LIZ: THIS HIGHLY UNUSUAL AND

CONTROVERSIAL EARNINGS CALL FOR

TESLA IS THE TALK OF WALL

STREET.

YOU CAN SEE THE STOCK SINKING,

THE MINUTE CEO ELON MUSK

STARTED INSULTING ANALYSTS AND

EVEN INSULTING HIS OWN GUESTS.

WE PULLED OUT SOME OF THE MOST

CONTROVERSIAL MOMENTS DURING

THE CALL.

LISTEN AND JUDGE FOR YOURSELF.

>> EVERY DATA POINT THAT WE

LOOK AT INTERNALLY SUGGESTS

THAT WE ARE BEST IN CLASS, BUT

WE DON'T --

>> IT'S NOT A CLASS.

>> WE'RE THE BEST.

>> THE BEST IN CLASS.

>> SO WHERE SPECIFICALLY WILL

YOU BE IN TERMS OF --

.

LIZ: HERE WITH US RIGHT NOW,

GALILEO RUSSELL, A TESLA RETAIL

INVESTOR WHO CROWDFUNDED HIS

WAY ONTO THE TESLA CALL,

USUALLY RESERVED EXCLUSIVELY

FOR ANALYSTS AND INSTITUTIONAL

INVESTORS.

YOU'RE THE HOST OF YOUR OWN

YOUTUBE CHANNEL, HYPERCHANGE

TV.

HOW DID THIS COME ABOUT, THAT

YOU GOT TO ASK ONE QUESTION,

YOU WERE ON FOR 20 MINUTES

ASKING QUESTIONS OF ELON.

>> SO THE REVIEWS OF THE TESLA

CONFERENCE CALLS ARE ONE OF THE

MOST POPULAR VIDEOS ON MY

CHANNEL AND MY SUBSCRIBERS

SUGGESTED I TRY TO GET ON THE

CALL AND WANTED TO VOUCH FOR

ME, I STARTED A CAMPAIGN TO DO

THAT, AND 200 SHAREHOLDERS

TRIED TO GET ME ON THE

CONFERENCE CALL AND TWEETED

ELON AND HE WENT FOR IT AND

WANTED ME ON THE CALL.

LIZ: YOU PROBABLY THOUGHT YOU

WERE GOING TO GET ONE QUESTION?

>> DID I THINK I WAS GOING TO

GET ONE QUESTION, ASSUMED THAT

WOULD BE THE END OF THE CALL.

I PREPARED 10 TO 12 QUESTIONS

AND GOT A TON OF INFORMATION

FROM THE HYPERCHANGE COMMUNITY

AND MY FELLOW TESLA BLOGGERS.

I WAS READY TO GO, I KIND OF

RAN WITH IT.

>> YOU WERE ON THE CALL WITH

THE BIG BOYS, THE SO-CALLED

HEAVY HITTERS.

THE BARCLAY'S, DEUTSCH

ANALYSTS, I BELIEVE PIPER

JAFFRAY, GOLDMAN SACHS, MORGAN

STANLEY AND SUDDENLY HE CEDES

THE FLOOR TO YOU, AND WE WORKED

WITH ELON FOR YEARS.

I THINK I WAS THE FIRST

JOURNALIST ON TELEVISION TO

INTERVIEW HIM 100 YEARS AGO

ABOUT SPACEX, BUT MAYBE HE WAS

FEELING ATTACKED AND THOUGHT

I'M GOING TO GET SOFTBALLS FROM

YOU.

I WOULD LIKE TO SAY THAT YOU

STARTED ASKING HIM ABOUT THAT

VERY FLOOR THAT ELON AND I ARE

ON RIGHT NOW.

WHERE THEY MAKE THE TESLAS IN

FREMONT AND YOU BROUGHT UP THE

MODEL Y WHICH IS SUPPOSEDLY THE

NEW UPCOMING CAR.

YOU ASKED WILL IT BE MADE IN

FREMONT?

THAT MAKES NEWS, WHATEVER HIS

ANSWER IS, CORRECT?

>> THERE WAS A REUTERS REPORT

THAT IT WOULD START IN LATE

2019 WHICH IS IN DIRECT

CONTRADICTION WITH THE PREVIOUS

CALL.

I WANTED TO CLARIFY THAT.

LIZ: ANOTHER ANALYST PUSHED HIM

AND SAID NO, IT'S GOING TO BE

WRONG, IT'S GOING TO BE

PROBABLY 2020, NOT 2019, RIGHT?

>> YES, EXACTLY.

LIZ: WHAT DO YOU THINK OF ELON

MUSK NOW?

HE WAS RATHER HARSH ON SOME OF

THE ANALYSTS.

DO YOU FEEL HE GETS A PASS

BECAUSE HE IS SUCH A DISRUPTER,

AND, YOU KNOW, LET'S KEEP IN

MIND GALLI, THREE QUARTER OF A

BILLION DOLLARS IN LOSSES THIS

QUARTER?

>> I THINK HE HAS LONG-TERM

RETAIL INVESTORS IN MIND AND

QUARTER AFTER QUARTER THAT

ANALYSTS ASK THE QUESTIONS THAT

THE ANALYST HE CUT OFF ASKING

SOMETHING THAT HAD BEEN

REFERENCED IN THE SHAREHOLDER

LETTER THAT HAD BEEN PUT OUT.

THEY'RE NOT ADDING VALUE TO THE

LONG-TERM STORY.

THERE WAS A TON OF PENT-UP

ENTHUSIASM TO GET THE NEXT

CAPITAL RAISE.

LIZ: HOW MANY SHARES DO YOU

OWN?

>> 54.

>> AT WHAT LOWEST POINT DID YOU

BUY?

>> ALMOST ALL THOSE I BOUGHT AT

ABOUT $200 PER SHARE.

>> YOU ARE UP 84 BUCKS PER

SHARE.

AND FINALLY THE YOUTUBE

CHANNEL, HOW MANY PEOPLE DO YOU

HAVE FOLLOWING YOU?

>> JUST A LITTLE AFTER 10,000

AFTER THE NEWS HIT.

LIZ: BEFORE THE CONFERENCE

CALL, HOW MANY?

>> ABOUT 8,000.

LIZ: ARE YOU GOING TO CONTINUE

WITH THE BACKWARD BASEBALL HAT?

I LIKE IT?

>> I TRY TO BE AUTHENTIC, THAT

IS WHAT'S MISSING FROM THE

SITUATION, PEOPLE SEE ANALYSTS

IN SUITS SUPER CORPORATE NOT

REPRESENTING THE SHAREHOLDER

AND THAT'S WHY I STARTED MY

CHANNEL, I WANT TO INSPIRE

MILLENNIALS TO TAKE AN INTEREST

IN FINANCE, BY SHOWING WHAT I

AM, I THINK I CAN DO THAT.

LIZ: TESLA, BUY, SELL OR HOLD?

>> HOLDING FOR TEN YEARS, SUPER

LONG-TERM.

LIZ: GOOD TO SEE YOU.

COME BACK ON THE NEXT CALL.

ARE YOU PICKING YOUR STOCK TO

MUSCLE YOUR WAY ONTO A

CONFERENCE CALL?

>> I ONLY OWN TESLA FOR RIGHT

NOW.

LIZ: YOU NEED TO BROADEN YOUR