Saudi’s PIF in Talks to Invest in Tesla Rival, Lucid $TSLA, $SFTBY, $ORCL Tesla’s (NASDAQ:TSLA) CEO Elon Musk, 47 anni, once said PIF could help him fund the ‘420’ $72-B deal to take his fledgling EV maker private. PIF, the Saudi Arabian sovereign wealth fund is in late stage talks to invest in Tesla rival […]
Huffington Intervenes, Tells Musk to Change His Way of Working $TSLA, $F Tesla’s (NASDAQ:TSLA) CEO Elon Musk, responding to Uber Technologies Inc. board member Arianna Huffington urging him to change the way he works, ruled out taking a different approach. Mr, Musk responded, “Ford and Tesla are the only 2 American car companies to avoid […]
Tesla (NASDAQ:TSLA) Bears in Control $TSLA Investors betting that Tesla (NASDAQ:TSLA) stock will lose value, aka Short seller or “shorts” have made $1.2-B+ since CEO Elon Musk 7 August when he 1st Tweeted that fateful ‘420’ Tweet about taking the company private, “financing secured”. Much of that gainer came Friday, after the NY-T’s published a revealing, […]
Musk is Setting the Stage for his Tesla “Poor Me” Defense Musk knows trouble is coming and he is laying the ground work to defend any legal proceedings. Tesla shares took a pounding Friday amid fresh fears about the future of the electric carmaker after a wide-ranging interview with chief executive Elon Musk in which […]
Musk Builds Excuse for Tesla Tweet Elon Musk has claimed exhaustion from overwork as he deals with the aftermath of a market-rattling tweet on taking Tesla private — a mess that worsened with reports that US regulators subpoenaed him over the statement. “This past year has been the most difficult and painful year of my […]
Musk Under Stress, Sent Out His ‘420’ Tweet While Driving on 7 August The going-private ‘420’ Tweet has set off a firestorm, causing Tesla’s stock spike $TSLA Tesla’s (NASDAQ:TSLA) CEO Elon Musk said no one saw or reviewed his ‘420’ Tweet about the plan to take Tesla private before he posted it according to the […]
Tesla is all Trouble A former Tesla technician took to Twitter to detail what he says is extensive evidence of malpractice and waste at the electric carmaker’s factories, and potentially deadly battery defects in its cars. Martin Tripp is a former Tesla technician who used to work in the electric carmaker’s dystopian-sounding Gigafactory 1 battery […]
Elon Musk’s ‘420’ Surprise for Tesla (NASDAQ:TSLA): No Bids, No Offers $TSLA Tesla’s ($TSLA) board named a special committee of 3 friendly directors Tuesday to decide what to do about CEO Elon Musk’soffer to take the fledgling EV maker private at a surprising 420/share. The board announced the move in Tesla’s 1st filing with the […]
Tesla (NASDAQ:TSLA) CEO Musk Struggling for Clarity in ‘420’ Surprise $TSLA Tesla Inc. (NASDAQ:TSLA)Chief Executive Elon Musk said Monday a 31 July meeting with Saudi Arabia’s sovereign wealth fund convinced him he could secure funding to take the EV-maker private, but that he was still talking to the fund and other investors as he seeks […]
Major Luxury Auto Makers EVs Coming to ‘Kill’ Tesla (NASDAQ:TSLA) $TSLA A wave of Tesla killers is about to roll off the production lines of premium European carmakers including Jaguar, Audi, Mercedes-Benz and BMW, starting now. Count it as another headache for Tesla (NASDAQ:TSLA) CEO Elon Musk, whose tweets about taking the company private are reportedly under […]
Saudi’s PIF Has No Interest in Banking Elon Musk in Tesla (NASDAQ:TSLA) Buyout $TSLA PIF’s reluctance will add to the pressure on CEO Musk to produce details of his financing plan. Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s proposed ‘420’ $72-B deal […]
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 […]
Tesla’s (NASDAQ:TSLA) CEO, Elon Musk Sued For Fraud $TSLA Friday, Tesla Inc (NASDAQ:TSLA) and its CEL, Elon Musk were sued by an investor who said they fraudulently engineered a scheme to “completely decimate” short-sellers, through Mr. Musk’s proposal to take the EV company private. Short-sellers borrow shares they believe are overpriced, sell them, and then […]
Tesla (NASDAQ:TSLA) Short-Sellers Back in Force $TSLA The number of Tesla Inc. (NASDAQ:TSLA) shares sold short has rebounded and are now higher than before CEO Elon Musk proposed Tuesday taking the EV maker private, according to data from financial technology and analytics firm S3 Partners. As of Thursday, 34.75-M Tesla shares were sold short, up […]
