Tesla Model Y Launch Date Set For 2020, Hints Elon Musk

Elon Musk: Tesla Model Y Will be a 'Manufacturing Revolution', Production to Begin in 2020

Elon Musk: Tesla Model Y Will be a 'Manufacturing Revolution', Production to Begin in 2020

Still, he acknowledged in that reply that it was "foolish of me to ignore them" once they got on the call and asked their questions.

Some on Wall Street were puzzled by what they called Musk's "unusual" performance on his latest earnings call, but he did share a few details about Tesla's planned autonomous vehicle network. Sorry. These questions are so dry.

Tesla Inc. chief Elon Musk took to Twitter Friday to defend his dismissal of analyst questions on the company's recent earnings call, a weird performance that many believe caused Tesla's stock to crater despite financial results that beat expectations.

Days after Tesla CEO Elon Musk ignored questions from two analysts during a corporate earnings conference call on Wednesday, the South African tech innovator took to Twitter on Friday and admitted to having made a mistake.

But Model 3 production still isn't near the level of 5,000 per week that Musk promised previous year.

Shares in Tesla, which is based in Palo Alto, California, fell more than 4 percent in after-hours trading after the earnings report.

The two analysts were not immediately available for a comment.

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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.

Many expect that its need for cash will require the company to again turn to markets to raise more capital.

Tesla stock did rise a bit on Friday, getting a 3.82 percent bump to $295.31 per share at the time of publishing. He also says, "They are actually on the opposite side of investors". But short sellers, who shorted almost 400,000 shares on Thursday, doubled that amount on Friday, according to financial analytics firm S3 Partners.

Also see: The price of Musk cutting off analysts?

A "vast majority" of the company's manufacturing process is already automated, but Musk seems to be planning to take it to a whole new level.

Next, Musk was asked many questions by Galileo Russell, a 25-year-old retail investor, and owner of a YouTube Channel.

In a subsequent tweet, Musk explained: "Reason RBC question about Model 3 demand is absurd is that Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms".

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