Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Tesla starts off 4Q with strong production numbers; Musk tweets about climate change

CEO Elon Musk tweeted about Tesla’s part in reducing global warming
Tesla car being charged
The electric-auto maker is expected to have produced 11,500 cars so far, as per an Electrek report

Tesla Inc (NASDAQ:TSLA) was once no stranger to production issues, but the electric-vehicle company seems to have found its way back on track lately.

The automaker is expected to have produced 11,500 cars so far in its fourth quarter, according to a report by Electrek. That number includes a total of about 7,400 Model 3s.

Tesla produced a total of 80,000 vehicles in its third quarter, including over 53,000 Model 3s.

The report stated that the automaker appears to have maintained its Model 3 production goal of 5,000 units per week.

Tesla has not yet issued production and delivery guidance for the fourth quarter, but the company stated previously that it intends to boost its Model 3 production.

Musk to the rescue?

In other Tesla news, CEO Elon Musk tweeted about his company’s place in the world.

Scientists have pointed to climate change, which is exacerbated by car emissions, as a driving force behind natural disasters. The Florida Panhandle and other areas of the southeastern US were hit hard by Hurricane Michael about a month after Hurricane Florence ripped through the Carolinas.

Skeptics weighed in on Twitter, responding that Tesla exists to make money.

Musk responded that his reasoning behind wanting money is to solve Earth’s problems and build a self-sustaining city on Mars in case humans destroy the planet.

Shares of Tesla were up more than 2% to US$258.17 in Friday afternoon trading.

--Updated to include additional tweets, most recent share price


Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

View full TSLA profile View Profile

Tesla Inc Timeline

Related Articles

November 19 2017
When finalised, Iplayco will own the IP rights to the Play Mart and Play Planet brands, as well as the Play Planet line of business. .

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use