Elon Musk Has Rejected "Bonehead" Questions Over Tesla's $710 Million Losses
Ready for your latest dose of Tesla-based oddness? Good, because Elon Musk has hit the headlines once again. This time it’s for totally dismissing corporate analysts’ questions on Tesla’s financial health.
As we’ve already reported on several occasions, Tesla is spending money pretty quickly without all that much of it coming back in. During a conference call with number-punchers from heavyweight industry analysts, Musk refused to answer seemingly valid questions about dollar and about how many people who had placed deposits for Model 3s still wanted them.
A Bernstein analyst called Tony Sacconaghi asked about how much money Tesla needed to raise to keep functioning after the company lost a record $710 million in 2018’s first quarter, but CEO Musk responded with:
“Excuse me, excuse me. Next, next. Boring bonehead questions are not cool. Next.”
Shortly afterwards, another analyst, Joseph Spak of RBC, asked how many, of those people who had placed Model 3 deposits and now had the chance to move on to the next stage and customise their car, had actually followed through. There was reportedly a 14-second period of silence where it’s believed that the call was muted on Tesla’s end, before 46-year-old Musk returned and said:
“We’re going to go to YouTube. Sorry, these questions are so dry. They’re killing me.”
In minutes some $1.8 billion had dropped off Tesla’s publicly traded value. Meanwhile, the Model Y’s production start date has been delayed until 2020, a year later than first stated, and we now know that it won’t be built at the firm’s Fremont, California plant. Elon Musk has also himself said that it’s ‘high time’ the company became profitable.
We hope it does, but this shareholder-scaring weirdness won’t help.
Comments
That will sure help with the reputation of Tesla
Musk’s attitude is truly shocking.
Screw Teslas, the real product i want from Elon is that Woke Frisbee.
He thinks the car industry is like a game where he can just go back when the fun is over, but instead he is going to the point of no return and moreover it’s like torture time for him and his company. Like I said in the last post, He shouldn’t have rushed in the first place. He already reached the endgame. Game Over
You just write negative stuff….
From digging tunnels to flying cars, and now not facing the disasters………. I think if he didn’t rush everything at once it wouldn’t end up dis bad tho (just my opinion)
Well his attitude clearly shows he is under heavy stress and trouble.He knows shit hit the fan
That interview looks so cartoonish 😂 I bet Elon was sweating even before he got on stage to answer those questions. Again, just like in the cartoons. LMAO 😂😂👌
The last bit of respect I had for Musk has been completely and utterly shredded. He just wont admit that he’s lost. If you can’t answer a question or don’t want to answer it, at least try to give a semi-convincing response that doesn’t give the game away. Any politician with at least half a brain is an expert at this. Simply calling it a “bonehead question” is disrespectful to the person asking and says a lot about him.