Part 7/10:
The core argument against paying undue attention to Tesla’s earnings calls is that they are snapshots of a short-term noise pattern—not indicators of long-term success. He explains that earnings reports often focus on current issues or short-term hiccups, which may distract investors from Tesla’s overarching innovation trajectory.
As a long-term investor, he emphasizes that the key metric isn’t quarterly profits or setbacks but whether Tesla continues to innovate and expand margins. If these are on track, the stock price will naturally appreciate over time. Thus, he perceives earnings calls as less critical, especially since they tend to be laden with noise irrelevant to Tesla's future.