Elon Musk hits back on complaints about Tesla's wild earnings call

Daimler advanced technology trucks at the ACTExpo

"It was foolish of me to ignore them", Musk wrote in a tweet. He then allowed multiple questions from a person via YouTube.

Tesla's Elon Musk is known for having a bit more personality than your typical financial heavyweight, speaking off the cuff and generally following an idiosyncratic approach to the public billionaire life.

Tesla said it's going to take time. And the future financial needs of the automotive company still remained open.

Will it have the same production problems as the Model 3?

Tesla's (TSLA) earnings call was moving along about as normally as a Tesla earnings call could (http://www.marketwatch.com/story/elon-musk-acted-like-a-jerk-and-tesla-stock-paid-the-price-2018-05-02) when Bernstein analyst Toni Sacconaghi asked about the company's capital requirements.

One interesting fact is that Tesla is still losing money on every Model 3 it builds, particularly as it has had to cut back on automation in certain areas of production until it can iron out some kinks.

"We're going to go to YouTube", Musk answered.

"We've also found that there are some things that are very well suited to manual operation and some things that are very well suited to automated operation, and the two should not be confused", Musk said in reference to automation. Excluding one-time expenses such as stock-based compensation, the company lost $3.35 per share. On average, analysts estimated losses of $3.58 per share on revenue of $3.22 billion.

90 per cent of the planet is breathing in polluted air
BBC analysis of the study shows the northern city of Kanpur tops the list of world cities with the highest PM2.5 levels in 2016. But other pollution sources, including construction dust and the burning of crop stubble in the winter, continue unchecked.

During the quarter the company burned cash at a rate of $57 million per week.

Since the start of 2013, its shares are up more than 700 percent, dwarfing the gain of more than 80 per cent for the broader Standard & Poor's 500-stock index.

Tesla affirmed its forecast for positive cash flow by the second half of the year.

Tesla is expecting sales of Model S and X to pick up which will bring more cash to resolve this issue and this will help the company to achieve the target of 1,00,000 sales for the full year.

Sacconaghi wrote in a note on Thursday that "we do worry that such theatrics will unnecessarily undermine investor confidence in Tesla's outlook".

The Model 3 is the most important piece of Tesla's plan to become a mainstream automaker.

Net reservations, including configured orders that had not been delivered, "continued to exceed 450,000" at the end of the first quarter, the company said.

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