Sci-tech

Tesla eliminates two color options for its cars

Tesla eliminates two color options for its cars”

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

CEO of Tesla has previously noted how the paint shop at the Fremont factory has become a bottleneck for their ambitions production plans. Talk about a lot on your plate. The all-electric vehicle company sought to build an "affordable" electric auto for the masses.

The decision to shorten the rainbow comes amid aggressive production deadlines and the push to deliver more cars.

In a blog post dated September 7, Musk said Tesla is about to build and deliver more than twice as many cars as it did last quarter, without being specific about whether the company would accomplish this feat in the third or fourth quarter. Nearly a month to the day after publicly starting a short-lived effort to take Tesla private, he smoked marijuana with a comedian on a live-streamed podcast. That may frustrate some of those who were among the first to reserve a Model 3 in March 2016, but, according to Anand, it's important that Tesla prioritizes quality over delivery speed for all versions of the Model 3.

Musk had an interview almost a month ago with the New York Times and described what 2017 was like for him.

The podcast stunt follows a tumultuous August in which Musk tweeted that funding had been "secured" to take Tesla private at $420 a share.

When the news came out late last week about Elon Musk smoking weed on a podcast, TSLA shares plunged almost 7% early Friday.

But Kallo thinks Tesla's stock should still go higher. According to Yahoo Finance, TSLA is now trading at $280.09 a share, up $16.85 (+6.40%). "We present that over the closing 18 months, retreats in the stock below $300 per fraction get hold of assuredly offered enticing shut to-time interval entry points, and we suspect the the same might perchance perchance be the case following closing week's turmoil". Analysts' are all over the map about if investors should invest in TSLA or not.

"We are anxious that this behavior is tainting the Tesla brand, which in terms of value is most important", wrote Romit Shah in a Tuesday research note.

The analyst has been one of the company's prominent Wall Street skeptics . So, Tesla stock is receiving contradictory opinions, to say the least.



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