European customers are now really important for Tesla’s future The most recent message from Tesla CEO Elon Musk to employees about an upcoming reduction of full-time employees by about 7% and words that “the road ahead is very difficult” raised concerns about maintaining profitability by the company. According to Reuters, analysts expect that: the profits… Continue reading Will Tesla Report A Q1 Loss? Or A Tiny Profit?
Baillie Gifford & Co. owns a bit of Tesla and a bit of NIO. Once again we see that Tesla investors are not willing to stick all eggs in one basket in the area of electric vehicles. Recently, Tesla shareholder Public Investment Fund of Saudi Arabia invested in Lucid Motors. Now, Bloomberg reports that Baillie… Continue reading Leading Tesla Investor Takes Big Stake In NIO
In its annual shareholder meeting Tuesday, Tesla CEO Elon Musk offered details about an exciting slate of new products planned for the company. Below are a few notes from the event. Model 3 – Musk said Tesla will “definitely” begin production of the Model 3 next month. Customers anxious to dive into the option configurator… Continue reading Shareholder Event Notes: Model 3 on Track, Model Y Teased
Tesla shareholders will vote today on a proposal to end three-year terms for directors in favor of a yearly re-election process. Shareholder proxy services Institutional Shareholders Services Inc. and Glass Lewis & Co. have objected to Tesla filling its board with members that have close ties – personal and professional – to Chief Executive Elon Musk.… Continue reading Tesla Stock Hits High Ahead of Annual Meeting, Shareholders to Vote On Board Terms
Toyota has sold its stake in Tesla, according to a Bloomberg report. A relationship between the two automakers began in 2010 in an effort to partner on electric vehicle technology. Soon they announced a plan to develop electric models of Toyota’s RAV4 in Canada. They sold about 2,500 of the vehicles, but a culture clash… Continue reading Toyota Sells Tesla Stake
A record number of deliveries helped Tesla more than double revenue in the first quarter, though it posted greater losses than expected, according to the company’s earnings update. Vehicle production increased by 64 percent from this time last year, setting a quarterly record of 25,051 deliveries. The company is on track to deliver 47,000 to 50,000 cars in the… Continue reading Tesla Doubles Revenue, Model 3 On Track for July
Chinese internet giant Tencent Holdings Ltd. has bought a 5% stake in Tesla Inc. The $1.8 billion stake was revealed in a regulatory filing and makes Tencent one of the largest holders of Tesla shares. Tesla CEO Elon Musk acknowledged the investment on Twitter in a reply to a Bloomberg article. Glad to have Tencent… Continue reading Tencent Buys 5% of Tesla
[vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=Jqza-1VnBVE” video_title=”1″][vc_column_text]Morgan Stanley analyst Adam Jonas discussed the potential of electric vehicles, autonomous vehicles and car sharing during an interview on CNBV. Jonas said the pace of innovation in vehicles, particularly around self-driving technology, could quickly render many cars on roadways obsolete.[/vc_column_text][/vc_column][/vc_row]