Tesla demonstrates strong sales, Musk resigns


2 min read

The last quarter has been a roller coaster for the most valuable automaker in the United States. Tesla has managed to show impressive results at the end of the quarter, delivering 83,500 vehicles in a 3-month period. The stock price of TSLA has finally recovered after a rapid, but devastating period of depreciation. Tesla is now trading at $ 301 per share. In the course of the last 3 months, the company was trading between $ 379 and $ 263.

Just three months ago, the company had difficulty producing 5,000 units of the Model 3s per week. More than 53,000 vehicles have been manufactured in July, August and September.

Price of TSLA shares over the course of 3 months

Elon Musk will no longer be the president according to the agreement he has reached with the SEC after being accused of manipulating prices.

"We are very close to achieving profitability and showing that the detractors are wrong, but to be sure, we must have a really good performance tomorrow (Sunday). If we do as much as possible tomorrow, we will achieve an epic victory that exceeds all expectations, "said Elon Musk in his message to the company's employees.

But will it be enough for Tesla, the company that reported only 2 profitable months in more than 10 years, to recover? As of now, the company has accumulated $ 6 billion in losses and will undoubtedly generate more in the foreseeable future.

Source: Tesla calms fears with strong salts numbers

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