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)


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

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…

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