Tesla looks back and looks ahead at Model 3

Tesla’s Model 3 electric car was the focus of today’s chatter in the wake of the company’s quarterly earnings report, which posted revenue that was stronger than expected ($2.79 billion vs. $2.51 billion, pre-estimated by Thomson Reuters) and a loss per share that was lower than expected ($1.33 vs. $1.82 pre-estimated). In the wake of last week’s first 30 Model 3 deliveries, Tesla said 1,800 net reservations are coming in daily. Tesla CEO Elon Musk said the net backlog stands at 455,000 reservations, with 63,000 would-be buyers canceling their reservations (and getting their deposit back).

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By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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