Where is the ‘420’ Money Coming from Elon? $TSLA Tesla’s (NASDAQ:TSLA) CEO Elon Musk still has not said where the Money to take Tesla private at ‘420’ would come from. Tuesday, Elon Musk did not just say he was considering taking Tesla private Tuesday. He said the funding to do so was “secured.” No one knows […]
Musk’s Plan to Take Tesla (NASDAQ:TSLA) Private Does Not Make Sense $TSLA The SpaceX Model May Offer a Clue as to Musk’s ‘420’ Tweet to Take Tesla Private Elon Musk’s plan to take Tesla (NASDAQ:TSLA) private does not make sense because it was poorly communicated and calls for a Ultra high valuation The suggestion that […]
SEC Inquires into Tesla (NASDAQ:TSLA) about Musk’s ‘420’ Tweet on Taking Company Private $TSLA CEO Musk’s ‘420’ declaration in a nutshell The US SEC has made an inquiry into Tesla (NASDAQ:TSLA) about whether 1 of Elon Musk’s Tweets regarding the possibility of taking the company private was truthful The US SEC is also looking into why Mr. […]
“Boring bonehead questions are not cool. Next?” Tesla chief Elon Musk complained in May, shortly before shutting down questions from Wall Street. The now-infamous conference call in a nutshell represents the unorthodox approach of Musk, whose brazen aspirations to remake the transportation universe and confrontational approach to opponents has aroused both passionate support and furious […]
Tesla’s board of directors said Wednesday it will evaluate chief executive Elon Musk’s proposal to take the electric car maker private. Given Musk is in total control of the board the answer is a forgone conclusion. Going private will save Tesla facing massive conversions and a public battle with debtors should one emerge, but it […]
Tesla’s (NASDAQ:TSLA) CEO Elon Musk is in Deep Legal Peril Over ‘420’ Buyout Tweet $TSLA. Tesla’s (NASDAQ:TSLA) CEO Elon Musk could be hit with civil and criminal penalties if he did not shore up the $72-B in financing before Tweeting about possibly going private with his auto company Former Securities and Exchange Commission Chairman Harvey Pitt told the business […]
Tesla. Inc.’s (NASDAQ:TSLA) Has Major Trouble Inside Its New York Solar Plant $TSLA Tesla Inc’s (NASDAQ:TSLA) production of solar roof tiles is being delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, 8 former and current employees of both companies […]
Tesla (NASDAQ:TSLA) Trading Halted on Musk ‘420’ Comments $TSLA Tesla, Inc’s (NASDAQ:TSLA) CEO Elon Musk made a surprising proposal to take the fledgling EV maker private has prompted regulators to suspend trading in the company’s stock. The unusual step taken Tuesday afternoon came shortly after Mr. Musk dropped a bombshell on Twitter by announcing he […]
Tesla Fails to Deliver Again $TSLA “I’ve had the car for eight months and it ran fine for four days,” says Yngve Solberg, who like many Norwegians is fed up with the slew of problems his Tesla X has given him. Tesla has sold more cars per capita in Norway than any other country in […]
Elon Musk and Tesla (NASDAQ:TSLA) Have Made 100’s of Millions from California’s EV Mandate $TSLA The Trump Administration proposed rolling back Hussein Obama-era fuel economy standards, including withdrawing California’s authority to regulate carbon dioxide emissions from cars and mandate EVs The decision not only sets up the White House for another legal battle with California, […]
TESLA Sell the Rally $TSLA Electric automaker Tesla on Wednesday reported a huge second-quarter loss of $717.5 million — worse than analysts expected — but its share price rose on news the company was on track to become profitable this year. The company has faced multiple controversies in recent months, many of them stemming from […]
Musk Burns $739.5-M of Tesla’s (NSADAQ:TSLA) Cash to Record Q-2 Loss $TSLA Fledgling EV maker, Tesla, Inc, (NASDAQ:TSLA) burned $739.5-M in cash last Quarter, a company record $717.5-M net loss as it rolled out a few more electric cars. But CEO Elon Musk reiterated a promise to post net profits in Q’s 3 and 4 on […]
