Key Events in the Life of Tesla (NASDAQ:TSLA)

Key Events in the Life of Tesla (NASDAQ:TSLA)

Key Events in the Life of Tesla (NASDAQ:TSLA)

$TSLA

Here are some of the key events in Tesla Inc’s (NASDAQ:TSLA) turbulent history as a public company.

June 29, 2010 – Chief Executive Elon Musk and team ring the Nasdaq opening bell as Tesla becomes the 1st car company to go public in the United States since Ford Motor Co in Y 1956.

June 22, 2012 – Tesla delivers the all-electric M3 S to its 1st customers at Tesla’s factory in Fremont, California.

May 8, 2013 – Tesla reports its 1st Quarterly profit. In October 2016, it reports its only other Quarterly profit to date.

May 4, 2016 – Musk surprises investors by announcing plans that are 2 years ahead of schedule to build 500,000 vehicles in 2018, about 6X its 2016 production level – and 1 million vehicles in 2020.

June 21, 2016 – Tesla announces its plan to buy Solar City, a solar energy system company in which Musk holds a stake, for $2.9-B

July 28, 2017 – Musk hands over the virtually hand made 1st Model 3s to employee buyers, announcing over half a million advance reservations for the new electric sedan starting at $35,000. Musk anticipates “at least 6 months of manufacturing hell.”

Nov. 1, 2017 – Tesla pushes back its target to build 5,000 Model 3s per week to Q-1 of Y 2018 from an original target of December due to “production bottlenecks” aka “production Hell.”

Jan. 3, 2018 – Tesla pushes back its production target for the M3 sedan for the 2nd time, now to the end Q-2 of Y  2018.

April 3, 2018 – Musk says Tesla will not need to raise more capital in Y 2018. Shares spike as much as 6.9%.

Tesla Inc355.49
TSLA.ONASDAQ
+3.04(+0.86%)
TSLA.O

May 2, 2018 – Tesla shares slump after Musk cuts off analysts on a conference call asking about company finances, criticizing their “boring, bonehead” questions. Tesla loses $2-B in stock market value.

July 1, 2018 – Tesla factory workers produce more than 5,000 Model 3 sedans during the last week of June, hitting Musk’s goal.

Aug. 1, 2018 – Tesla reports its biggest-ever loss but shares rise on Musk’s claims of positive cash flow and profit in 2-H of 2018, and signs of more consistent M3 production.

Aug. 7, 2018 – Musk surprises investors by using Twitter to announce he is considering taking Tesla private at $420 per share, adding ‘420’ “Funding secured.”

HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Neutral (0.08) Neutral (0.07) Neutral (0.15) Neutral (0.03)

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH