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Analyst slashes his Tesla price target, citing 'meager demand' and Model 3 'delivery issues' (TSLA)

The RBC analyst Joseph Spak has dropped his price target on Tesla to $210 a share, over 20% below Friday's close. Spak cited issues with demand and Model 3 deliveries in the first quarter of 2019. Tesla shares dropped more than 2% early Monday. Watch Tesla trade live. Tesla shares slumped more than 2% early Monday after an analyst highlighted concerns about the electric-car maker's first-quarter delivery estimates and margins. The RBC analyst Joseph Spak, who has an "underperform" rating, ...
Tags: Elon Musk, China, Trends, Tesla, Bloomberg, TSLA, Goldman Sachs, North America, Morgan Stanley, Securities And Exchange Commission, Rbc, Joseph Spak, Spak


Analyst slashes his Tesla price target due to 'meager demand' and Model 3 'delivery issues' (TSLA)

RBC analyst Joseph Spak dropped his price target on Tesla to $210 per share, over 20% below Friday's close. Spak cited expetactations of 'meager demand' and Model 3 'delivery issues' for the first quarter of 2019. Tesla shares dropped more than 2% early Monday. Watch Tesla trade live. Tesla shares slumped more than 2% early Monday after an analyst highlighted concerns about the electric-car maker's first-quarter delivery estimates and margins. RBC analyst Joseph Spak, who has an "underperf...
Tags: Elon Musk, China, Trends, Tesla, Bloomberg, TSLA, Goldman Sachs, North America, Morgan Stanley, Securities And Exchange Commission, Rbc, Joseph Spak, Spak


Elon Musk just emailed every single Tesla employee saying car deliveries should be their 'primary priority' in what he's calling the biggest wave in company history (TSLA)

Tesla is racing to deliver cars before the end of the first quarter on March 31.  Elon Musk told all employees in an email seen by Business Insider that deliveries should be their "top priority." As the company ramps up sales in Europe and China in addition to North America, Musk said this is the biggest wave of deliveries in its history.  Elon Musk sent an email to all Tesla employees on Thursday afternoon informing them that car deliveries should be everyone's top priority until the end of ...
Tags: Europe, Elon Musk, California, China, Trends, Tesla, Eu, TSLA, Jordan, North America, East Coast, Musk, Business Insider, Europe China, Sanjay Shah, Ashley Harris


A Tesla analyst who just toured the electric-car maker's California and Nevada factories reveals what he saw (TSLA)

Tesla has faced a host of challenges in recent months. But one optimistic analyst who toured Tesla's Fremont, California, plant and its Nevada Gigafactory in recent days is doubling down on his bull thesis. Wedbush analyst Dan Ives described his time at the factories to Markets Insider, and explained why he walked away feeling optimistic about the company's direction.  Watch Tesla trade in real-time. Dan Ives really likes Tesla . He and his fellow Wedbush analyst Strecker Backe, along with...
Tags: Europe, Elon Musk, Wtf, California, China, US, Trends, Tesla, TSLA, SEC, Nevada, Morgan Stanley, Securities And Exchange Commission, Musk, FREMONT, Wedbush


What We're Reading ~ 3/20/19

T. Rowe Price: The Man, The Company & The Investment Philosophy [Cornelius Bond]How to take the outside view [McKinsey] Pitch on short Tesla [Dropbox]What is Amazon [Zack Kanter] Allen Zhang on the key product principles of WeChat [WeChat]KKR is too cheap [Yet Another Value Blog]Buying is easy, selling is hard [Bloomberg] In 12 minutes, everything went wrong: LionAir crash [NYTimes]The SaaS [Matrix Partners]How an app for gamers went mainstream [The Atlantic]The risk of low growth stocks: Pres...
Tags: Amazon, Hbo, Finance, Tesla, Bloomberg, Netflix, Atlantic, TSLA, Espn, Jack Dorsey, Ba, KKR, Vanity Fair, What We're Reading, Mckinsey, NFLX


A former Tesla investor explains why he thinks Elon Musk is the wrong person to lead the company, why he dumped the stock, and what he’s now buying instead (TSLA)

