TSLA stock

Tesla’s (TSLA) stock has dropped to a new two-year low as the whole market takes a hit on the latest development regarding the ongoing US-China trade war.
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After announcing its capital raise yesterday and testing the market, Tesla decided to increase its capital raise up to $2.7 billion and CEO Elon Musk increased his interest to contribute to $25 million.
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At Tesla’s Investor Autonomy Day last week, Elon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion.
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Tesla this morning filed a registration statement to raise capital through the issuance of convertible notes worth up to $1.55B and a TSLA share sale of up to $739M.

The amount of the bond new capital is very close to the loss in cash position over the first quarter which saw the auto and energy products maker’s cash holdings drop to $2.2B.

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Chamath Palihapitiya, a Facebook millionaire turned venture capitalist and longtime Tesla investor, broke down the TSLA bull case on CNBC as the stock takes a hit following a difficult quarter.
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For the first time in a while, Tesla (TSLA) appears to be setting the table for raising capital as the company added a note in its quarterly SEC filing saying that they “may choose to seek alternative financing sources.”
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Tesla (TSLA) is still in the green, albeit barely, today despite two Wall Street firms putting some pressure on the stock with important price target cuts following the disappointing Q1 delivery numbers.
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Tesla’s stock (TSLA) was down by as much as 10% in pre-market trading as financial analysts weigh in on the automaker’s disappointing delivery and production numbers for the first quarter.
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Tesla (TSLA) already announced in January that its longtime Chief Financial Officer (CFO) Deepak Ahuja is going to be leaving and be replaced by another executive member of the finance team.

The automaker has now officially appointed the new CFO, Zachary Kirkhorn, as well as a new Chief Accounting Officer, Vaibhav Taneja, after the position was vacant following several departures in the department over the last year.
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In a conference call with journalists and analysts today after the $35,000 car and store closure announcement, Elon Musk gave a quick rundown on Tesla’s current financial situation.  It wasn’t great news, but it was mostly expected.

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After market close today, Tesla released its financial results and shareholders letter for the fourth quarter and full year 2018.

We are updating this post with all the details from the financial results and shareholders letter.
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Tesla (TSLA) is set to announce its fourth quarter and full year 2018 financial results today after the markets close. As usual, set to follow the results is a conference call and Q&A with Tesla’s management at 2:30pm Pacific Time (5:30pm Eastern Time).

Here we take a look at what both the street and retail investors are expecting for the quarterly results.
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The Saudi Arabian sovereign wealth fund took a large stake in Tesla last year worth almost 5% of the company, but they have now reportedly hedged their bet on the automaker and they did so with perfect timing.
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Several Wall Street analysts are issuing negative notes on Tesla (TSLA) this week as the share price plummeted over the past few days since Tesla announced layoffs.

On top of it, the TSLA share price is coming more into focus as a large convertible note is due by the end of the quarter.
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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 details the challenges ahead for Tesla as it tries to reduce the price of its Model 3 to the $35,000 price point and make its other products more competitive to fossil fuel equivalents. 
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Tesla (TSLA) stock price is down almost 10% in the past 2 days resulting billions of dollars being wiped off its market cap as investors digest Tesla’s production numbers and price reduction.
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Tesla investors get some kind of reprieve today as Tesla’s stock (TSLA) is back up over $300 per share over hope about Model 3 demand in Europe.

It’s a welcome change after a few disastrous trading days on the market for Tesla.
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Tesla’s stock (TSLA) has been on a tear this quarter following the first show of profit in a long time, but it’s now getting knocked down a peg by Wall Street calling for a correction.
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After surpassing BMW last month, Tesla (TSLA) is now becoming more valuable than Daimler, the parent company of Mercedes-Benz, as it becomes one of the most valuable automakers in terms of market capitalization.
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Tesla has had a rough time in China over the last few months due to tariffs imposed on US cars in the escalating trade war with Trump’s administration.

Now it looks like they might have achieved a truce as Trump claims that China agreed to lower or eliminate the tariffs on US-built cars.
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You would think that Tesla short sellers would be running away after the company’s record quarter announced last month, but it’s not the case for one of the most prominent men betting against the company.

David Einhorn, who is betting against Tesla with his $9 billion hedge fund, is sticking to his short position and says that “it’s as good as it gets” for Tesla.
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