It looks like Tesla is prioritising the more expensive versions of the vehicle over the loss-making base variants, but the report mentions that it was not an unexpected move. The company should get out of production hell soon, he said. Musk said in July past year that Tesla would probably be making 20,000 Model 3s per month by December 2017.
Investors also suffered a $4.01 loss per share, worse than the $3.69 loss analysts had forecast.
Tesla's $3.3 billion quarterly revenue matched Wall Street's expectations and was $1 billion higher than the company brought in during the fourth quarter of 2016.
Senate Republican Report Alleges FBI Bias Against Donald Trump
He also wanted Clinton to defeat Trump in the election - in another message, he wrote: "God Hillary should win 100,000,000 - 0". Some of Strzok and Page's texts have drawn concern over what looks like more than general anti-Trump sentiment.
"The competitive strength of Tesla long term is not going to be the vehicle (s), it's going to be the factory, we're going to productise the factory", he said. Tesla expects to deliver about 100,000 of the two models in 2018. Cars that were promised in early 2018 are now being pushed to 2019.
Tesla reiterated in its earnings report on Wednesday that it is on target to produce 2,500 of its Model 3 electric sedans by the end of Q1 and 5,000 by the end of Q2.
Still, the fact that Tesla didn't further delay the production goal for the Model 3 "should be taken positively", CFRA's Levy said in his note.
Musk himself stoked that talk by saying, five years ago, that he wanted to stay with Tesla through the introduction of the Model 3. "What we can say with confidence is that we are taking many actions to systematically address bottlenecks and add capacity in places like the battery module line where we have experienced constraints, and these actions should result in our production rate significantly increasing during the rest of Q1 and through Q2".