Elon Musk Yesterday

TSLA: 223.04

Stock Chart

Tesla (TSLA) 2016 Annual Meeting of Stockholders (the “2016 Annual Meeting”) will be held tomorrow on Tuesday, May 31, 2016, at the Computer History Museum in Mountain View. If you can’t attend, don’t worry because as usual Tesla will be live-streaming the event on its website.

The meeting generally starts with a formal part for shareholders to vote on a few things. Last year it was a little more complicated because of two shareholder proposals about the use of leather in Tesla’s vehicles, but this year it should be fairly straightforward. Shareholders will vote on the reelection of two board directors, the reappointment of Tesla’s public accounting firm and on a stockholder proposal to eliminate limited supermajority voting requirements.

After the formal part, CEO Elon Musk should make a short presentation followed by a Q&A session. The Q&A is most entertaining part of the event and Musk generally releases a few interesting nuggets of information. This time will be a little different though as Tesla will apparently take questions voted by the community ahead of time. expand full story

Elon Musk May 27

TSLA: 223.04

Stock Chart

Earlier this week, Tesla confirmed having closed its recent secondary offering with $1.7 billion in net proceeds to finance its Model 3 production program, but part of the offering was also a significant set of transactions in order for Elon Musk to exercise 5,503,972 stock options and then sell 2,782,670 shares to pay taxes.

In a SEC filing issued last night, Tesla confirmed that Musk sold the shares at $213.22 for a total of just over $593 million. After the transaction, Musk’s stake in Tesla stands at 31,100,644 shares worth just over $7 billion. expand full story

Elon Musk May 25

TSLA: 219.58

Stock Chart

It’s a well-known fact at this point that Tesla has a very unusual way to communicate new information for an automaker. The company shares more news through Elon Musk’s Twitter account than with press releases and this latest instance is a perfect example. expand full story


Elon Musk May 24

TSLA: 217.91

Stock Chart

Tesla CEO Elon Musk is scheduled to speak at the Code Conference next week. The Code Conference is an exclusive event for “top industry influencers” to gather and have in-depth conversations about “the current and future impact of digital technology on our lives.” expand full story

Elon Musk May 10

TSLA: 208.69

Stock Chart

Tesla co-founder and CTO, JB Straubel, was one of the keynote speakers at the Ontario Centres of Excellence’s Discovery conference yesterday. He sat down for a public conversation with journalist and current RBC Sr. Vice President John Stackhouse. You can watch a video of the conversation below: expand full story

Elon Musk May 5

TSLA: 211.53

Stock Chart

Following Tesla’s announcement that it plans to double its total production output to 500,000 vehicles in 2018 and 1 million in 2020, Tesla CEO Elon Musk was asked by analysts how and where he plans to manufacture those vehicles.

While the company has been talking about plans to build more vehicle factories in Europe and China, Tesla’s Fremont factory remains its only full-fledged car manufacturing facility. Company officials have always referred to the Fremont plant’s total capacity to be around 500,000 cars per year once optimized, which is what Toyota and GM were producing when they owned the factory, until now. expand full story


Elon Musk May 4

TSLA: 222.56

Stock Chart

During his talk at the World Energy Innovation Forum (WEIF) today, Tesla CEO Elon Musk called for people to revolt against the propaganda of the fossil fuel industry and he even described a tactic he believes the industry used to smear his companies.

“We need to appeal to the people – educate people to sort of revolt against this and to fight the propaganda of the fossil fuel industry which is unrelenting and enormous.” – Musk said.

The CEO implied that the LA Times article from last year that misleadingly asserted that Musk’s companies received $4.9 billion in subsidies originated from the fossil fuel industry. expand full story

Elon Musk May 2

TSLA: 241.80

Stock Chart

The World Energy Innovation Forum (WEIF) managed to secure not only an impressive lineup of industry leaders to speak at the event, but also quite a venue for this year’s conference. The forum will take place Wednesday and Thursday at the Tesla Fremont Factory in Fremont, California. expand full story

Elon Musk April 30

TSLA: 223.04

Stock Chart

Elon Musk went on another Tweetstorm last night and although it was mostly about SpaceX’s upcoming missions (not that we mind – it’s just not what we cover), he did reveal a few tidbits of information involving the Tesla Model 3.

The CEO said that the higher-end version of the Model 3 will have a ‘Ludicrous’ mode option, like the Model S and X. expand full story


Elon Musk April 29

TSLA: 223.04

Stock Chart

The impact of the Model 3 is being felt in the automotive industry long before it actually hits the market in about 18 months. Since the reveal last month, GM has hinted that the range of the upcoming Bolt will be closer to Tesla’s, Ford announced that it is developing a vehicle to compete with the Model 3 and Fiat-Chrysler might even copy Tesla’s platform.

During his recent visit to Norway, Tesla CEO Elon Musk said that he was surprised by the number of reservations the company received for the $35,000 all-electric sedan and referred to the event as a “wake up call” for the industry. expand full story

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