Musk sets sights on a record Tesla quarter

Morgan Stanley Says The Market Is Underappreciating Tesla's AV Business

Morgan Stanley Says The Market Is Underappreciating Tesla's AV Business

Musk opened his speech by pointing out that the Model 3 outsells all of its competitors combined (which includes the BMW 3 Series, Mercedes-Benz C-Class, Audi A4, and Lexus IS), which we've known for a while.

With an investment of over 50 billion yuan (US$7 billion), Tesla's factory is the largest foreign investment project in Shanghai's manufacturing sector, the report said.

The Model 3 became the world's best-selling electric vehicle a year ago.

In regards to the "cyberpunk" pickup truck that's been teased for months, Musk only stated that it could be better than Ford's F-150. Musk added that Tesla hopes to unveil the vehicle towards the end of this quarter.

Next, Musk talks about Tesla's all-electric semi truck.

Royal Family Members Honour Prince Philip On His 98th Birthday
Philip retired from his royal duties on 2 August 2017, at the age of 96, having completed 22,219 solo engagements since 1952. He was born on June 10, 1921 in Greece, to parents Prince Andrew of Greece and Denmark and Princess Alice of Battenberg.

Tesla is matching product rollout according to scaling of battery production; Musk said this is the limiting factor. Nearly as an aside, he then mentioned that Tesla may have to get into the mining business, "a little bit at least", in order to ensure it has access to the raw materials needed to continue scaling battery production. "I don't know", Musk said.

Musk also said the company was on track to hit its volume production goal by the end of this year.

Questions have been raised about global demand, especially for the Model 3 sedan. "It's amusing you should mention that".

"It will not be long before we have a 400-mile range vehicle", he said.

While Musk described the Tesla submarine auto more as an experiment than a production vehicle, he did confirm that designs inspired by James Bond's Lotus Esprit in "The Spy Who Loved Me" does exist within the company; he suggested that it could sooner or later become a show auto. "The faster you scale, the more cash you have".

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