Markets

Musk says don't buy Tesla, goes to YouTube as call devolved

Musk says don't buy Tesla, goes to YouTube as call devolved

Of particular scorn to Musk were the two analysts he cut off on Tesla's quarterly earnings call on Wednesday - one from Bernstein, and the other from RBC Capital Markets.

Musk believes the two analysis he rebuked - RBC Capital Markets' Joseph Spak and Bernstein's Toni Sacconaghi - were asking questions created to stoke a short-selling frenzy. "They are actually on the opposite side of investors", Musk tweeted earlier Friday.

After offering his explanation on Twitter, Musk changed topics and tweeted instead that the next batch of the Boring Company's "Not a Flamethrower" flamethrower would be arriving just in time for the "short burn of the century".

Elon Musk: Excuse me.

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. But that's no reason to hand the call over to a blogger from YouTube for a dozen questions that spanned 23 minutes, which is what Musk did.

Facebook's Oculus Go VR headset now shipping to Canada
Starting at $199 Dollars for 32 GB of storage (or $249 USD for the 64 GB model), Oculus Go was designed with comfort in mind. There is also a companion app in the Play Store or app store (for iOS users) for downloading games and apps for the headset.

While Tesla is seen by most as a "story stock" - meaning that its value is mostly linked to its future potential and all the products in its pipeline rather than its current financial results, historically, Tesla had its biggest stock price increases after reporting a profit.

Tesla CEO Elon Musk took to Twitter Friday morning to once again confront skeptics of his company.

He explained that the question from Bernstein's Sacconaghi was "boneheaded" because the topic had already been covered in a shareholder letter. First of all, even though short sellers take the position that a stock is headed lower, by most definitions, they are "investors".

In response to RBC's "absurd" question regarding the percentage of Model 3 reservations that Tesla had started to configure, Musk said that Tesla has roughly a half a million reservations, despite no advertising and no cars in showrooms.

The chief executive was criticised for cutting off two analysts who asked about the electric vehicle and solar panel company's cash needs and orders for its Model-3.