Tesla

PRODUCTION ISSUESTesla expects it will become profitable later this year. But that hinges on a big "if." To do so, Tesla has to ramp up production of its Model 3 electric car to 5,000 units a week. The company says it may reach that level in about two months. Just prior to a planned shutdown in mid-April, Tesla was producing Model 3s at a rate of more than 2,000 a week. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns

One of Morgan Stanley’s most optimistic Tesla stock analysts has cut his stock price target for the company to below current trading prices. Morgan Stanley automotive analyst Adam Jonas, one of Teslas biggest bulls, has dropped his price target for Elon Musk’s electric car company from $376 to $291, below the company’s trading price at the close of market on Monday. This is the first time that Jonas has dropped his target below Tesla’s current trading price in months, according to Business Insider. … [Read more...] about Major Morgan Stanley Analyst Turns Bearish on Tesla

"Consistent with NHTSA's oversight and authority over the safety of all motor vehicles and equipment, the agency has launched its special crash investigations team to gather information on the South Jordan, Utah, crash." the agency said in statement Wednesday. "NHTSA will take appropriate action based on its review." … [Read more...] about Federal investigators are looking into Tesla’s latest autopilot crash in Utah

Musk tweeted just before Tesla’s July 28, 2017 “Handover Party” for the first 30 Model 3 vehicles that he was confident the company would ship 80,000 vehicles by the end of 2017, and 500,000 in 2018. Musk laid out an exponential monthly production growth rate, ramping up from 100 units in August to 1,500 in September, adding: “Looks like we can reach 20,000 Model 3 cars per month in Dec.” … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’

In April, Tesla and the NTSB took the unusual step of parting ways, and the company is no longer a party to the investigation. They differ on whether Telsa was pushed from the inquiry. The NTSB had objected to Telsa making statements concerning the cause of the crash before the investigation is complete, while Telsa accused the agency of releasing incomplete information and "trying to prevent us from telling all the facts." … [Read more...] about Tesla on ‘Autopilot’ sped up, didn’t brake before crash, federal investigators say