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Tesla’s stock had a terrific June and has managed to sustain that momentum this month. But don’t be surprised if it takes a hit and heads lower once the company releases its fiscal second-quarter results on July 24. Elon Musk has propped up expectations by revealing Tesla’s second-quarter delivery numbers already, which smashed estimates and […]
The post Tesla’s Stock Could Hit the Skids as Analyst Presses the Brakes appeared first on CCN Markets
Elon Musk and Tesla just made another move regarding the company’s product line which tells a much bigger story than most people realize. It suggests Tesla’s days are numbered. Cost of Tesla full self-driving option increasing by ~$ 1000 on August 16 — Elon Musk (@elonmusk) July 16, 2019 Another Price Cut and Discontinued Models Tesla’s […]
The post Elon Musk Slashes Prices, Signaling the Start of Tesla’s Death Spiral appeared first on CCN Markets
A two-year-old video of a prankster confusing a self-driving car has gone viral for a second time, and it demonstrates a critical reason why Tesla’s self-driving cars will never become ubiquitous. Going viral once is a big event, but a “recurrent” viral video indicates that something about the content has gripped people in some visceral […]
The post This One Image Destroys Tesla’s Self-Driving Car Fantasy appeared first on CCN Markets
As it is, the bevy of departures of employees across many divisions at Tesla has contributed to a brain drain at Elon Musk’s famously troubled company. Finding and retaining the best workers in the business, as well as people who are able to work in the apparently chaotic environment at the company, is going to […]
The post Tesla's Woes Escalate After Autopilot Files Stolen in Corporate Espionage appeared first on CCN Markets
July 1 was an important day for all of the electric vehicle manufacturers. The federal tax incentive for purchasing electric vehicles was cut in half, from $ 3,750 to $ 1,875. Tesla Hides a Price Cut Along with this price-cut came no change in Tesla Model 3 lease deals. In other words, the price to purchase a […]
The post Tesla's Stealth Price Cut Suggests Demand Isn’t What Elon Musk Claims appeared first on CCN Markets
Controversial Tesla CEO Elon Musk has finally enjoyed a public relations victory to match his brazen and often caustic public persona. Tesla (TSLA) stock was at one point up more than seven percent during yesterday’s holiday-shortened trading session as the company set new delivery and production records. TSLA closed at $ 234.90 for a gain of […]
The post Tesla’s ‘Turning Point’ Matches the Hubris of Elon Musk appeared first on CCN Markets
July 1 has the unfortunate distinction of being the 16th birthday of the world’s most controversial car maker, Tesla Motors. Given the insanity of Elon Musk, it’s a wonder Tesla made it this far. Or rather, perhaps it’s because of the insanity of Elon Musk that Tesla is still around. Tesla: How Not to Run […]
The post Tesla’s Unhappy Birthday: Here’s Why Its Days May Be Numbered appeared first on CCN Markets
By CCN Markets: Tesla’s stock is making a fast and furious comeback in June. That’s good news for shareholders after TSLA spent the first half of 2019 suffering crippling losses. Now the famed electric automaker’s stock is on the rebound. The stock is up 22% for the month. Does Wall Street Have Tesla’s Stock All Wrong? Tesla’s massive losses have led investors to fear an impending cash crunch. The company had to widen its junk bond spread to record levels this spring. With fears mounting over Tesla’s distressed credit history and the looming threat of a trade war with China,
By CCN Markets: Elon Musk never said that self-driving was going to be easy. The Tesla CEO was featured in an interview at the 2019 Electronic Entertainment Expo with Geoff Keighley and video game designer Todd Howard in Los Angeles. Musk confronted everything from games inside Tesla vehicles to space travel to the speed of light. He didn’t shy away from the topic of self-driving, even though the company’s autonomous business has been the source of headaches or at least stock price pressure. Autonomous Speed Bumps Elon Musk admitted that there are speed bumps, saying the Tesla simulation team has
Tesla CEO Elon Musk has announced that the electric car maker’s long-serving chief financial officer (CFO), Deepak Ahuja, is leaving the company after over a decade of service, CNBC reports. Musk made the announcement towards the end of an earnings conference call. Tesla’s shares fell sharply by nearly 5% in after-hours trading. This is not Ahuja’s first time to resign from the electric car maker. He first departed in 2015 only to rejoin two years later. This was to replace Jason Wheeler, who had abruptly resigned as the CFO. How do you not include the departure of your CFO in
By CCN.com: Trying to make heads or tails of Tesla’s financial footing continues to be a task. The good news for Elon Musk keeps getting trumped by worrisome, if not flat out bad news. This month is proving to be a trying one for Tesla founder and CEO Elon Musk. It’s enough even to give
The post Is Elon Musk Losing it? Laying Off 3,000 American Workers to Build a Gigafactory in China, & Tesla’s Enormous $ 1 Billion Debt appeared first on CCN
The stock price of Tesla has dropped by 7.14 percent in pre-market following the release of CEO Elon Musk’s letter. The struggle of the car marker demonstrates the lack of fundamentals in the U.S. stock market which may lead to the decline of the Dow Jones. Over the past week, several analysts including Morgan Stanley
The post How Tesla’s 7% Stock Drop Shows Dow Jones Isn’t in the Clear appeared first on CCN
Tesla stock is seeing near 4% gains so far on the New York Stock Exchange (NYSE) as the US stock markets recover from two days in the red. Automotive companies are feeling the pinch of economic tightening and lowering demand for conventional, fuel-hungry, vehicles. The big car makers are ramping up their electric car developments,
The post Tesla’s Share Price Hikes as the Electric Vehicle Market and Automotive Stocks Rise appeared first on CCN
Shares of Tesla (TSLA) were down more than 6% on Friday as investors reacted to a recent Joe Rogan podcast where Tesla CEO Elon Musk tried marijuana on video. In the interview, Musk and Rogan cover everything from the future of AI to the CEO’s busy daily schedule. However, the most notable segment came roughly two […]
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