Tesla’s Earnings Disappoint. Its Shareholders Won’t.

Tesla Inc.’s get-out-the-vote bandwagon just hit a bump. November’s all-important shareholder meeting will feature proposals to award Chief Executive Officer Elon Musk a new trillion-dollar pay package and also to funnel some of the company’s capital into his artificial intelligence business. Positive news has flowed freely ahead of that, with Musk buying stock, Chair Robyn Denholm giving a relatively rare interview to make the case, and Tesla reporting a jump in electric vehicle sales. Now Tesla has reported third-quarter results and they are less than inspiring.

Maybe that’s the point?