[ad_1]
<div _ngcontent-c16 = "" innerhtml = "
Tesla shares jumped 8.46% Monday afternoon on their best day since July 16, after CEO Elon Musk sent an optimistic e-mail to employees promising a record performance.
Elon Musk, CEO and founder of Tesla, told employees in an email that the company would decimate previous production numbers in the third quarter. (Photo by Charles Sykes / Invision / AP, File)
Tesla traded around $ 285.50 per share, bringing the stock above its price of $ 280.95 at the close of last Thursday, before Musk appears to be smoking marijuana on a TV show and that his account manager resigns. Events had sent the stock down 6.3% from Friday.
"We are about to have the most incredible quarter of our history, building and delivering more than twice as many cars as last quarter," Musk wrote in the email.
The doubling of production would result in strong growth for the company, although it increased production this year, increasing vehicle production by 55% sequentially to a record 53,339 in the second quarter. In the first quarter, this number had increased by 40%.
In the same email, Musk also announced the restructuring of the company's management, after talks with Tesla's board of directors. After spending eight years with the company, Jerome Guillen has been named President of the Automobile, where he will "oversee all automotive operations and program management, and coordinate our extensive automotive supply chain." Model 3 and was Tesla's first Model S program manager before becoming head of all engineering and sales and service departments worldwide.
Tesla has elevated Kevin Kassekert to vice president of People and Places, replacing Tesla's chief of staff, who resigned for personal reasons.
The email mentioned five other management changes, including a vice president of Gigafactory operations.
Investors will look at third-quarter vehicle production figures in October, but Musk has also set other targets. In the first and second quarter results, he stated that the company would generate positive net income and free cash flow in accordance with GAAP in the third and fourth quarters, despite higher rates for vehicle imports into China and components purchased domestically. If the goal is achieved, it will be the first quarter profit of the company.
Tesla's support for achieving their goals has been positive this month. In August, Tesla's Model 3 became the fifth-best-selling car in the United States, according to data from InsideEVs.
The company was relatively unpopular in the second quarter with investors, most of whom are valuable investors. Only two shares purchased, with Pioneer Investments increases its interest by 3.05% and Ron Baron, who holds the largest share at 2.49% of his portfolio, adds 0.32%. Five other holders decreased their positions. Only 10 investors hold Tesla, or 6.8% of those monitored.
This article originally appeared HERE.
">
Tesla shares jumped 8.46% Monday afternoon on their best day since July 16, after CEO Elon Musk sent an optimistic e-mail to employees promising a record performance.
Elon Musk, CEO and founder of Tesla, told employees in an email that the company would decimate previous production numbers in the third quarter. (Photo by Charles Sykes / Invision / AP, File)
Tesla traded around $ 285.50 per share, bringing the stock above its price of $ 280.95 at the close of last Thursday, before Musk appears to be smoking marijuana on a TV show and that his account manager resigns. Events had sent the stock down 6.3% from Friday.
"We are about to have the most incredible quarter of our history, building and delivering more than twice as many cars as last quarter," Musk wrote in the email.
The doubling of production would result in strong growth for the company, although it increased production this year, increasing vehicle production by 55% sequentially to a record 53,339 in the second quarter. In the first quarter, this number had increased by 40%.
In the same email, Musk also announced the restructuring of the company's management, after talks with Tesla's board of directors. After spending eight years with the company, Jerome Guillen has been named President of the Automobile, where he will "oversee all automotive operations and program management, and coordinate our extensive automotive supply chain." Model 3 and was Tesla's first Model S program manager before becoming head of all engineering and sales and service departments worldwide.
Tesla has elevated Kevin Kassekert to vice president of People and Places, replacing Tesla's chief of staff, who resigned for personal reasons.
The email mentioned five other management changes, including a vice president of Gigafactory operations.
Investors will look at third-quarter vehicle production figures in October, but Musk has also set other targets. In the first and second quarter results, he stated that the company would generate positive net income and free cash flow in accordance with GAAP in the third and fourth quarters, despite higher rates for vehicle imports into China and components purchased domestically. If the goal is achieved, it will be the first quarter profit of the company.
Tesla's support for achieving their goals has been positive this month. In August, Tesla's Model 3 became the fifth-best-selling car in the United States, according to data from InsideEVs.
The company was relatively unpopular in the second quarter with investors, most of whom are valuable investors. Only two shares purchased, with Pioneer Investments increases its interest by 3.05% and Ron Baron, who holds the largest share at 2.49% of his portfolio, adds 0.32%. Five other holders decreased their positions. Only 10 investors hold Tesla, or 6.8% of those monitored.
This article originally appeared HERE.
