Monday, 17 December, 2018

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

Daimler advanced technology trucks at the ACTExpo ACT Expo 2018 Daimler advanced technology trucks at the ACTExpo
Kelvin Reese | 05 May, 2018, 01:48

Explaining his decision in a string of tweets - which Mr Musk prefaced with a warning to "ignore unless you're interested in a tedious discussion about Tesla stock" - he said that the company was the most shorted stock on the market. But the two have a hold or neutral ratings on the stock, according to Thomson Reuters data.

A small hedge fund manager who has always been betting against Tesla Inc TSLA.O on Thursday redoubled his call for the stock to fall to zero, comments that came as investors were already hammering the electric auto maker. "Excuse me, next", Musk dismissed the question.

Tesla CEO Elon Musk is going on the defensive in a series of tweets, saying the people he shut down during a contentious conference call were analysts who believe investors could profit by betting that the company's stock price will fall.

Further, Musk fired off a tweet last June in which he said short sellers "want us to die so bad they can taste it".

The call was moving along relatively smoothly until Bernstein analyst Toni Sacconaghi asked about the electric vehicle maker's capital requirements.

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The bill also would prohibit someone from acquiring, providing, receiving, transferring or using a fetal body part in Iowa. A fetus's heartbeat can typically be detected at just six weeks, often before a woman even knows she is pregnant.

Musk later called media stories questioning the safety of autonomy "outrageous".

Speaking at the Kase Learning Short Selling Conference in New York, Stanphyl Capital Partners founder Mark Spiegel criticized Tesla's financials and said they are "worsening" under heavy competition from luxury automakers.

During Wednesday's call, Spak asked about customer reservations for the Model 3 sedan, while Sacconaghi wanted to know about Tesla's capital requirements.

In response to the next question from RBC's Joseph Spak about Model 3 reservations, Musk, after a long pause, said, "We're going to go to YouTube". Perhaps by the time Tesla needs more money, Musk's antics will be forgotten, or at least accepted as Elon being Elon. Next, next. Boring questions are not cool.

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.

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