bits and pieces I took off bloomberg...the foward looking stuff looks pretty bullish in my view.
Tesla +7.1% to $247.34 in aftermarket trading.
In normal trade it was down $7.96 to $230.97.
Forward looking comments are bullish…
Tesla plans to be able to build at an annualized pace of 100,000 vehicles by the end of next year (from 33,000)
CEO Elon Musk predicted a 50% rise in orders and deliveries of the Model S next year.
More importantly AHEAD OF SCHEDULE ON GIGAFACTORY
The Q3 result was mixed…
Excluding some costs, earnings were 2 cents per share in the quarter vs the average estimate compiled by Bloomberg was 0 cents.
The report wasn’t all good news for Tesla investors and customers waiting to receive their cars.
Quarterly unit sales rose to a best-ever 7,785, but short of the 7,892 that was the average of nine analysts’ estimates.
The company said it plans to begin delivering its Model X sport-utility vehicle in the third quarter of 2015, “a few months later than previously expected,” and it trimmed its forecast for vehicle sales this year to 33,000 from 35,000.
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