Tesla CEO Elon Musk saved all the drama for his Twitter account during Wednesday's earnings call.
It's been quite the quarter. This past three months saw Musk break down in a New York Timesinterview,Watch Swap (2024) full movie tweet so much that the SEC got involved and sued for fraud, and call a rescue diver a pedophile (and get sued over that, as well). And that's just the stuff concerning Musk from July through September.
SEE ALSO: Tesla just announced a slightly less expensive Model 3Overall, Tesla blew past expected revenue numbers, bringing in $6.8 billion, far more than the expected $6.33 billion. It also recorded $311 million in net income last quarter, compared to a loss of $619 million a year ago.
But Musk didn't gloat as much as you'd expect. He made sure stockholders got updates on car safety, Autopilot upgrades and changes, and factory processes. He choked up a bit while thanking devoted Tesla customers during what he summed up as "a difficult time."
All the hustling was worth it, as Tesla says it was making an average of 4,300 Models per week. In the last week of the quarter it produced 5,300 cars, hitting Musk's goal of 5,000 cars per week.
It's been actually delivering the much-anticipated vehicles that's gotten messy. Tesla called delivery and logistics "our main challenges." Musk wants to get deliveries down to 10 days. Currently it takes about 20 days to get from the factory to customer driveways. That's down from 30 days just a few months ago, Musk said.
Musk stayed on track even when someone asked about the search for a new chairman since he was ousted from the role as part of Tesla's SEC settlement. He calmly responded that he was "going to restrict questions to operational topics" and moved on to his goal of producing a $35,000 Model 3 within the next six months.
This Tweet is currently unavailable. It might be loading or has been removed.
Tesla's update on its financial situation came on the same day that Consumer Reportsmembers downgraded Tesla's new-car reliability in the product guide's Annual Auto Reliability Survey.
Tesla dropped six spots from last year. It's now the third-worst car brand at slot 27 of 29. Its Model S dropped to "Below Average" and the Model X SUV stayed at "Much-Worse-Than-Average" for reliability. The new sedan, the Model 3, earned an "Average" reliability rating.
No matter, the Model 3 has been a bright spot for Musk, who proudly promoted its high safety ratings during the earnings call.
He even looked ahead to the mysterious Model Y, which should start production in 2020. Maybe next quarter he'll divulge more details.
Topics Tesla Elon Musk
The Morning News Roundup for November 10, 2014The Poet BanditTikTok's nostalgiaThe Morning News Roundup for November 18, 2014'Quordle' today: See each 'Quordle' answer and hints for September 3, 2023Satan Comes to Oklahoma CityMaya Angelou, Denise Levertov, and Gary Snyder on PoetryRed flags are taking over TwitterEmily Dickinson’s NorwayBest pet deals: Wild One dog harnesses, leashes, collars, carriers, and more for up to 35% offTikTok's most influential creators now feature on one big influential listThe Morning News Roundup for November 20, 2014Can watching ethical porn help improve our sexual body image? Microsoft is finally killing off WordPad after nearly 30 yearsBest Labor Day sales 2023: Get these straggler deals before they're goneHow the internet paid tribute to the late Jimmy BuffettWhy I Loved Wayne Newton’s “The Entertainer”The Morning News Roundup for November 18, 2014How virtual reality can be used to treat anxiety and PTSDThe Morning News Roundup for November 20, 2014 Apple, HP, Dell halt China Chinese ride Tesla reportedly puts a stop to free trial of assisted driving service in China · TechNode Ant Group cuts stake in Orbbec and Youon Technology amid investment shift · TechNode SenseTime reports wider loss in 2024 despite growth in AI segment · TechNode TSMC to begin production of next ByteDance launches Trae AI IDE in China with Doubao Chinese action game WUCHANG: Fallen Feathers opens pre Haier to launch “world's first lazy person washing machine" with triple Didi’s self LG Display transfers 8.5 Vivo launches robotics lab, focuses on AI and vision for home robots · TechNode China’s state broadcaster takes small stake in iQIYI as revenue falls · TechNode Tencent upgrades Yuanbao AI with self Chinese milk tea chain Chagee hits $6.2 billion valuation on Nasdaq debut · TechNode Alibaba launches and open Chinese automaker GAC debuts its first, futuristic Alibaba’s 1688 to eliminate “refund only” policy · TechNode Embodied intelligence appears in government work report for the first time at NPC · TechNode Apple's iPhone 18 to feature TSMC’s 2nm chip next year · TechNode
3.0855s , 10137.21875 kb
Copyright © 2025 Powered by 【Watch Swap (2024) full movie】,Miracle Information Network