Earnings calls are typically a pretty dull affair in which analysts get to ask questions about the company's business and performance. But not for Elon Musk. 
 
 The CEO of Tesla (TSLA) hosted the company's latest earnings call Wednesday in which he brushed analysts off, told them their questions were boring, and spent a significant amount of time fielding questions from a guy with a YouTube channel. 
 
 Musk is known for his quirks, but investors appeared to be put off. Tesla shares were down nearly 5% during after-hours trading, despite posting better-than-expected earnings results. 
 
 Here are the five strangest moments from the call. 
 
 1. 'Excuse me. Next. ' 
 
 Part way through the Q&A session, an analyst from Bernstein was in a back-and-forth with Deepak Ahuja, Tesla's chief financial officer, about capital expenditures. 
 
 But Musk interrupted. 
 
 "Excuse me. Next. Boring, bonehead questions are not cool. Next?" he said. 
 
 2. 'We're gonna go to YouTube' 
 
 After the awkward dressing down of one analyst, Musk quickly shut down the next guy. 
 
 An analyst from RBC Capital Markets posed a question about reservations for the Model 3, Tesla's first mass-market car that's proven wildly popular but has been plagued by production issues. 
 
 But after a long pause, Musk refused to answer. 
 
 "We're gonna go to YouTube. Sorry. These questions are so dry. They're killing me," he said. 
 
 What exactly Musk meant by "go to YouTube" wasn't at all clear. But then the floor was given to Galileo Russell, host of the "HyperChange TV" YouTube channel, which has more than 9,000 subscribers. 
 
 Russell's videos include one titled "Why I Bought Tesla Today At $255/Share." 
 
 On Tuesday, he posted a video titled: "Crowdsourcing A Question For The Tesla Earnings Call!" A few days earlier, Russell tweeted at Musk, asking him to "give retail investors a voice." Musk responded, "Ok." 
 
 3. YouTuber asks a dozen questions 
 
 Egged on by Musk, Russell asked about a dozen questions on Wednesday's call. His conversation with Musk and the other Tesla executives lasted more than 20 minutes. 
 
 Among the topics they discussed: 
 
 — Tesla's self-driving ride-sharing efforts. Musk said Tesla is "well positioned" to have "millions, really tens of millions" of shared autonomous electric vehicles on the road. When it'll come on the market depends on regulatory approval. But Musk says the tech will be fully developed "by end of next year." 
 
 — The Model Y. Musk said he expects production of Tesla's yet-to-be-unveiled crossover Model Y to begin in "early 2020" and it won't be built in the Fremont factory. 
 
 "Thanks for the great questions," Musk said at the end of their exchange. 
 
 4. 'Incredibly irresponsible' 
 
 Musk has gone on similar tirades about the press in the past, and on Wednesday he admonished journalists who have covered Tesla crashes in which the vehicle had the Autopilot feature engaged. 
 
 "It's really incredibly irresponsible of any journalists with integrity to write an article that would lead people to believe that autonomy is less safe," Musk said, according to a rough transcript of the call. "Because people might actually turn it off, and then die." 
 
 "So, anyway, I'm very upset by this," he added 
 
 Related: Tesla burns through $700 million, but says production is now on track 
 
 Tesla's Autopilot feature is not fully autonomous. It handles some driving functions, but not all, and drivers are expected to stay engaged when the feature is activated. A government report from January 2017, which has been widely criticized, found that Autopilot reduced crash rates for Tesla by 40%. 
 
 5. 'Moats are lame' 
 
 Russel, the YouTuber, asked why Musk would want to allow other car brands to use Tesla's Supercharger stations, which the company has installed all over the country. 
 
 "I'm just wondering why that isn't a moat," he said, according to the rough transcript. "The charging infrastructure you guys have built would take years and millions of dollars for another brand to replicate, so I'm just curious about the strategic thinking behind opening that up versus keeping it closed." 
 
 Musk responded, "I think moats are lame." 
 
 "If your only defense against invading armies is a moat, you will not last long," he said. 
 
 Correction: A previous version of this article misidentified the YouTube channel Galileo Russell hosts. 

 Elon Musk slams 'boring, bonehead' analyst questions on Tesla earnings call 8:59 AM ET Thu, 3 May 2018 | 04:45 
 
 He dismissed one question from a key analyst as "boring," then took more than 20 minutes of questioning from a 25-year-old YouTuber. 
 
 "We're going to go to YouTube. Sorry. These questions are so dry. They're killing me," Musk complained. 
 
 And that wasn't all. 
 
 "We asked about the scope of collaboration between Tesla and SpaceX on data, to which Mr. Musk said, 'there are many areas for us to collaborate … haven't really thought about it,'" Jonas said. "A surprising answer from someone who launched a Tesla Roadster into outer space on a SpaceX rocket." 
 
 The fallout from the call has not been good. 
 
 Tesla shares fell more than 7 percent in premarket trading Thursday as the impact of Musk's evasiveness sank in. The impact was felt across the sector, with tech shares overall pointing lower. 
 
 It was about more than just comity between CEOs and analysts. 
 
 Jonas said there are important questions about where Tesla is heading, considering the high levels of company debt and questions about the ability to meet production expectations. 
 
 "While the consequences are unquantifiable, we believe Tesla's CEO made a mistake in refusing to answer some of the analyst questions about the Model 3 ramp," he wrote. "Additionally, we found the posture out of character with the normally inviting, enlightening tone of prior conference calls over many years. While they may be 'dry' in nature, we argue such questions are extremely important for a highly levered and cash hungry company with 2025 bonds trading at 89." 
 
