Tesla shares fell as much as 1.2 per cent as of 9:35 a.m.in NY, a day after Musk's behavior on the company's earnings call sent the stock down by the most in more than a month. I couldn't care less.
"If people are concerned about volatility, they should not buy our stock."
As of writing, Tesla stock is trading down 0.90% at $281.95 during Thursday's intraday.
Musk's grand apology came after Twitter user David Brady told the 46-year-old that he should've "just blocked them in the queue" rather than shutting down the critical questions they asked of Tesla during a live conference call.
Tesla's latest quarterly earnings call was quite interesting.
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In the tweet below, he defends his behavior by claiming that two of the investor questions were already answered directly in the prepared earnings statement. "It was foolish of me to ignore them", Musk wrote in a tweet.
Musk's failure to answer questions from the analysts about Tesla's finances caused the stock to go down by 5.6 percent on Thursday. They had asked about cash requirements and orders for the company's Model 3 vehicle after Tesla announced a record first-quarter loss on Wednesday.
"We're going to YouTube". "These questions are so dry", Musk said. He then allowed multiple questions from a person via YouTube.
Russell had asked on Twitter before the call if he could pose a question on behalf of individual investors, and Musk had agreed. He believes Spak and Sacconaghi are short-selling Tesla, even though both analysts hold a neutral rating on the Silicon Valley auto company.
Tesla shares to lost more than five percent after the call. But since peaking in September 2017, the shares have slumped by more than 26 per cent, as concern has grown about ongoing production problems for the Model 3, and the prodigious amount of cash the company is burning through. And the future financial needs of the automotive company still remained open.
"Investor feedback is that the performance shook confidence, which we'd argue is an important piece of the Tesla story", Spak wrote the next day (http://www.marketwatch.com/story/tesla-analysts-call-out-elon-musk-after-truly-bizarre-conference-call-2018-05-03).