Musk spoke of the lesson in finding the right balance between manual and robotic manufacturing, an issue with which he went public in recent weeks.
One of the more interesting things discussed on the call was Musk's vision for Tesla as it relates to full autonomy.
Shares in Tesla, which is based in Palo Alto, California, fell more than 4 percent in after-hours trading after the earnings report.
In an effort to stave off concerns over Tesla's ability to finally meet production demands for its much-maligned Model 3 launch, CEO Elon Musk and the company are promising a massive hiring spree in order to meet demand.
"I think we're really well-positioned", Musk said, for having "ultimately millions of shared, autonomous electric vehicles".
He elaborated on his point Wednesday, explaining that part of the delay was caused by a robot, which was created to install sound-buffering materials on the Model 3's battery pack. Over the last five years, Tesla has returned about 450% to shareholders, versus the S&P 500's return of 66%.
And then, after further testing, Musk said Tesla found the fiberglass mat wasn't even necessary. Buyers plunk down $1,000 to reserve a Model 3.
Some 400,000 people pre-ordered the Model 3 when it was first announced last June and considering Tesla only managed to produce 2,270 Model 3s last month, you don't need a degree in maths to understand the mountain that it has yet to climb.
Product quality: Solving the Model 3 production doesn't just mean producing more.
Moody's Investor Service downgraded Tesla's debt into junk territory back in March, warning at the time that Tesla didn't have cash to cover $3.7 billion for normal operations, capital expenses and debt that come due early next year.
"What percentage of your reservations have taken the next step to configure" their Model 3s, Spak asked. Sorry. These questions are so dry.
During the call, Musk also elaborated on the Model 3's trend towards being the dominant midsize luxury sedan in terms of sales in the U.S., besting competitors like the BMW 3-Series and the Mercedes-Benz C-Class.
It's been quite a year for Tesla Inc (NASDAQ:TSLA) and Tesla stock, bouncing between a 52-week high of $389.61 and a $244.59 low, a massive $140 spread.
I'm expecting hostility and frayed nerves, so bring the popcorn. The business is now producing around 2,000 of the vehicles a week versus a targeted 5,000.
But Model 3 production still isn't near the level of 5,000 per week that Musk promised a year ago.
He was on a conference call responding to questions about Tesla's first-quarter results, which showed the company made a record $710m (£523m) net loss and tore through $745.4m (£549m) in cash in the first quarter of the year.
To achieve those Model 3 production numbers, Tesla will shut down its line again this quarter to make modifications, according Mr Musk. The company has a market capitalization of $49,645.56, a P/E ratio of -26.23 and a beta of 1.11.
LeBron averaged 45.0 points per over the last three home games of the series against IN and posted a triple-double IN the opener. The Pacers came into the playoffs extremely confident, and their confidence has allowed them to push the Cavaliers to the brink.
The plan now, per Ryan Pace , is to have Daniels - a college center - work at left guard while keeping Cody Whitehair at center. But I'm blessed that they did, because I was waiting on somebody to call and I'm glad they did.
When she came to, she said Cosby was penetrating her vagina with his fingers, groping her breasts and making her masturbate him. His lawyer known as Constand a "con artist" who levelled false accusations in opposition to Cosby so she might sue him.
It also plans to use Red Fort for cultural events and concerts in order to promote greater tourist interest in it. The basic and advanced amenities of the tourist destinations would be provided by them.
The BJP has demanded that the Commission "act decisively and firmly against such attempts of the Congress party". Development, fast-paced development and all round development is the agenda of PM Modi and people of Karnataka.
Whatever be the noble thought of the man, he found himself under attack from the predator who had nearly gone for the kill. The 67-year-old man mauled by a huge male lion in South Africa is the wildlife park's British owner, it has been revealed.
If a government or company asked WhatsApp to turn over your messages, the company wouldn't be able to, since it cannot read them. The Facebook-Cambridge Analytica scandal cost Facebook an unknown number of subscribers.
Boston controlled the quarter and managed to extend their lead to 17-points, 87-70, with 40.9 seconds left in the quarter. Veteran Al Horford added 26 points as the C's picked up the slack for Jaylen Brown who sat out with the hamstring injury.
By the evening, the Duke and Duchess of Cambridge appeared on the steps of the Lindo Wing with their still unnamed son. The birth has also brought some speculation that the Duke of York may remarry his former wife, Sarah, Duchess of York.
Another visitor to the memorial, Nil Adjei said he used to live in the area years ago and was drawn to the site after the attack. Police have interviewed close to 200 witnesses and sorted through dozens of photos and video evidence submitted by the public.
Khomenei: US provoking Gulf nations to confront Iran
Khamenei stressed that the U.S. forces should leave the Middle East as they are the cause of insecurity in the region. Secretary of State Mike Pompeo , in Riyadh , urged unity among Persian Gulf countries in confronting Iran.
JEE Mains result out: Here's how you can download your result
Another topper, R.Raghu Raman, also scored 335 out of 360 marks, but due to low marks in the Maths section he got the 27th rank. A total of 10,43,739 students have appeared for the JEE Main examination, out of which 44,488 candidates are from Odisha.
Bills GM: Allen begins as No. 3 QB
If I want to make that transition from college to the National Football League , it's basically like switching a position. Thursday night they traded two second round picks to select who they believe will be their franchise quarterback .