That was one part of the call that many investors seemed to take literally, and now Musk is around $300 million poorer for it. RBC Capital's Joseph Spak then asked about how many Model 3 reservations had been converted into orders for the electric auto.
Musk's failure to answer questions from the analysts about Tesla's finances caused the stock to go down by 5.6 percent on Thursday.
Musk suggested that the two questioners he ignored on the Q1 call "are sell-side analysts who represent a short-seller thesis, not investors".
The company is spending too much money to stay ahead of the competition and they were expecting Model 3 which is the entry level model of Tesla to bring in cash.
The spat comes at a crunch time for Tesla when it is struggling to ramp up production of its Model 3 sedan, on which its profitability depends.
"An odd conference call that lacked answers to questions on investors' minds and overshadowed earnings". This means that some are betting Tesla's shares will fall, and they stand to gain if the share price drops. And the future financial needs of the automotive company still remained open. The company is planning to start a new plant as the Fremont plant is jammed to grills according to Elon Musk but they are yet to decide the place for new factory which is why the timeline for Model Y production is 2020.
Musk revealed via a tweet in April that the company will need to reach a rate of 5,000 per week before more variants can be added, like a dual-motor model.
"Nobody's buying a semi truck because of the way it looks", Musk said in response to a lawsuit from Nikola, claiming Tesla stole designs for its electric semi truck.
Tesla shares rebounded Friday, climbing more than 4% in recent trading. The analysts were not happy, and it was reflected in Tesla's stock price. Then, unsatisfied with the following question, Musk ended the queue and spent 20 minutes answering product-related questions from a YouTube channel host.
Sacconaghi wrote in a note on Thursday that "we do worry that such theatrics will unnecessarily undermine investor confidence in Tesla's outlook".