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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Tesla confirms it's building new Cybertruck factory in Austin, Texas - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hipster capital of the USA I’m moving to Austin Would like to see how many millions of public money did the state and city throw at this millionaire to sponsor the location. Let's see the contract.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Tesla electrifies the auto industry’s new eraTesla electrifies the auto industry’s new era: Elon Musk’s young carmaker leads global transformation of transportation by MinamiFunakoshi and Paul Lienert MinamiFunakoshi He doesn’t transform sh*t, to be honest MinamiFunakoshi CCP MinamiFunakoshi The first horse out of the traps isn't always the winner and whilst Tesla has got the others doing catch up, in the auto business its not just about making cars its about distribution, dealers, service/parts and Financial Products. Many of the others are well rehearsed in these.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »