Tesla model s sales exceed target: 40 kwh battery cancelled I hope this is not an april fools joke. Tesla Model S Sales Exceed Target | Press Releases | Tesla Motors
3/31 Press Release Sales exceed target, profitability reached in Q1, 40kWh option "cancelled" (orders will be filled with 60kWh pack and software limited to 40kWh). http://www.teslamotors.com/about/press/releases/tesla-model-s-sales-exceed-target
Elon Musk @elonmusk 26m First profitable Q for Tesla thanks to awesome customers & hard work by a super dedicated team and Elon Musk @elonmusk 17m To be clear, Tesla is in California, so it is not April Fool's yet! Also, some may differ, but imo the Tues news is arguably more important.
40 kWh version cencelled and Tesla beats Q1 production estimates! Man you guys are slow to post new news! http://seekingalpha.com/news-article/6093171-tesla-model-s-sales-exceed-target#comment_update_link Looks like 40 kWh version is cancelled. People who have already reserved the 40 kWh version will get a 60 kWh pack software limited to 40 kWh of range. Also Tesla beats Q1 production estimates by 250 vehicles...ups guidance to full profitability both non GAAP and GAAP. Big news! But is this the big announcement Elon was talking about? I don't think so...where is his money where his mouth is in a v major way? Methinks it is going to be a rough week for those short the stock!
Given this the end of the quarter, the Tesla press release surely knows what it is talking about. Congratulations to everyone who contributed !!! Full text of the press release: (Thought this is important enough for its own thread). - - - Updated - - - Tweet by Elon unconditionally states: Elon Musk @elonmusk First profitable Q for Tesla thanks to awesome customers & hard work by a super dedicated team http://www.teslamotors.com/about/press/releases/tesla-model-s-sales-exceed-target … (9:51 PM - 31 Mar 13)
Terrible news for me personally. I had to sell half my shares at $39 a few weeks ago to close on my house and was doing to buy them back once I got my tax return. I suspect the price won't be under $39 now. :tongue:
Woop woop . I hope it will break $40. I'm starting to feel really awesome that I got in at 29. I heard some of you buy in before or after hours. Does that mean I could buy some @38 right now?
Sell? This is only the beginning. ------- Add to this Elon's potential zinger tomorrow, and we have the making of one of the greatest short squeezes of all time.
This could run way beyond fundementals depending on how well the shorts are hedged and how many get caught up in a "margin call". I cant believe anyone is selling this morning under $48 - 50. Premarket volume is 330 K. Current price is $43.78 + 5.89 As always in these situations I only have 1/2 as many shares that I wanted to have. "should have bought more."
We are in uncharted territory now. Going to be really hard to tell what overbought is. I'm certainly not selling anything until we see what Elon is up to tomorrow.
I'm thinking whatever he announces tomorrow will have little affect compared to the profitability announcement.