"Prior to a planned shutdown in mid-April to further increase production, we produced more than 2,000 Model 3 vehicles for three straight weeks, and we hit 2,270 in the last of those weeks", CEO Elon Musk said in a statement. The company is planning to start a new plant as the Fremont plant is jammed to grills according to Elon Musk but they are yet to decide the place for new factory which is why the timeline for Model Y production is 2020.
"You need to have full autonomy, level 4 or 5, whatever you want to call it and, obviously, a lot of cars on the road, and then build the software infrastructure behind that to enable shared autonomy", Musk said.
Elon Musk has admitted it was "foolish" to ignore analyst questions on Tesla's financial results call this week, though insists he had good reason to shut down the "boneheaded" comments. "We're going to go as long as there are good questions to answer", he said of the question and answer phase of the call.
"The "dry" questions were not asked by investors, but rather by two sell-side analysts who were trying to justify their Tesla short thesis", Musk tweeted. By the time Spak had the floor and inquired about the number of reservations for Tesla's Model 3 auto, Musk shut it down by saying he simply didn't want to answer "dry" questions.
During early trading on Wednesday, Tesla's price of shares fell 6.1 percent, dipping to $282.02 per share.
The fallout from Musk's statements was immediately felt by the company's stock.
Unemployment drops to 3.9 percent
Payrolls for temporary help, seen as a harbinger of future permanent hiring, rose by 10,300 after falling by 2,100 in March. The smaller pool of available workers usually leads to increased wages because companies have to compete to hire people.
"While the consequences are unquantifiable, we believe Tesla's CEO made a mistake in refusing to answer some of the analyst questions about the Model 3 ramp", Morgan Stanley analyst Adam Jonas wrote in a note on Thursday. If his account checks out, it's not hard to see why Musk would be annoyed.
"At this critical point, he needs to reinforce confidence, not raise a narrative of him as unstable and whose rational side is lost in space", said Schiffer, who does not hold Tesla shares.
In a weird conference call, the iconoclastic CEO described concerns about Tesla's capital requirements as "boring" after the company, which also makes solar technology, reported a record loss of $709.6 million, or $4.19 each share, in the first quarter ended March 31.
The news that Tesla released in its earnings report was "actually super good", Musk said in another tweet.
Next, Musk was asked many questions by Galileo Russell, a 25-year-old retail investor, and owner of a YouTube Channel.