Comment on Wall Street furious after Elon Musk goes off during bizarre Tesla earnings call (TSLA)

Wall Street furious after Elon Musk goes off during bizarre Tesla earnings call (TSLA)

Alex Wong/Getty Images Tesla CEO Elon Musk's refusal to take questions from analysts about the company's financial condition drew sharp criticism from Wall Street analysts and investors on Thursday. Tesla is burning cash as it tries to ramp up production of its Model 3 electric car that is seen as crucial to the company's growth and future profits. Musk had said Tesla does not need to raise cash this year, but the company has raised capital each year since its initial public offering in 2010. Tesla Chief Executive Elon Musk's refusal to take questions from analysts about the electric car maker's financial condition drew sharp criticism from Wall Street analysts and investors on Thursday, pushing its stock down 7 percent. In a conference call on Wednesday, Musk refused to answer questions from analysts on Tesla's capital requirements, saying "boring questions are not cool."See the rest of the story at Business InsiderSee Also:Scotland to review conviction of Lockerbie bomberVenezuela's Maduro defies foreign censure, offers 'prize' to votersBasque separatist group ETA says its journey has endedSEE ALSO: Musk on raising more money in 2018: 'I specifically don't want to'

 

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