Elon Musk Tesla’s (NASDAQ:TSLA) ‘Rock Star’ Manager “Loosing Groopies” $TSLA The ‘Rentier’ EV firm has hit trouble, and Elon Musk must explain to investors what is going on there We all recall the last time Mr. Musk addressed the analysts who follow Tesla, his electric car company, he was very angry and rude. “Boring, boneheaded questions […]
Shares in electric car maker Tesla dipped after reports it asked suppliers for a cashback to become profitable on paper. The Wall Street Journal sites a Tesla memo, in which the carmaker asked its major supplier to refund some money Tesla had paid earlier. Tesla characterized it as a re-investment to continue the long-term growth […]
Tesla is Imploding as CEO has Tantrum $TSLA Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue. Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.82 on news that Musk could […]
Elon Musk Failed to Cash in on Thai Cave Incident Elon Musk has crashed and burned again, this time he is being ridiculed online for his highly-publicized attempts to cash in on the rescue of trapped Thai boys in a music-playing mini-submarine – which local authorities deemed “impractical.” Thai Navy SEALs have just completed the […]
Tesla’s (NASDAQ:TSLA) M3 Production Numbers in Question $TSLA Former Tesla (NASDAQ:TSLA) employee Martin Tripp has filed a whistleblower complaint with the SEC in which he alleges the company lied about Model 3 production numbers and put unsafe batteries in its EVs. According to the report the complaint repeats claims Mr. Tripp had previously made to BI, […]
Tesla (NASDAQ:TSLA) is Struggling $TSLA Electric car manufacturer Tesla has failed another independent braking test. Officials for the company don’t agree with the results. The test was made in Luxembourg recently. The Luxembourg testing and standardization authority (ILNAS) put a Model S and a Volvo S90 through an emergency braking test. As Luxembourg Wort reports, […]
Wall Street Pulls Support from Tesla (NASDAQ:TSLA) $TSLA Key Indicators Turning Very Bearish Tesla’s (NASDAQ:TSLA) CEO Elon Musk is on Twitter scolding news organizations for quoting analysts with a Bearish view of his struggling EV maker. Of the 31 Analysts covering the stock, 10 say to sell, or 32%, meaning the Bears are coming out […]
Tesla’s (NASDAQ:TSLA) Elon Musk Vs the Market and the Media $TSLA Tesla Inc(NASDAQ:TSLA) dove 13% Monday’s highs after the nascent EV maker released Q-2 production figures and weathered unflattering press tied to the departure of its chief engineer and the hurry up pains taken to achieve a hyped Quarterly rollover rate. CEO Elon Musk responded […]
Tesla (NASDAQ:TSLA) Demanding More Deposit Money on M3 Orders $TSLA This week, nascent EV maker, Tesla (NASDAQ:TSLA) sent out e-Mails to all reservation holders of its M3 sedan to confirm their orders and configure their vehicles and send in another $2,500. This comes as CEO Elon Musk is scrambling to drive up production of the […]
Tesla (NASDAQ:TSLA) Not Producing M3’s in Numbers Musk Says $TSLA Elon Musk is trying to build cars in tents! Tesla Inc. (NASDAQ:TSLA) is not producing enough Model 3s per shift to reach the 5,000/week target that CEO Elon Musk said it would reach by Saturday, 3 line workers at the company’s Fremont, California, assembly plant […]
Goldman Sachs Very Bearish Tesla (NASDAQ:TSLA), Musk Bristles… $TSLA Elon Musk says Tesla (NASDAQ:TSLA) bears like Goldman Sachs are in for a ‘rude awakening’ Goldman Sachs raised its Model 3 production estimates Monday, but the bank is Very Bearish Tesla. CEO Elon Musk sent a news article about the analyst note to the entire company. “They […]
A fire that has briefly disrupted operations at a Tesla plant in Fremont, California, has prompted the car-maker’s CEO Elon Musk to send a cryptic message, asking staff to be vigilant, in light of “another strange incident.” The internal email from Musk, first reported by CNBC, revealed that a “small” fire broke out at a […]
Tesla (NASDAQ:TSLA) Shareholders are Taking Aim at Elon Musk $TSLA, $MS Shareholder lawsuit filed in Delaware seeking class action status The lawsuit accused the board of corporate waste and Musk, the company’s CEO/COB, of unjust enrichment. Tesla (NASDAQ:TSLA) said in a statement that the lawsuit “seeks to take the power from our shareholders and instead […]
