Tesla shares soar after positive earnings report and news it will build its Cybertruck in Austin, Texas

“Tesla Energy will be bigger than automotive,” Musk said during the company's quarterly earnings call on Wednesday night, pointing to a shift to sustainable sources such as wind and solar.

Tesla has indicated it sees substantial opportunities to further expand vehicle production and sales, but Musk succinctly outlined his approach to growing the business by saying, “We want to be, like, slightly profitable and maximize growth and make the cars as affordable as possible.”Musk and other Tesla executives pointed to various steps the company is taking to accomplish that, including modifications that will simplify the manufacturing process.

But the issue of addressing manufacturing problems was the subtext of several comments made by Musk and his management team during the quarterly earnings call.

I feel sorry for Austin residents who'll have to see truck loads of that ugly monstrosity rolling down their roads.

A bubble. Going to explode soon.

Because of China ‘s Market

Bloomberg Intelligence autos analyst Kevin P. Tynan notes that Tesla’s first profitable 1H in 14 years was due to the catch and timely release of zero emission credits in 1Q and 2Q -- almost $800 million worth -- rather than auto production: BBG

He’s still a jerk.

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