Over 60000 orders of Tesla Model 3 cancelled: Musk

News of Kelty’s exit comes at a critical juncture for Tesla which turned over the first batch of Model 3 vehicles to employees Friday night. — Reuters

News of Kelty’s exit comes at a critical juncture for Tesla which turned over the first batch of Model 3 vehicles to employees Friday night. — Reuters

Tesla is expected to release its second-quarter earnings report after the market closes on Wednesday, days after it delivered its first batch of highly anticipated Model 3 sedans.

"CEO Elon Musk sounds increasingly squeamish about the production ramp", Sacconaghi said in his note.

Do you really want to encourage more people to order more hamburgers?

Tesla (TSLA) investors were unfazed by the automaker's wider second-quarter loss, as shares rallied on news that Model 3 orders picked up following the car's official launch. Over the past eight months the company has nearly doubled its share price from its December 2016 low of $181.

Tesla Inc.'s (TSLA) just over 100 stores in the USA are useless to anyone looking to buy the Model 3.

Tesla Inc. shares basked in Wall Street's approval on Thursday, a day after the Silicon Valley auto maker reported better-than-expected quarterly results.

"I want to emphasize you can't see the vehicle unless you want to look at pictures online", Musk said.

I mean, they always do this. Model 3 is unrivaled in performance against its peers.

The short sellers expected that the Model 3, priced at an average cost of $44,000, would kill demand for the much more expensive Tesla luxury models, but Musk said the company is seeing new buying interest in the Model S and Model X units. Musk rejected such suggestions, although he said a debt raising was a possibility.

Yeah, the new Model 3 is good.

"We're not promoting the vehicle".

Elon Musk said on Tesla's quarterly earnings call that around 63,000 early reservations for the Model 3 were cancelled since the pre-order portal opened, according to Recode. "We feel we gained a lot of experience".

"I think these numbers are inconsequential". "You can't test drive a vehicle". They made it pretty clear that they are making a vehicle for the masses. "Most of the remaining 20% said probably. So this is a very good sign".

The electric vehicle maker has cautioned that its rollout of the Model 3, its first attempt at a mass-market auto, would face challenges.

One can argue that the differences are minimal, at best.

The hamburger analogy refers to the long wait time that prospective owners face for the Model 3.

That is significantly higher than the $35,000 price most customers were anticipating, before incentives.

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