Tesla's Feb. 28 announcement that it will close all physical stores was so unexpected that it prompted one registered investment advisor to dump its entire stake in the company.  Tesla has since reversed its decision, but Alex Chalekian — the CEO of Lake Avenue Financial — still feels it's not in the best interests of his clients to hold the company's shares.  In an interview with Business Insider, he outlined the issues he has with Tesla and Elon Musk, and where his firm is investing instead....
Tags: Spacex, Elon Musk, Trends, Tesla, TSLA, SEC, Fintech, Musk, El Chapo, Northern Trust, John Chen, Tesla The Boring Company, Alex Chalekian, Lake Avenue Financial, Chalekian, Pyramid Technology


Tesla is asking employees to volunteer and help deliver 30,000 cars before the end of the quarter (TSLA)

Mad dashes to deliver cars by the end of a quarter aren't new at Tesla, and an internal email seen by Business Insider shows this period is no exception.  VP Sanjay Shah asked employees to help deliver 30,000 cars over the last 15 days of the quarter.  CEO Elon Musk has acknowledged Tesla's delivery problem, and earlier this year the company purchase an auto-hauling logistics company.  Hours after unveiling its newest car, the Model Y, Tesla was once again asking employees to help deliver car...
Tags: Europe, Elon Musk, China, Trends, Tesla, TSLA, North America, Musk, Business Insider, Shah, Business Insider Tesla, Sanjay Shah


Elon Musk praises Tesla's rivals for finally building electric cars (TSLA)

Elon Musk, who famously open-sourced all of Tesla's patents, praised his competitors for their progress on electric vehicles.  At Tesla's Model Y unveiling on Thursday, Musk shared examples of how skeptical some media outlets were years ago.  Ford, Volkswagen, Porsche and more traditional automakers have all announced electric models in the years since — and Elon Musk isn't scared of the competition. Elon Musk has long been outspoken in his mission to advance electric transportation, regardle...
Tags: Elon Musk, Trends, Tesla, TSLA, Bugatti, Musk, Tesla Elon Musk, Mars Musk, Ford Volkswagen Porsche


Elon Musk wore custom Tesla-branded Jordan sneakers made of python skin at the company's Model Y unveiling (TSLA)

Tesla CEO Elon Musk sported some flashy custom sneakers on stage at the company's Model Y event on Thursday.   The shoes appear to be made by the company DM Customer Sneaker, which said they made them for the billionaire in January.  Some people on Twitter were more excited about Musk's shoes than the new Model Y car.  As Tesla CEO Elon Musk walked on stage for the company's Model Y unveiling Thursday night, a cry from the audience pierced the design studio's air: "I like your shoes!" That pr...
Tags: Elon Musk, Trends, Tesla, TSLA, Jordan, Musk, Mercedes Benz, Tesla Elon Musk, Philipp Moehring, DM Customer Sneaker, DM Custom Sneakers, Tesla Jordan, LikeTesla Tesla, Shell Cordovan


Elon Musk says Tesla's new Model Y SUV will outsell the Model S, Model X, and Model 3 combined (TSLA)

Tesla CEO Elon Musk said he expects the new Model Y SUV to outsell the Model S, Model X, and Model 3 combined. "I think it will probably sell, probably do more Model Ys than (Model) S and (Model) X combined, most likely," Musk said. While Musk remains optimistic about the vehicle, some on Wall Street have expressed concerns about the Model Y eating into sales for the Model 3. Tesla CEO Elon Musk said he expects the new Model Y SUV to outsell the Model S, Model X, and Model 3 combined. "I thin...
Tags: Elon Musk, US, Trends, Tesla, TSLA, Goldman Sachs, Goldman, Musk, Tesla CEO Elon Musk, Hawthorne California, Tesla Elon Musk


Tesla opens up orders for its long-awaited Model Y SUV, but production won't begin for a while (TSLA)

Tesla unveiled its newest vehicle, the Model Y SUV, on Thursday. Production of the more premium Model Y models will begin in 2020. The standard version, which will begin pricing at $39,000 before incentives, will go into production in 2021. The unveiling comes at a time when Tesla is facing mounting financial pressure and, according to some analysts, a demand problem. Tesla fans can now place an order for the company's long-awaited Model Y SUV, at least for the premium versions. But they will...
Tags: Elon Musk, US, Trends, Tesla, TSLA, Goldman Sachs, Goldman, Musk, Mercedes Benz, Hawthorne California


Tesla is about to reveal the Model Y — here's how much it could cost (TSLA)

