.
LIZ: THIS HIGHLY UNUSUAL AND
CONTROVERSIAL EARNINGS CALL FOR
TESLA IS THE TALK OF WALL
STREET.
YOU CAN SEE THE STOCK SINKING,
THE MINUTE CEO ELON MUSK
STARTED INSULTING ANALYSTS AND
EVEN INSULTING HIS OWN GUESTS.
WE PULLED OUT SOME OF THE MOST
CONTROVERSIAL MOMENTS DURING
THE CALL.
LISTEN AND JUDGE FOR YOURSELF.
>> EVERY DATA POINT THAT WE
LOOK AT INTERNALLY SUGGESTS
THAT WE ARE BEST IN CLASS, BUT
WE DON'T --
>> IT'S NOT A CLASS.
>> WE'RE THE BEST.
>> THE BEST IN CLASS.
>> SO WHERE SPECIFICALLY WILL
YOU BE IN TERMS OF --
.
LIZ: HERE WITH US RIGHT NOW,
GALILEO RUSSELL, A TESLA RETAIL
INVESTOR WHO CROWDFUNDED HIS
WAY ONTO THE TESLA CALL,
USUALLY RESERVED EXCLUSIVELY
FOR ANALYSTS AND INSTITUTIONAL
INVESTORS.
YOU'RE THE HOST OF YOUR OWN
YOUTUBE CHANNEL, HYPERCHANGE
TV.
HOW DID THIS COME ABOUT, THAT
YOU GOT TO ASK ONE QUESTION,
YOU WERE ON FOR 20 MINUTES
ASKING QUESTIONS OF ELON.
>> SO THE REVIEWS OF THE TESLA
CONFERENCE CALLS ARE ONE OF THE
MOST POPULAR VIDEOS ON MY
CHANNEL AND MY SUBSCRIBERS
SUGGESTED I TRY TO GET ON THE
CALL AND WANTED TO VOUCH FOR
ME, I STARTED A CAMPAIGN TO DO
THAT, AND 200 SHAREHOLDERS
TRIED TO GET ME ON THE
CONFERENCE CALL AND TWEETED
ELON AND HE WENT FOR IT AND
WANTED ME ON THE CALL.
LIZ: YOU PROBABLY THOUGHT YOU
WERE GOING TO GET ONE QUESTION?
>> DID I THINK I WAS GOING TO
GET ONE QUESTION, ASSUMED THAT
WOULD BE THE END OF THE CALL.
I PREPARED 10 TO 12 QUESTIONS
AND GOT A TON OF INFORMATION
FROM THE HYPERCHANGE COMMUNITY
AND MY FELLOW TESLA BLOGGERS.
I WAS READY TO GO, I KIND OF
RAN WITH IT.
>> YOU WERE ON THE CALL WITH
THE BIG BOYS, THE SO-CALLED
HEAVY HITTERS.
THE BARCLAY'S, DEUTSCH
ANALYSTS, I BELIEVE PIPER
JAFFRAY, GOLDMAN SACHS, MORGAN
STANLEY AND SUDDENLY HE CEDES
THE FLOOR TO YOU, AND WE WORKED
WITH ELON FOR YEARS.
I THINK I WAS THE FIRST
JOURNALIST ON TELEVISION TO
INTERVIEW HIM 100 YEARS AGO
ABOUT SPACEX, BUT MAYBE HE WAS
FEELING ATTACKED AND THOUGHT
I'M GOING TO GET SOFTBALLS FROM
YOU.
I WOULD LIKE TO SAY THAT YOU
STARTED ASKING HIM ABOUT THAT
VERY FLOOR THAT ELON AND I ARE
ON RIGHT NOW.
WHERE THEY MAKE THE TESLAS IN
FREMONT AND YOU BROUGHT UP THE
MODEL Y WHICH IS SUPPOSEDLY THE
NEW UPCOMING CAR.
YOU ASKED WILL IT BE MADE IN
FREMONT?
THAT MAKES NEWS, WHATEVER HIS
ANSWER IS, CORRECT?
>> THERE WAS A REUTERS REPORT
THAT IT WOULD START IN LATE
2019 WHICH IS IN DIRECT
CONTRADICTION WITH THE PREVIOUS
CALL.
I WANTED TO CLARIFY THAT.
LIZ: ANOTHER ANALYST PUSHED HIM
AND SAID NO, IT'S GOING TO BE
WRONG, IT'S GOING TO BE
PROBABLY 2020, NOT 2019, RIGHT?
>> YES, EXACTLY.
LIZ: WHAT DO YOU THINK OF ELON
MUSK NOW?
HE WAS RATHER HARSH ON SOME OF
THE ANALYSTS.
DO YOU FEEL HE GETS A PASS
BECAUSE HE IS SUCH A DISRUPTER,
AND, YOU KNOW, LET'S KEEP IN
MIND GALLI, THREE QUARTER OF A
BILLION DOLLARS IN LOSSES THIS
QUARTER?
>> I THINK HE HAS LONG-TERM
RETAIL INVESTORS IN MIND AND
QUARTER AFTER QUARTER THAT
ANALYSTS ASK THE QUESTIONS THAT
THE ANALYST HE CUT OFF ASKING
SOMETHING THAT HAD BEEN
REFERENCED IN THE SHAREHOLDER
LETTER THAT HAD BEEN PUT OUT.
THEY'RE NOT ADDING VALUE TO THE
LONG-TERM STORY.
THERE WAS A TON OF PENT-UP
ENTHUSIASM TO GET THE NEXT
CAPITAL RAISE.
LIZ: HOW MANY SHARES DO YOU
OWN?
>> 54.
>> AT WHAT LOWEST POINT DID YOU
BUY?
>> ALMOST ALL THOSE I BOUGHT AT
ABOUT $200 PER SHARE.
>> YOU ARE UP 84 BUCKS PER
SHARE.
AND FINALLY THE YOUTUBE
CHANNEL, HOW MANY PEOPLE DO YOU
HAVE FOLLOWING YOU?
>> JUST A LITTLE AFTER 10,000
AFTER THE NEWS HIT.
LIZ: BEFORE THE CONFERENCE
CALL, HOW MANY?
>> ABOUT 8,000.
LIZ: ARE YOU GOING TO CONTINUE
WITH THE BACKWARD BASEBALL HAT?
I LIKE IT?
>> I TRY TO BE AUTHENTIC, THAT
IS WHAT'S MISSING FROM THE
SITUATION, PEOPLE SEE ANALYSTS
IN SUITS SUPER CORPORATE NOT
REPRESENTING THE SHAREHOLDER
AND THAT'S WHY I STARTED MY
CHANNEL, I WANT TO INSPIRE
MILLENNIALS TO TAKE AN INTEREST
IN FINANCE, BY SHOWING WHAT I
AM, I THINK I CAN DO THAT.
LIZ: TESLA, BUY, SELL OR HOLD?
>> HOLDING FOR TEN YEARS, SUPER
LONG-TERM.
LIZ: GOOD TO SEE YOU.
COME BACK ON THE NEXT CALL.
ARE YOU PICKING YOUR STOCK TO
MUSCLE YOUR WAY ONTO A
CONFERENCE CALL?
>> I ONLY OWN TESLA FOR RIGHT
NOW.
LIZ: YOU NEED TO BROADEN YOUR
