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

Posted May 05, 2018

The outspoken executive did admit that it would have been better to simply exclude both analysts from the call or answer their questions live.

I asked Musk how he thinks it will compare to the 2013 short squeeze that followed his 2012 warning to the shorts. During the call, Musk shot down a question from Sanford C. Bernstein & Co. analyst Antonio Sacconaghi about capital investment requirements.

His actions had immediate consequences. Musk's comments may have been enough to assuage them for now. 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.

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"We have no interest in satisfying the desires of day traders", Musk said Wednesday.

"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. It was down more than 6 percent as of this morning. "It's actually thinking they know more about Autopilot than they do, like quite a significant understanding of it". But if Musk turns out to be right on that, then he could also likely be right about his "next level short burn of the century" prediction.

"Please ignore this thread unless you're interested in a tedious discussion about Tesla stock", Musk starts. If his account checks out, it's not hard to see why Musk would be annoyed.

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"Reason RBC question about Model 3 demand is absurd is that Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms".

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. He stated that even after the company reaches 5,000 vehicles in production per week, and even if new sales dropped all the way to zero, it would take two years to satisfy existing demand.

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