less's brit in carter driscoll, who has a buy rating. er, great to have you. >> thank you very much for having me. >> your eps estimates are also pretty much on the low end of the street. >> in near term they are. >> should we be concerned about that? >>. >> no deliveries are pretty much right in line. for the model x introduction. model x has delayed a couple times, i don't think that should have been a surprise for the street. i think they'll be able to deliver. my expectations for next year are pretty much in line with the street. you're buying this stock for the giga factory. and for the model 3 eventually down the road. it's still going to be a small percentage of their total revenue and profit contribution. >> but doesn't that then mean if you believe in the giga factory, all the r&d costs, this company will start to be more profitable? that to me is the major risk, that and competition. what do you see on costs and r&d, for all the people who say you're out of the woods? >> no, that's a fair point. i think if you look at the fact t

let's get some more reaction of carter driscoll and john thompson. listen, carter, first to you. we heard from phil is basically tesla's going to deliver fewer cars this year, the model x isn't a reality until maybe later into next year and yet shares are up almost 3% after hours. why do you think that is? >> i think there's an expectation that the model x would be delayed by about a quarter. i think consistent with the company wanting to put the best product possible on the market. if you recall, the model s itself delayed over a year and i think the company is smart to put a luxury vehicle exceeding what people expect on the market on the time frame so it's not really surprising and i think baked into the stock. as far as the fourth quarter this year, again, i think it's right on what people are expecting. somewhere near 35,000. they're not demand constrained. they're supply constrained and managing expectations at this point. >> you're sticking, john, carter, i'm sorry, to the $300 target here? >> and a buy on the stock, that's correct. >> john? >> you know, i don't think the