255.21 +1.67 (0.66%)
Pre-market: 7:02AM EDT
|Bid||255.10 x 1800|
|Ask||255.65 x 1300|
|Day's range||251.88 - 255.69|
|52-week range||176.99 - 387.46|
|Beta (3Y monthly)||0.34|
|PE ratio (TTM)||N/A|
|Earnings date||24 Jul 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||277.50|
Jul.17 -- Tesla Inc. cut the list price of a fully loaded performance edition of the Model 3 sedan on July 11, angering recent buyers. Bloomberg's Keith Naughton has more on "Bloomberg Technology."
Jul.17 -- Tesla Inc. Chief Executive Officer Elon Musk speaks about Neuralink, a company he founded in 2017 to develop a data transmission system between people and computers. “This is going to sound pretty weird, but ultimately, we will achieve symbiosis with artificial intelligence,” Musk said at a news conference Tuesday night in San Francisco.
The new V3 Supercharger, which supports a peak rate of up to 250 kilowatts, isdesigned to dramatically cut charging times for its electric vehicles
Tesla is one of those companies that everyone wants to succeed because it symbolizes not only a cultural shift towards a cleaner world but a drive to reach levels of innovation that humans never thought was possible.
Tesla stock turned negative after Needham & Company's Rajvindra Gill reiterated his “underperform” rating on concerns about the company's delivery target.
Ford Motor Company (F) is in the middle of a very strong year, with its stock price up 35.1% YTD. This year has helped Ford recover from a very disappointing 2018, yet it has only regained about half of its losses so far.
The President of Neuralink, Max Hodak, shares his experience working with the iconic billionaire entrepreneur Elon Musk.
Toyota (TM) announces plan to scrap the production of Corolla compact cars at its new factory under construction in Alabama. Daimler (DDAIF) issues profit warnings on regulatory and recall costs.
Regulatory concerns have become real for technology companies as tech innovations pervade our modern existence with lasting impact on our future.
Billionaire Elon Musk unveiled his idea for the Hyperloop, an ultra high-speed transit system, six years ago. Here's one design team's submission for a prototype Hyperloop pod.
Tesla (TSLA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- Laurence Blau, 78, woke up Tuesday morning to a frustrating figure: $6,410.That’s the dollar amount that Tesla Inc. had lopped off the list price of a fully loaded performance edition of the Model 3 sedan the night before. Blau, who paid $68,400 for the car less than three weeks earlier, called it a “bitter pill to swallow.”“It shakes my faith,” the three-time Tesla owner said in a phone interview.Blau, a corporate real estate broker in Paramus, New Jersey, is, of course, just one customer. And he isn’t necessarily even swearing off buying Teslas. But his grievance underscores a broader dissatisfaction among the Elon Musk faithful with the dizzying string of changes -- both hikes and cuts -- to the prices of Teslas. They’ve come one after another in recent months, a reflection of the internal confusion within the company over how to navigate through shrinking U.S. incentives, aging model lines and pressure to boost deliveries without compromising profit.Soon after Tesla cleaved the cost of the Model 3 late Monday, an owner on one of the company’s online forums started a thread with a tongue-in-cheek initial post: “Let the whining begin!”Musk has fielded many complaints personally -- and publicly -- on Twitter. Much like Tesla has wavered with its pricing, he’s oscillated from adamant, to apologetic, to apathetic, to argumentative. And for the chief executive officer of a company that’s sought to revolutionize car-buying, he’s offered up a perhaps unlikely excuse: Hey, other automakers are doing this, too.Conventional carmakers and their dealers indeed make frequent tweaks to rebates and incentive offers. But it’s rare for manufacturers to switch up suggested retail prices between model years.And Musk’s claim that Tesla has been “transparent and consistent” runs counter to some of the company’s closest followers. The usually pro-Tesla blog Electrek wrote late Monday that Tesla’s “chaotic” pricing strategy had become “kind of a running joke.”Tesla kicked off the year with an across-the-lineup price cut to partially offset the U.S. tax credit for its cars halving to $3,750. Representatives for the company didn’t respond to questions about the latest price change for the Model 3, which one analyst said was linked to the federal incentive dropping again to $1,875 as of July 1.The price swings may also reflect Musk’s struggle to manage through the Model 3 seeming to cannibalize demand from the older and pricier Model S and X. While analysts fear this could be crimping profit margins, Tesla’s move to stop offering a cheaper, standard-range version of the vehicles could counter any such trend.For Blau, even when factoring in the smaller tax credit, he would have saved about $4,500 had he waited to buy a loaded Model 3 now instead of late last month.When he visited his hometown showroom Tuesday morning to demand a refund, a store representative offered him a free wall charger. Blau declined.“I got very upset,” he said. “My complaints fell on deaf ears.”To contact the reporters on this story: Keith Naughton in Southfield, Michigan at firstname.lastname@example.org;Kyle Lahucik in Southfield at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org;David Papadopoulos at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A Congolese army officer arrived in the village of Kafwaya in June and warned residents not to trespass on a major Chinese copper and cobalt mine next door. Deploying soldiers to clear tens of thousands of illegal informal miners from mining concessions is a new approach by the authorities in Democratic Republic of Congo, who have wrestled with the problem for decades.