Tesla’s (NASDAQ:TSLA) Under Fire, Struggling CEO Fighting for His Life $TSLA Tesla’s (NASDAQ:TSLA) Elon Musk opened the company’s annual shareholder meeting Tuesday emotionally on the verge of tears as he said he builds its EVs with care and affection that other automakers cannot match, adding that the company’s decent into ‘production Hell’ has been hard on him […]
As Tesla’s problems pile up, some shareholders suggest ousting Elon Musk as company’s CEO. On Tuesday, major investors are meeting to challenge Musk’s grip on the electric carmaker. One of the greatest opponents to Musk is CtW Investment Group, a company that works with pension funds sponsored by unions. According to CtW, which has criticized […]
Tesla’s (NASDAQ:TSLA) Bulls Retreat $TSLA Tesla’s (NASDAQ:TSLA) Bullish sentiment has sharply shifted on the stock, and Wall Street is not likely to buy into any more pf CEO Elon Musk’s hype until August’s Quarterly earnings gives them a reason to, it they do. This means that it is time to look at a short-term Bearish […]
Tesla (NASDAQ:TSLA) Sued for “Pump & Dump” Securities Fraud $TSLA Tesla (NASDAQ:TSLA) has petitioned a federal court in San Francisco to dismiss a securities fraud lawsuit filed by shareholders, which accuses the automaker of lying about its ability to mass produce the Model 3 sedan. The lawsuit, filed in October, alleges that Tesla released false […]
Tesla (NASDAQ:TSLA):What is Musk Up to Now? $TSLA The United Auto Workers union (UAW) has filed a complaint accusing Tesla (NASDAQ:TSLA) CEO Elon Musk of illegally threatening to take away benefits from workers who join the union. The UAW is seeking to represent workers at Tesla’s facility in Fremont, California filed the complaint with the […]
Tesla’s (NASDAQ:TSLA) Elon Musk Under Fire, Investors Revolt $TSLA Last Friday, proxy adviser Institutional Shareholder Services (ISS) recommended that investors vote against Tesla (NASDAQ:TSLA) directors Antonio Gracias and James Murdoch, increasing pressure on the EV maker over their roles on its board. ISS also backed 2 shareholder proposals to be voted on at the company’s […]
Kiss of Death: Soros Buys Tesla Debt $TSLA Billionaire investor George Soros has invested in electric car maker Tesla at a time when the company is facing stock sell-off amid severe production and legal problems. Soros Fund Management invested $35 million in the convertible bonds of Tesla, which are due in March 2019, Reuters reports […]
Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes $TSLA Tesla Inc. (NASDAQ:TSLA) will halt production at its California factory for 6 days at the end of the May to work on fixes to its assembly line for its new M-3 sedan. The fledgling California EV maker previously warned of 10 days of […]
Tesla’s (NASDAQ:TSLA) Senior Management Team Ankling $TSLA, $GOOG Tesla (NASDAQ:TSLA) CEO Elon Musk declared he is “flattening the management structure to improve communication, combining functions where sensible and trimming activities that are not vital to the success of our mission” as part of a sweeping reorganization of his flagging EV manufacturing company. The revelation came […]
Tesla (NASDAQ:TSLA) Market Sours on ‘Darling’ EV Maker $TSLA Tesla Inc’s (NASDAQ:TSLA) Elon Musk’s refusal to answer “boring” Wall Street analysts questions about the EV maker’s financial condition sent shares down as much as 7% Thursday and triggered concerns about its ability to raise money in the future. Tesla’s bonds followed the shares lower and, […]
Tesla’s (NASDAQ:TSLA) CEO, Elon Musk to Employees… $TSLA For openers “First, congratulations are in order! We have now completed our 3rd full week of producing over 2000 Model 3 vehicles…. This is more than double Tesla’s weekly production rate last year and an amazing feat in the face of many challenges! It is extremely rare […]
Investigation of Tesla (NASDAQ:TSLA) Deepens $TSLA Just days before Tesla (NASDAQ:TSLA) defended its safety record this week, California began inspecting an incident involving a subcontractor who was hospitalized after a piece of factory equipment broke his jaw. California’s Division of Occupational Safety and Health (Cal/OSHA)was notified last week of a serious injury sustained by a […]
