Tesla’s Wall Street hype train hits a speed bump
https://techcrunch.com/2017/11/01/tesla-says-it-expects-to-spend-1b-in-the-final-quarter-of-the-year-amid-model-3-push/
Tesla’s march toward its goal of being able to produce 5,000 Model 3 vehicles per week is a very expensive prospect — but the company, which says it will have $1 billion in capital expenditures for the fourth quarter this year, says it basically has enough money to hit that target.
Despite that, Tesla wasn’t able to completely sate Wall Street’s concerns about the company’s ability to hit those production targets. After missing some estimates Wall Street set for the company’s earnings by quite a bit (you can find the full numbers below), the company is seeing some pressure on its stock today after largely getting a pass for its activities as it looks to become a massive automaker with the aura of an exciting tech company.