Tesla Motors Stories July 18, 2016
Tesla CEO Elon Musk is a little late to publish his ‘Part 2’ of the ‘Tesla Secret Master Plan’, which he hoped to reveal last week, but it looks like it was pushed to today. He was a little busy overseeing the successful Falcon 9 launch and landing in Cape Canaveral last night, and the ongoing Dragon mission.
The plan is expected to outline Tesla’s future product lineup as the company transitions from a transportation company to an energy company. In line with the transition, Tesla finally moved its main domain ‘teslamotors.com’ to its recently acquired ‘tesla.com’ over the weekend. expand full story
Tesla Motors Stories July 11, 2016
If there’s a list Tesla is probably OK with not being at the top of, it’s ‘Best Car Salesmen’. The company boasts about its distribution and servicing model being unlike any other in the industry and the latest mystery shoppers study by Pied Piper, a real consultant and market research firm (not based on the HBO series Silicon Valley), kind of proved that it is the case by placing Tesla dead last. expand full story
Tesla Motors Stories July 6, 2016
Rich Heley was one of Tesla’s biggest hire and quickly rose in the executive ranks of the automaker. We broke the news of his hire back in 2013 when he was still leading Alloy Engineering at Apple. Now we learn that only 3 years later, the engineer, who until recently was Vice President of Product Technology at Tesla, is now leaving for Facebook. expand full story
Tesla Motors Stories July 5, 2016
Today is the first trading day for Tesla’s (TSLA) stock after the automaker released its second quarter production and delivery results – missing its goals for both. The automaker confirmed missing its delivery guidance of 17,000 vehicles in Q2 with only 14,370 vehicles, while also missing its production guidance of 20,000 vehicles with only 18,345 vehicles.
The stock price fell sharply (over 4%) in pre-market. Now the first Wall Street analysts are commenting and adjusting their earnings prediction to account for the new information released by Tesla. expand full story
Tesla Motors Stories July 3, 2016
Tesla (TSLA) released today its production and delivery numbers for the second quarter 2016. The automaker confirmed missing its delivery guidance of 17,000 vehicles in Q2 with only 14,370 vehicles, while also missing its production guidance of 20,000 vehicles with only 18,345 vehicles. expand full story
Tesla Motors Stories June 14, 2016
Tesla’s stock (TSLA) rallied last week following comments by Ron Baron. The rally didn’t last long after rumors of a potential problem with Tesla’s suspension started to spread quickly at the end of last week.
While the rumors have been mostly shut down at this point, Tesla’s stock is having difficulty recovering and a new report about the automaker’s sales in Europe is not helping. expand full story
Tesla Motors Stories June 8, 2016
Analyst Brad Erickson from Pacific Crest issued a new note to clients today following a visit of the Tesla Fremont Factory. The analyst noted that Tesla appears to be on track to exit the second quarter at the a production rate of 2,000 cars per week (Model S and X combined) and it is tracking toward its annual delivery target of 80,000 to 90,000 vehicles.
It’s a good day for Tesla. Earlier this morning, we reported on the company knocking VW out of the top 10 car brands in the BrandZ annual report. Now we learn that the automaker also won the AutoPacific award for the highest satisfaction rating of any premium brand – building on its Consumer Report survey score of 97%. expand full story
Tesla’s brand has significantly increased in value over the past year, especially since the Model 3 unveiling and the more than 373,000 reservations it received. On the other hand, Volkswagen’s brand took a big hit following the ‘Dieselgaste’ scandal, so much so that Tesla has now surpassed the company’s VW brand in “brand value”.
BrandZ published its annual report of the 100 most valuable brands and Tesla knocked VW out of the top 10 in the car category. expand full story
Tesla Motors Stories June 7, 2016
Ron Baron, the billionaire founder of Baron Capital, was on CNBC this morning to discuss his latest favorite investment: Tesla Motors (TSLA). The mutual fund manager said that he sees Tesla becoming one of the largest companies in the world and he sees his fund holding it stock for the next 10 to 20 years. expand full story