Elon Musk goofed, but the Tesla CEO is unlikely to change

Elon Musk goofed, but the Tesla CEO is unlikely to change

"Next?" Shortly thereafter, analyst Joseph Spak of RBC Capital Markets asked a question about Model 3 reservations, Musk punted altogether and opted to take a question via YouTube.

"I think, generally speaking, when CEOs are evasive around number questions, that is worrisome... when financial questions are asked, they should be addressed", he added. Musk interrupted the analyst and dismissed his question, indicating that "boring" questions are "not cool".

"The 2 questioners I ignored on the Q1 call are sell-side analysts who represent a short seller thesis, not investors", he said on Twitter, before going on to address his reasons for ignoring each.

More investors are betting against electric-car maker Tesla than any other USA stock. By all intents, Tesla had out-performed expectations in Q1 2018, announcing not only a new milestone in Model 3 production but a significant improvement in battery production.

Musk said a question about capital expenditures was "boneheaded" because the information was contained in Tesla's letter to shareholders. This means that some are betting Tesla's shares will fall, and they stand to gain if the share price drops. They are actually on the *opposite* side. And the future financial needs of the automotive company still remained open.

Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China January 26, 2016.

Tesla Semi EV Truck

Problems with building Model 3s at a plant in Fremont, California, got so bad during the quarter that Musk has tweeted he's sleeping at the factory, automation is overrated and more humans are needed to build the cars.

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla shares to lost more than five percent after the call.

Tesla began the quarter with $3.96 billion in cash and equivalents, but that fell to $3.22 billion by quarter's end.

In the call, Musk devoted 23 minutes in taking questions from a 25-year-old Tesla investor, Galileo Russell, who owns an YouTube investment channel called HyperChange TV. The analysts were not happy, and it was reflected in Tesla's stock price.

Sacconaghi, one of the rebuffed analysts, wrote: "We do worry that such theatrics will unnecessarily undermine investor confidence in Tesla's outlook".

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