Elon Musk Yesterday

TSLA: 150.47

Stock Chart

During the conference call discussing Tesla’s fourth quarter financial results yesterday, Tesla CEO Elon Musk was quite vague about the Model X’s current production ramp, but he did confirm that the vehicle should reach its full production rate of 1,000 units per week during the second quarter in just a few months.

When asked about the current production rate and how the company plans to get to 1,000 units per week, Musk refused to comment but he added:

“Unless people actually understand how production works, they reach incorrect conclusions. We stick to what our projections are, and leave it at that.”

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Elon Musk February 10

TSLA: 143.67

Stock Chart

As Tesla’s management was starting the conference call to discuss the company’s fourth quarter financial results today, the company released a new SEC filing confirming that CEO Elon Musk exercised another $108 million worth of options just a few weeks after exercising over $100 million. expand full story

As part of its shareholder letter posted ahead of its earnings call today, Tesla demonstrated its catastrophic affect on the US luxury car market with a simple table. If you start at the bottom, the market is at about 100,000 cars a year and it’s basically unchanged from 2014 to 2015.

The market is for “large luxury” cars and includes not only the Model S but Audi’s A7 and A8, BMW’s 6 and 7 series, the Jaguar XJ, Lexus LS Mercedes CLS and S Class and the Porsche Panamera. Each of these models has fallen in sales from almost 5%-over 15% from 2014-2015.  Where did these sales go? expand full story


Elon Musk January 30

TSLA: 191.20

Stock Chart

As part of his current trip across Europe and Asia, Tesla CEO Elon Musk stopped by the automaker’s France headquarters in Chambourcy for a special event for Tesla owners. Musk delivered a quick speech thanking local owners for their support of Tesla and then stayed for a Q&A during which he shared a few new tidbits of information.

When asked about when we will get to see pictures of the Model 3, Musk answered:

“The first pictures of the Model 3 will be end of March… I am being a little coy here, we are not gonna show everything about the Model 3 until a lot closer to production time.”

An audience member asked for more details, but as it is often the case when it comes to future products, Musk refused to elaborate. In the past, the CEO said Tesla planned to start Model 3 production toward the end of 2017, while the “end of March” event has been referred to as an “unveiling”. expand full story

Elon Musk January 29

TSLA: 191.20

Stock Chart

In a new SEC filing published after market close today, Tesla confirmed that CEO Elon Musk exercised stock options to purchase 532,000 shares of Tesla’s common stock, which is worth a little more than $100 million based on today’s closing price of $191. expand full story

From time to time, Reddit comes together and does something awesome. Whether it be gifting supplies to teachers or sending thousands of letters to a terminally ill man. Although quite different from the previous examples, the rLoop project is undoubtedly Reddit at its best.

Since SpaceX announced the Hyperloop Pod Competition last year, over 100 teams from universities and other organisations have created and submitted their design to compete for a chance to build and race their pod on SpaceX’s upcoming test track. rLoop is one of those teams. expand full story


Tesla CEO Elon Musk gave an interview to Channel 4’s Jon Snow last night during the Prince’s Trust Leadership Dinner in London. Musk said that Tesla plans to sell the upcoming Model 3 in the UK for “£30,000 or less“. expand full story

Elon Musk January 28

TSLA: 189.70

Stock Chart

Elon Musk January 26

TSLA: 193.56

Stock Chart

Today Elon Musk sat down with CNN’s Kristie Lu Stout to talk about Tesla and some of his other projects at the StartmeupHK tech forum in Hong Kong. You can watch the video in full below. expand full story


Elon Musk January 25

TSLA: 196.38

Stock Chart

Tesla and CEO Elon Musk held a special event for Roadster and Model S owners in Hong Kong today. Musk revealed that he hopes to obtain approval to soon enable the ‘Autosteer’ feature of the company’s Autopilot system, which has been disabled in Hong Kong since November, just a few weeks after its release. expand full story

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