Elon Musk Today

TSLA: 210.19

8.40
Stock Chart

The Tesla Gigafactory 1 is the Chocolate Factory and Elon Musk is Willy Wonka!

Tesla quietly created a ‘Golden Ticket’ drawing for all the Model 3 reservation holders who placed a pre-order during the first day and randomly selected 12 winners to receive an all-expenses paid trip to the Gigafactory Grand Opening. expand full story

Elon Musk June 27

TSLA: 198.55

5.40
Stock Chart

Earlier this month, Bloomberg came out with a report claiming that signed a “non-binding memorandum of understanding” with Jinqiao Group, a Shanghai government-owned company, to invest in a $9 billion electric vehicle factory in the region. At the time, Tesla didn’t comment on the report, but now CEO Elon Musk denies that a deal was signed:

Earlier this year, Musk confirmed that the automaker plans on securing a location and a local partner for a manufacturing facility in China by the middle of the 2016, but now we learn that there’s a possibility that Tesla will not have to create a partnership as the government is exploring the a lift of the cap on joint-ventures for automakers. expand full story

Elon Musk June 22

TSLA: 196.66

-22.95
Stock Chart

Since Tesla announced its offer to buy SolarCity, which is still contingent on a vote by the shareholders, Wall Street has turned on the company with analysts issuing notes claiming that there’s little to no value in the deal. Barclays analyst Brian Johnson issued a note saying that he sees “little in the way of synergies and much in the way of cash burn.”

It’s not like Wall Street analysts have the best foresight, Johnson himself is ranked #2,713 out of 3,984 analysts on TipRank with an average return of -0.7%, but they represent the point of view of the financial sector.

As for the point of view from the actual customer offering/product side, a merger between Tesla and SolarCity will certainly open the door for some interesting product integrations and new distribution opportunities. expand full story

9to5toys 

During a conference call discussing the rationale surrounding Tesla’s (TSLA) offer to acquire SolarCity (SCTY) this morning, Elon Musk made a bold claim, something not unusual for the billionaire entrepreneur, he said that he sees potential for Tesla to become a trillion-dollar market cap company – which would be a first. expand full story

Yesterday, Elon Musk surprised a lot of people when he announced that Tesla (TSLA) has made an offer to acquire SolarCity (SCTY). The entrepreneur is the largest individual shareholder of both companies – he owns about 21% of Tesla and 22% of SolarCity.

Some Tesla shareholders are already calling the deal a “bailout” of SolarCity, especially after Musk bought another $10 million worth of shares last year – before the stock fell 60% in 2016. The deal would allow him to convert his shares of SolarCity to Tesla shares at a favorable rate, but we now learn that the move might not be reactionary and actually long in the making. expand full story

Elon Musk June 21

TSLA: 219.61

-0.09
Stock Chart

Today, Tesla (TSLA) announced that it submitted an offer to acquire SolarCity (SCTY), the leading solar installer in the US. Elon Musk is the largest individual shareholder of both companies. Due to his obvious interest in the deal, which is already being called a bailout by some shareholders, Musk decided to recuse himself from the vote at both companies and leave it to Tesla and SolarCity shareholders to decide on the possible consolidation of ‘Musk Industries’. expand full story

9to5mac 

Elon Musk June 20

TSLA: 219.70

4.23
Stock Chart

We published an article on a video of a Tesla Model S going through a flooded tunnel over the weekend and Elon Musk, Tesla’s CEO, shared the article on his popular Twitter account. He then followed up with an interesting Tweet:

TSWLM is the acronym of the title for the 1977 James Bond movie ‘The Spy Who Loved Me‘. In the movie, Bond was driving a modified Lotus Esprit that could change into a submarine. The vehicle they used in the movie was lost for years, but it was eventually found in a storage locker bought for $100 and three years ago, Elon Musk secretly bought it for ~$900,000 in a bidding war with another car collector. expand full story

Elon Musk June 19

TSLA: 215.47

-2.46
Stock Chart

In the days following the unveiling of the Tesla Model 3 and the subsequent flood of pre-orders for the vehicle, CEO Elon Musk said that the automaker will be sending out a “token of appreciation” to those who stood in line at the store to reserve the Model 3 before it was even unveiled.

Indeed, some places had lines of over a thousand people waiting to order the vehicle sight unseen. Now the first reservation holders are reporting starting to receive the ‘thank you’ gift. expand full story

Elon Musk June 13

TSLA: 217.87

-0.92
Stock Chart

Following reports of the National Highway Traffic Safety Administration (NHTSA) probing Tesla over a possible problem with the Model S’ suspension and the automaker’s goodwill agreement, it came to light that several false and/or misleading complaints were filed with NHTSA.

A spokesperson for NHTSA confirmed that the agency has not found any safety issue with Tesla’s suspensions and that the company has clarified the language in its goodwill agreement. It considers the issue resolved, but Tesla CEO Elon Musk shared on Twitter that something suspicious is going on with the suspension complaints:

It can be difficult to understand why would someone falsify complaints to an official agency, which can be harmful to both the company and time-wasting for the regulators. The most obvious explanation is always money, and Tesla brought it up in a blog post following last week’s events. expand full story

9to5google 

Elon Musk June 10

TSLA: 218.79

-10.57
Stock Chart

Tesla recently attracted some criticisms over its Autopilot system. There are primarily two camps when its comes to approaches to developing self-driving cars. Some companies are gradually releasing more and more advanced autonomous and semi-autonomous features (level 3) leading to a fully autonomous system (level 4), like Tesla’s Autopilot, and others, like Google, are aiming to only release a system once the technology is ready for a fully (level 4) self-driving car.

Among the criticisms, scientist Andrew NG said that it was “irresponsible” for Tesla to ship the Autopilot and BMW’s CEO compared the system to an unreliable app. Now it’s Volvo’s turn to go after Tesla’s Autopilot for similar reasons. expand full story

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