In a new blog post, Musk predicted that the electric-car maker would build on its second-quarter success and have "the most incredible quarter in our history, building and delivering more than twice as many cars as we did last quarter".
Shares of the company, which closed up 8.5 per cent at $285.50 on Monday after two brokerages said it could meet its production targets for the second half of the year, fell almost 2 per cent before the bell on Tuesday.
Nomura Instinet said Tesla remains "positioned to deliver unprecedented revenue growth" because its control of the supply chain and battery manufacturing technology places it ahead of other companies developing electric cars.
The automaker will drop two of the seven colors for all three of its models in which they have been offered from its regular build menu, leaving obsidian black and metallic silver only as special-order options.
Musk started his career as the CEO of PayPal in the late 90's and is now currently the founder, CEO, and CTO of SpaceX, as well as CEO of Tesla, Inc.
The good news is that Tesla is rapidly ramping up Model 3 production, which could take financial pressure off the company.
‘Plaid Shirt Guy’ Draws Attention For Facial Expressions At Trump Rally
It includes news footage saying Tester helped write the bills, side by side with images of Trump praising their passage. I wasn't clapping [when I disagreed with things he said]. "Those faces were completely genuine".
David Morton, Tesla's chief accounting officer, resigned within hours of Musk's antics on Rogan's podcast, citing the company's "level of public attention".
Even before Musk's surprise tweet that he had funding "secured" for a go-private deal, Tesla had been under scrutiny from investors, analysts and short-sellers as it works to hit production targets and slow its cash burn.
The only forecast Tesla had given previously for the third quarter was that it would produce 50,000 to 55,000 Model 3s.
On Monday, however, Tesla's stock bounced back after two positive analyst reports.
"With the launch of the Model 3, we saw that consumers were willing to forego compelling alternatives despite extended wait times and a premium price point".
Tesla now offers seven colors for its vehicles that include top variant Model S, mid level Model X and its most affordable sedan Model 3.
This morning, however, it seems the Tesla stock has rebounded and is trading around what it was before the smoking news was released. The Motley Fool owns shares of and recommends Tesla.