“Given that there is a lot happening in Q1, and we are taking a lot of one time charges, and there are a lot of challenges getting cars to China and Europe, we do not expect to be profitable in Q1. We do think that profitability in Q2 is likely,” he added.
Tesla Model 3 is now available
On Thursday, Tesla also announced that its standard Model 3 is now available for $35,000. The electric car offers 220 miles of range, a top speed of 130 mph, and 0-60 mph acceleration of 5.6 seconds.
The company said the Model 3 “is built to achieve the same perfect 5-star safety rating” even if its price is lower.
Tesla also introduced the Model 3 Standard Range plus for $37,000 before incentives. The electric car 240 miles of range, a top speed of 140 mph, 0-60 mph acceleration of just 5.3 seconds. It also offers the most premium interior features.
