Elon Musk kinda, sorta admits he messed up


In a series of tweets, Musk initiated a "tedious discussion about Tesla stock" where he delineated circumstances around Wednesday's conference call.

With his pointed comments on social media, Musk is doubling down on the defiant attitude he displayed on Wednesday's earnings call - one that infuriated analysts across Wall Street. "Sorry, these questions are so dry, they're killing me".

"The 2 questioners I ignored on the Q1 call are sell-side analysts who represent a short seller thesis, not investors", Musk tweeted.

RBC Capital Markets' Joseph Spak called it an "odd conference call that lacked answers to questions on investors' minds and overshadowed earnings". "We're going to go as long as there are good questions to answer", he said of the question and answer phase of the call.

The Tesla CEO took to Twitter on Friday morning to once again confront his least favorite group of people: those predicting that his company's stock will drop. "Excuse me, next", Musk dismissed the question. It also followed some recent wild tweets by Musk about building a cyborg dragon, how his eyebrows can grab things and an April 1 post in which he wrote, "Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt". But the stock slide showed that Wall Street's seemingly endless patience with Musk-who is also a rocket scientist and tunnel company chief-may be growing thin. Short interest - a measure of bets that a stock will drop - sits at a whopping $11 billion, outpacing the next-most-shorted company, Apple, by more than $1.5 billion, according to data compiled by financial analytics firm S3 Partners.

Tesla has fallen far short of Musk's promises to ramp up Model 3 production, which the company has said is key to turning a profit.

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Elon Musk made headlines yesterday after opting to ignore questions from two analysts.

However, his justification for calling out the other analyst speaks to how much work Tesla still has in front of it. Musk argues it would be impossible to fulfill existing Model 3 orders even if production goals are met, due to high demand.

"Next, next. Boring bonehead questions are not cool".

"Reason RBC question about Model 3 demand is absurd is that Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms".

"Oh and uh short burn of the century coming soon".