Tesla Update...Yet Again

Tesla just had their Q3 conference call and gave off some pretty impressive information. They reported a better than expect loss of $75 million dollars and their stock soared 10% in after-hours trading. Elon Musk got to the good stuff later in the report.

Tesla will be launching the Tesla Model 3 in March of 2016. The Model 3 will be the electric car manufacturer’s "cheap" EV starting at $35,000. They are targeting average Americans with the Model 3. It will feature the same groundbreaking technology found in the Model S but expect to see a 150-250 HP downgrade when compared to the Model S.

The Model 3 might feature some new goodies that the Musk boys have under their sleeves. This car is going to be a hit since it is practically just a smaller, cheaper Model S. The phenomenal interior and over the top technology will still be there.

Tesla is also investing heavily in their gigafactory which will be responsible for producing all of their lithium-ion batteries found in their cars. It isn't operational yet however, the Musk Man said they could be operational by the middle of Q4 of this fiscal year! Way to go Elon! He beat his estimate by two years!

Basically, keep your eye out for a new Tesla being announced during March of next year. It is going to be a homerun for the company and for Americans too!

Well that's it for this week, make sure to comment and like and I will see you soon!