The gains also came after Musk himself said in an email to employees late Friday that the company was on track for the "most incredible quarter in our history" and urged employees to ignore "fuss and noise" about the company in the media.
Tesla's Gigafactory, its lithium-ion battery-production facility, "creates a significant barrier for competition and manufacturing capability" that should benefit Tesla over the long term, Kallo and Katter said.
Model 3. Image source: Tesla. Then, earlier this month, a handful of Tesla executives announced their departure after Musk appeared on The Joe Rogan Experience podcast speaking on topics such as electric airplanes while sipping whiskey and smoking marijuana.
Shah noted that Tesla could very well out-innovate the competition, and the company may eventually become much bigger than it is today, but it would be wise to remain on the sidelines until the electric auto maker has better leadership.
On Tuesday, longtime bullish brokerage Nomura Instinet downgraded the stock to "neutral" from "buy" and slashed its price target by $100 to $300, citing Musk's "erratic behavior".
Tesla is removing obsidian black metallic and silver metallic from its standard color choices, according to a tweet from Musk.
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Celebs react to Serena Williams' controversial loss at US Open
Serena Williams was penalized a game for calling the chair umpire a thief during an extended argument as the U.S. The tournament referee's office Sunday docked Williams $10,000 for "verbal abuse" of chair umpire Carlos Ramos .
China's richest man Jack Ma to stand down from Alibaba
It transformed how Chinese people shop and pay for things, especially through the now ubiquitous Alipay digital payment service. The co-founder of $420the billion internet company, Jack Ma , has announced that he will be retiring from Alibaba on Monday.
Tesla's decline has been driven by accelerating "management credibility issues", a Needham & Co. analyst wrote in a report on Monday put an "under-perform" rating on Tesla.
But Sacconaghi said the company remained on track to meet key auto manufacturing targets in the third quarter and predicted shares would return to their historic range as the aborted go-private campaign becomes a more distant memory. Musk tweeted on August 7 that he was considering taking Tesla private at $US420 per share and had secured the funding, but later reversed course. Musk has promised that as it sells more Model 3s the company will turn a sustained net profit starting this quarter.
After last week's live interview, Tesla's stock tumbled on Friday, also due to the resignation of Chief Accounting Officer Dave Morton, who is quitting after just one month on the job.
This morning, however, it seems the Tesla stock has rebounded and is trading around what it was before the smoking news was released.
Per usual, analysts have plenty to say about the stock.
Disclosure: Author owns shares of Ford.