On Wednesday Tesla reported Q1 2018 earnings and re-affirmed that Model 3 production is on track to ramp to 5000 cars/week in about 2 months. Tesla said they are also on track to become profitable and cash flow positive in Q3 and Q4 this year. Overall, Tesla looks like they’re in great shape and on a cusp a very important turning point, specifically becoming a consistently profitable company.
However, the conference call turned awkward and bizarre as Elon cut of two analysts and refused to answer their questions since they were “dry” and “boring”. Elon then proceeded to take a series of questions from a YouTuber who was originally scheduled to ask one question. In a matter of minutes, the stock dropped over 10 points.