Elon Musk said it was a mistake not letting shareholders join a conference call where he changed his prediction about Tesla's Q1 profitability

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Elon Musk said it was a mistake not letting shareholders join a conference call where he changed his prediction about Tesla's Q1 profitability

elon musk

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Tesla CEO Elon Musk.

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  • Tesla made a recording of a conference call with reporters available on its website Wednesday after CEO Elon Musk said the automaker's handling of the call "was a mistake."
  • During the February 28 call, Musk changed a prediction about Tesla's profitability in the first quarter of this year. 
  • Tesla shareholder Galileo Russell tweeted at Musk on Tuesday, saying he was frustrated by Tesla's failure to allow shareholders to listen to the call or read a transcript of it.
  • Musk replied that Tesla's handling of the call "was a mistake."

Tesla made a recording of a conference call with reporters available on its website Wednesday after CEO Elon Musk said the automaker's handling of the call "was a mistake."

During the February 28 call, Musk discussed the arrival of the long-awaited $35,000 version of the automaker's Model 3 sedan and changed a prediction about Tesla's profitability in the first quarter of this year. 

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Read more: Elon Musk doubled down on his goal to make a Tesla that's less expensive than the Model 3

Musk said in January that he was "optimistic" Tesla would earn a small profit during the first quarter, but changed that prediction on the February 28 call, saying Tesla would likely not be profitable during the first quarter.

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Tesla shareholder Galileo Russell tweeted at Musk on Tuesday, saying he was frustrated by Tesla's failure to allow shareholders to listen to the call or read a transcript of it.

"yo @Tesla & @elonmusk why was there a press call about the $35K model 3 that was closed to the public (and shareholders!!) w/ no transcript released. super frustrating for long-term supporters. completely goes against democratization of information and financial markets," Russell said.

Musk replied that Tesla's handling of the call "was a mistake."

"Tesla comms is fixing. That was a mistake," Musk said.

Tesla did not immediately respond to Business Insider's request for comment.

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