Get $10 off your ticket to July 21 Barrel Night with Promo Code CTNOW - A night of fine whiskeys & local spirits in Branford

David Einhorn

Tesla not the first stock to fall after disastrous call

Elon Musk says he doesn't care if day traders sell their Tesla stock. Now those words are pinching his net worth.

The electric car manufacturer's stock fell almost 6 percent Thursday after Musk's contentious conference call with analysts over the company's first-quarter earnings. The sell-off lopped almost $3 billion off Tesla's market value, and Musk owns 20 percent of the company.

Musk grew agitated Wednesday when analysts pushed for details on Tesla's nagging problem of failing to meet car-production targets.

The CEO began his answer by complaining about leaks from inside the company, then pivoted to investors whom he considered wrongly focused on short-term...