Thursday, May 3, 2018

MUSK MELTDOWN

   Things for Tesla just went from bad to worse when in one of the most bizarre conference calls since Jeff Skilling had some choice words for Richard Grubman, Elon Musk unexpectedly and abruptly cut off the earnings call when he encountered a question he appeared to find "uncool."
    Just as Bernstein's Tony Sacconaghi was asking one of the most important questions to emerge from this earnings release, namely what does it mean for battery and production capacity now that Tesla has cut its capex estimate, and just as CFO Ahuja started to provide some semblance of a response, the Bernstein analyst was suddenly cut off, only it wasn't because the line was dropped but because Musk literally cut off the analyst mid-question, saying "boring bonehead questions are not cool."
    "We're going to YouTube. These questions are so dry. They're killing me", the petulant Musk said interrupting the next question in the queue which wanted more information on Model 3 reservations, at which point Musk proceeded to go to the Youtube channel reserved for questions from retail investors.

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