toni sacconaghi had that tense exchange with elon musk earlier in the month writing musk reserves thedo difficult things, investors reserve the right to understand the costs i guess that's what you were after. >> yes look, the whole debate around tesla, in our opinion, is whether they have a viable financial model going forward. certainly they've been incredibly revolutionary and innovative, but the company has gone to the public markets for -- and burned through about $10 billion worth of cash and so increasingly the question really is, is there a viable economic model? can the model three make money can this company be self sustaining from a cash perspective? >> toni, to what degree, though, do investors still just need to bet on elon musk himself if they believe in this company? i mean, the bench at tesla is thinner, it seems, by the week, but elon musk continues to find a way to create products that are inspiring, leading the industry, have a cult following among tesla buyers how much of this is more about elon musk even more than if he delivers a car on time >> i think you captur

questions on behalf of those who have money at risk >> you can't call well respected analysts like toni sacconaghi a moron. >> you can, but crush it on the numbers. >> based on their performance and legitimate questions in the market - >> it's not good form. if you want to run it like it's a private partnership or you want to run it and just say i don't talk to the street i don't get involved with quarterly anything, you can do that, and people have done that very successfully, but you actually have to deliver on the financials in order to get that respect. and you haven't earned it. so you know, don't be shocked that there's negative feedback about passenger safety and this thing and that thing because if you treat these things disdainfully, then you're going to get more negative feedback >> this is essentially, look, don't pay attention to all of the noise and nonsense that's out there. focus on the big picture of what this guy musk says he's going to do and the stock can go to $500 in two years. >> that's the essence of the call >> that's great. that's a $100 billion market cap. so to say that

i think it's notable >> what was really interesting, toni sacconaghi was on in the last hour. i thought he had a great line that speaks so much to the debate between the bulls and bears in this stock. vision can only drive a company for so long is what he said. the bulls are betting on the vision of musk, because the deliverables, you could -- and the promises, you could easily make an argument, don't support where the stock is trading >> this is all trading on vision or asubstantial part of it >> and musk has overpromised time and time and time again, right, scott i think adam jonas based upon what we're seeing, the price target, he lowered it enough that it makes you sort of shake, and he actually in the note, he talks about cash and that's something that musk just the other day, not too long ago, said we don't need to raise cash everybody says they do, and he said we don't. and that's where i think there's where the dispute is i think adam jonas is in the camp of all the other analysts and said look, they have to raise money. >> are we at an inflection point, i'll ask it th

these calls have been -- >> two things, sacconaghi will be on today. >> i like toni >> the path to 5003weak. >> think he's had it i don't blame him, okay? once he says get out of my stock then i think that's kind of the cigarette warning that you need. he's telling me if they -- >> will they have to raise capital. they will need a new kwe who can repudiate what he said because that's what will have to happen and by the way, he can step down in a flash >> yeah. again, bernstein, sacconaghi, and they pushed it from 25% from six to nine months so how do you not have to raise capital if you're not going to be making -- you're not going to be positive on the cars? >> he offers a definitive apology to those who thought that he misled them and that's what he'll do and the best way to raise capital would be to give up the ceo job, okay? move on to another higher job and bring in a ceo that did not bag people and get the deal done he can do that we do not think he can do that he thinks he thinks bigger than the rest of us i'm not being facetious. he's a small mind to him. >> it's not in your cha