Tesla released its third quarter 2014 financial results Wednesday. According to The Wall Street Journal, the automaker beat analyst expectations on revenue and earnings: Non-GAAP revenue was $932 million for the quarter, up 55 percent from a year ago, while GAAP revenue was $852 million.

On the flip side of the coin, the automaker decreased its 2014 Model S deliveries from 35,000 to 33,000 vehicles.  According to Forbes, the diminished number of cars for the fourth quarter will result in lower revenue and profitability. Forbes says that revenue is likely to be approximately $1.28 billion versus Wall Street expectations of $1.39 billion.

During an earnings call Wednesday, Tesla CEO Elon Musk answered a variety of questions about the company’s achievements, challenges and vision for the future.

Due to the projected decrease in total year Model S deliveries, Musk was asked whether Tesla has a problem with demand.

“It’s not a question of demand,” the tech entrepreneur said in response, according to Business Insider. “Demand is not our issue, production is our issue. We have more demand than we can address and levers we can pull to increase demand, and we’re not doing it.”

“It’s worth saying that making one of something is quite easy,” he added. “Making lots of something consistently that’s going to last a long time is extremely hard. In fact, it is way harder to make the machine that makes the machine that it is to make the machine in the first place.”

The Tesla CEO, who heads SpaceX and founded Paypal, also expressed his frustration at the battery industry.

“The battery industry has to have more B.S. in it than any industry I’ve ever seen,” Musk said.

Tesla decided earlier this year, TIME reports, that the automaker will build a $5 billion battery plant, known as the Gigafactory, in Nevada. The company hopes to be churning out lithium-ion battery cells on a massive scale from the Gigafactory by 2020.