"If Mr. Musk wanted to run a private company, he should have done so", said Pachter.
He also said it would not be produced at Tesla's main factory in Fremont, California.
"On the one hand I think Tesla would have broken down long ago if it wasn't for Elon Musk driving this great excitement around the brand". Sorry. These questions are so dry.
Shares fell 5% - about £1.8bn - in after-hours trading in the seconds after the electric vehicle company chief dismissed Bernstein analyst Tony Sacconaghi's question about capital requirements.
The Model 3 is viewed as Tesla's first foray into what might be called moderately priced electric cars.
After a pause, Musk said "We're going to YouTube", referring to the owner of a channel on the video-streaming service who lobbied the CEO ahead of time for the chance to ask questions on behalf of retail investors.
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.
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Tesla's future depends on the Model 3 and the company said that it had largely overcome production bottlenecks, with Musk vowing a dramatic turnaround that would reverse losses and generate positive cash flow in just a few months.
"It seems that a lot of people are speculating that the specs for the Semi truck, even, I believe, the CEO of Daimler said it breaks the laws of physics", said Russell. Despite where it will be constructed, the Model Y "will be an assembling transformation", said Musk.
The company expects to be making 5,000 Model 3's per week by the end of June. Excluding one-time expenses such as stock-based compensation, the company lost $3.35 per share. Seven factors that can put Tesla on the world this godwomen that Tesla in the fourth quarter of 2017 received a record net loss for such period. That is a 26.3% revenue increase quarterly compared to its reports previous year and also, slightly higher than the estimated $3.22 billion in sales projected by analysts.
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.
During the quarter the company burned cash at a rate of $57 million per week.
Tesla said gross margins on the Model 3, which today are slightly negative, would be close to flat in the second quarter and grow to "highly positive" in the second half of the year.
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.