undergroundnewsroom.com May 27, 2018

Elon Musk To Analysts: Stop With The 'Boring, Bonehead Questions' On Tesla

05 May 2018, 01:50 | Gordon Grant

Elon Musk goofed, but the Tesla CEO is unlikely to change

Musk defends cutting off 'short seller thesis' analysts

Morgan Stanley's Adam Jonas said it was "the most unusual call I have experienced in 20 years on the sell-side", while Eric Schiffer, head of equity firm Patriarch Organization called it "the single greatest CEO meltdown in American vehicle history", Reuters reports.

The chief executive added that the two questioners he ignored were "sell-side analysts who represent a short seller thesis, not investors".

"Responding to a suggestion that the analysts - whose questions he had earlier described as "neither valid nor pertinent" - should have been filtered out before they even got a chance to ask a question, he agreed".

Back in 2012, Musk commented on the short interest on Tesla's stock and warned that anyone holding a stock position against the company will have a "tsunami of hurt" coming for them.

He then devoted his allotted 15 minutes to disparaging Musk and arguing that Tesla has no protective moat to give it a competitive advantage, even when it came to technology. (TSLA) sank this week on concerns over its most recent earnings call, which some on the Street said was the most freaky they have ever experienced.

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"Actually, they shouldn't really be writing the story", he said.

Even if they did advise clients to steer clear of Tesla's turbulent stock, that wouldn't be a good reason to dismiss their questions outright. "Do not buy it if volatility is scary".

As for the Model 3 reservations question, he described that as "absurd" on Twitter.

Levy added that although Tesla management should be "more disciplined publicly", the key to the stock is whether Tesla can ramp up production of the Model 3, its mass-market electric vehicle.

There's an easy solution to Tesla CEO Elon Musk's cash-burning problem, according to analyst Gene Munster: He needs to end the Model 3 production problems that have plagued the Silicon Valley automaker. Musk explained that the Model 3 already has about half a million reservations, "despite no advertising & no cars in showrooms". "Flamethrowers should arrive just in time".

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