Thursday 27 October 2016

Tesla touts reliability and production improvements as reasons for Q3 success

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The interior view of a Tesla Motors Inc. Model S P90D, a model with some autopilot features, is seen during an exhibition featuring several self-driving cars outside of the Dirksen Senate Office Building in Washington, D.C., U.S., on Tuesday, March 15, 2016. Advocates of self-driving cars say the vehicles may revolutionize U.S. transportation enough so that the government can spend less money on roads, parking garages and public transportation systems. Photographer: Drew Angerer/Bloomberg via Getty Images Elon Musk began Tesla’s earning call regarding its third-quarter results on an upbeat: he suggested that Q4 will also be strong for the company, deflating some analyst commentary that the results for this most recent reporting period might’ve been up at the expense of the next one. “We currently believe Q4 will be profitable excluding non-cash stock-based expenses,” he… Read More
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