Tesla on Wednesday released its fourth quarter earnings results, and Chairman and CEO Elon Musk said that the highly anticipated $35,000 Model 3 and solar roofs will launch in the second half of 2017.
At the end of last year, the company had delivered 76,230 cars to customers, lower than its goal of 80,000 to 90,000. Musk anticipates that 47,000 to 50,000 Model S and Model X vehicles combined will be delivered to customers combined during the first half of the year. “We are on track to generate $500M in cash (including growth of non-recourse project financing) by 2019,” he wrote.
Here are other interesting things we learned from the earnings results:
Related: If You Crash Your Tesla to Save a Life, Elon Musk Might Foot the Bill
1. Leadership change
The company announced that Tesla CFO Jason Wheeler will be leaving the company in April and will be replaced by his predecessor, Deepak Ahuja, who took on the job in 2008 and left in 2015.
Wheeler said of his departure in…