Coming off of today’s news about Tesla’s quarterly revenues, Tesla Motors keeps showing strong, positive growth. Many traders had forcasted Tesla to post a loss of about $0.20 per share. Instead Tesla did literally the opposite and posted a $0.20 per share operating profit.
While analysts were surprised by the developments, they were not dismissive of what else Elon Musk had to say. Which included the possibility of the Model S reaching worldwide production of 40,000 units annually by the end of 2014. His estimate was from the sales and first deliveries of Model S into Europe. Plus Tesla will be opening one of their Tesla Motors stores in China later this year with sales to follow.
While the conference call today had many surprises, one analyst inquired about BMW’s recent entry into electric vehicles with the i3 (which so far has been received a variety of reviews). Elon replied to the question with, “I think there is room to improve on the i3, and I hope they do.” Laughter was then reportedly heard on the line from various people on the call.