One of Tesla's Biggest Skeptics Says Buy on Recent Dip

One of Tesla's Biggest Skeptics Says Buy on Recent Dip

In July, Musk stated an August goal of producing 6,000 Model 3 cars per week, however the current reality is closer to 3,500, according to estimates by Bloomberg.

A Tesla spokesman said dropping the paint colours is not an indication of any production problems. On Wednesday, Obsidian Black and Metallic Silver will disappear from the online configurators for the Model S, Model X, and Model 3 EVs.

CEO of Tesla has previously noted how the paint shop at the Fremont factory has become a bottleneck for their ambitions production plans.

Tesla Inc TSLA.O will eliminate some colour options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.

But it's more likely those deliveries will begin in 2019 as Tesla focuses on generating higher profits with more expensive models, according to Jeremy Acevedo, a manager of industry analysis for Edmunds. Tesla is even more conservative on its website, which says the base model will be available in four to seven months.

Hurricane Florence: Over 188,000 without power as monster storm batters Carolinas
Duke Energy , a local power company, estimated that up to three million customers could lose their supply as a result of Florence. Hurricane Florence brought a storm surge of some 3 meters (10 feet) as it began battering the U.S. east coast early on Friday.

In an email to employees, CEO Elon Musk said Toledano was on leave to "spend more time with her family and has made a decision to continue doing so for personal reasons".

"We occasionally adjust pricing and available options to best reflect the value of our products and to streamline our manufacturing operations", a Tesla spokesperson told Reuters.

Tesla shares surged Monday after Baird published a bullish note on the company.

There is a waiting list of more than 400,000 people who want to buy a Tesla, and some have been waiting since March 2016, when the company first started taking orders. "We would definitely honor that obligation, and we would do so right now if it were possible", Musk said. In August, analysts from the investment bank UBS tore apart a Model 3, analyzed its construction, and projected a $35,000 Model 3 would generate a loss of $5,900 per vehicle. "We are anxious that this behavior is tainting the Tesla brand, which in terms of value is most important", Shah says in the note, as carried by CNBC. "As long as he doesn't self-destruct, we think this is the reality (show) of being a Tesla investor".

The $35,000 Model 3 will reach new customers for Tesla, some of whom won't own multiple vehicles.

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