On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.
The electric car company is making price cuts to some of its vehicles and announced updates to its lineup.
Tesla CEO Elon Musk tweeted Tuesday that the price of its full self-drivingoption will increase by $1,000 on August 16
(Bloomberg) -- Tesla Inc.’s Elon Musk is standing by a claim that the company’s electric cars will be appreciating assets once they’re capable of driving themselves.Musk, Tesla’s chief executive officer, first made the claim in a podcast interview in April that the company’s vehicles will gain in value because they’ll eventually be capable of fully autonomous driving. He stood by this in a reply to a follower who wrote Tuesday that he was unsure if the CEO was joking or making a “really dumb” statement.Quinn Nelson, the owner of a media company that produces videos about tech products, kept engaging Musk in a debate over the claim, which Nelson said “makes no sense.” The CEO replied that Tesla is bundling full-self driving -- or FSD -- into all cars the company builds, and that Tesla will be unable to keep up with demand when the vehicles are capable of complete autonomy.With the exception of collectors’ cars and other rare cases, depreciation has been a fact of life for automakers, dealers and rental-car companies for decades. While Kelley Blue Book has handed Tesla a best resale value award for its Model 3, for example, the car-shopping researcher estimates the sedan retains about 69% of its value after three years.“It’s a tall order to expect vehicle values to appreciate,” said Eric Ibara, director of residual values at Kelley Blue Book. “It would require a phenomenal execution of autonomous driving that the rest of the industry cannot replicate.”Minutes after engaging in the dispute, Musk, 48, tweeted that Tesla will raise the price of the full-self driving package offered on its vehicles by about $1,000 a month from now.To contact the reporter on this story: Craig Trudell in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Tesla Inc. cut the starting price of the Model 3 sedan in the U.S. weeks after a federal tax credit shrank in half, renewing concern over whether the electric-car maker can sustain sales with less support from incentives.The Model 3 now starts at $38,990, according to Tesla’s website. Arndt Ellinghorst, an analyst at Evercore ISI, wrote in a report Tuesday that the halving of the U.S. tax credit to $1,875 at the beginning of July is causing the company to reduce prices to support demand.“The key question remains -- will Tesla be able to sustain itself given steadily declining ASPs and worsening mix?” Ellinghorst wrote, referring to the average selling prices of the company’s vehicles dropping as the Model 3 becomes a greater share of deliveries.Tesla shares fell as much as 2.2% to $247.93 shortly after the start of regular trading Tuesday. The stock was down 24% this year through Monday’s close.While the starting price of the Model 3 has dropped, Tesla’s moves to simplify its lineup include dropping a standard-range version of its larger and more expensive Model S sedan. The cheapest version available is now $79,990, according to the company’s website.Tesla also cut prices on all vehicles shipped to China, with the Model 3 dropping to 355,900 yuan ($51,764) from 377,000 yuan, according to a Tesla representative. Prices of the Model S and Model X were cut about 4% to 776,900 yuan and 790,900 yuan, respectively.The changes won’t affect prices of Model 3s that will be produced near Shanghai, according to the representative. Tesla is expecting to begin output at a factory there later this year.Tesla is adjusting prices “in order to continue to improve affordability for customers,” the Chinese unit said in a statement. “We are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3.”(Updates share move in the fourth paragraph.)To contact Bloomberg News staff for this story: Yan Zhang in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Trudell at email@example.com, ;Young-Sam Cho at firstname.lastname@example.org, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.