Search Results for: Model 3

Elon Musk Stories April 4, 2016

Tesla’s stock (TSLA) climbing this morning after a weekend of Model 3 news and reservations

Tesla’s stock (TSLA) was up over 4% in early trading this morning after CEO Elon Musk spent his weekend answering questions on Twitter about the newly revealed Model 3 and sending out updates about the number of reservations Tesla is accumulating. Since Tesla unveiled the vehicle last week, 8 financial analysts issued new notes updating their analysis […]

Elon Musk Stories April 5, 2016

Elon Musk warns that holding a short position against Tesla (TSLA) is “probably unwise”

The last time Elon Musk commented on the short interest on Tesla’s stock, he warned that anyone holding a stock position against the company will have a “tsunami of hurt” coming for them. During the 12 following months, Tesla’s stock price increased by 461%, a lot of which was attributed to a short squeeze after Tesla reported […]

Elon Musk Stories May 27, 2016

Elon Musk is about to do something weird for a billionaire, pay ~$600 million in taxes

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 […]

Elon Musk Stories July 12, 2016

Morgan Stanley’s Adam Jonas weighs in on Elon Musk’s ‘Tesla Masterplan part 2’, predicts ‘Tesla Mobility’ again

Adam Jonas, Morgan Stanley’s analyst covering Tesla, has been predicting a new “on-demand mobility service” program for the automaker ever since he had a very one-sided conversation with Elon Musk in which the CEO said a lot by refusing to answer a question about whether the company plans on offering a service like Uber or […]

Elon Musk Stories June 21, 2016

Elon Musk will not vote on Tesla’s (TSLA) acquisition of SolarCity (SCTY), shareholders will decide on Musk Industries [Poll]

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 […]

Elon Musk Stories June 22, 2016

The Tesla-SolarCity deal explained through some amazing quotes by Elon Musk

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 […]

Elon Musk Stories September 7, 2016

Tesla (TSLA) could achieve GAAP profitability in Q3, says Elon Musk, a first in 3 years

Last week, we reported on comments made by Elon Musk in a company-wide email obtained by Bloomberg. The publication had only published excerpts from the memo at the time, but now that we have the full email, we learn that Elon Musk actually thinks that Tesla could be GAAP profitable in the current quarter – something […]

Elon Musk Stories September 2, 2016

Elon Musk wants to ‘throw a pie in the face of all naysayers on Wall Street’, aims for positive cash flow in Q3

After publishing its second quarter 2016 financial results last month, Tesla said that it plans to deliver about 50,000 vehicles during the second half the year to bring the total to 80,000 vehicles. The volume will generate a lot of cash flow for the company and now CEO Elon Musk says that it could be […]

Elon Musk Stories October 12, 2015

Billionaire hedge fund manager goes after Tesla and SolarCity, but can’t get his facts straight

Jim Chanos is a famed billionaire hedge fund manager known for short selling companies. He is also a regular market commentator for CNBC and Bloomberg. Chanos recently disclosed having a short position on solar installer SolarCity (SCTY) and although he refused to disclose his position on Tesla Motors (TSLA), he doesn’t have good things to say about the […]

Elon Musk Stories December 1, 2015

Wall Street is betting against Tesla Motors – TSLA short interest is at its highest in 21 months

According to Nasdaq’s latest short interest update, the total short position on Tesla’s stock increased to 27,367,931 shares – its highest since March 2014. The short position is almost as important as Tesla CEO Elon Musk’s own stake in the company: 28,371,342 shares or about 29% of the float.

Elon Musk Stories January 29, 2016

Tesla CEO Elon Musk exercised $100 million worth of the company’s shares

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.

Elon Musk Stories June 13, 2018

Elon Musk buys another $25 million worth of Tesla (TSLA) stock as he pushes for profit

Elon Musk appears to be flush with cash these days since he is buying a lot of Tesla shares – something he hasn’t done in while until now doing twice in about one month. Today, he added about $25 million to his already huge position on the company that he co-founded as he now tries […]

Elon Musk Stories June 14, 2019

Tesla is delivering 1,000 cars a day en route to record quarter

Tesla is trying to achieve record deliveries this quarter. It is counting on the North American market to do it with quick sales by the end of the month. US incentives are set to drop again. Electrek has learned that Tesla is currently delivering cars at a rate of approximately 1,000 a day.

Elon Musk Stories January 18, 2019

Tesla (TSLA) profit drop in Q4, 7% workforce cut planned after growing 30% last year

Tesla CEO Elon Musk dropped an email to employees last night at 1am PT, which was also released publicly and filed with the SEC, to announce important job cuts to control costs. It also served to temper profit expectations for TSLA stock holders. [Update: TSLA stock down nearly 10% in early morning trading] In it, he […]

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