Tesla will unveil its upcoming Model Y crossover SUV on Thursday. The automaker's CEO, Elon Musk, has said the vehicle will be about 10% more expensive than Tesla's Model 3 sedan, which starts at $35,000, though he has not specified whether the 10% premium will apply to multiple trims or just the base model. Predictions from three analysts would give the Model Y a price range of around $40,000 to $85,000. Tesla will reveal its upcoming Model Y crossover SUV on Thursday. The automaker's CEO, E...
Tags: Elon Musk, Trends, Tesla, TSLA, Goldman Sachs, Aston Martin, Business Insider, Wedbush Securities, Lagonda, JD Power, Model X Musk, Daniel Ives, Internal Tesla


Tesla is set to unveil the Model Y — and one analyst says it could double the company's addressable market (TSLA)

Wall Street analysts are rife with predictions for Tesla's Model Y, set to be unveiled tonight.  Gene Munster of Loup Ventures estimates the new car could double Tesla's total addressable market.  The company shared a teaser of the car on Twitter Thursday.  Tesla's Model Y is set to be unveiled on Thursday night. The company released a teaser video in the hours leading up to the event, which kicks off at 8 PM Pacific at Tesla's design studio in Hawthorne. Meanwhile, Wall Street predictions fo...
Tags: Trends, Tesla, TSLA, Epa, Pacific, Munster, Gene Munster, Muenster, Loup Ventures


Tesla is in 'demand hell' ahead of its Model Y unveiling, Wall Street's biggest bear says (TSLA)

Tesla is mired in "demand hell" ahead of Thursday's Model Y unveiling, the most negative Tesla analyst on Wall Street said. The electric-car maker is facing waning demand in the US and China, said Vertical Group analyst Gordon Johnson, who has a $72 price target — 75% below where shares were trading Thursday. Other analysts have also pointed to demand as a core problem for Tesla. Watch Tesla trade in real-time. Last fall, in the throes of a turbulent stretch for the electric-car maker, Tesla...
Tags: Europe, Elon Musk, New York, China, US, Trends, Tesla, Porsche, TSLA, SEC, Jaguar, Johnson, Audi, Morgan Stanley, Musk, Mount Rushmore


Tesla stock is gaining ground ahead of its Model Y unveiling (TSLA)

Tesla shares were up more than 2% on Wednesday and Thursday as the electric-car maker gets set to unveil its Model Y on Thursday evening. The sport-utility-vehicle crossover, which consumers prefer over sedans, is expected to drive significant sales. Watch Tesla trade live. Tesla shares were up 1% Thursday as investors anticipated the rollout of the Model Y, a sports-utility-vehicle crossover which will share 75% of its parts with the Model 3. The unveiling event is set for 8 p.m. PT at the ...
Tags: Elon Musk, Trends, Tesla, TSLA, SEC, Wedbush, Ives, Hawthorne California, Musk Co, SEC Musk, Dan Ives Ives, Ives Tesla


Tesla is about to unveil the Model Y. Here's everything we know about the vehicle so far. (TSLA)

Tesla will unveil its next vehicle, the Model Y crossover SUV, on Thursday. Tesla CEO Elon Musk has said the vehicle will transform Tesla's manufacturing process. Statements from Musk and leaked Tesla documents have provided hints about the Model Y's features and production process. Tesla will unveil its next vehicle, the Model Y crossover SUV, on Thursday. The vehicle will be the automaker's second SUV and will be built on the same platform as Tesla's most recent vehicle, the Model 3 sedan. ...
Tags: Elon Musk, Trends, Tesla, TSLA, Goldman Sachs, Musk, Gigafactory, Reuters, Reno Nevada, Tesla CEO Elon Musk, Wedbush Securities, Daniel Ives, Nevada Gigafactory


Leaked email reveals Elon Musk must approve all new Tesla hires (TSLA)

All employees hired by Tesla must receive CEO Elon Musk's approval, according to an email sent to Tesla recruiting employees in February. "All headcount requests from the business must get Elon approval," the email says. "Evidence of this sign off is required." The email also suggests that Tesla has introduced higher standards for hiring. Tesla declined to comment.  All employees hired by Tesla must receive CEO Elon Musk's approval, according to an email sent to Tesla recruiting employees in ...
Tags: Elon Musk, China, Trends, Tesla, TSLA, SEC, Morgan Stanley, Cnbc, Musk, Elon, Mercedes Benz, CEO Elon Musk, Electrek, Autopilot Tesla


