Auto Journalist Comments Re Tesla Earnings

Comments from Karl Brauer, executive publisher for Autotrader and Kelley Blue Book:

“A profitable quarter is a good start, though Tesla has made this start twice before without follow-up, or booking an annual profit. If Model 3 production, and demand, are sustained over the next three quarters Tesla could enter sustainable financial status for the first time in its 15-year existence. Beyond tariffs and shift tax breaks, the biggest threat to Tesla’s future is the one traditional automakers have faced for over 100 years – competition. A phalanx of all-new pure EVs will hit the market between now and 2020. Will Tesla’s demand and sales falter in this new world of growing EV options? We’ll see.”

Comments from Akshay Anand, executive analyst for Kelley Blue Book:

“Tesla had a very strong Q3, blowing past most expectations. Kudos to Elon Musk and team for surprising nearly everyone. Now, the question remains – can Tesla make this a habit, or this this a blip on the radar? With the lower-priced Model 3 still to come and possibility of front-loading orders, the brand will continue to be scrutinized into 2019. One thing is for sure, though – if Tesla continues on a successful path, the sky is the limit.”

Comments from Rebecca Lindland, executive analyst for Kelley Blue Book:

"Tesla rewarded investor confidence by finally booking a profit in the third quarter, despite an array of self-inflicted wounds. A new chairman and independent board members may provide management guidance and perspective, which makes this result sustainable in the long term."