Tesla did meet Wall Street expectations for third-quarter production of its Model 3 sedan. Photo: eric piermont/Agence France-Presse/Getty Images
Tesla’s third-quarter production report was positive in some ways, but the details were a little hazy.
The electric-car maker met Wall Street expectations for production and deliveries of its Model 3 sedan. Tesla made no mention of its customer reservation count, though.
Three months ago, Tesla reported that reservations stood at “roughly 420,000.”
That figure brings to mind Tesla’s supposed deal to execute a go-private transaction at $420 a share—the infamous incident that was the subject of last weekend’s Securities and Exchange Commission settlement with CEO Elon Musk. The agency had alleged prior to the settlement that the price was a reference to marijuana culture.
Tesla had said in August that it stopped taking new reservations for the Model 3, but the company didn’t answer a question about its current reservation count.
The figure seems to have gone up in smoke.
Write to Charley Grant at [email protected]