There was a stark difference in tone on Tesla's third-quarter earnings call compared to the company's second-quarter call.
, maybe call it a 5x increase in the value of the company," Musk said."Maybe a 10x. Where things go along the way, the trials and tribulations and the mood of the markets, one cannot predict."
. Beyond informing investors that the Cybertruck — which will begin deliveries in November — will take 12 to 18 months to become a"significant positive cashflow contributor," Musk's July confidence in the company's long-term strength seemed mostly depleted. "I keep harping on this interest thing, but I mean, it just raises the cost of the car," Musk said, citing an internal report which found that, even after price cuts, the monthly price of the Model Y after inflation was almost unchanged.
"People hesitate to buy a new car if there's uncertainty in the economy," Musk said, seemingly answering the
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Says Tesla 'Dug Our Own Grave' With the CybertruckThe first deliveries of the eagerly anticipated EV will begin on November 30.
Read more »
Elon Musk Admits That Tesla ‘Dug Its Own Grave’ With The CybertruckThe electric pickup truck is officially coming in November but a production ramp up is still quite a ways off and rife with difficulty
Read more »
Elon Musk comes back at investors begging Tesla to increase advertisingThe electric vehicle leader posted poor third-quarter results last week.
Read more »
‘He’s Addicted to Risk’: Elon Musk’s Biographer on the Tesla CEOIn a new biography about Elon Musk, Walter Isaacson shares what he learned during his two years shadowing the billionaire entrepreneur, including how Musk’s childhood influenced his leadership and instilled in him an aversion to contentment.
Read more »
Elon Musk's finances may crash Tesla's stock to the groundElon Musk’s social media platform X has begun charging a $1 fee to new users in the Philippines and New Zealand.
Read more »
2024 Tesla Model 3 Standard Range First Test Review: Cheapest Tesla Punches Above Its WeightIs the cheapest Tesla good? The revised entry-level rear-drive 2024 Model 3 Highland addresses complaints and signals what's to come from Tesla.
Read more »