Boring, bonehead questions are not cool, Elon Musk tells analysts
Musk cut off analysts’ queries about the company’s capital requirements and whether it was retaining Model 3 reservation holders
San Francisco — Elon Musk assured investors that Tesla’s cash-consuming days will be over soon, then grew dismissive of analysts who pressed for answers on how he will put this era behind him. After burning through another $1bn in the first quarter, Musk said Tesla would generate cash in the second half of the year as it gained traction making the Model 3. Tesla is resolving production issues that have plagued its cheapest vehicle, and may be able to make 5,000 of the sedans a week in about two months, he said. An initial rally after Tesla released a letter from its CEO did not last, and the shares dropped during a strange and tense conference call. Musk cut off analysts’ queries about the company’s capital requirements and whether it was retaining Model 3 reservation holders, calling the questions "so dry" and "not cool". The stock declined further, trading down 4.5% in late trading. "The boring questions can also be categorised as the tough ones," said Dave Sullivan, an analyst at...
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