Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

Musk on the call said "boring, bonehead questions are not cool" and went to an alternate line of questioning from a little-known investor, who runs YouTube investment channel HyperChange TV.

"You need to have full autonomy, level 4 or 5, whatever you want to call it and, obviously, a lot of cars on the road, and then build the software infrastructure behind that to enable shared autonomy", Musk said. These questions are so dry.

"I should have answered their questions, live", Musk tweeted a day later.

His actions had immediate consequences. But following Musk's comments to his 21.6 million followers on Twitter, the shares have started to recover: up about 1.3 percent in Friday morning trading.

Sacconaghi fired back at Musk Thursday, telling CNBC: "This is a financial analyst call, this is not a TED talk". He also says, "They are actually on the opposite side of investors".

Even if they did advise clients to steer clear of Tesla's turbulent stock, that wouldn't be a good reason to dismiss their questions outright.

"The 2 questioners I ignored on the Q1 call are sell-side analysts who represent short seller thesis, not investors", Musk tweeted.

"The reason the Bernstein question about CapEx was boneheaded was that it had already been answered in the headline of the Q1 newsletter he received beforehand, along with details in the body of the letter", Musk said in a follow-up tweet. If his account checks out, it's not hard to see why Musk would be annoyed.

There's an easy solution to Tesla CEO Elon Musk's cash-burning problem, according to analyst Gene Munster: He needs to end the Model 3 production problems that have plagued the Silicon Valley automaker.

Levy added that although Tesla management should be "more disciplined publicly", the key to the stock is whether Tesla can ramp up production of the Model 3, its mass-market electric vehicle. "Even after reaching 5k/week production, it would take 2 years just to satisfy existing demand even if new sales dropped to 0", he said.

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