Tesla loses $1.8 BILLION after Elon Musk calls analyst 'boring'

Elon Musk is known for his outspoken views on a range of subjects, but his candour appears to have cost Tesla $1.8 billion (£1.3 bn) overnight.

That's the total value wiped off the electric vehicle company's shares, seemingly in response to the CEO's rude attitude during a quarterly earnings call.

The billionaire branded one industry analyst a 'boring bonehead' during the bizarre session, saying another's 'questions are so dry they are killing me'.

His lack of respect for the participants looks to have led to a five per cent nosedive in the business' stock after trading closed yesterday.

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Elon Musk is known for his outspoken views on a range of subjects, but his candour appears to have cost Tesla $1.8 billion (£1.3 bn) overnight. That's the total value wiped off the company's shares, in response to the CEO's rude attitude during a quarterly earnings call (file photo)

Elon Musk is known for his outspoken views on a range of subjects, but his candour appears to have cost Tesla $1.8 billion (£1.3 bn) overnight. That's the total value wiped off the company's shares, in response to the CEO's rude attitude during a quarterly earnings call (file photo)

The awkward exchange was just one of a number of unusual moments that took place during the teleconference call, held by the South African born entrepreneur.  

His 'bonehead' comments were in response to money management firm Bernstein's senior analyst Toni Sacconaghi, who questioned the profitability of the upcoming Tesla 3.

Musk said: 'Excuse me. Next. Boring, bonehead questions are not cool. Next?'

When Joseph Spak, an analyst from RBC Capital Markets posed a question about the Model 3, Musk reportedly paused for 15 seconds, before adding: 'These questions are so dry. They're killing me.' 

He then gave the floor to Galileo Russell, host of YouTube channnel HyperChange TV, which has around 9,300 subscribers.

Mr Russel asked a series of questions of Musk and other senior Tesla executives, which lasted 20 minutes, before Musk thanked him for the 'great questions.'

During the call Musk, who is also CEO of aerospace firm Spac X and brain augmentation startup Neuralink, admonished the press for its handling of crashes involving Teslas on autopilot mode.

According to a transcript of the call, Musk added:  'It's really incredibly irresponsible of any journalists with integrity to write an article that would lead people to believe that autonomy is less safe.

'Because people might actually turn it off, and then die. So, anyway, I'm very upset by this.' 

The billionaire branded one industry analyst a 'boring bonehead' during the bizarre session, leading to a five per cent nosedive in the business' stock. The awkward exchange was just one of a number of unusual moments that took place during the teleconference call

The billionaire branded one industry analyst a 'boring bonehead' during the bizarre session, leading to a five per cent nosedive in the business' stock. The awkward exchange was just one of a number of unusual moments that took place during the teleconference call

WHAT WERE THE FIVE WEIRDEST THINGS THAT HAPPENED DURING ELON MUSK'S EARNINGS CALL?

Elon Musk is known for his outspoken views on a range of subjects, but his candour cost Tesla $1.8 billion (£1.3 bn) overnight on April 2 and 3, 2018.

That's the total value that was wiped off the electric vehicle company's shares, seemingly in response to the CEO's rude attitude during a quarterly earnings call.

A number of awkward exchanges took place during the teleconference call.

These included: 

Branding questions boring  

Part way through the Q&A session, money management firm Bernstein's senior analyst Toni Sacconaghi was involved in a back and forth with Tesla's chief financial officer Deepak Ahuja.  

In response to questions about the profitability of the upcoming Tesla 3, Musk said: 'Excuse me. Next. Boring, bonehead questions are not cool. Next?'

Rudeness to analysts 

When Joseph Spak, an analyst from RBC Capital Markets posed a question about the Model 3, asked another question, shortly after Mr Sacconaghi, Musk reportedly paused for 15 seconds

He then added: 'These questions are so dry. They're killing me.'

Endless YouTube questions

Musk then gave the floor to Galileo Russell, host of YouTube channnel HyperChange TV, which has around 9,300 subscribers.

Mr Russel asked a series of questions of Musk and other senior Tesla executives, which lasted 20 minutes, with Musk thanking him for the 'great questions' at the end of the exchange.

'Moats are lame...' 

Mr Russell himself did not fully escape Musk's quirky approach to fielding questions.

He asked why Tesla would wish to let other electric vehicle manufacturers use its Supercharger stations, which the firm has installed all over the US, UK, Europe and Asia.

Referring to an economic principle popularised by Warren Buffet, that compares competitive advantage to a moat on a castle, serving

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