The results for Tesla are in…

Posted by Greg on

Calm waters for Tesla… and the company came through with 83,500 delivered vehicles during the third quarter. Of that number, 56,000 were Model 3s. Tesla also managed to build 53,000 Model 3s this quarter; that figure was short of 5,000 vehicles per week, but well within company projections.

 

Good news considering… all the antics of Elon Musk. We all know about the SEC lawsuit and executives leaving the company – including the chief accounting officer who left after just one month. However, even with the solid production and sales report, Tesla stock was down 2%.

 

More to come… when the company releases its revenue and profit results later in the quarter. In the company’s ten year history, Tesla has only reported two-quarter of modest profits. However, that should soon change. Will Tesla actually make a profit this quarter or fall flat on its face? Stay tuned for more!

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