Tesla Inc TSLA.O Chief Executive Officer Elon Musk acknowledged on Friday that it was "foolish" of him to snub analysts on a conference call earlier in the week, but further needled Wall Street with a series of accusatory tweets.
As for whether this is the last of Musk's odd behavior, that seems unlikely.
Musk opted to explain his side on Twitter early Friday.
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As NPR's Sonari Glinton reports, investors are getting nervous about the production delays in Tesla's most affordable model, and the company's stock has been volatile. Tesla built just 2,400 of the sedans in the first six months of production, although the company says it is now building approximately that amount per week and targets a 5,000-per week figure in the next two months. It will be a crucial step in Tesla " s second "Master Plan', which will see the company expand beyond its current line-up with a second-generation Roadster and commercial vehicle entries, inculding an all-electric pick-up and a full sized Tesla Semi truck.
In response to the next question from RBC's Joseph Spak about Model 3 reservations, Musk, after a long pause, said, "We're going to go to YouTube".
Given a platform share with the Model 3 has now been confirmed, it's extremely likely that drivetrains will be the same, too. The Model 3 will be manufactured in this undisclosed new site. Tesla told shareholders that it expects to achieve the original goal of 5,000 units per week in a couple of months.
Although Musk has insisted the company neither needs nor wants new funding, many believe the company will seek to raise more capital by the end of 2018. The Tesla Model Y launch date is still a couple of years away, but the vehicle could significantly boost Tesla's revenues.
Just after the electric auto and solar panel company announced a record first-quarter loss, the Tesla CEO cut off two analysts who sought some basic answers: details about the company's cash needs and orders for its all-important Model 3 mass-market electric vehicle. "Excuse me, next", Musk dismissed the question. But never have his actions caused so much angst on Wall Street. They're killing me." He also threw tantrums at Bernstein & Co analyst Antonio Sacconaghi, who asked: "And so where specifically will you be in terms of capital requirements? It was the third consecutive quarter of losses exceeding $600 million.