According to a Reuters report, Musk wrote in the letter, “I think we just became a real car company.” The mail also highlighted that the Model 3 milestone came at a time when the weekly production goal of 7,000 Model X and Model S vehicles were also achieved.
‘I think we just became a real car company.’ – Tesla CEO Elon Musk
This news points to the fact the Musk’s company beat Goldman Sachs’ estimates, which was not impressed with Tesla’s performance. Earlier, Goldman Sachs has reaffirmed its SELL rating on the stock, stating that it expects to see the Model 3 deliveries fall short of street expectations once again.
Tesla CIO Gary Clark is out
Last week, a major shake-up at Tesla saw Chief Information Officer Gary Clark leaving the company. Tesla shares were up 1.45% in premarket trading on Friday, following the announcement.
A month ago, CEO Elon Musk announced a 9% workforce reduction to turn the company’s results from a loss to profit. The job-cut that affected about 46,000 employees, is part of a major reshuffle, including flattening of the management.
Model 3 is now cheaper
Earlier last week, Tesla unveiled the Model 3 pricing. The high-end Performance variant, which hits 60 mph in just 3.5 seconds with a maximum speed of 155 mph, is priced at $78,000. A variant of the same, without any extra options such as white interiors, aluminum pedals, carbon fiber spoiler and 20-inch rims, costs $64,000.
The base variant of Model 3 for $49,000. The cost for an optional second motor and AWD was been slashed to $4,000 from $5,000. With these customizations, the standard model would cost $53,000. Tesla will reportedly apply the new prices retroactively to the orders that have already been placed.
