TradingKey – On Thursday, October 15, Tesla (NASDAQ:TSLA) shares fell 1.29% to finish the day at $362.44, while the S&P 500 rose 0.33% on the day. Shares dipped as low as $355.23 during the day. After the close, The Wall Street Journal reported that Mike Snyder, Tesla’s head of energy, was leaving the company. In the evening, Tesla revealed its new version of the Roadster.

My main point is simple. I think volume is no longer Tesla’s biggest problem. I think the main problem is profitability. Q3 deliveries beat estimates for the second consecutive quarter, but the earnings report on October 21 will show if that delivered volume results in profits and cash flow with capital expenditures for the year expected to exceed $25 billion.