Worker Complaints Prompt Probe at Tesla’s (NASDAQ:TSLA) California Plant $TSLA CEO Elon Musk’s personal preferences were invoked as reason not to address potential hazards. California’s Division of Occupational Safety and Health has opened a new investigation into Tesla (NASDAQ:TSLA) following a report about worker protections at the company’s auto plant in Fremont, California. The state […]
Tesla’s (NASDAQ:TSLA) Elon Musk Deep in Production ‘Hell’ $TSLA In the automotive sector time is money, Mr. Musk seems to think he has lots of both, he does not! Tesla (NASDAQ:TSLA) has suspended its Model 3 assembly line in what the company was a planned production halt, the EV continues facing major production problems ramping […]
Electric car producer Tesla has become the stock investors are betting against the most. “Tesla, which was overtaken by Apple as the largest US equity short recently, is back on top of the league tables, a position it has held since March 2016,” wrote Ihor Dusaniwsky, head of research at S3 Partners, as quoted by […]
Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) $TSLA, $F Tesla Inc.’s (NASDAQ:TSLA) Model 3 production ‘Hell’ delays are now being dubbed a “time shift,” by its CEO, Elon Musk. “You’ll definitely get your car,” Mr. Musk, 46 anni, said in a TV interview Thursday. “It’s a 6-9 month time shift. That’s literally it, and three of […]
Tesla (NASDAQ:TSLA) Under Heavy Pressure to Produce, Cannot $TSLA Shares of Tesla Inc. fell again Monday ahead of the electric car maker’s announcement of Quarterly production numbers for its crucial Model 3 sedan. Shares in Elon Musk’s $50-B venture have been reeling from 3X probes into a fatal crash in California, concerns about Model 3 production […]
Tesla (NASADQ:TSLA) Investors Searching for Returns Ignore Risk, Buy Bonds $TSLA Tesla Inc. (NASDAQ:TSLA) sold $546-M of auto lease-backed bonds Thursday. The debt deal allowed Tesla to pare the risk premiums it must pay on the notes. They were sold to yield between 2.3 and 5%. Investors had at the initial offered prices put in […]
Tesla (NASDAQ:TSLA)Awards Musk $2.6-B for Failing to Make Cars $TSLA Tesla Inc. (NASDAQ:TSLA) granted it hypemeister founder a $2.6-B award, the largest-ever of its kind, underscoring the company’s outsize ambitions and how intimately connected its future success is to Elon Musk. If fully vested over the next 10 yrs, stock options would net him as […]
Tesla (NASDAQ:TSLA) Misses Again as Cash Runs Out $TSLA Tesla fails to deliver again. Tesla management says they are a Quarter away from production goals, they are really light years away if ever. Last week, Tesla (NASDAQ:TSLA) pushed back a Key production target for its pivotal M-3 sedan again, raising Big Questions about whether the […]
Elon Musk’s SpaceX Secret Satellite Failure Probed by Congress $BA, $NOC, $LMT SpaceX dealt blow as secret military satellite goes missing Lawmakers said they will receive classified briefings on a secret US government satellite that apparently crashed into the sea after it was launched by Elon Musk’s Space Exploration Technologies Corp. (a private company). In a […]
Analyst says, “Tesla Headed for ‘Brick Wall’” $TSLA, $F, $VLKAY, $GM Tesla’s (NASDAQ:TSLA) biggest asset is its stock price. Tesla “is headed for a brick wall,” analyst/investor Jim Chanos said Wednesday. “Every Bull market has its poster children,” the President and Founder of hedge fund Kynikos Associates Ltd said at an event in Detroit. “Tesla is one […]
Tesla Inc (NASDAQ:TSLA) Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 349.54. The projected lower bound is: 307.79. The projected closing price is: 328.67. Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and […]
Tesla Inc (NASDAQ:TSLA) Defeats Car Dealership In Missouri Court Earlier this year, Tesla was forced to temporarily close its stores in Missouri after the Missouri Automobile Dealers Association (MADA), a trade group representing car dealers in the state, tried to have Tesla’s dealer license revoked. A three-judge panel of the Missouri Court of Appeals ruled in favor of […]
