Musk seeks to soothe Wall Street nerves after snub

Elon Musk: Tesla Model Y Will be a 'Manufacturing Revolution', Production to Begin in 2020

Tesla posts £523 million loss in January-March 2018

They had asked about cash requirements and orders for the company's Model 3 vehicle after Tesla announced a record first-quarter loss on Wednesday. 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.

He said that the questions had come from "sell-side analysts. trying to justify their Tesla short thesis".

Tesla's shares and bonds slid on Thursday as investors took the CEO to task for slashing analysts' questions and grappled with issues over Tesla's ability to raise funds in the future.

Tesla CEO Elon Musk on Wednesday made another round of headlines after a handful of contentious exchanges with analysts during an earnings report conference call.

Wednesday's results showed Tesla tearing through $745.3 million in cash in the first quarter, due largely to the slow production ramp-up of the Model 3 mass-market electric sedan. 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.

The questions were "neither valid nor pertinent", Musk tweeted, urging people to ignore the thread unless they were interested in "a tedious discussion about Tesla stock". "Shorting" means they were betting the stock would fall, but the two have "hold" or "neutral' ratings on the stock, according to Thomson Reuters data". Musk interrupted him to say that boring questions are "not cool" and called for the next question.

When a Twitter user suggested that Musk could have blocked the analysts from speaking on the conference call, the Tesla founder responded, "True".

Musk revealed via a tweet in April that the company will need to reach a rate of 5,000 per week before more variants can be added, like a dual-motor model.

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

Sacconaghi has a US$265 price target on the stock, while Spak sees the shares falling to US$280.

In the call, Musk devoted 23 minutes in taking questions from a 25-year-old Tesla investor, Galileo Russell, who owns an YouTube investment channel called HyperChange TV. "We wonder what spending is deferred and for how long", CFRA analyst Efraim Levy wrote in a note to investors.

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