Meet Tesla’s new CFO, young enough to be a youth league member

Investor's Corner					Here’s what Tesla owner-investors will be asking Elon Musk today

But with vehicle production continuing at 100 million a year "it is impossible for Tesla to build electric cars fast enough to address the carbon crisis", Musk said. Ahuja's departure follows other executive turnover at the hard-charging Musk's electric auto company.

"Earlier this month we started construction of Gigafactory Shanghai, and by the end of this year we expect to be producing Model 3s using a complete vehicle production - that's body paint, body assembly, general assembly and module production". Tesla on Wednesday reported net profit of $139 million for the three months ended in December, its second consecutive quarter in the black.

"I expect the demand for the Model Y will be maybe 50% higher than the Model 3", Musk said, adding that he saw annual demand for the existing Model 3 at around 700,000 to 800,000 units a year, and maybe as low as 500,000 if a recession emerges. Still, Tesla earnings were hit on some fronts, but sales are looking good with Tesla having sold over 140,000 Model 3 throughout 2018 with more to come.

"It's very important to get those cars, especially to China, as soon as possible". "Turning a profit, creatively addressing challenges and getting the Model 3 to the masses were huge milestones, but keeping up this momentum is virtually impossible", she said. Tesla last disclosed in May that net Model 3 reservations - accounting for new orders and cancellations - exceeded 450,000. Musk said that should allow the company to reach production targets of 10,000 Model 3s per week by the end of the year - and perhaps critically - circumvent some of the uncertainty caused by trade conditions. This is because Model Y will share about 3/4 of the components from the Model 3. Musk gave a "rough guess" that Tesla would begin building its originally promised $35,000 version around the middle of this year.

26 measles cases in western Washington outbreak | Lexington Herald Leader
Those who are concerned about their potential measles exposure but have no symptoms can call 8-1-1 and speak to a nurse. However, in Clark County, it was nearly 8 percent of children, according to state records seen by The Washington Post.

"Model 3's production rate progressively improved" last quarter, "with December 2018 being our highest volume month ever", Tesla executives said in a letter.

Tesla said it ended the quarter with $4.3 billion in cash and said it could pay a $920 million convertible bond maturing in March. Revenues generated in Q4 amounted to $7.23 billion against average estimates of $7.08 billion.

'Tesla has a fantastic brand, and by all accounts a fantastic product, but we're anxious it's also fantastically expensive. Deliveries in 2018 amounted to 63,359 vehicles in North America, according to the company. The end of a United States subsidy for electric cars has seen Tesla knock $2,000 of United States prices to prop up demand, while the company's also announced a 7 per cent cut in staff numbers as it looks to keep costs under control.

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