Musk defends cutting off analysts during conference call

Tesla’s founder Elon Musk is also behind the SpaceX project to send a spaceship to Mars but he is having trouble getting his electric car business off the ground

The questions were "neither valid nor pertinent", Musk tweeted, urging people to ignore the thread unless they were interested in "a tedious discussion about Tesla stock".

Musk is now on damage control, attempting to justify his unusual behavior in an unfiltered tweetstorm. "They are actually on the *opposite* side of investors", Musk tweeted on Friday. Wall Street certainly doesn't think so, and in fact didn't even believe it was possible in late 2017, before multiple more Model 3 delays. He talked about building a new factory for a second SUV and hitting 2,000 orders for a proposed Tesla semi. "They're killing me", he said before moving on from Spak and Sacconaghi's questions. We are likely to see many revisions in the coming days, especially after Tesla has pushed back its 25% margin target on the Model 3 by a couple of quarters. Fresh design cues from the Model 3 such as the flat, grille-free front end could also define the new auto.

The California company is still struggling to ramp up the Model 3 production, for which it has received almost 500,000 pre-orders.

"We're going to YouTube".

However, the firm likes to shuffle its powertrain offerings around often and without warning, so however the Model 3 line-up looks in 2019, it is likely to be replicated by the first Model Ys. RBC Capital's Joseph Spak then asked about how many Model 3 reservations had been converted into orders for the electric vehicle. The EV maker claims it doesn't need to raise more funds for capital expenditures. During the 12 following months, Tesla's stock price increased by 461% - much of which was attributed to a short squeeze after Tesla reported its first quarterly profit in Q1 2013.

The Model Y will be one of the company's cheaper vehicles, according to Business Insider.

Musk further insulted RBC's Spak by saying he had asked an "absurd" question about demand for Tesla's Model 3 - easily the company's most important vehicle.

Investors have consistently given Musk a pass for frequent misses of lofty production targets in the past, and Ramsey said that probably won't change.

CNBC also reports that Musk chose to take several questions from a 25-year-old retail investor and owner of a YouTube channel, Galileo Russell, which is unusual because questions on earnings calls are traditionally reserved for analysts, professional investors, and sometimes media. "Boring, bonehead questions are not cool". The analysts were not happy, and it was reflected in Tesla's stock price. It was the third consecutive quarter of losses exceeding $600 million.

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