Elon Musk spoke about crystal balls, bank lending, self-driving cars and lithium refineries this week. Here are his 10 best quotes from Tesla's Q1 earnings call.
warned of a rough year ahead
Musk also trumpeted Tesla's Dojo supercomputer platform and self-driving technology as potential game-changers for the company, and predicted gas-powered vehicles will eventually become curiosities, according to a transcript provided by AlphaSense/Sentieo.1."Stormy weather for about 12 months and then, provided there are no major geopolitical wildcards that show up, that things start getting sunny around spring next year.
3."Every time the Fed raises the interest rates, that's equivalent to increasing the price of a car. Whenever there is uncertainty in the economy, people will generally postpone big, new capital purchases like a new car. If people are reading about layoffs and whatnot in the press, they might be worried about being laid off. So then they'll be, naturally, a little more hesitant than they would otherwise be to buy a new car.
7."If we're able to have a fleet of several million vehicles that with a software update can be potentially worth several times their original value ... if that happens, and I think it will happen, that will be the biggest asset value increase in history."
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