TSLA Stories Yesterday

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.  expand full story

TSLA Stories January 3

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. expand full story

TSLA Stories December 26, 2018

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. expand full story

TSLA Stories December 18, 2018

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. expand full story

TSLA Stories December 4, 2018

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. expand full story

TSLA Stories December 3, 2018

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. expand full story

TSLA Stories November 6, 2018

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. expand full story

TSLA Stories October 26, 2018

Tesla’s stock (TSLA) has had some great momentum since the company announced a profit earlier this week, but it has since come to a stop due to a report that an FBI probe over Tesla’s reporting of Model 3 production is ramping up. expand full story

TSLA Stories October 25, 2018

Perhaps the most compelling detail from Tesla’s quarterly report yesterday was the company’s claim that Model 3 is now the highest revenue generating car model in the US.  Similarly, Apple has long touted that despite some competitors having higher volumes, the iPhone is responsible for the vast majority of profits in the smartphone industry.  Given the Model 3’s high gross margins, it seems likely that it is also the highest profit generating car model in the US.

So with Model 3 having its “iPhone moment,” a comparison between these disruptive silicon valley companies is more appropriate than ever.  What other similarities can we find between their respective stories?

expand full story

TSLA Stories October 24, 2018

After market close today, Tesla released its financial results and shareholders letter for the third quarter 2018, which turned out to be a historic quarter.

We are updating this post with all the details from the financial results and shareholders letter. expand full story

Powered by WordPress.com VIP