This morning, RBC Capital analyst Joseph Spak wrote an open letter to Elon Musk, inviting Tesla’s CEO to talk extensively about “all the amazing industry innovations you are driving and dispel any investor misconceptions you perceive.” This comes after the chief executive cut off analysts, including Spak, during the electric carmaker’s earnings call, dismissing questions about gross margins and Model 3 reservations as “boring” and “dry.” OPEN LETTER TO ELON MUSK: Following a controversial earnings call, RBC Capital’s Spak wrote an open letter to Tesla’s Elon Musk and invited the CEO to talk “extensively about all the amazing industry innovations you are driving and dispel any investor misconceptions you perceive. Name the time and the place and I will be there, along with every one of your major shareholders.” Spak started by saying that he believes Tesla remains an “amazing company” with a “compelling” long-term opportunity and an “incredible” list of accomplishments already under its belt. However, the analyst pointed out that he continues to hold the carmaker “accountable” for implementing a strategic vision that aligns with an ability to execute at scale. In the open letter, Spak also highlighted that a “financial results call is an opportunity for Wall Street to re-calibrate our expectations based on the information you provide, so we can thoughtfully reflect on the financial outlook for your company. Our questions collectively represent the concerns and interests of your current and potential shareholders. Some of these questions can seem dry, boring or short-term focused, but hopefully you can appreciate that anyone looking to invest in Tesla’s future must first be comfortable with its present.” TESLA EARNINGS CALL: Last week, shares of Tesla were under pressure after the company reported quarterly results and Musk cut off analysts during the earnings call, dismissing questions about gross margins and Model 3 reservations as “boring” and “dry.” Instead, the executive answered multiple questions from Youtuber Gali Russell. In answering questions from Russell, Musk also said that Model Y production is not expected to begin for another two years. A couple of days later, the carmaker’s chief executive unleashed a tweetstorm, discussing the company’s earnings conference call. In his tweets, Tesla’s CEO said the two questioners he ignored on the Q1 call “are sell-side analysts who represent a short seller thesis, not investors.” During that session, Musk tweeted: “Reason RBC question about Model 3 demand is absurd is that Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms. Even after reaching 5k/week production, it would take 2 years just to satisfy existing demand even if new sales dropped to 0.” Since that time, Elon Musk disclosed in a regulatory filing his purchase of 33,000 shares of Tesla common stock in transaction made on May 7. Also, Tesla stated in a quarterly filing made on May 7: “At this stage, we are expecting total 2018 capital expenditures to be slightly below $3 billion. Ultimately, our capital expenditures will develop in line with Model 3 production, our profitability and our operating cash generation. We continually evaluate our capital expenditure needs and may raise additional capital to fund the rapid growth of our business.” PRICE ACTION: In morning trading, shares of Tesla are up about 0.5% to $303.40. Since May 3, the day after the company’s earnings report and call, the stock is up about 3%.