Tesla Stock Is Soaring After Elon Musk Promised an ‘Amazing Quarter’’

Tesla Stock Is Soaring After Elon Musk Promised an ‘Amazing Quarter’’

Musk told employees on Friday afternoon that its third quarter, which comes to a close at the end of September, will be "the most unbelievable quarter in our history", featuring double the vehicle production and deliveries Tesla achieved in Q2.

Tesla now offers seven colours for its vehicles that include top variant Model S, mid level Model X and its most affordable sedan Model 3.

Tesla's stock prices dropped following Musk's appearance on the podcast.

He said the latest share decline reflected the potential risk from lawsuits, Musk's "increasingly erratic" behavior, rising electric vehicle competition from other carmakers and more executive departures.

Tesla will reduce the number of paint options available for the Model S, Model X and Model 3 in a bid to improve production efficiency. Musk pushed back that timeline in June, saying Tesla would start making $35,000 Model 3s near the end of 2018 and aim for mass production in 2019.

In what could only be described as a dash of irony, Tesla recently received an optimistic outlook from a longtime critic as well. It charges $2,000 more for pearl white multicoat and red multicoat. Needham analyst Rajvindra Gill struck a extra cautious tone on Tesla, highlighting longer-time interval hurdles for the firm.

Late on Thursday, Musk was filmed drinking whiskey, briefly smoking marijuana and wielding a Samurai sword during a two-and-a-half hour live Web show with comedian Joe Rogan that swiftly spread across social media.

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"We think the [Tesla] setup in sentiment looks relatively favorable for the next few weeks", wrote Bernstein analyst Toni Sacconaghi in a note to clients on Monday.

The podcast stunt follows a tumultuous August in which Musk tweeted that funding had been "secured" to take Tesla private at $420 a share.

On the same day of the HR announcement, Chief Accounting Officer Dave Morton resigned after working for only one month at Tesla.

Tesla Inc. shares received a shot in the arm Monday after Wall Aspect twin carriageway analyst notes that instructed the most fresh selloff might perchance perchance perchance simply be a huge gamble to possess the stock at a low cost. That means you'll have to pay more to get them and probably wait a bit longer for your vehicle, too.

"We could raise money, but I think we don't need to, and I think it's better to just not", Mr. Musk said.

Analysts on Friday reiterated their call for Tesla to bring in another senior leader.

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