 The "path of the Model 3" is critical to the analyst's bull case of $561 for the stock and bear case of $175, he said. The bull case represents 86 percent upside while the bear case would translate to a 41 percent decline. 
 
 As things stand, Morgan Stanley has a $376 price target on Tesla, which would be 25 percent higher from Wednesday's close. 
 
 Tesla did not immediately respond to a request for comment. 

 (Reuters) - Tesla Inc (TSLA.O) chief Elon Musk’s refusal to answer “boring” Wall Street questions about finances sent the electric vehicle maker’s shares down as much as 7 percent on Thursday, jarring investors and raising concerns about its ability to raise money in the future. 
 
 Tesla’s bonds followed the shares lower and, with at least three brokerages cutting price targets for the stock, several wondered what it would now cost the company to raise more funds this year if need be. 
 
 In a conference call on Wednesday, Musk refused to answer questions from analysts on Tesla’s capital requirements, saying “boring questions are not cool.” 
 
 Instead, he took over a dozen consecutive questions from YouTube investment channel HyperChange TV, which had previously recommended buying Tesla shares. 
 
 Cowen analyst Jeffrey Osborne dubbed the call, in which Musk talked of “barnacles, flufferbots, and bonehead bears”, surreal. 
 
 Morgan Stanley’s Adam Jonas said it was the most unusual he had heard in 20 years in the business, noting that “the analysts on the call represent the providers of capital that Tesla has throughout its history depended upon.” 
 
 Some saw the call in even more stark terms. 
 
 Eric Schiffer, head of the Patriarch Organization, a Los Angeles-based private equity firm, called it “the single greatest CEO meltdown in American car history.” 
 
 “Elon Musk’s war on day traders and analysts from big banks is like him being on the earnings call with a suicide vest on and pulling the cord. It’s horribly incompetent with investors and results in the stock getting hit by roaring missiles,” Schiffer said, adding that he did not own Tesla shares “for reasons like this.” 
 
 Of 27 brokerages covering the stock, nine now have a “buy” or higher rating, 10 “hold” and eight have “sell” or lower. 
 
 The company’s shares closed down 5.5 percent at $284.45 in New York. They have lost more than a quarter of their value since touching a high of $389.61 in September, hurt by reports of bottlenecks around production of the Model 3 sedan, seen as crucial to Tesla’s profitability. 
 
 Musk has won legions of vocal fans for his soaring vision and bold promises, from making electric vehicles mainstream to sending rockets into space as the CEO of SpaceX. 
 
 But the entrepreneur has also exhibited erratic behavior in recent months, from late-night tweets and jokes about bankruptcy to a public spat with regulators investigating a fatality involving a Tesla. 
 
 FILE PHOTO: SpaceX founder Elon Musk pauses at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper 
 
 Some investors said Musk’s behavior was part of his appeal. 
 
 “We like Elon Musk and because he gets frustrated it only makes him human,” said Gerald Sparrow of Sparrow Capital. “We focus on the numbers they produce, not the emotions.” 
 
 On Wednesday, Tesla forecast lower capital spending for the year and a profit in the second half. 
 
 Musk as also bullish on upcoming projects, promising decisions soon on the construction of a new Model Y factory, and the location of a Chinese Gigafactory. He also pledged to reduce third-party contractors, saying their use had “really gotten out of control.” 
 
 “So we’re going to scrub the barnacles on that front. You’ve got barnacles on barnacles. So there’s going to be a lot of barnacle removal.” 
 
 Tesla is closely held, with co-founder Musk owning 22 percent and its top four investors, including him, over 40 percent - giving Musk a certain freedom to brush off analyst concerns. 
 
 Tesla’s market capitalization of $51 billion exceeds that of Ford Motor Co (F.N), which posted revenues of $156.7 billion last year versus Tesla’s $11.8 billion. 
 
 MANUFACTURING ON THE FLY 
 
 Tesla has consistently fallen short of its promises on car production and has promised in the past it would not need to raise funds, before doing just that. 
 
 The company has raised capital each year since its initial public offering in 2010 and issued debt twice in 2017. 
 
 Tesla’s free cash flow widened to negative $1 billion in the first quarter from negative $277 million in the fourth quarter, excluding costs of systems for its solar business. 
 
 The company plans to reach its weekly goal of producing 5,000 Model 3 cars in two months, after revising the target several times. 
 
 “We believe that Tesla is essentially learning how to become a manufacturing company on the fly,” said RBC Capital Markets analyst Joseph Spak. 
 
 “Investor feedback to the call was shock that a CEO would be dismissive and the general sentiment was that the defensiveness spoke volumes.”
– Leave it to Elon Musk to turn what's normally a dry affair—a conference call with analysts—into a controversial one. The Tesla CEO's brushoff of questions he didn't like on Wednesday continues to take a toll, with the company's stock down 7% as of Thursday morning, reports Reuters. It "was arguably the most unusual call I have experienced in 20 years," says a Morgan Stanley analyst, per CNBC, whose story uses the word "bizarre" in its headline. (Reuters notes that Musk also spoke of "barnacles, flufferbots, and bonehead bears" during the call, dubbed "surreal" by a Cowan analyst. More reaction and developments: 2 moments: A post at CNNMoney pulls out five key moments, including when Musk stopped his chief financial officer from answering a question about capital expenditures. "Excuse me. Next. Boring, bonehead questions are not cool. Next?" said Musk. At another point, after an analyst asked about trouble with Model 3 reservations, Musk responded with about 15 seconds of silence before moving on to another subject. "These questions are so dry," he said. "They're killing me."