The 5 weirdest things that happened on Elon Musk's earnings call

The 5 weirdest things that happened on Elon Musk's earnings call

But not for Elon Musk.

Tesla Inc investors gave a rare rebuke to iconoclastic Chief Executive Elon Musk on Wednesday after he cut off analysts asking about profit potential, sending shares down 5 percent despite promises that production of the troubled Model 3 electric vehicle was on track.

As far as the stock is concerned, he slapped his own qualified sell rating on the shares, advising anyone who is "concerned about volatility" to "not buy our stock".

Here are the five strangest moments from the call. Another analyst asked about a capital requirement before being cut off.

"The boring questions can also be categorized as the tough ones", said Dave Sullivan, an analyst at AutoPacific.

After the awkward dressing down of one analyst, Musk quickly shut down the next guy.

Musk eventually returned to analysts' questions, touching on such subjects as ride-hailing services (which he said could begin "as soon as the end of next year"), plans for factory expansion (including the fact that every Gigafactory added from now on would build cars as well as batteries) and the Tesla Semi (a project that Musk said was currently getting a lower priority due to the focus on the Model 3).

But after a long pause, Musk refused to answer. Sorry. These questions are so dry.

"I want to make sure I'm asking a question that has not already been asked", Russell said on "Closing Bell" after the market closed.

What exactly Musk meant by "go to YouTube" wasn't at all clear.

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Russell's videos include one titled "Why I Bought Tesla Today At $255/Share".

Operating losses reached $709 million this quarter, up 115% Y-o-Y from the $330 million the company lost in Q1 2017.

But Musk tweeted back "Ok".

This being a Musk-led Q&A with analysts on Tesla, there's plenty more to report.

- Tesla's self-driving ride-sharing efforts.

But in order to get that in place, he said, Tesla needs to solve for autonomy. But Musk says the tech will be fully developed "by end of next year".

Tesla said it hit a production rate of 2,270 Model 3's per week in April, and it was able to churn out 2,000 or more cars for three straight weeks - finally reaching a milestone it hoped to hit previous year. If regulations were changed to allow it, the Robo-Lyft would be available by the end of 2019, he said.

Musk has gone on similar tirades about the press in the past, and on Wednesday he admonished journalists who have covered Tesla crashes in which the vehicle had the Autopilot feature engaged.

"Excuse me. Next. Next", Musk said to the call operator. "Because people might actually turn it off, and then die". He asked about Tesla's advances in autonomous technology. It handles some driving functions, but not all, and drivers are expected to stay engaged when the feature is activated. BidaskClub upgraded Tesla from a "strong sell" rating to a "sell" rating in a research report on Wednesday, January 24th.

The electric-car maker is now maxed out at 2,270 Model 3s a week, short of the 2,500 CEO Elon Musk promised would be produced weekly by the end of the quarter.

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