Tesla 2019 Q3
Earnings Report
$143 Million GAAP*
Net Income (4th quarter since 2014 that they've been profitable) Sales are "production
limited" not "sales limited" (as the scare-mongers would
have you believe). An industry analyst asked Elon if Tesla would monetize the infotainment system (make it a for-a-fee option instead of now where it comes with the car). Elon said 'no'; he wants "the cars to be fun to use, and that fun should not be optional." Elon said Tesla Insurance is doing great in the California roll-out, and rates are as low as they are because the car is so safe, and one of the reasons he did Tesla Insurance was to force other insurance providers to lower their rates for Teslas which they weren't doing on their own. Elon was asked about the pickup truck. He said he thinks it will be the best vehicle Tesla has come out with. It will be revealed in a few weeks. (Pickups are the biggest selling vehicle in the U.S.) TSLA $316/share today, up from $228 one month ago. Will likely increase when pickup is revealed in a few weeks.
|