Tesla - Page 22

Sam Abuelsamid, a senior research analyst for Navigant, recently told Business Insider that Tesla CEO Elon Musk’s comments about Tesla’s autopilot capabilities could put drivers at risk.

In a recent article, the Wall Street Journal discusses a growing problem for Tesla as they produce more Model 3 vehicles — the company’s ability to service them.

Tesla’s former president of global sales and services will reportedly be questioned by lawyers for pension and investment funds who believe that Tesla CEO Elon Musk lied when convincing them to back his $2.6 billion buyout of SolarCity.

The LA Times published an article recently taking Tesla CEO Elon Musk to task over claims that the company’s Model 3 vehicle cost $35,000 — after factoring in potential savings on gas compared to a regular car.

German auto giant Volkswagen has reportedly invested 80 billion euros in mass-producing electric vehicles, which one executive referred to as the future of the company’s brand.

Former Tesla workers have provided worrying accounts of the current state of the company’s production plant in Buffalo, New York. One employee claims production was “fabricated for show” during a recent media tour of the plant.

Tesla critics have launched a website recently which is designed to showcase drone photos and crowdsourced investigations to keep track of Elon Musk’s company and factory activity levels.

According to recent reports, sales of Tesla’s Model 3 vehicle in January plummeted by as much as 74 percent compared to sales in December.

Tesla CEO Elon Musk discussed the issue of demand for Tesla cars on an investor call Wednesday, stating that demand is “insanely high,” but that people just cannot afford Tesla’s cars.

Tesla’s Chief Financial Officer has resigned from the company shortly after the release of its fourth-quarter earnings report, joining a long list of executive departures from Elon Musk’s car company, including many finance and accounting leaders.

Tesla’s shares dropped in after-hours trading after the company posted its fourth-quarter earnings report, revealing profits that fell short of Wall Street’s expectations.

A recent report in the Guardian claims that Tesla cut an entire quality control department as part of recent mass workforce layoffs.

New reports state that if Elon Musk’s Tesla doesn’t see its stock rally by 21 percent in the next month, the company will be forced to pay $920 million cash as bonds come due.

Following yet another crash related to Tesla’s autopilot feature, Elon Musk’s electric car manufacturer has claimed that the driver’s use of autopilot was “contrary to proper use.”

In a recent article, the Chicago Tribune states that Wall Street analysts are “waking up from the dream” of Elon Musk’s Tesla following mass layoffs and lowered production of certain models.

Elon Musk’s Tesla announced a reduction in the production of its Model S and Model X vehicles, resulting in its share price dropping sharply this week.

The Guardian published an article recently which outlines how some of Elon Musk’s charitable interests have benefited his own various businesses and personal interests.

A new report claims that Tesla has refused to pay a laid-off worker bonus payments linked to his hiring and performance.

Just one day after announcing an increase in charging prices at Supercharger stations worldwide, Tesla has now stated that the announced price increases are being rolled back after customer backlash.

Elon Musk’s Tesla has drastically increased the price of their Supercharger stations worldwide shortly after the company announced mass layoffs and the shutdown of their referral program.

The LA Times published an article recently which provides a more in-depth look at Tesla’s recent decision to end their referral rewards program.

A few days after Elon Musk’s rocket company SpaceX announced that it was cutting ten percent of its workforce, his electric car company Tesla has said it is cutting seven percent of its workforce as well.

Tesla CEO Elon Musk revealed via Twitter today that the electric car manufacturer would be ending its popular customer referral program soon, stating that the program proved too costly.

Tesla investors reportedly believe that the company’s CEO Elon Musk may have made yet another joke about marijuana, this time when selling a company debt security.

Ford, Nissan, and GM announced new moves into the world of electric vehicles, creating further competition for Elon Musk’s Tesla.

Tesla CEO and SpaceX founder Elon Musk tweeted images of the now completed starship “Hopper” test flight rocket to great praise from the tech media, but those on social media noted it’s lack of similarity to artist’s renderings and remain skeptical of its flight worthiness.

Tesla CEO Elon Musk recently promised on social media that future Tesla vehicles will have the ability to fly while announcing the same day that Tesla will no longer be producing certain popular Model S vehicles.

A lawsuit recently filed against Tesla accuses Elon Musk’s car company of negligence following the death of two teenagers and injury of third in a fiery crash in 2017, alleging the company installed a defective battery pack and removed a speed limiter installed in the car.

In 2018 Elon Musk’s Tesla faced huge production issues, now, according to one venture capitalist, as the company works to remedy those issues it appears that demand for its cars may be waning.

SpaceX and Tesla CEO Elon Musk posted a meme on Twitter accusing Neil Armstrong, the first man to walk on the moon, of being an alien.

A recent report claims that Tesla CEO Elon Musk is doing his best to avoid his girlfriend — popular singer Grimes — from being included in investigations related to a lawsuit over his infamous “funding secured” tweet.

A new financial analysis from JPMorgan on Thursday suggests that Tesla stock could drop another 27 percent after Wednesday’s mass selloff.

A recent report from CBS News notes that Elon Musk’s Tesla produced more cars than were ordered during their fourth quarter, which when combined with new price cuts for the electric cars, is leading many analysts to worry about consumer demand for the cars.

Tesla shares plummeted by as much as nine percent Wednesday after the company once again failed to meet delivery estimates for the fourth quarter.

Elon Musk has a history of well documented personal vendettas against many people and organizations. This does not bode well for the future of his companies, as demonstrated in a recent 60 Minutes interview.

Tesla has announced the appointment of Oracle founder Larry Ellison and Walgreens executive Kathleen Thompson-Wilson to its board of directors, in compliance with its SEC settlement. Neither has any manufacturing industry experience.