Sales of its electric cars slumped in the opening three months of 2019, with the recent cuts to US tax credits and delays in shipping to overseas buyers hurting Tesla
Tesla Inc
Tesla Inc. was founded in 2003 by a group of Silicon Valley engineers who set out to develop a new electric vehicle company.
Tesla Inc. uses proprietary technology, world-class design and state-of-the-art manufacturing processes to create a new generation of highway capable electric vehicles.
We utilize an innovative distribution model based on company-owned sales and service...
| EPIC: | TSLA |
| Market: | NASDAQ:TSLA |
| 52-week High/Low: | $387.31 / $177.00 |
| Sector: | Manufacturing |
| Market Cap: | $39,850.10 m |
| Website: | www.tesla.com |
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Tesla Inc Timeline
Shares of the electric-car maker rose Friday, making back some of the ground it lost
“Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted”
Ben Kallo kept his price target for the electric-vehicle maker at $465, a 68% premium on Wednesday's close
For the first quarter of 2019, RBC analyst Joseph Spak now expects the electric-car maker will produce 52,500 Model 3s, down from the bank’s prior outlook of 57,000
Shares in Tesla found support in the $240-260 region twice in 2018.
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Tesla launches its cross-over Model Y sports utility vehicle as electric vehicle maker builds up ran
Chief executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would first debut in a long-range version with a range of 300 miles, priced at $47,000
In a research note, Left acknowledged previously shorting the electric car company, and he's still suing Elon Musk
Wedbush Securities analyst Daniel Ives also said the price cut was a “potential game changer” for Tesla’s growth
By shifting all sales online, Tesla reckons it will cut its costs by around 6% a year, savings it will pass on to customers through lower prices across its range of electric cars
The analysts reiterated their ‘Outperform’ rating on on the EV maker saying sentiment should improve into first quarter deliveries
A basic Model 3 will now set you back US$42,900, but that is still well above the US$35,000 Elon Musk had originally promised
The electric-vehicle maker gets its hands on Maxwell’s ultracapacitor battery technology
The car maker reported earnings per share of US$1.93 for the final quarter of 2018, but analysts had been looking for US$2.10
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RBC Capital reverses its rating for Tesla to ‘underperform’ from ‘sector perform’ on growth concerns
RBC's analysts said: "The rubber appears to be hitting the road as the realities of Tesla becoming a volume player, the challenges to scale and deliver high volume at high ASPs/margins are coming to a head"
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Tesla set to launch key Model 3 in Europe next month after clearing the final regulatory hurdle - me
According to Reuters, data published on the Netherlands Vehicles Authority’s (RDW) website showed the Model 3 meets the requirements for approval on European roads
The electric-car company said it will cut 7% of its workforce as part of an effort to manage costs as it introduces lower-priced versions of the Model 3
Tesla named Ellison and an executive from Walgreens to its board in December as part of a settlement with regulators who demanded more oversight of the car maker’s CEO
The company delivered a total of 63,150 Model 3s in its fourth quarter compared with consensus estimates of 64,900 deliveries
Baird analyst Ben Kallo noted that the 3,300 Model 3 cars reportedly remaining in inventory accounts for less than one week of production
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Tesla appoints Oracle founder and Walgreens exec as independent directors as part of SEC reshuffle d
The appointment of Larry Ellison and Kathleen Wilson-Thompson formed part of a deal with the SEC in September after it filed fraud charges against CEO Elon Musk
Baird analysts cited catalysts in the shape of the start of European car deliveries, production in China and inclusion in the S&P 500
After claiming in a tweet that he was thinking about taking Tesla private at $420 a share with funding secured, he agreed to step down as chairman and allow the company to be overseen by the board
The first deliveries will be made to customers who first put down a deposit almost three years ago
Musk, who also heads up spacecraft developer SpaceX, said that he will live to ride on one the company’s rockets to the red planet, implying that such a move would be permanent
