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TESLA +4% nell'afterhours a a WallStreet, chiude in utile il trimestre ricavi sopra le attese
Tesla talks Model 3 ramp during earnings call
Oct. 26, 2016 8:36 PM ET|About: Tesla Motors (TSLA)|By: Clark Schultz, SA News Editor


The Model 3 was a key area of focus during Tesla Motors' (NASDAQ:TSLA) post-earnings conference call.

Elon Musk said the company hasn't taken any action to delay the launch of the Model 3. Also of note, the current Model 3 ramp-up plan doesn't call for any capital raise (probably) at all, he added. Missing from the buzz was any update on how many Model 3 reservations are in the hopper.

In a statement with some important margin implications, Musk noted the company is selling very few cars with discounts.

Musk also described the benefit of a self-driving car-sharing service in response to a question on the Tesla Network.

"It would be something that would be a significant offset on the cost of ownership for a car, and a revenue generator for Tesla as well. Obviously, the majority of the economics would go to the owner of the car," he noted.

Tesla +4.33% AH to $211.00. A rosy read on the SolarCity (NASDAQ:SCTY) acquisition helped push up shares of the solar energy firm by 3.55% after the Tesla earnings report.

Tomorrow, the Tesla analysts will start buzzing. Stay tuned.

Tesla earnings call transcript

Previously: Tesla beats by $0.05, misses on revenue (Oct. 26)

Previously: Tesla Motors stays on track with delivery guidance (Oct. 26)
 
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