Tesla’s CEO Musk’s (NASDAQ:TSLA) Production Policy: ‘Build Fast, Fix Later’ $TSLA Tesla (NASDAQ:TSLA) is disputing workers’ portrayal of the EV maker as struggling to produce defect-free vehicles. A spokesperson has described a rigorous process that requires all cars to pass more than 500 inspections and tests. Any reworking of cars after assembly reflects the company’s […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Analyst jokes Musk will make it to Mars with SpaceX before Tesla is profitable One of the largest German banks, Nord/LB initiated coverage of Tesla not only with a sell rating, but with jabs at CEO Elon Musk. “You have to ask yourself what will happen first: that Elon Musk […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights One of Europe’s leading energy consultancies has estimated that Tesla’s electric haulage truck will require the same energy as up to 4,000 homes to recharge, calculations that raise questions over the project’s viability. The US electric carmaker unveiled a battery-powered lorry earlier this month, promising haulage drivers they could add […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla’s Nov. 16 introduction of both the new Tesla Semi and the Tesla Roadster managed to impress even observers used to the electric carmaker’s lofty ambitions. When they come to market, the Roadster will be the fastest-accelerating production car in the world, and the Semi will deliver more range, for […]
Tesla’s Musk (NASDAQ:TSLA) Latest Promises Break “The Laws of Batteries” $TSLA Elon Musk knows how to make promises and he know very well how not to deliver, smiling on the way to the bank. Even by his own standards, the promises made last week are monuments of envelope pushing. To deliver, according to close observers of battery technology, […]
Musk’s ‘Production Hell” Burns Tesla’s (NASDAQ:TSLA) Cash a Record Pace $TSLA, $F, $RACE Elon Musk declared last week that he is designing a new sports car that could go from Zero to 60 mph in 1.9 secs signaling that he now want to compete with the world’s #1 automotive brand, Ferrari (NYSE:RACE) The hypemiester CEO […]
Tesla (NASDAQ:TSLA) Short Sellers Press Their Bets $TSLA Noted Short-seller Jim Chanos of Kynikos Associates continued to add to his Short position in electric car maker Tesla Inc. (NASDAQ:TSLA) throughout the year even as the company’s shares rallied, he said at the Reuters Global Investment 2018 Outlook Summit Tuesday. Mr. Chanos, who 1st disclosed his […]
Artificial Intelligence, ‘Worst Event in History of Civilization” $MSFT, $TSLA Physicist Stephen Hawking warns that AI (artificial intelligence) could be the “worst event in the history of our civilization.” He urged creators of AI to “employ best practice and effective management.” Mr. Hawking, a British cosmologist who was diagnosed with motor neuron disease aged 21, […]
Tesla’s (NASDAQ:TSLA) Elon Musk Camping Out in “Production Hell” $TSLA Each time Tesla’s (NASDAQ:TSLA) Elon Musk opens his mouth or sends a shareholder letter it proves that he is a hypmeister for his failing rentier companies. Last Wednesday, when Mr. Musk took questions from Wall Street analysts during Tesla’s grim Q-3 financial results conference call […]
Tesla’s (NASDAQ:TSLA) Waterfall of Misses… $TSLA Production layoffs in Q-3, reports of hand assembly and Model 3 scaling concerns justified UBS’s Bearishness on Tesla Inc (NASDAQ:TSLA). Considering Tesla’s continuing announced production misses, compounded by a decrease in Zero-emission vehicle credits and lower Model S and X margins, UBS expects a Q-3 gross margins hit to cut sequential EPS […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla Inc. is nearing the end of a two-year marketing experiment. Starting Nov. 1, people who buy a new Tesla TSLA, +0.10% luxury vehicle through a referral code will go home with the right to use a Tesla “Supercharger”, company-speak for its fast-charging device usually clustered alongside major highways, free […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Employee dismissals at Tesla are continuing at its SolarCity subsidiary, according to six former and current employees, and are affecting SolarCity offices across the U.S. Echoing reports from earlier this month, these SolarCity employees say they were surprised to be told they were fired for performance reasons, claiming Tesla (TSLA) […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla starts work on first Puerto Rico energy project to help rebuild island Tesla announced its first solar and storage project in Puerto Rico at the Hospital del Nino Chief Executive Elon Musk and Puerto Rico governor Ricardo Rossello had a Twitter exchange last month Puerto Rico was badly hit […]
