Tesla Model Y: everything you need to know

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

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

"Musk's meltdown will change Tesla's ability to raise capital when he needs it with a sector of investors", said Eric Schiffer, chief executive of the Patriarch Organization, a Los Angeles-based private-equity firm. When asked if Tesla might need an infusion of capital, Musk responded: "Excuse me".

Musk said a question about capital expenditures was "boneheaded" because the information was contained in Tesla's letter to shareholders. Sorry. These questions are so dry.

Tesla CEO Elon Musk has defended his interruption of two analysts during the company's Q1 conference call earlier this week. Well, to be fair, Musk didn't so much as refuse to answer the question as he mocked the analyst for broaching it in the first place.

Musk claims that the questions that were ignored were from short-sellers "who were trying to justify their Tesla short thesis".

Finally, Musk promised those betting against Tesla would have regrets.

Wall Street weighed in by putting a halt to its recent hammering of Tesla - its shares rose more than 1 percent in morning trade.

Both analysts were not immediately available for a comment on Musk's tweets.

It's no secret that Tesla has experienced a series of issues with the manufacturing of its Model 3 saloon. But since peaking in September 2017, the shares have slumped by more than 26 per cent, as concern has grown about ongoing production problems for the Model 3, and the prodigious amount of cash the company is burning through. 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. Then, unsatisfied with the following question, Musk ended the queue and spent 20 minutes answering product-related questions from a YouTube channel host. Musk also noted that there are "really big numbers" involved.

Tesla's stock dropped more than 5% on Thursday after Musk, speaking after the electric auto maker reported stronger revenue than expected, dismissed two questions about Model 3 orders and reduced spending plans. They are actually on the *opposite* side of investors.

"While the consequences are unquantifiable, we believe Tesla's CEO made a mistake in refusing to answer some of the analyst questions about the Model 3 ramp", Morgan Stanley analyst Adam Jonas wrote in a note on Thursday.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.