Elon Musk accepts his move to snub Tesla analysts was 'foolish'
Elon Musk accepts his move to snub Tesla analysts was 'foolish'
Elon Musk isn't backing down despite weird remarks in Tesla call
06 May, 2018, 00:05
That was one part of the call that many investors seemed to take literally, and now Musk is around $300 million poorer for it. They had asked about cash requirements and orders for the company's Model 3 auto after Tesla announced a record first-quarter loss on Wednesday.
"I should have answered their questions live". (TWTR) early Friday with a series of tweets justifying his bold behavior on Thursday's call, in which he dismissed some analysts' questions and redirected others to a pro-Tesla YouTube blogger.
Elon Musk's derisive dismissal of analysts' questions is proving expensive.
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.
In its letter, Tesla said Model 3 production hit 2,270 per week at the end of April, the third straight week that it reached over 2,000.
Musk said people would have full ownership of their cars and loan them out when not using them, similar to Airbnb, or share them like Uber and Lyft drivers do. The executive has been critical in the past of investors who "short" Tesla shares, meaning they are betting that the stock will decline. On Friday, TeslaCEO Elon Musk told his fans that two questioners were analysts simply attempting to justify their short bets against TSLA stock.
Many expect that its need for cash will require the company to again turn to markets to raise more capital. "Next?", Musk said, as he cut off an exchange about capital expenditures.
When a Twitter user suggested that Musk could have blocked the analysts from speaking on the conference call, the Tesla founder responded, "True".
Shares in Tesla, which is based in Palo Alto, California, fell more than 4 percent in after-hours trading after the earnings report. They are actually on the *opposite* side.
The outspoken CEO spent the following 20 minutes speaking with Galileo Russell, a retail investor and host of the YouTube channel HyperChance TV, who convinced Musk on Twitter to allow him on the call despite it being reserved for analysts, investors, and the media.
Sacconaghi wrote in a note on Thursday that "we do worry that such theatrics will unnecessarily undermine investor confidence in Tesla's outlook".
He was hospitalized for a week, he said in his interview with Charlamagne Tha God, which led to a "breakthrough" and his recovery. I haven't had any conversation with Kanye within the last 24 hours, to be honest, because we have the earnings around.
The deal's critics are unmoved, and they are pushing for what they consider a long-overdue confrontation with Tehran . Pompeo did not indicate whether or not the evidence proved that Iran was not complying with the nuclear deal .
Around 450,000 women in England missed out on a routine breast screening appointment due to an NHS failure to send invitations. The error that may have cost hundreds of lives was caused by a trial meant to extend lifesaving screening to even more women.
The Bureau of Labor Statistics ( BLS ) releases a monthly report which breaks down labor market trends like employment growth . Among the major worker groups, the unemployment rate for adult women decreased to 3.5 percent in April.
The polarising smartphone marked a stark departure from the company's approach to the design and overall user experience. Apple iPhone X: Not a flop Apple fans and the industry pundits alike have been divided over the prospects of iPhone X .
Scientists know Mars has an iron core and a crust, but beyond that, the inside is "basically, completely unknown", said Banerdt. The main goal of the mission is to probe shape of the rocky planets of the inner solar system more than four billion years ago.
NBC affiliate WSAV is reporting that two people have been killed in the crash, however this has not been officially confirmed. The four-engine plane sent up a cloud of black smoke, with a tail wing coming to rest on a median, television images showed.
Ellis, though, suggested another remedy would be to simply hand the case back to regular federal prosecutors. The federal judge in Washington, Amy Berman Jackson, has not yet decided whether to drop the charges.
BBC analysis of the study shows the northern city of Kanpur tops the list of world cities with the highest PM2.5 levels in 2016. In terms of PM10 levels, 13 Indian cities figured in the 20 most-polluted cities of the world in 2016, Delhi being the worst.
At least three names, along with that of Justice Joseph, are likely to be cleared at the next collegium meeting, the sources said. The government had on 26 April declined to accept the recommendation of the collegium and asked it to reconsider his name.
13 miners trapped underground
The union said it was "angry and concerned" at the rate at which health and safety incidents were happening at Sibanye-Stillwater. The Driefontein accident was caused by a seismic event at about 1:30 p.m. local time on Thursday, Sibanye said.
Kentucky Derby parties in Chicago this weekend
Smith, a four-time Triple Crown victor who ranks second in all-time earnings, according to Equibase . And so have the oddsmakers as Magnum Moon , despite being in that 16th spot, is a 6-to-1 favorite.
Police body-cams show Vegas shooter Stephen Paddock's room
Other media outlets as well as the Associated Press sued to obtain signs logs, 911 recordings, movies and interview stories. The police investigation is not finished, said Lombardo, the elected head of the Las Vegas Metropolitan Police Department.
Steel, aluminum tariff decision delayed to June 1
That's when European Union trade ministers are scheduled to meet, one week ahead of the Trump administration's new June deadline. China was not included in the exemptions and it later retaliated with its own duties on some United States imports.
Meadville-area gas prices dip below $3 per gallon
Analysts say they are uncertain whether this was a one-week quirk or if high gasoline prices are causing drivers to cut back. However, these gains would have been more significant had the USA not exported a record amount of fuel, the auto club said.