Elon Musk's 'Surreal' Call Costs Him a Lot of Money

Tesla's stock drops after CEO impatiently brushes off questions
By Newser Editors,  Newser Staff
Posted May 3, 2018 11:06 AM CDT
Elon Musk, CEO of Tesla and SpaceX, in a file photo.   (AP Photo/John Raoux, File)

(Newser) – Leave it to Elon Musk to turn what's normally a dry affair—a conference call with analysts—into a controversial one. The Tesla CEO's brushoff of questions he didn't like on Wednesday continues to take a toll, with the company's stock down 7% as of Thursday morning, reports Reuters. It "was arguably the most unusual call I have experienced in 20 years," says a Morgan Stanley analyst, per CNBC, whose story uses the word "bizarre" in its headline. (Reuters notes that Musk also spoke of "barnacles, flufferbots, and bonehead bears" during the call, dubbed "surreal" by a Cowan analyst. More reaction and developments:

  • 2 moments: A post at CNNMoney pulls out five key moments, including when Musk stopped his chief financial officer from answering a question about capital expenditures. "Excuse me. Next. Boring, bonehead questions are not cool. Next?" said Musk. At another point, after an analyst asked about trouble with Model 3 reservations, Musk responded with about 15 seconds of silence before moving on to another subject. "These questions are so dry," he said. "They're killing me."

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