Scalper1 News
The usually forthcoming Tesla Motors (TSLA) is keeping some big secrets. On a conference call with analysts late Thursday, Tesla CEO Elon Musk hinted at some surprises ahead from the high-end electric carmaker. “In the past, we’ve shown all of our cards. So people have kind of gotten used to us showing all of our cards,” Musk said. “We’re not currently showing all our cards.” Musk’s comments were made when asked to discuss the company’s heavy investment in research and development and capital expenditures. “Our capex and R&D numbers are better than they appear because there are things you don’t know about,” Musk said. Tesla’s ramp-up of capital expenditures and R&D pinched the company’s profitability in the second quarter. Late Thursday, Tesla reported Q2 results that beat Wall Street’s targets. The Palo Alto, Calif.-based company said its sales rose 55% from the June quarter last year… Scalper1 News
Scalper1 News