"Don't let Musk's conference call theatrics fool you". The company is planning to start a new plant as the Fremont plant is jammed to grills according to Elon Musk but they are yet to decide the place for new factory which is why the timeline for Model Y production is 2020.
RBC Capital Markets' Joseph Spak called it an "odd conference call that lacked answers to questions on investors' minds and overshadowed earnings". Sorry. These questions are so dry.
Elon Musk lost his composure on Wednesday during Tesla's first-quarter earnings call, and now he's scrambling to clean up the mess.
"I think, generally speaking, when CEOs are evasive around number questions, that is worrisome... when financial questions are asked, they should be addressed", he added.
Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China January 26, 2016.
Quite recently, Tesla's QI earnings slowed down with a less than expected share drop.
After receiving a suggestion on Twitter that blocking analysts who are going to be negative would solve his problem, Musk wrote back: "True".
Tesla will need to raise more money in the near future to meet its cash needs, the credit rating agency claimed.
Omokri Speaks On Buhari's Technical Stopover In UK
He said the " big " president jet is faulty and is now undergoing repairs, while the one he is using is limited in capacity. The explanation was offered by the President's Senior Special Assistant on Media and Publicity, Mallam Garba Shehu .
Wall Street analysts are closely following Tesla's progress as the company works to resolve Model 3 production delays. But short sellers, who shorted almost 400,000 shares on Thursday, doubled that amount on Friday, according to financial analytics firm S3 Partners.
The Model Y will be the new entry level model of Tesla after its launch and it is based on the same platform of Model 3.
Speaking to CNBC about the incident on Thursday, Sacconaghi suggested that Musk's behavior was a "worrisome sign".
Predictably, Musk's outright dismissal of the above questions didn't exactly inspire faith among investors.
Next, Musk was asked many questions by Galileo Russell, a 25-year-old retail investor, and owner of a YouTube Channel.
Tesla's stock dropped more than 5% on Thursday after Musk, speaking after the electric vehicle maker reported stronger revenue than expected, dismissed two questions about Model 3 orders and reduced spending plans.
Also see: The price of Musk cutting off analysts? He told one analyst that "boring, bonehead questions are not cool".