Interestingly enough, Musk said the launch of the Model 3 had not caused a problem for either the Model X or the Model S. In fact, demand for both vehicles has increased due to the release of the lower-priced auto.
Tesla Inc. (NASDAQ:TSLA)'s stock had its "underperform" rating reissued by equities researchers at Bank of America Corporation in a report released on Thursday. Nearly $1bn was spent in the quarter to bring the Model 3 into mass production. Many critics seem to believe so - with an MSRP of $35,000, the Model 3 is certainly more cost-effective than previous Tesla cars. So, what exactly does that mean? The company delivered the first 30 Model 3s to employees two weeks ago. The demand/supply gap is clearly in favour of Tesla.
A team of Italian Tesla owners have established a new "hypermilling" record, driving a Model S 100D 1078 kilometers (about 670 miles) on a single charge. In fact, the actual scenario has been the exact opposite of what was feared.
All eyes are on the Model 3 right now, but late last week, Tesla silently dropped the price of its electric SUV by $3,000, bringing the window sticker for a base Model X 75D from $82,500 to $79,500.
Taylor Swift expected to testify about claim a radio host groped her
District Court in Denver , Colorado, as the claim is over $75,000 and Swift and Mueller live in different parts of the country. He claims he was sacked after Swift falsely accused him of grabbing her and he is seeking up to $3 million in damages.
Asean, China adopt S.China Sea 'code of conduct' framework
Chinese Foreign Minister Wang Yi meets reporters after the China-ASEAN Foreign Ministers' Meeting in Manila, the Philippines on Aug.6, 2017.
Taliban gunmen seize building in Afghan town
The four soldiers were being treated at a coalition medical facility for non-life-threatening wounds, Resolute Support said. They died outside of Kandahar city and mark the eighth and ninth Americans killed by hostile fire in Afghanistan this year.
Another way to put this record is that you could drive from NY to Detroit in a Tesla on a single charge (actually, a litter farther than that).
Last week, Tesla announced plans to spend about $2 billion in capital expenditures during the second half of the year to increase production of Model 3. Investors desperate for income have depressed the yield gap between single-B-rated junk bonds and United States Treasury bonds by almost 2 percentage points over the past year, to 3.59 points, according to Bank of America Merrill Lynch. But how about all the other cars that are more than a year old?
Equity analyst Goldman Sachs both downgraded the stock and lowered the price target on October 6 changing the price objective from $250.00 to $185.00 and changing the rating from "Buy" to "Neutral".
Goldman Sachs, Morgan Stanley, Barclays, Bank of America-Merrill Lynch, Citigroup, Deutsche Bank and RBC were some of the institutionals participating in the fund-raising round. While it is not surprising to see analysts putting forth these risks, the huge divergence in Wall Street estimates (If Jonas estimates are anything to go by) and Management guidance could open up a good opportunity for Tesla stock investors. Munster says Tesla will play a central role in "paradigm shifts" to electric and autonomous vehicles that could transform the sector. Tesla also was the recipient of unusually large options trading on Thursday. Outside you pack full LED lighting, eight cameras, forward radar and twelve ultrasonic sensors for the active safety technologies - as well as 4 year, 50,000 mile limited warranty and 8 year, 100,000 mile (120,000 mile with Long Range Battery) for the pack.