Tesla Motors' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Executives

Jeff Evanson – VP, IR

Elon Musk – Chairman and CEO

Deepak Ahuja – COO

Analysts

Adam Jonas – Morgan Stanley

Dan Galves – Deutsche Bank

Andrea James – Dougherty & Company

Himanshu Patel – JPMorgan

Carter Driscoll – Capstone Investments

Steve Milunovich – Bank of America Merrill Lynch

Aditya Oberoi – Goldman Sachs

Ben Kallo – Robert W. Baird

Ben Rose – Battle Road Research

Brian Russell – Russell Group

Tesla Motors, Inc. ( TSLA ) Q3 2011 Earnings Call November 2, 2011 5:30 PM ET

Operator

Good day, ladies and gentlemen, and welcome to the Tesla Motors Incorporated Third Quarter 2011 Financial Results and Q&A Conference Call. At this time, all participants are in a listen-only mode. (Operator Instructions) As a reminder, today’s conference call is being recorded. (Operator Instructions) Now, I would like to turn the conference over to your host Jeff Evanson.

Jeff Evanson

Thank you, Matthew, and good afternoon everyone. Welcome to Tesla Motors’ third quarter 2011 financial results Q&A session. I’m joined today by Elon Musk, Tesla’s Chairman, CEO and Chief Product Architect, and Deepak Ahuja, Tesla’s Chief Operating Officer.

We announced our financial results for the third quarter shortly after 1:00 pm Pacific Time today. The shareholder letter, financial results and webcast of this Q&A session are all available at the company’s Investor Relations website at ir.teslamotors.com. Like last quarter, this call will consist of some brief remarks by Elon, followed by time for questions and answers. We will conduct the Q&A session live. So, if you have not already done so, please log in now if you wish to ask a question.

During the course of this call, we may discuss our business outlook and make forward-looking statements. Such statements are only predictions based on management’s current expectations. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent Form 10-Q filed with the SEC.

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Tesla Motors' CEO Discusses Q3 2011 Results - Earnings Call Transcript

And then I guess if you guys could speak a little bit to the kind of pace of reservation book building on the Model S. It looks like you're doing about 300, 350 reservation for month here. Is that- is there something to the pace of that that we should



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