With a profitable quarter now in the books, Tesla CEO Elon Musk is looking to meet the next set of challenges, starting first with making a profit next quarter. It also seems to have moved on from intermittent delivery problems it experienced in September.Made cars more cheaplyBetween this year's second and third quarter, Tesla shaved $10,000 off the costs of making a vehicle - thanks to a lower cost of raw materials as well as fewer work hours spent on each auto.
Rising 12 percent at one point in early trading, the move in shares added as much as $6 billion (R87 billion) to Tesla's market value, capping a tumultuous few months for the company and its billionaire chief executive, Elon Musk.
"It was a truly historic quarter for us", he said during the company's earnings conference call.
In order to get the cheaper Model 3 underway, Musk stressed that Tesla still has "more work to do", and suggested that it will need to lower production costs to below $US30,000 so it can do so profitably.
Shares in the company leapt 9.8 percent to $316.80 in after-market trades that followed release of the earnings figures for its fiscal third quarter. The exact statement was as follows: "In order to significantly increase the affordability of Model 3, we have made a decision to accelerate our manufacturing timeline in China".
Musk meanwhile will be replaced as Tesla's chairman imminently after a ruling from the SEC that also saw the South African-born entrepreneur hit with a fine of $20 million (£15.6 million). Additionally, the company has plans to start production on a crossover version of the Model 3 known as the Model Y. Despite logistic and delivery issues, Tesla said the Model 3 was the best-selling vehicle in the U.S.in terms of revenue and 5th in terms of volume.
Tesla CEO Elon Musk once again pointed out that the company now did not intend to raise equity or debt. Tesla also posted $52 million (£40.5 million) from the sales of regulatory tax credits and $23 (£17.9) million in other income.
Trump refrains from attacking Democrats
This is another thing that the Federal Bureau of Investigation and local law enforcement in NY are investigating. The club of living former Presidents is a small one and Obama and Clinton are two of just five of its members.
Musk says the Model Y will likely be unveiled in March.
Tesla only reached a goal to build 5,000 Model 3s per week in June, although current production has fallen short of that.
On production, Wood was bullish, saying Tesla will "iterate and iterate until they get it right, and then, they are going to be able to scale enormously when they get it right".
"We will also have a factory in Europe long term, because it is pretty silly to make cars in California and ship them to Europe", Musk said.
Central to Wood's argument that Tesla could trade as high as $4,000 per share is the idea that Tesla will orient itself away from the capital-intensive vehicle manufacturing business toward software.
Things may finally be turning around for Tesla.
It has been accelerating production of its Model 3, yet the company remains burdened by billions in debt.
Half-centuries by Alyssa Healy and Ashleigh Gardner helped Australia put up a total of 195 runs on the board in 20 overs. Paceman Faheem Ashraf and Shaheen Afridi both took two wickets apiece for Pakistan .
He has been an active Trump supporter, tweeting and posting Facebook videos that appear to show him at the president's rallies. Four more suspicious packages were found on Friday, according to officials and media reports, bringing the total to 14.
The quake was fairly shallow, according to the USGS, just 14 km (8.7 miles) below the seabed, which would have amplified shaking. Greece suffers from thousands of earthquakes per year, due to the area lying on one of the world's most quake prone regions.
The statement said Netanyahu had been invited by Oman's Sultan Qaboos bin Said after lengthy communications. A statement from Netanyahu's office after he returned home said he met with Omani leader Sultan Qaboos.
Fifth seed Stephens won the first-set tie-break, before Bertens broke three times in the second set to win it in 36 minutes. The third set continued the trend as the Dutchwoman won the first two games before Stephens took the match away from her.
Irene Lily, who runs a stall to help disabled women told us that she wanted to tell the Duchess about her project. The Duchess of Sussex showed off her baby bump as she wore a full-length blue dress to a state reception in Fiji.
You play so many games and at certain times in the season that's going to happen so we'll just have to deal with it. And Brendan Rodgers has not been helped by the current injury crisis at Celtic Park.
She is in the middle of the second year of a three year contract, which reportedly pays her more than $20 million a year. She apologized in a tearful message to viewers on Wednesday's episode of her show, as well as privately to her staff.
A Turkish official said on Monday that the country will go until the end to enlighten the "nefarious murder" of Khashoggi. Labour's leadership seized on the events in Istanbul to call for arms sales to Saudi Arabia to be halted.
Tim Cook Calls for Strong Privacy Protections
Your profile is a bunch of algorithms that serve up increasingly extreme content, pounding our harmless preferences into harm. He added , "this process creates an enduring digital profile and lets companies know you better than you may know yourself".
'Suspicious packages' sent to former US VP Joe Biden
The suspicious packages came two days after billionaire George Soros received an explosive device at his home in NY on Monday. Law enforcement officials were still uncertain whether the devices were poorly designed or never meant to cause physical harm.
Seven hours, 18 innings
Sox second baseman Ian Kinsler fielded the ball, but his off-balance throw to first sailed outside the reach of Christian Vazquez. On Wednesday night, the LA Phil tweeted a poll asking its followers what song it should play: "I Love L.A." or "Sweet Caroline".
Group agrees to stop firing rockets at Israel
At least 213 Palestinians have been killed by Israeli fire in Gaza since the protests began, according to figures collated by AFP. Widespread desperation among Gaza's 2 million residents has fueled the participation in the Hamas-orchestrated protests.
Nationwide protests in India over police agency turmoil
Loktantrik Janata Dal leader Sharad Yadav, CPI leader D Raja and TMC's Nadimul Haque also joined the Congress protest. But the problem will arise if the Supreme Court decides to reinstate Alok Kumar Verma as the CBI director.
Mohammed bin Salman calls Khashoggi murder a 'heinous crime'
But Sabah , another pro-government newspaper, says Saudi Arabia has yet to give Turkish authorities permission for a search. Khashoggi, who was a columnist for The Washington Post , died inside the Saudi consulate in Istanbul earlier this month.
Why all women should be breast aware
This means they can receive the medical benefit of a full mastectomy, while leaving the nipple and areola fully intact. It was nice to see such a big group of the Kean community come out to support breast cancer".
Red Dead Redemption 2: Things you need to know
After what has felt like an eternity of anticipation, Rockstar's Red Dead Redemption 2 hits shelves worldwide today, October 26. Alongside Red Dead Redemption 2 comes the Red Dead Redemption 2 companion app for Android and iOS .
President of CNN blasts White House over media attacks
A package containing a pipe bomb was found in the mail room of CNN's NY bureau in the Time Warner Center on Wednesday. But once again he didn't mention CNN . "It's as if it can't roll off the tongue unless you're complaining about it".