Only yesterday American electric car manufacturer Tesla Inc reported its biggest-ever quarterly loss as the company spent more to increase the production of Tesla Model 3 sedan. Musk had anticipated the company would manufacture more than 1,500 of the cars by the end of September, however, that it didn't pan out how he planned. There were only 260 of them made in the third quarter. And now, we've come to hear about what the company's CEO has been up to to get Tesla back on track. Musk had shared that he had come down with a cold but was determined to be available at the Gigafactory in Nevada, even sleeping there if the need arises. Tesla reported earning a revenue of nearly $3 million for Q3.
While making the company’s quarterly earnings call, Musk said, "I always move my desk to wherever -- I don’t really have a desk actually -- I move myself to wherever the biggest problem is in Tesla. I really believe that one should lead from the front lines, and that’s why I’m here."
He went on to share details of rewriting of software and spoke about spending late nights and early mornings at the factory to repair the processes for battery production. Musk is now aiming for fulfilling his goal of producing 5,000 Model 3 units every week by March.
“I feel really pretty optimistic right now," he said, adding: "But if you’d talked to me three weeks ago, I would have been quite pessimistic, and I was sort of quite down in the dumps.”
Tesla posted a net loss of $619.4 million, or $3.70 per share, for the third quarter ended 30 September compared to a profit of $21.9 million, or 14 cents per share, a year earlier. Revenue rose to $2.98 billion from $2.30 billion.