Musk rejected questions from two Wall Street analysts during the company’s unusual first-quarter earnings call on May 2.
“Excuse me. Next. Boring bonehead questions are not cool,” Musk said after Sanford C. Bernstein & Co. analyst Antonio Sacconaghi asked about Tesla’s future capital requirements.
The next question came from RBC Capital Markets analyst Joseph Spak, who asked about Model 3 reservations.
“These questions are so dry. They’re killing me,” Musk said, before turning to Galileo Russell, a retail investor who runs a YouTube channel about Tesla. Russell was allowed to ask several questions about a range of subjects, none of which concerned Tesla’s financial health.
Tesla’s stock dropped 8% in after-hours trading after the call.
Musk later explained why he rejected the questions on Twitter, but said he should have answered them.
“Once they were on the call, I should have answered their questions live. It was foolish of me to ignore them,” he wrote.
He apologized for his remarks during Tesla’s third-quarter earnings call.
from Viral Update News http://bit.ly/2Sr7IDq
0 Comments