Hulbert Challenges SEC's Semiannual Reporting Shift, Cites Tesla's 1,651% Long-Term Gains

Mark Hulbert critiques the SEC's proposal to replace quarterly earnings with semiannual reports, arguing it targets a non-existent short-termism issue with minimal market impact. He highlights Tesla's journey from its 2010 IPO to its first annual profit a decade later, delivering 1,651% returns through 2019, and Amazon's 865% gains over six loss years, proving investors reward growth. With 40.6% of Russell 2000 firms unprofitable amid record highs, Hulbert warns reduced reporting risks obfuscation, eroding trust and boosting volatility—two articles today deem the change unnecessary.