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The last quarter was a big eight for the largest automaker in the United States. Tesla was able to show impressive results at the end of the quarter, delivering 83,500 vehicles over a 3-month period. The TSLA stock price has finally rebounded after a period of rapid but devastating depreciation. Tesla is now trading at $ 301 a share. In the last three months, the company has traded between $ 379 and $ 263.
Just three months ago, the company strived to produce 5,000 3 models a week. More than 53,000 vehicles were manufactured in July, August and September.
TSLA stock price over a period of 3 months
Elon Musk will no longer be president of the company in accordance with his agreement with the SEC following charges of course manipulation.
"We are very close to achieving profitability and proving to opponents that they are wrong, but to be certain, we must really deliver the goods tomorrow (Sunday). If we give it a go tomorrow we will win an epic victory beyond all expectation, "said Elon Musk in his message to the company's employees.
But is it enough for Tesla – the company that has only been profitable for two months in more than 10 years – to break even? For now, the company has accumulated $ 6 billion in losses and will certainly generate more in the foreseeable future.
Source: Tesla eases fears with high sales figures
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Source: IQOption blog (blog.iqoption.com) 2018-10-03 14:40:50
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