Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Lazaro Gamio/Axios

Call him erratic: Tesla CEO Elon Musk eagerly told analysts he's on the right path, refused to answer questions he called "boring," and told off a broker whose clients, he said, can't tolerate market volatility.

Why it matters: By the time Tesla's first-quarter earnings call was over Wednesday evening, its share price had dropped by 4.5%.

Musk — under a cloud for production failings of his vaunted mainstream Model 3, along with a 22% plummet of Tesla's share price since September — is left with his old problem in place, and now a new one:

  • He's still not making enough Model 3s
  • And he has angered analysts responsible for rating his shares (here is the exchange).

Much of the market thinks that Musk will be forced in the second half of the year to raise cash to support Tesla's ramp-up. In the call, Musk reiterated that he has no such plans. But in the event the market is right, it won't help that he insulted a group of the folks who influence the success of equity sales.

Yet, Musk had a positive story to tell:

  • His Gigafactory in Nevada is producing 3,000 to 5,000 battery packs a week, a scale that will support his push to be producing 5,000 of the Model 3 electrics a week within the next couple of months.
  • Over the last three weeks, he accelerated the speed of battery pack production from seven hours to 17 minutes.
  • He has much-reduced the amount of expensive cobalt in his batteries, and "we think we can get the cobalt to almost nothing," he said. Technically, that would be a stunning achievement, since cobalt physically stabilizes the battery chemistry and, though researchers are trying, no one has discovered how to get so close to removing it for use in an electric car.
  • Producing of the Model Y crossover vehicle will begin in 2020.

In addition to his brusqueness toward the analysts, Musk lashed out at press coverage of a fatal March accident in California involving a Tesla Model S.

  • Musk said some press accounts had suggested that the Tesla was less safe than cars without autonomous capability, which he called "incredibly irresponsible." He added, "I'm really upset by that."

Go deeper

Updated 13 mins ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump, per AZCentral.

Why it matters: Although the resolution is symbolic, this move plus the re-election of Trump loyalist Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

DOJ: Capitol rioter threatened to "assassinate" Alexandria Ocasio-Cortez

Supporters of former President Trump storm the U.S. Captiol on Jan. 6. Photo: Kent Nishimura / Los Angeles Times via Getty Images

A Texas man who has been charged with storming the U.S. Capitol in the deadly Jan. 6 siege posted death threats against Rep. Alexandria Ocasio-Cortez (D-N.Y.), the Department of Justice said.

The big picture: Garret Miller faces five charges in connection to the riot by supporters of former President Trump, including violent entry and disorderly conduct on Capitol grounds and making threats. According to court documents, Miller posted violent threats online the day of the siege, including tweeting “Assassinate AOC.”