Tesla saw its worst day in more than a month after controversial earnings call

  • The company's earnings report on Wednesday showed a narrower-than-expected loss as Tesla continued to burn through cash — but investors seemed to have weathered all of that just fine.
  • The stock ticked up a few percent immediately following the report.
  • It wasn't until the company's earnings call — during which CEO Elon Musk refused to answer what he called "boring bonehead questions" from analysts — that shares tanked.
Elon Musk
Getty Images
Elon Musk

Tesla saw its worst day in more than a month, shedding 5.5 percent Thursday — a day after an earnings beat and bizarre call with analysts.

Shares closed at $284.45 after trading as low as $275.23.

The company's earnings report on Wednesday showed a narrower-than-expected loss as Tesla continued to burn through cash — but investors seemed to have weathered all of that just fine. The stock ticked up a few percent immediately following the report.

It wasn't until the company's earnings call — during which CEO Elon Musk refused to answer what he called "boring bonehead questions" from analysts — that shares tanked.

As of Thursday's close, the stock is down nearly 9 percent on the year and more than 25 percent off its 52-week high.