Elon Musk: Tesla Came Within ‘Single Digit Weeks’ from Dying This Year
Tesla CEO Elon Musk claimed the company came extremely close to dying this year following issues with the Model 3 sedan.
Tesla CEO Elon Musk claimed the company came extremely close to dying this year following issues with the Model 3 sedan.
Tesla was forced to deny a report by highly rated Silicon Valley tech analysts at Needham & Company that cancellations for its Model 3 sedan are outpacing new orders.
Shortly after Tesla managed to meet their milestone of producing 5,000 Model 3’s a week, demand for the cars has dropped significantly.
Tesla CEO Elon Musk reportedly told workers to stop performing a critical brake test on Model 3 cars as the company rushed to meet a self-imposed milestone of 5,000 cars produced per week.
Elon Musk’s triumphant Sunday afternoon tweet, claiming that Tesla produced 7,000 cars in 7 days, spiked the company’s stock market value higher by $4 billion at the opening of trading on July 2 — but it crashed by $6 billion by the close.
Tesla managed to hit their 5000 Model 3 cars a week production milestone by pushing both workers and robots to the breaking point, building a production line in a tent, and declaring 300 welds in the vehicle “unnecessary.”
Tesla is reportedly suing a former employee for the alleged theft of confidential company data and for making false claims to the media.
Tesla CEO Elon Musk has claimed in a recent company email that an unnamed Tesla worker has purposefully caused ‘extensive and damaging sabotage’ to Tesla’s production line.
In an email to employees, Tesla CEO Elon Musk called for “radical improvements” so that the company can reach quarterly targets.
Elon Musk acknowledged Sunday that Tesla, at its current production rate, would “lose money and die” if it sold Model 3 mass-market sedans at the promised price of $35,000.
Tesla CEO Elon Musk has admitted that the company’s new Model 3 car has problems with its braking system but that this will be fixed with a software update to the car.
Elon Musk’s electric car company Tesla has stopped production on their already delayed Model 3 sedan and has replaced their automated production robots with human workers.
Tesla Motors stock jumped by 6 percent Tuesday after the company announced that record weekly Model 3 production of 2,020 units means the company will not have to raise capital in 2018.
Tesla’s factory was fined $139,000 for emitting the same type of toxic NOx into the atmosphere that their electric-vehicles are supposed to eliminate.
The first Consumer Reports review of a Tesla Model 3 found the all-electric sedan for the middle class has great handling, but that the ride quality is very poor.
With analysts slashing Tesla’s earnings estimates, and its stock diving toward an eight-month low, CEO Elon Musk took to Twitter to spin fanciful dreams of a full-size electric pick-up.
November 16 may go down in history as serial entrepreneur Elon Musk’s biggest day as he graces the cover of Rolling Stone magazine, manages SpaceX’s secret Zuma satellite launch, hosts the gala premier of the Tesla Semi heavy duty all-electric truck, all while responding to a Tesla racism lawsuit.
Tesla Inc. bought its automated machine tooling vendor after delays in its supposedly robotic Model 3 production line caused its stock to plunge by $15 billion in 6 weeks.
Tesla burned $13 million more cash per day to achieve record deliveries of just 12 more cars per day in a dismal third quarter.
Tesla reported dramatically better revenues Wednesday, and a much smaller loss for the quarter, sending its stock up by 6 percent as investors who had sold short were crushed.
Motor Trend magazine declared its first road test of a production Tesla Model 3 all-electric-vehicle as a winner — if customers are willing to pay $60,000.
Tesla’s $57-per-share stock crash this week, after the company announced good news for the launch of its Model 3, seems even more justified with the release of Tesla’s poor June U.S. sales figures.
Tesla’s Stock crashed on Monday, a day after Elon Musk tweeted that Tesla’s Model 3 had passed all regulatory requirements and initial units would begin rolling off the assembly line on July 7.
Tesla stock plunged in after-hours trading Wednesday as the all-electric car maker dropped by over 5 percent following revelations that it spent $622.4 million in the last 90 days in an all-out effort to launch its Model 3 sedan.
Elon Musk entertained the 2017 TED Conference by previewing how Tesla intends to solve almost all vehicle congestion by massive boring under cities to create an all-electrical tunnel transport system.
Tesla stock jumped by 3 percent on April 10 to pass Ford and GM as America’s most valuable auto maker in just 14 years.
The Tesla Model 3 sedan is on track to introduce the world’s top safety features — if the company doesn’t collapse financially before many of the cars reach the market.
Some analysts fear Tesla will either be financially insolvent in four months, or have to sell huge amounts of stock to stay afloat.
Tesla Motors Inc. reported this week that revenue nearly doubled in the latest quarter. The all-electric car company reported its first quarterly profit in over three years, thanks to cashing in $139 million of California tax credits.
Tesla has unveiled the world’s fastest production car, a Model S with a “Ludicrous Mode” that allows it to accelerate from 0-to-60 miles per hour in 2.5 seconds, while also being the first electric vehicle with a range of over 300 miles.
Tesla Motors Inc. (TSLA:NYSE) will release its second quarter 2016 results on August 3, with the company still losing gobs of cash, stock down 12 percent in the last 12 months, the hands-free autopilot suffering three product failure crashes, and the SEC looking into the company regarding accounting violations prior to the autopilot allegedly killing a driver.
Tesla Motors Inc. appears to have missed its revenue target for the latest quarter by $315 million, suggesting the company is much better at selling cars than making them.
Despite Tesla Motors Inc. never meeting any unit production targets or making a profit in the last five years, CEO Elon Musk told shareholders this week that through the magic of physics, he will revolutionize the auto industry to increase production by 1,100 percent, and profitably.
The United Auto Workers union announced that it will be targeting Tesla Motor’s Fremont, California factory for unionization efforts, now that the electric vehicle maker plans to ramp up production to over 500,000 units a year.
Despite huge push-back Breitbart News received for warning April 1 that spiking lithium price inflation could seriously damage or destroy Tesla Motors, Inc.’s business model, Goldman Sachs has declared a new bull market in lithium, reflecting rising prices.
Despite expectations by the 325,000 Tesla Model 3 buyers that put down preorder deposits they would get $10,000 in federal and state rebates, it appears that all of them will get stiffed.
The $12.6 billion in pre-orders for the Tesla Model 3 on Mar. 31 demonstrates that Tesla Motors Inc. can produce incredible hype. But a day later, the company filed disclosure with the SEC admitting that it missed first quarter vehicle deliveries by almost 10 percent.
Tesla Motors Inc. caused a sensation by picking up $300 million in Model 3 customer deposit cash in just 96 hours this week. The hidden story: that money may have rescued Tesla from a precarious negative working capital crisis. Tesla now has the opportunity to become a profitable car company for the first time.
The glamour of the Tesla Model 3 premier this week created a huge surge in orders, but with commodity lithium prices used in Tesla batteries spiking 20 percent and expected to jump another 20 percent, inflationary costs may ruin Tesla’s electric car business.
Tesla Motors will host a gala introduction of its sexy and mass-market affordable $35,000 Model 3 at its Hawthorne Design Center on the evening of March 31.