Everything else from the Tesla earnings call
Tesla missed analyst expectations and posted an earnings loss on Wednesday for its fourth quarter, but investors seem pleased nonetheless—its stock price going up 2% up in after-hours trading because its new mass-market model is still on track. Here's what else Elon Musk's electric car company revealed:
- CFO Jason Wheeler is leaving the company and will be replaced by former Tesla CFO Deepak Ahuja. Wheeler said he's been itching to work in public policypolicy and is leaving to do just that.
- Tesla could soon kickoff work on up to three new battery-manufacturing Gigafactories, which will bring its total to five (one is already in Nevada, and the second will be the Tesla Solar plant in New York). The company said it expects to finalize the locations later this year.
- Musk said he told Donald Trump's administration that if it wants to get rid of energy subsidies, it should do so for both fossil fuels and clean energies.