Tesla expects to volume production of Model 3 by September

The Palo Alto, California, based company was reporting its first earnings after the $2 billion acquisition of renewable energy company SolarCity (NASDAQ:SCTY). Because the numbers only include performance since the merger, they had little effect on the totals.

While Tesla has already started installing manufacturing equipment for the Model 3 at its Fremont plant and its Nevada Gigafactory, the company is also try to expand production of its two existing auto models, the Model S sedan and Model X SUV.

As if to lend weight to that information, Electrek reported on February 20 a set of leaks of what could be the Model 3 chassis and a glimpse of the car’s production facility.

The vehicle takes up to 12 hours to be fully recharged, while the government subsidies for green cars requires a full recharge under 10 hours.

All that comes on the heels of a Q3 in which the company posted a rare profitable quarter that CEO Elon Musk called Tesla’s “best quarter ever”.

Tesla has also reported a rare profit in the previous quarter after CEO Elon Musk convinced his employees to slash costs and deliver every auto the company could possibly can. Small buses, trucks and a small SUV may be added to the mix of products, the company has said.

While looking at the Stock’s Performance, Tesla Motors, Inc. now shows a Weekly Performance of 1.11%, where Monthly Performance is 11.68%, Quarterly performance is 48.01%, 6 Months performance is 21.8% and yearly performance percentage is 63.42%. It’s possible that surge was in part down to Tesla’s decision to switch Supercharging to a paid plan rather than an inclusive benefit for cars ordered after mid-January.

Automotive and financial analysts gave somewhat skeptic reactions. Cash flow is the key metric on everyone’s mind.

While Tesla beat expectations for its quarterly results, concerns will still be rampant about its constant cash bleeding, as evidenced by its $448m loss from operating activities in the period.

SolarCity has always been considered a chancy proposition. The Gigafactories will also function as a production ground for batteries that will see action in the energy storage business. The biggest holder now is Mr. Jeffrey B. Straubel who owns 326,237 shares (0.20% of those outstanding), whilst Mr. Kimbal Musk holds 168,046 (0.10% of shares outstanding) and Mr. Antonio J. Gracias holds 90,993 (0.06% of shares outstanding). Mark Spiegel of Stanphyl Capital Management is in that camp.

Tesla Motors Inc opened for trading at $275.45 and hit $281.4 on the upside on Tuesday, eventually ending the session at $277.39, with a gain of 1.90% or 5.16 points.