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Tesla starts off 4Q with strong production numbers; Musk tweets about climate change

Proactive Investors Friday, 12 October 2018
Tesla Inc (NASDAQ:TSLA) was once no stranger to production issues, but the electric-vehicle company seems to have found its way back on track lately. The automaker is expected to have produced 11,500 cars so far in its fourth quarter, according to a report by Electrek. That number includes a total of about 7,400 Model 3s. Tesla produced a total of 80,000 vehicles in its third quarter, including over 53,000 Model 3s. The report stated that the automaker appears to have maintained its Model 3 production goal of 5,000 units per week. Tesla has not yet issued production and delivery guidance for the fourth quarter, but the company stated previously that it intends to boost its Model 3 production. Musk to the rescue? In other Tesla news, CEO Elon Musk tweeted about his company’s place in the world. Tesla exists to help reduce risk of catastrophic climate change, which affects all species on Earth. Even if your faith in humanity is faltering, this is worth caring about. Support makes a difference. Thank you. — Elon Musk (@elonmusk) October 12, 2018 Scientists have pointed to climate change, which is exacerbated by car emissions, as a driving force behind natural disasters. The Florida Panhandle and other areas of the southeastern US were hit hard by Hurricane Michael about a month after Hurricane Florence ripped through the Carolinas.   Contact Lenore Fedow at lenore@proactiveinvestors.com Follow her on Twitter: @LenoreMariee
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News video: Tesla Is Looking At Its Lowest Closing Numbers In Over A Year

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Market Insider reports that Tesla shares have fallen 35% since approaching record highs following Elon Musk's "funding secured going private" tweet. Now, Tesla shares are under even more pressure trading at more than 3% lower at $252.61, a price that is comparable to their lowest close since March...

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