Musk’s big mock-up: Retail forecasts for Tesla are more accurate than Wall Street’s

Tesla CEO Elon Musk has made no secret of his dislike of Wall Street, especially at Wednesday’s earnings conference. On the conference call, Musk first answered questions from anonymous retail investors before it was Wall Street’s turn to ask questions. One retail investor asked Musk, “Do you have to answer the analyst’s question?” “

Musk's big mock-up: Retail forecasts for Tesla are more accurate than Wall Street's

Musk replied, “Well, I don’t think we have to do that.” I do think that many retail investors actually have deeper, more accurate insights than many large institutional investors, and they have better insights than many analysts. “

Musk later added: “If people really take the analysis of some smart retail investors seriously, and some smaller retail investors’ predictions about Tesla’s future, you might get the highest accuracy and extraordinary insight from some of them.” “