Tesla opened 7 percent down Thursday, a day after an earnings beat and bizarre call with analysts.

Shares started trading at $278.79 after closing Wednesday just above $301.

The company posted a narrower-than-expected loss and continued to burn through cash — but investors seem to weather 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 open, the stock is down nearly 10 percent on the year and more than 25 percent off its 52-week high.

Source: Tech CNBC
Tesla opens 7 percent down the day after controversial earnings call