Elon Musk on Tesla call: 'Boring questions are not cool'

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The company maintains that the scaling up of production will ensure it returns to profitability during the autumn.

He also said it would not be produced at Tesla's main factory in Fremont, California.

But Musk tweeted back "Ok".

"We're gonna go to YouTube".

"These questions are so dry".

The company's stock price shed almost 5 percent of its value during after-hours trading Wednesday. When we first heard about the Model 3, Musk said future cars - the Model Y included - would use the same architecture to cut costs and production time.

In February, Musk said Tesla would aim to produce one million Model Y cars a year, when the auto does finally enter production, but didn't give a predicted timeframe.

In case his frustration with Wall Street was not already evident, Musk then invited YouTube host and Tesla enthusiast Gali Russell to take the floor with crowdsourced questions on behalf of retail investors. Despite where it will be constructed, the Model Y "will be an assembling transformation", said Musk.

Speaking about Tesla's increasing cash flow problem, he said: "I'm feeling quite confident about hitting positive cash flow in Q3".

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Tesla is expecting a 10-day shutdown in production sometime in the second quarter, as the company continues to address line bottlenecks and focus on reaching its 5,000-vehicle-per-week production rate goal for the Model 3. For this, companies need to increase to the summer issue of electric Model 3 to 5 thousand a week with a 2270, which is today.

Musk said the restructuring would involve getting rid of third-party contractors that have grown out of control. The company had about $2.7 billion on hand at the end of March and has blazed through about $3.9 billion during the preceding year.

Online investment firm AJ Bell said the company's "diminishing US$2.7bn cash position does mean that the clock is ticking for Tesla, especially as Q1's net cash outflow from operations of US$398mln comes before capital investment of US$666mln".

Excluding items, Tesla had a loss of $3.35 (roughly Rs. 220) per share.

The Model 3's price point - thousands of dollars cheaper than Tesla's other two vehicle models -revolves around it being relatively simple to mass produce.

The Model 3 is the most important piece of Tesla's plan to become a mainstream automaker.

Net reservations, including configured orders that had not been delivered, "continued to exceed 450,000" at the end of the first quarter, the company said.

The company said it ended the quarter with $3.2 billion in cash after spending $655.7 million in quarterly capital expenses.