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A Tesla Model 3 is seen in the general assembly line of the Tesla factory in Fremont, California on Thursday, July 26, 2018.
Bricklayer trinca | The Washington Post | Getty Images
Tesla shares advanced Wednesday in pre-market talks after the announcement that the electric automaker would increase production at its California plant.
President of the automobile, Jerome Guillen, said in an email to employees that Tesla "was preparing" to increase production, according to Bloomberg. He reportedly stated that Tesla had "broken new records in all production lines in terms of efficiency and effectiveness" in the second quarter of this year, while at the same time "the quality also reaches records . "
"Although we can not be too specific in this email, I know you'll be delighted with future developments," Guillen said.
Tesla shares rose 1.7% in pre-market release compared with Tuesday's closing of $ 230.06 in the stock market.
Elon Musk's automaker impressed Wall Street with record sales numbers for the second quarter, but analysts remain cautious, focusing instead on the company's next earnings report. Tesla is expected to release its second quarter results on August 7th.
"The pace of second-quarter shipments does not change our cautious view of Q2 results," said UBS in a note to investors on July 3.
Read Bloomberg's full report right here.
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