Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode. First-quarter

"We're updating our future vehicle lineup to accelerate the launch of our low-cost vehicles in a more capex-efficient way," Tesla said.

After being down more than 40% ahead of earnings, Tesla stock is ripping higher on the announcement production of cheaper cars will begin sooner than expected.