Tesla just laid off 150 recruitment workers as part of its broader cost cutting (TSLA)

Tesla laid off 150 people from its recruiting team, Electrek reported Tuesday. The layoffs amounted to about one-third of the team, according to the report,. The move is latest in a series of steps Tesla has taken to shore up its finances. Tesla on Tuesday laid off about 150 people from its recruiting team, amounting to about one third of the staff in the operation, according to Electrek. Those affected by the move were informed Tuesday and will be getting severance from the company, Electrek...
Tags: Elon Musk, Trends, Tesla, Nintendo, TSLA, SEC, Electrek


Tesla is facing an 'air pocket' in demand earlier than expected, Morgan Stanley says (TSLA)

Tesla shares slipped Tuesday after Morgan Stanley lowered its price target for the second time in as many months. The electric-car maker is facing a demand slowdown earlier than Morgan Stanley analysts had expected. The firm's report comes one day after CEO Elon Musk responded to the Securities and Exchange Commission's request he be held in contempt of court. Watch Tesla trade live. A confluence of volatile issues at Tesla has led Morgan Stanley to slash its outlook for the second time in a...
Tags: Elon Musk, Trends, Tesla, TSLA, SEC, Morgan Stanley, Securities And Exchange Commission, Musk, McDonald, Adam Jonas


Tesla customers can now pay up to $200,000 to reserve the electric Semi truck on the company's website (TSLA)

Tesla is allowing customers to reserve its upcoming electric semi-truck, the Semi, on its website. A reservation for the standard version of the Semi costs $20,000, while a reservation for the "founders series" version costs $200,000. Tesla says on its website that it expects the standard Semi to start at around $150,000 and the founders series version to cost around $200,000. Tesla plans to begin production for the Semi in 2020. Tesla is allowing customers to reserve its upcoming electric ...
Tags: Trends, Tesla, Bloomberg, TSLA, SEC, Morgan Stanley, Boeing, Daum, Bugatti, Daimler, Musk, Semi, UK China, Martin Daum, Pepsi Walmart, Anheuser Busch Read


Tesla slashed prices for the Model 3 — but took away any incentive for its employees to sell the new version (TSLA)

Tesla erased commissions for vehicles sold that were not in inventory, three current employees tell Business Insider.  That meant no $200 bonus for workers who sold the new $35,000 Model 3, or any other standard range car.  The changes come after Tesla made drastic cuts to its bonus structure, cut salesperson pay, and forced all sales employees to sell both cars and energy systems.   Tesla might have lowered prices on many of its cars, but employees say it has also slashed their incentive to ...
Tags: Trends, Tesla, TSLA, Business Insider


Tesla is raising the prices on cars that it marked down less than 2 weeks ago (TSLA)

Tesla is raising prices on every car except the $35,000 Model 3, the company said Monday.  The reversal comes less than two weeks after announcing discounts on all of its cars and shifting to an online-only sales model.  Tesla also backtracked on its move to close most of its stores, saying it will keep "significantly more" open.  Morale among Tesla employees has fallen drastically over the past week, with one salesperson saying the office was like a morgue.  Less than two weeks after discoun...
Tags: Trends, Tesla, TSLA


Tesla slips after saying it's reducing the number of store closures and raising prices (TSLA)

Tesla on Sunday announced that it would reduce the number of store closures that it had previously announced. The electric-car maker said that keeping more stores open will cause it to raise the price of its cars. At the end of February, Tesla said it was moving to an online-only sales model and was closing most of its stores in order to slash vehicle prices by 6%. Watch Tesla trade live. Tesla was down 0.54%, trading near $282.60 a share early Monday, after the company hit the brakes on ...
Tags: Trends, Tesla, TSLA, Mount Rushmore, Telsa


Tesla won't 'ever report another profitable quarter,' former hedge-fund manager Whitney Tilson says (TSLA)

The former hedge-fund manager Whitney Tilson doubled down on his Tesla short thesis on Friday, saying he doesn't "think the company will ever report another profitable quarter." Tilson predicted earlier this week that Tesla shares would fall below $100 by the end of this year. Last week, Tesla unveiled its $35,000 Model 3 sedan and said it would close most of its retail stores. Watch Tesla trade live. The former hedge-fund manager Whitney Tilson on Friday doubled down on his short thesis aga...
Tags: Elon Musk, North Korea, Trends, Tesla, TSLA, Morgan Stanley, Musk, Kim Jong, Wedbush, Adam Jonas, Whitney Tilson, Tilson, Kase Capital, Dan Ives, In February Musk, Raven Tilson


