Tesla shares climb on Musk's promise of 'amazing' quarter

Tesla shares climb on Musk's promise of 'amazing' quarter

Chief executive Elon Musk said obsidian black and metallic silver will still be available, but at a higher cost.

One of Tesla's (TSLA) biggest skeptics sees a bullish trading opportunity in the carmaker's shares.

Viecha also restated Tesla's forecast that it will build 50 000 to 55 000 of its Model 3 sedans in the current quarter, and indicated the company's working capital will improve as production increases, Spak wrote.

Which sentiment comes closer to matching the reality of Tesla's third-quarter performance will go a long way toward determining whether 2018 is viewed as a triumph over adversity or the result of hubris and poor decision-making.

Guillen joined Tesla in the fall of 2010 as the program director for the Model S, the Tesla's breakthrough electric vehicle that laid the groundwork for the crossover Model X and more mass market Model 3 that followed.

Some customers have reported significant problems with their Model 3s and other Tesla vehicle shortly after receiving them, and Business Insider reported in August that a much higher percentage of Model 3s produced at the end of June required rework than a car at the average auto plant.

"I think quality has to be their top priority", he said. Shortly after Guillen's return, Musk lauded his track record at Daimler AG's truck division, where he oversaw development of the Cascadia heavy duty semi trailer. At Daimler, he led their most successful semi truck program ever.

More news: Major Hurricane Florence continues to barrel toward the Carolinas
More news: Ford rules out USA production of Focus Active
More news: Matthew Stafford throws four INTs as Lions stumble in season opener

Musk has always been very interactive with its audience via his podcasts and seminars but there was something unusual during his latest web appearance. Tesla has no experience with mass production.

In a new blog post, Musk predicted that the electric-car maker would build on its second-quarter success and have "the most wonderful quarter in our history, building and delivering more than twice as many cars as we did last quarter".

Tesla has yet another person to add to its list of quick departures: After just one month of being on the job, Tesla's chief accounting officer, Dave Morton, provided notice that he was resigning from Tesla, effective immediately.

"Elon recognizes that he can't do everything himself", Gene Munster, a managing partner at venture capital firm Loup Ventures, said by phone.

"This past year has been the most hard and painful year of my career, " Elon Musk told the New York Times, "It was excruciating".

Where we're headed: With little in the way of updates about fundamentals, the Tesla bull-bear debate continues.

"That's laughable", the employee said of Musk's prediction. Tesla is even more conservative on its website, which says the base model will be available in four to seven months. The growth, Musk said, represents "the most mind-blowing growth in the history of the automotive industry".

Related Articles

  • Woodward: Trump Is 'Detached' From Reality, Jeopardizes National Security

    Many senior aides have also scrambled to deny they made the comments, claiming they weren't quoted accurately by the investigative reporter.
    Wife of Pakistan’s jailed ex-PM Nawaz Sharif dies in London

    Wife of Pakistan’s jailed ex-PM Nawaz Sharif dies in London

    The former first lady of Pakistan had suffered a cardiac arrest and placed on a ventilator in June this year. Qamar Jawed Bajwa also expressed grief over Kulsoom's death and extended condolences to her family.
    Apple becomes most shorted USA  company ahead of iPhone launch

    Apple becomes most shorted USA company ahead of iPhone launch

    The iPhone X was the first Apple smartphone to get an edge-to-edge OLED display and no home button or fingerprint sensor. We'll likely learn when the software will roll out to devices and maybe get a peek at a surprise feature or two.
  • Evacuations underway as Florence strengthens to category 4 hurricane

    Evacuations underway as Florence strengthens to category 4 hurricane

    The current forecast track suggests the hurricane will most likely approach North Carolina or SC on Thursday as it gathers speed. Kevin Orth loads sandbags into cars as he helps residents prepare for Hurricane Florence, in Charleston , South Carolina.
    Tottenham midfielder Dele Alli out of England squad

    Tottenham midfielder Dele Alli out of England squad

    But beyond that I don't want to get into details because that will be a distraction. We talked a bit after the World Cup about the demands of the modern player".
    OnePlus 6T Confirmed to Come with In-Display Fingerprint Scanner

    OnePlus 6T Confirmed to Come with In-Display Fingerprint Scanner

    It is not clear what these headphones will have over their predecessors, but it's likely they will launch with the OnePlus 6T. Not much – just 0.45mm extra – but OnePlus had to re-arrange the internals to make everything fit.
  • Trump mocks Obama for doubting his economic plan

    What magic wand do you have? On Monday morning, Trump claimed on Twitter that "The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!"
    Manchester United eye move for Paulo Dybala

    Manchester United eye move for Paulo Dybala

    The former Paraguay worldwide made two unsuccessful comeback attempts before hanging up his boots for good in 2014. Pogba spent the four years between his two spells at United with Juve, where he was a teammate of Dybala's.
    Nicki Minaj BREAKS SILENCE on Cardi B NYFW Feud & Slams Allegations

    Nicki Minaj BREAKS SILENCE on Cardi B NYFW Feud & Slams Allegations

    And if you see any of the photos from tonight's event - you see Cardi missing a shoe as well as a very visible knot on her head. Oh, and of course she was going to premiere this TODAY while the drama with Cardi B was still hot on the blogs.
  • Woman Kills Husband In Walmart Parking In Presence Of 3 Children

    Woman Kills Husband In Walmart Parking In Presence Of 3 Children

    Thomas Coutee was welding instructor at the Central Louisiana Technical Community College known for racing all-terrain vehicles. Though they married in October 2014 and moved to Louisiana together, the couple separated in February 2018.
    Keita: How I'm adapting to the Premier League

    Keita: How I'm adapting to the Premier League

    Evans thinks that Liverpool FC are well placed to be one of the main challengers for the Premier League title this season. He is the only one who for five minutes can make me wobble in my convictions'.
    Shaheen, Hassan to vote against Kavanaugh's nomination

    Shaheen, Hassan to vote against Kavanaugh's nomination

    Supreme Court nomination, as the senator admitted she wasn't swayed by a leaked 2003 email in which Kavanaugh said Roe v. Graves told Maddow she was pleased to see so many people learning the facts now, as the hearings were rushed forward.