In a widely released email, Musk writes: "We are about to have the most wonderful quarter in our history, building and delivering more than twice as many cars as we did last quarter".
Musk has made it clear that increasing production and getting cars into the hands of owners is a priority for the company this quarter.
In Guillen, 46, Tesla has promoted a skilled multitasker who's proven able to operate at the breakneck speed his abrasive boss demands.
"Musk is not your typical CEO", Sacconaghi wrote. "We now see the near-term risk-reward for Tesla as relatively skewed to the upside, given the potential for the stock to revert towards the middle of its $270 to $370 range", the analyst wrote. Analysts at Baird, meanwhile, reiterated their connected of a take care of ranking on the stock and named it a "fresh use", announcing "solid fundamentals might perchance perchance perchance simply composed force shares elevated", with merchants underestimating ends in the 2d 1/2 of the yr.
Despite being optimistic in the short run, Sacconaghi still questioned Tesla's ability to sustain its profitability for its Model 3 vehicle.
But recent moves show they are keen to get as many Teslas on the road as possible. Tesla's head of engineering also left unexpectedly. Joseph recalls that Guillen typically arrived at the office by 6 a.m. and worked late into the evening.
"I think quality has to be their top priority", he said. "He would be on a Webex call, he'd be working on these detailed spreadsheets, he'd be sending emails, and it would all be extremely precise".
Guillen previously headed up Tesla's truck program and worldwide sales and service. "The spreadsheets would become data that he would pass up to Elon every night", Joseph said. Crystal Guardado, a single mother, worked at Tesla's Fremont, California, factory for four months. At Daimler, he led their most successful semi truck program ever.
Tesla shares climbed almost 9 percent on Monday as investors reacted to Elon Musk on Friday evening predicting "the most wonderful quarter in our history". Visit MarketWatch.com for more information on this news.
Among the news Friday, was that Tesla's accounting chief, Dave Morton, resigned. Though Guillen is not a COO, auto operations remain the bulk of Tesla's business, meaning his new role will loom large.
Tesla dropped Tuesday after being downgraded by Nomura Instinet, which was formerly one of the most bullish firms on Wall Street. The growth, Musk said, represents "the most mind-blowing growth in the history of the automotive industry".