Meanwhile, production continues to increase for the Model S and Model X, but the letter ended by looking forward to Tesla's next product launch: an electric semi-truck. Until then, it's all about the Model 3, and Tesla says that the $35,000 version will start shipping in November, while dual motor AWD versions will start to ship in the US early next year. Outside the US, you'll have to wait until late 2018 for left-hand drive versions, and 2019 for countries requiring right-hand drive models.

The company's earnings call is scheduled to start at 5:30 PM ET, and if there's anything interesting then we will update this post.

Update: On the call Elon Musk mentioned that there were 518,000 gross pre-orders for the Model 3, however including cancellations, at last count its net pre-order number stands at 455,000. He also informed investors that the planned Model Y crossover will in fact use many components from the Model 3, which should make it easier to build.