> About thirty minutes into the call, one Wall Street analyst asked when the company would reach its gross margin target for the Model 3, which, he said, the co

> About thirty minutes into the call, one Wall Street analyst asked when the company would reach its gross margin target for the Model 3, which, he said, the company had seemingly pushed back by six to nine months. Musk interrupted as his CFO tried to explain, saying it would be resolved in a few months. “Don’t make a federal case out of it,” Musk said snarkily. The analyst turned to Tesla’s cash needs. Musk interrupted again as the analyst elaborated. “Boring, bonehead questions are not cool,” he said. “Next.” Not how I would have handled it, but actually correct. Tesla at that point was just starting mass production and was trading at a VC valuation multiple. Elon was absolutely correct to focus on ramping production and selling as many cars as possible. Would have been a waste of time to focus on financial metrics like gross margin in the near term. Oh, and those investors who sold after the call? TSLA stock is up ~20x since then.