Tesla Earnings Call Highlights — What I Learned

,” due to selling and administrative costs being about $500 million higher than I expected. This caused the stock to drop about $50 a share until people figured out that two “one time” items caused this increase in expenses. The first unexpected item was a $340 million payroll tax charge related to Elon exercising all the stock options from the 2012 compensation plan that were close to expiring.

The Tesla team mentioned that they are now experts at Heating and Air Conditioning systems and could make a great system for homes that would save a lot of money and energy, but that they have a lot on their plate, so they don’t know when they will get to it. They encouraged other companies to design a better HVAC.

Elon sounded optimistic that their human robot would be an important product. I suspect this is because he has tweeted so much about low birth rates that he is getting more worried about a labor shortage. Elon expects all of their stationary storage to transition to iron-based batteries instead of nickel.

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