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.

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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".

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