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Has a lot Tesla Motors expecting to show its first ever profit.
After beating what everybody said it couldn't do they sold more S model sedan electric sedans and the company originally projected.
What does this really mean for Tesla and the electric car industry.
01 thing it means is that the stock pop today about 15% but the question as.
Will the numbers eventually matched the hype coming from you on mosques tweets drama cut its chief energy strategist and founder of blue Phoenix he joins us now.
Odd jobs for those who haven't seen any of these tweets coming last week suggest that today it was going to be some and -- there's going to be some extraordinary news.
March 25 you -- must we didn't really exciting -- Tesla Motors announcement coming.
On Thursday I'm going to put my money where my mouth is in a very major way and then.
Slightly after that he say it's like change of date to ensure no end of quarter distractions -- be Tuesday next week.
He's really stoking the stock is -- not -- -- -- Definitely is and I think based on social media taken off the way it has maybe the SEC should start looking into how corporations are using.
Twitter and other supporters how could this be in violation of SEC rules because you're either nodded once following all the Twitter so -- -- it would -- -- so I think it's actually time.
That a major announcements.
Have equal playing field.
But the issue.
You know in in our opinion is is perhaps may be the actual reason the stock earlier -- -- some 20%.
And pretty much retain most of that.
Was because they beat.
The estimates they sold to -- -- -- billion more than the 4009.
That they had expected it at report 1500.
So in essence their business held up on this seat.
It definitely didn't but he didn't say anything new.
They actually have told investors on the west conference call that they were expecting to turn a profit and actually some more more vehicles up -- -- -- now.
You can't dispute that but it's nothing nailed a 50% move.
Really based on that is to me as a selling opportunity -- name.
And -- been optimistic on tussle for quite some time and I hate I do believe that there are some aren't some concerns that need to be -- looked at.
Full one being on the East Coast and seeing how we looked -- super -- -- Indian not a lot of people having access to electric.
Reforms so from a power I couldn't get gasoline either I mean not much prefer -- -- -- wouldn't you rather have a hybrid at least you have an opt out.
-- an internal combustion engine is a kind of power energy source in and of itself or with -- electric cars you have to get the power elsewhere but.
One question about the profit of the company because he did suggest has suggests these tweets that.
He is going to be profitable is is whether or not that profit is boosted.
By that kind of regulatory credits that they get from from the federal government if it wasn't for this help.
Sure that they're getting from the federal government would they still be profitable I don't think so that he can you can make it taste as they're ramping up production it's gonna cost -- more money by the company.
To bring more model solely for investors be disappointing this 15% jump today was extraordinary to us if they find out -- infective their only profitable -- because they're getting the help from the federal government.
Will that hurt them with the best that's certainly been a knock on election vehicles in -- -- -- general tax credit from the US government.
But the company actually came out and they.
-- delayed the release of this second and third generation vehicle which was the he did the model X and I think that you you can't bet on one company having one good one product at -- That's expensive one you can tell from my hair how long ago that was that was a couple years ago but then the actual sit down I had an opportunity to walk through the Fremont plant where they have.
Really pulled off impressive X acute -- they have been able to -- I disagree in that -- look at these numbers and I say Tesla said.
Initially it would be 4500 or more of of the model -- Saddam.
They didn't come in with 4503.
They came in with 4750.
Right why do you call them the David Beckham.
David Beckham has been an iconic cult like -- figure when it comes to soccer.
And I believe that this is a time when -- was actually carving out a niche following a cult like following if you will now I've had been very enthusiastic on Tesla.
Since their inception.
David Beckham has won everywhere he's been you can make a claim that he's a prima Donna but he's want he's competitive.
Elon Musk is actually only competitive in many people consider him the modern day Steve Jobs but I do believe that their challenges ahead.
To speak it's a big if David Beckham might have his own issues with -- -- -- and injuries you -- have headwinds with the marketplace.
Forty -- and for 4750.
Multiplied by four quarters -- 191000 vehicles to be sold -- share.
They have a forecast of 20000 if you have any sort of hesitation that the market is going to remain and as exuberant as -- has been.
This is an opportunity to take some profits off the table.
Great company before valuation perspective I have concerns I've what's -- concern that they push back the model accident and I do think that this company.
Has to execute its price for Nevada.
Any sort of disruption with Tesla is he's going to be a of course the -- -- cafe and profits now and if they do more than 20000 by the end of the year -- you put those prime suspect -- I think that you have to have a second generation opportunity and so we we have the roast that we have that the model us which by the way.
You can't get it 2012 motor trend car via -- -- this is 2013 -- -- more Java product thank you very much.
-- ever dream of.
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