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Musk's Apology to Analysts He Scorned Sends Tesla Stock Soaring

Musk apologize for his behavior during last quarter’s call. Bloomberg’s Dana Hull reports.(Source: Bloomberg)

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By Brian Eckhouse, Tom Randall, and Gabrielle Coppola

August 1, 2018 at 10:59 PM UTC

This article is for subscribers only.

Contrition pays off -- just ask Elon Musk.

The Tesla Inc. chief executive officer began the question-and-answer portion of the carmaker’s second-quarter earnings call by atoning for what he called his “bad manners” three months earlier. Musk then took the first two questions from two analysts he was harshest with last quarter -- Sanford C. Bernstein’s Toni Sacconaghi and RBC Capital Markets’ Joseph Spak -- and offered personal apologies.