Tesla Motors (TSLA) Q3 Earnings Top Estimates, Shares Soar

The stock price of Tesla Motors (NASDAQ: TSLA) surged during the extended trading hours after the electric car manufacturer reported third-quarter financial results that beat the estimates of Wall Street analysts. TSLA stock climbed more than 4% to $211.10 per share during the extended trading on Wednesday. Tesla Q3 financial results Tesla reported that its adjusted earnings were $111 million or $0.71 per share for the third quarter, higher than the $0.54 per share expected by analysts. The company’s total GAAP revenue was $2.3 billion, an increase of 152% from…

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Tesla Advances 500,000 Units Production Plan to 2018

Tesla

Tesla Motors (NASDAQ:TSLA) is advancing its production plan of 500,000 electric vehicles including Model S, Model X, and Model 3 by two years to 2018, according to its CEO Elon Musk and CFO Jason Wheeler in a letter to shareholders. The company also affirmed its plan to deliver 80,000 to 90,000 new electric vehicles this year. Tesla also stated that it is on track to achieving its goal to produce the first cells at its Gigafactory in the fourth quarter of 2016. Tesla also emphasized the overwhelming demand for its…

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Tesla Model 3 is a Good Competition Says Nissan CEO Carlos Ghosn

Carlos Ghosn, the CEO of Nissan Motor Co. Ltd. (OTCMKTS:NSANY) doesn’t feel threatened by the strong demand for the Tesla Model 3. Ghosn welcomed the Tesla Model 3 as a “good competition” and considered the influx of pre-orders for the electric vehicle as a “good sign” for the market. In an interview with Automotive News, Ghosn said, “The fact that so many people are willing to pay a down payment to get this car which becomes available at the end of 2017 is a good sign. Finally, good competition for…

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Tesla Model 3 Buyers Wait in Long Lines to Place Reservations

Tesla

Tesla Motors (NASDAQ:TSLA) is scheduled to unveil its Model 3 electric car at its facility in Hawthorne, California at 8:30 in the evening on Thursday, March 31. The early buyers of the Model 3 in different parts of the United States and around the world are waiting in long lines outside the showrooms of Tesla Motors to place their $1,000 reservation for the electric car, which they haven’t seen yet. The starting price of the Model 3 is $35,000— cheaper than the Model S and Model X electric vehicles.  Tesla…

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