"Gigafactory 1 creates a significant barrier for competition and manufacturing capability should be a competitive advantage for Tesla over the long term", he writes, as it will allow the company to lower costs through "industrialization of battery pack assembly and economies of scale".
The cobbled-together line was instrumental to the company finally delivering on a production target this summer - a feat that faded from the headlines largely due to Musk's questionable antics.
Tesla stock (NASDAQ:TSLA) is showing its trademark volatility today, amidst a longtime bull's more cautious stance and a surprisingly optimistic outlook from a longtime critic. As a result, Tesla lost its chief accounting officer, Dave Morton, because Musk wasn't interested in hearing about potential problems involving the take-private transaction.
Elon Musk promotes employees to top management after the company recovers from the series of resignation. The stock rose 8.5 percent Monday. Tesla shares have also been hit by a round of short selling, sparking more angry tweets, and have dipped accordingly.
A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S., June 22, 2018. The company is trying to iron out production bumps after struggling to produce Model 3 sedans and failing to meet several production deadlines. Tesla has said the Semi will begin production in 2019, but has yet to announce where it'll be produced.
Later on Friday, Tesla named a new president of automotive operations, promoting eight-year Tesla employee and former Daimler truck exec Jerome Guillen into the role overseeing all automotive operations and reporting to Musk. Venture capitalist Gene Munster wrote last week that the CEO's behavior was "making it harder and harder to support Tesla as a company".
Shares of the electric carmaker closed trading at down 6.3% Friday, with investors on edge after a tumultuous August during which Musk proposed and then abruptly pulled the plug on a go-private deal. That means you'll have to pay more to get them and probably wait a bit longer for your vehicle, too.
Musk has always been very interactive with its audience via his podcasts and seminars but there was something unusual during his latest web appearance.
While paint stocks of those two remain, special ordering them will set you back $2,000, the same as Pearl White or Red multi-coats.