Tesla CEO Elon Musk has had it up to here with the short-termism of the stock market. So he must have been happy this morning when President Donald Trump tweeted he has “asked the SEC to study!” the idea of having public companies only report earnings every six months instead of every quarter, to “allow greater flexibility,” whatever that means. This came a week after Musk said he was tired of the market’s hamster wheel and wanted to take Tesla private, where he wouldn’t have to worry about pesky short-sellers, analysts and the like.
But short-termism isn’t a big problem