- 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 (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)