Elon Musk VC Backer Investigated for Sexual Misconduct $TSLA The venture capital firm, Draper Fisher Jurvetson (DFJ), known for backing serial entrepreneur Elon Musk’s ventures, said it is investigating founding partner Steve Jurvetson for misconduct. The firm engaged a law firm this past Summer after hearing indirectly of serious sexual misconduct allegations about Mr. Jurvetson, said […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla is about to make history as the first foreign automaker to build cars in China independently, without having to link up in a joint venture with a Chinese company and give away half its profits and much of its technological know-how as part of the bargain. What’s not clear […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla is about to come out with a new all-electric service vehicle based on the Model S and Model X vehicles, according to Jon McNeill, Tesla’s President of Global Sales and Services. The new vehicles will be used to replace service vans – pictured above – in Tesla’s mobile service […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Exactly one week after Tesla CEO Elon Musk suggested his company could help with Puerto Rico’s electricity crisis in the aftermath of Hurricane Maria, more of the company’s Powerwall battery packs have arrived on the island, according to a photo snapped at San Juan airport Friday, Oct. 13. The image […]
Tesla, Inc. (NASDAQ:TSLA) ‘Deep in Production Hell’ Sacks 700 Workers $TSLA Tesla Inc. (NASDAQ:TSLA) has sacked up to 700 employees following a series of so-called performance evaluations. The firings are part of an annual review, CEO Elon Musk’s Palo Alto, California-based company said in an e-Mail. The maker of Models S and 3 this week dismissed […]
Tesla Inc (NASDAQ:TSLA) Recalling 11,000 SUVs Tesla recalling 11,000 Model X SUVs for seat issue Tesla Inc. is recalling 11,000 Model X SUVs worldwide because their rear seats might not lock into place. The recall involves vehicles with fold-flat second row seats made between Oct. 28, 2016, and Aug. 16, 2017. Tesla believes only about […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Elon Musk, founder and CEO of Tesla Motors, is revered for his visionary ideas: a mass-market electric car, a private space transport company, a mode of regional transportation that relies on vacuum-sealed tubes. On Monday, Musk revealed his latest groundbreaking concept in a bid to once again transform the automobile […]
Tesla (NASDAQ:TSLA) Model 3 in ‘Production Hell’ $TSLA In response to a Tesla customer asking if he would get his car delivered this year, Mr. Musk tweeted, “December will be a big month, so probably, but it is impossible to be certain right now.” Friday, Tesla Inc’s (NASDAQ:TSLA) CEO Elon Musk pushed back the unveiling of […]
Tesla’s (NASDAQ:TSLA) CEO Pivots from EVs to Batteries for Puerto Rico $TSLA Tesla (NASDAQ:TSLA) CEO Elon Musk set off Friday’s musings about sending his company’s solar-powered batteries to help restore Puerto Rico’s power attracted the attention of the island’s governor. “Let’s talk,” said Gov. Ricardo Rossello in a Friday Tweet. Mr. Musk agreed. Hours later, […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights There’s a new biggest Tesla bull on Wall Street: Analyst predicts 40% surge to $500 in just 12 months Nomura Instinet initiated coverage on Tesla shares with a buy rating and set a 12-month price target of $500, representing 44 percent upside to Tuesday’s close. It now has the highest […]
Tesla Inc (NASDAQ:TSLA) M-3 Production Target Missed $TSLA Tesla Inc (NASDAQ:TSLA) has fallen short of its Q-3 Y 2017 production goals for its Model 3 sedan. During the Quarter, the company delivered 220 Model 3’s and produced 260, missing the production target of 1,500. Tesla is no stranger to missed forecasting. The company had previously just guided for […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla Model 3 deliveries lower than expected because of ‘production bottlenecks’ Of the total, 14,065 were Model S, 11,865 were Model X, and 220 were Model 3. In the quarter, 25,336 vehicles were produced. Of those, 260 were Model 3. Tesla said production bottlenecks caused the number of Model 3 […]
