Sci-tech

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

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

Bernstein's Toni Sacconaghi, for his part, said that Tesla's below $300 share price was an "attractive near-term entry" point, but the analyst remains neutral on Tesla's longer-term performance until investors see if Tesla can pull off Model 3 quality, quantity, and profit margins.

Musk on Friday sent an email to employees saying that Tesla is about to have an "amazing quarter" in which it will deliver "more than twice as many cars as we did last quarter".

If Tesla plays its cards right, the $35,000 standard trim Model 3 could very well become a fossil-fuel auto killer. Optimism about Tesla's Model 3 progress led analysts at research firm Baird to publish a note on Monday urging investors to "buy even with the drama". "However, if the decision is made to take the company private, an equity buyout (or EBO) may be a potentially viable option", analyst Adam Jonas said in a note to clients Friday.

One day after Tesla CEO and board member, Elon Musk, spoke about digging tunnels under LA and human threatening AI while taking a hit of Marijuana and drinking whiskey during a live interview, the company fell into seemingly deeper turmoil. With this statement in mind, it appears safe to infer that by April or Mar 2019, Tesla would be manufacturing the $35,000 base Model 3.

The only forecast Tesla had given previously for the third quarter was that it would produce 50,000 to 55,000 Model 3s. "Model 3 Dual-Motor All-Wheel Drive is now a US$6,000 option, and beginning September 13th we will be removing two paint options".

Tesla Inc TSLA.O will eliminate some colour options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.

"They can expect, I think, a substantial amount of people pulling their reservations", Acevedo said.

The recent timeline related by Martin Viecha covers and exceeds Q1 2019, considering that his estimated timeframe ends at either April or May next year.

As for the long-term, Bernstein is still questioning Tesla's ability to sustain its level of production for its first mass-market vehicle, the Model 3 sedan.

The Tesla Model 3's base variant has a 220-mile range, a 0-60 miles per hour time of 5.6 seconds, and a top speed of 130 miles per hour.



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