Musk Declares Tesla Free From Factory Hell With Targets Intact

August 4, 2016 3:05 AM

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After a tumultuous summer at Tesla Motors Inc., Elon Musk spent most of his time on an earnings conference call assuring investors that his grand plans are intact despite missing expectations for sales and earnings in the quarter.

Musk, whose financial goals often fall short and whose new models arrive late, said that Tesla is on track to release the much-awaited Model 3 sedan in late 2017 and to produce 500,000 cars in 2018. The company is even investing more efficiently to conserve cash.

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