Tesla Inc (NASDAQ:TSLA) China To Be Teslas Largest Market Piper Jaffray reiterated its overweight rating on Tesla shares, predicting the electric car maker will thrive in China. “China could eventually be Tesla’s biggest source of revenue,” analyst Alexander Potter wrote in a note to clients Tuesday. “If Tesla sidesteps [its] obstacles by making EVs locally, […]
Tesla (NASDAQ:TSLA) Will Not Survive it $10.6-B ‘Cash Burn’ $TSLA A well-respected Wall Street analyst predicts that Tesla Inc. (NASDAQ:TSLA) shares will dive deep as it nears an unprecedented $10.6-B cash burn. In a note Wednesday, he told investors to avoid buying the stock due to Model 3 production risk, something both Shayne and I […]
Tesla Inc (NASDAQ:TSLA) Choosing Intel Over Nvidia Tesla may be choosing Intel over Nvidia to make chips for the “infotainment” system in Tesla cars, Bloomberg reported Tuesday, citing unnamed sources. Intel shares were up slightly following the news. Intel chips will now power the on-board information and entertainment system behind the large screens in the […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights For several decades, western automakers hoping to both build and sell vehicles in China have had to engage in a joint venture with a Chinese company. But it might soon allow foreign automakers to set up their own non-JV factories, to manufacture electric vehicles. This would be a massive shift, […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla is still exploring options to make swapping vehicle battery packs easier and faster. This patent filed in May reveals one option that would allow technicians to change out packs in less than 15 minutes. This isn’t the first of such ideas. Back in 2014 Tesla briefly played with an […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Elon Musk is now taking the commercialization of his Hyperloop idea very seriously. His Tesla-branded Hyperloop pod hit 220 mph (355 km/h), according to Musk, breaking the 201 mph speed record set by the students of team WARR at the Hyperloop Pod Competition earlier this week. Both records occurred at […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla’s ability to alter so many aspects of its cars with software is great for quick fixes and upgrades, but it can also make things a bit confusing. Earlier this year, Tesla owners discovered that the automaker was limiting power output in certain models equipped with its “Ludicrous” performance mode. […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights According to a report from a source speaking with Electrek, a recent software update has introduced a new client for a new streaming service called “TTunes.” The news comes from a well known “Tesla tinkerer” who goes by the moniker Green. Right now, there is no user interface for customers […]
Tesla Inc (NASDAQ:TSLA) Semi-Truck With 200-300 Mile Range The all-electric big rig that Tesla has been developing will travel 200 to 300 miles on a single charge, according to a new report from Reuters. Tesla is slated to unveil a prototype of the semi truck at an event in September, though a specific date has […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights When buying a Tesla Wall Connector, new Model S and Model X owners had to choose between a 8.5′ or 24′ cable. The $50 difference between the two made it easy to go with the 24′ for maximum flexibility, but now Tesla is even reducing the price down by another […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights In India’s passenger vehicle market sales have topped the 3 million unit mark for the first time in the just-ended fiscal year. This year, with vehicle makers dropping prices by as much as 15% in some of the states after the July 1 introduction of the Goods and Services Tax […]
Tesla Inc (NASDAQ:TSLA) HEFFX Highlights Tesla Model 3 reservation holders have begun complaining that Tesla store employees are pressuring them to give up their spots for the hotly-awaited midsized electric car in favor of Model S vehicles already in stock—vehicles which often have pricetags far higher than the Model 3s the reservationees were planning on […]