Autotrader and Kelley Blue Book analysts on today’s Tesla shareholder meeting

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From Cox Automotive

Comments From Karl Brauer, executive publisher for Autotrader and Kelley Blue Book:
“We heard a lot of the same sound bites we’ve heard before, though a new callout was the level of revenue generated by the Model 3. Elon claims it’s the highest revenue car sold, based on volume and price. If true, Tesla is selling the ‘highest revenue car’ without making a profit. (Editors Note, In the first quarter of 2019 Tesla lost $702.1 million). We didn’t get any hard evidence regarding Tesla’s deliveries for Q2 or the status of the Chinese factory; two issues that will largely define Tesla’s near- and mid-term progress (and stock price). Maybe a fully functioning Chinese factory, as well as a fully functioning autonomous car, are just around the corner. We’ll have to wait and see.”

Comments From Akshay Anand, executive analyst for Kelley Blue Book:
“Tesla always shows cool stuff it has planned for the future in its conferences. However, the focus needs to be the Model 3, as the continued rollout of the model and its quality will make or break the company, and ultimately be Tesla’s guide to true profitability. Even with trucks, roadsters, solar roofs, and other sexy products, the Model 3 is the key to the Tesla house.”