It seems as though Elon Musk has taken a slight public relations strategy change for his earnings calls. During a call with investors on May 3, 2018, the CEO of Tesla cut off analysts and got defensive about some questions asked.
Recently the company has been receiving backlash for burning through money so quickly, but it has plans to cut more than $400 million in capital expenditures in 2018 and says that his company will not need to raise more capital. However, many analysts continue to worry that the company will run out of cash soon, before it is able to turn a profit.
One client that Tesla has added recently is the CEO's own Boring Co., which paid the company a measly $400,000 for vehicle battery and pack parts.
Tesla's quarterly cash flow in millions
During the earnings call, Musk was asked about lowering the company's capital expenditure projection from $3.4 to $3 billion, and responded by saying "excuse me, next, next" and then exclaiming that "boring, bonehead questions are not cool."
Later in the call he continued to diss investors by saying "these questions are so dry, they're killing me."
Numerous investors did not appreciate the way Musk handled the call, with some calling it a disappointing experience, but several telling people to ignore the noise and to focus on the numbers.
Value of Tesla stock on day of earning call
This earnings call comes during a time when Tesla is working to introduce an electric semi-truck, which is being touted as a revolution for the trucking industry by allowing companies to save millions of dollars in fuel costs. In fact, Musk thinks that this new truck will take a direct stab at the railway industry which is limited in the area it is able to reach.