“I think our core business is actually doing quite well,” Mr. Musk said in a conference call with analysts. Steady growth in the car business has made it possible for Mr. Musk to broaden his reach into related industries. Advertisement Continue reading the main storyIn addition, Mr. Musk recently revealed plans to expand Tesla’s product lineup in the future to include electric trucks and buses. Mr. Musk and Tesla have said Autopilot is a lifesaving technology and have resisted calls by critics, including the magazine Consumer Reports, to disable the system. How that money is spent is critical to Mr. Musk meeting his production targets, and satisfying the more than 300,000 preorders for the Model 3.

Source: New York Times August 03, 2016 23:52 UTC