Tesla is sinking after Elon Musk lashed out at Wall Street.
The engineer and Tesla CEO reportedly called some investors’ questions “boring” during an earnings call and dismissed “bonehead” questions because they were “not cool.”
As of this writing, Tesla stock is down over 7%— but Musk apparently has “no interest in satisfying the desires of day traders.”
“I couldn’t care less,” he stated. “I think that if people are concerned about volatility, they should definitely not buy our stock. I am not here to convince you to buy our stock.”
He cut off analysts and instead favored questions from YouTuber and Tesla fanatic, Gali Russell, and kept answering Russell’s questions because they were “way more interesting.”
This all comes after Tesla has been under fire for failing to deliver on Model 3s, telling “CBS This Morning” he had been sleeping on his office couch. Reports also specified that Tesla was on the verge of bankruptcy.
Tesla has apparently cost its shareholders $5 billion in operating losses and was apparently under a year-long investigation by the SEC without telling its shareholders. The SEC’s main purpose is to protect shareholders from fraud and requires companies to disclose accurate financial information.