Thursday, 14 November, 2019

Musk sets sights on a record Tesla quarter

Five Things to Watch for at Tesla’s Annual Shareholders MeetingMore Five Things to Watch for at Tesla’s Annual Shareholders MeetingMore
Russell Knight | 12 June, 2019, 20:55

Record auto sales and a vehicle with a 400-mile range.

Investors and Tesla watchers, however, expect Musk to tout high delivery numbers in 2019's second quarter, so far, and increased global sales.

"Today they'll put on their best face. but right now there continues to be a very challenging period ahead for Tesla and their need to balance growth and profitability", Ives said.

Demand is a core theme that analysts have for months said is a major issue for the automaker, leading firms up and down Wall Street to cut their earnings estimates, price targets, and investment ratings.

Musk said the electric-car maker's ability to expand its product lineup depends on being able to produce a large number of batteries.

Missile attack on Saudi airport wounds 26
Malki said military and security forces were working to determine the type of projectile used in the terrorist attack. The Houthi rebels said earlier that they had launched a missile at the airport in the Saudi mountain resort city.

Anthony Joshua pushes Andy Ruiz defeat behind ahead of their re-match
He said: "There's so much pressure on the rematch as if he loses that second fight, then his careers not in a great place". Hearn says Ruiz was initially "picked" by them for the fight last weekend, and he wasn't the "Mandatory" to Joshua.

Number of Mysterious US Tourist Deaths in Dominican Republic Hits 6
Kaylynn Knull said she and her boyfriend enjoyed their vacation until they noticed their room beginning to smell of chemicals. American tourist Bell Wallace became sick and urinated blood after having a single whisky from his room's minibar on April 11.

Tesla's stock rose 3.6% to $225 in extended trading. Currently Tesla's Long Range Model S Sedan has the longest real world range of around 600km according to Australian publication, The Driven.

Despite the expansions overseas that have characterised the start of 2019, Musk also pointed out that the 90 per cent of new orders the company is taking in this quarter are from "non-reservation holders, so these are new customers". "There is absolutely not", Musk said.

"We're actually doing well and we've got a decent shot at a record quarter on every level".

Some analysts applauded Musk for his executive-like posture and for speaking about demand. "He was less combative and more measured in his remarks about Tesla's roadmap, even admitting, 'I'm often too optimistic about time frames'".

In 2018, Musk was removed by shareholders as board chair after the Securities Exchange Commission (SEC) fined Tesla $20-million for Musk tweets alluding to the company's results.

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