it’s hard to predict.” – referring to the global shortage of semiconductors.

2. “Those who have not actually been involved in the manufacturing ramp-up just have no idea how painful and difficult it is. You gotta eat a lot of glass.”

3. “It takes a while to hire people and train people to operate the factory. The factory is like a giant cybernetic collective, and you can’t just hire 10,000 people and have them work instantly. It’s not possible.”

4. “Don’t think this is the messiah or something.” – downplaying a change to Tesla’s batteries that could reduce production costs by 10%.

5. “We have the Baskin-Robbins of batteries. We have so many formats and so many chemistries that it’s like we’ve got 36 flavors of battery.”

6. “I really encourage more people to get involved in manufacturing. The US has an overallocation of talent in finance and law. I’m not saying we shouldn’t have people in finance and law. I’m just saying that maybe we have too many smart people in those areas.”

7. “The value of a fully electric, autonomous fleet is gigantic – boggles the mind, really. That will be one of the most valuable things that is ever done in the history of civilization.”

8. “At scale, we’ll have billions of miles of travel to show that a car with autopilot on is 100% or 200% safer or more than the average human driver. At that point, it would be unconscionable not to allow autopilot because the car just becomes way less safe.”

9. “You used to have elevator operators with a big switch to move between floors. But they would get tired or maybe drunk or distracted, and every now and again, somebody would be sheared in half between floors. That’s kind of the situation we have with cars. Autonomy will become so safe that it will be unsafe to manually operate the car, relatively speaking. It would be quite alarming if elevators today were operated by a person with a giant switch. That’s how we’ll be with cars.”

10. “The really remarkable thing that Tesla’s done is not to make an electric car or to be a car startup. The thing that’s remarkable is that Tesla didn’t go bankrupt in reaching volume production. Out of all the American car companies, there are only two that have not gone bankrupt and those are Ford and Tesla. The seeds of defeat are sown on the day of victory. We will endeavor not to make that the case of Tesla.”

11. “Our goal is to support the advent of sustainable energy. It is not to create a walled garden and use that to bludgeon our competitors, which is sometimes used by some companies.” – likely referring to Apple’s ecosystem of hardware, software, and services.

12. “I will no longer be the default during earnings calls. Going forward, I will most likely not be on earnings calls unless there’s something really important that I need to say.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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