Tesla made a drastic change to its bonus structure before deciding to cut costs by closing stores, salespeople say (TSLA)

Tesla dramatically altered its bonus structure for retail employees last year, current advisers tell Business Insider.  At the same time, the company merged all sales roles to encompass both car and energy products.  The changes came as Tesla raced to deliver vehicles ahead of a quarterly deadline.  Last week, CEO Elon Musk announced the company shuttering most of its retail stores and shifting all sales to the internet.  Ahead of Elon Musk's surprise announcement that Tesla would close most ...
Tags: Elon Musk, Trends, Tesla, TSLA, Cnbc, Ahead of Elon Musk


Tesla is reportedly sending hourly employees home early and asking them to take time off as the company cuts costs (TSLA)

Tesla is engaging in a significant cost-cutting effort that has affected employee work schedules and the supply of some small parts used to make vehicles, CNBC reports. Tesla declined Business Insider's request for comment. CNBC also reports that Tesla has laid off around 8% of its employees in the last week, a move Tesla CEO Elon Musk said was necessary to lower the price of the automaker's Model 3 sedan. Tesla is engaging in a significant cost-cutting effort that has affected employee work ...
Tags: Elon Musk, Trends, Tesla, TSLA, Cnbc, Musk, Milo, Fremont California, Sparks Nevada


Millennials are piling into Tesla following the announcement of its $35,000 Model 3 (TSLA)

Tesla last week announced the availability of a $35,000 version of the Model 3. Millennials have been scooping up shares since the announcement, according to data provided by the free trading app Robinhood. Watch Tesla trade live. Millennials have been snapping up Tesla shares after the electric-car maker last week announced that it was taking orders on a $35,000 Model 3. Alongside the announcement, the company also said it would be shuttering most of its stores and begin selling the company...
Tags: Trends, Tesla, TSLA, Robinhood Watch Tesla, Amazon Aurora Cannabis


A Tesla investor explains the final straw that made him sell his entire stake in the company (TSLA)

Elon Musk surprised Wall Street last week by announcing Tesla would close most of its 378 retail stores around the world. For Alex Chalekian, CEO of a firm with about $150 million AUM, that move was the final straw.  Chalekian talked to Business Insider about why he was exiting his stake, even after weathering a 2018 that saw Tesla marred by production issues, financial uncertainty, and a lawsuit from the SEC.  Alex Chalekian had weathered plenty of storms with his Tesla investment. Like most...
Tags: Elon Musk, Trends, Tesla, TSLA, SEC, Musk, Mercedes Benz, Alex Chalekian, Lake Avenue Financial, Chalekian


Elon Musk doubled down on his goal to make a Tesla that's less expensive than the Model 3 (TSLA)

Tesla CEO Elon Musk said the automaker will one day make vehicles that cost less than its Model 3 sedan, which starts at $35,000 before federal and state incentives. But it will take around three years for such a vehicle to arrive, Musk said on Thursday. Musk declined to name potential price points for any future, lower-priced vehicles, but he said during a 2018 interview that Tesla may make a car that costs $25,000 in around three years. Tesla CEO Elon Musk said the automaker will one day ma...
Tags: Elon Musk, Trends, Tesla, Porsche, TSLA, Bugatti, Musk, Marques Brownlee


Tesla's reputation with consumers took a big hit after a wild year, according to a new poll (TSLA)

Tesla fell 39 spots in an annual ranking of brand reputation polled by Axios and Harris.  The survey asked more than 6,000 adults to pick two companies with the best and worst reputations, and asked thousands more to pick the most visible 100 brands in America.  2018 was a wild year for Tesla, full of executive departures, production issues, and fights with federal regulators.  An odd year full of regulatory fights, a slew of executive departures, and more has left Tesla falling out of favor ...
Tags: Facebook, Elon Musk, US, Samsung, America, Trends, Tesla, Ford, Sony, TSLA, Toyota, Honda, Hyundai, 21st Century Fox, HARRIS, Cambridge Analytica



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