TSLA - Tesla, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+2.48 (+0.98%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close252.38
Bid0.00 x 800
Ask0.00 x 800
Day's Range253.35 - 258.31
52 Week Range176.99 - 387.46
Avg. Volume11,504,035
Market Cap45.413B
Beta (3Y Monthly)0.34
PE Ratio (TTM)N/A
EPS (TTM)-5.69
Earnings DateJul 24, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est277.50
Trade prices are not sourced from all markets
  • Future Virgin Galactic passenger: The new space race 'isn't a race at all'
    Yahoo Finance7 hours ago

    Future Virgin Galactic passenger: The new space race 'isn't a race at all'

    Future Virgin Galactic passenger Namira Salim says new space companies aren't really in a space race — While SpaceX works with NASA and launches satellites, Virgin Galactic's market is space tourism.

  • Why Tesla’s Surprise $6,410 Price Cut Sparked a Devotee Rant
    Bloomberg8 hours ago

    Why Tesla’s Surprise $6,410 Price Cut Sparked a Devotee Rant

    Jul.17 -- Tesla Inc. cut the list price of a fully loaded performance edition of the Model 3 sedan on July 11, angering recent buyers. Bloomberg's Keith Naughton has more on "Bloomberg Technology."

  • Elon Musk’s Neuralink Says It’s Ready for Brain Surgery
    Bloomberg23 hours ago

    Elon Musk’s Neuralink Says It’s Ready for Brain Surgery

    Jul.17 -- Tesla Inc. Chief Executive Officer Elon Musk speaks about Neuralink, a company he founded in 2017 to develop a data transmission system between people and computers. “This is going to sound pretty weird, but ultimately, we will achieve symbiosis with artificial intelligence,” Musk said at a news conference Tuesday night in San Francisco.

  • Tesla is raising the price of its 'full self-driving' package by $1,000
    Engadget23 hours ago

    Tesla is raising the price of its 'full self-driving' package by $1,000

    A couple of months after Tesla started selling the "full self-driving" optionagain, Elon Musk warned interested customers that its price will "increasesubstantially over time

  • GlobeNewswire1 hour ago

    UPDATE: Tesla Announces Date for Second Quarter 2019 Financial Results and Webcast

    PALO ALTO, Calif., July 18, 2019 -- UPDATE: Please note the call is being moved by one hour to 3:30pm Pacific Time (6:30pm Eastern Time). Tesla will post its financial.

  • What To Expect From Tesla Earnings
    Investopedia5 hours ago

    What To Expect From Tesla Earnings

    In 2Q 2019, electric car maker Tesla is expected to hit a new high in unit sales, while still posting a loss.

  • Elon Musk Wants To Wire Your Brain
    SAY9 hours ago

    Elon Musk Wants To Wire Your Brain

    Last year Tesla CEO Elon Musk was given a lucrative new compensation plan, with the catch being that he would only get his bonus if he helped the company reach some pretty high financial goals. The thinking was this package was meant to keep our IRL Tony Stark focused on, like, cars and stuff instead of trying to colonize mars. But Elon gonna Elon, and so of course he now wants to help connect your brain directly to the internet. What? Musk has invested $100 million in Neuralink, a neuroscience company that recently unveiled a “sewing machine-like” robot that can implant ultrathin threads deep into the brain. This would, potentially, allow for ultra-swift communication between humans and machines, and would let the brain process vast amounts of information. Though everyone admits that we’re a long way from everyone living in a William Gibson novel, Neuralink, which likens the process to getting Lasik surgery, hopes to begin testing on humans next year. Mechanical Animals As odd as this sounds, Neuralink might be onto something, as they did a demonstration in which a linked up laboratory rat read information from 1,500 electrodes — 15 times greater than current systems embedded in humans. But scientists cautioned that results from laboratory animals might not translate into human success. In Other News There’s never a dull moment at Tesla, apparently. The company finally achieved its longtime goal of lowering the price of its best-selling Model 3, while also quietly phasing out versions. Speaking of Model 3, news broke today that in the effort to ramp up production of the popular model, some employees say they resorted to using electrical tape to quickly repair cracks and worked through extreme heat, cold and wild-fire smoke. A spokesperson for Tesla denied the charges. -Michael Tedder Photo: Mike Blake / REUTERS

  • Tesla Stock Jumps After Elon Musk Slams the Auto Industry
    Market Realist11 hours ago

    Tesla Stock Jumps After Elon Musk Slams the Auto Industry

    On Wednesday, Tesla(TSLA) stock surged nearly 2% after CEO Elon Musk slammed the auto industry in an interview.

  • Technology Stock Roundup: Regulatory Matters Galore
    Zacks11 hours ago

    Technology Stock Roundup: Regulatory Matters Galore

    Regulatory concerns have become real for technology companies as tech innovations pervade our modern existence with lasting impact on our future.

  • 5 Top Stock Trades for Thursday: TSLA, GLD, ABT
    InvestorPlace12 hours ago

    5 Top Stock Trades for Thursday: TSLA, GLD, ABT

    U.S. stock indices were again quiet on Wednesday, as we begin to chip away at the tip of the earnings iceberg. We're mostly delving through the banks right now, but will have tech and other industries beginning soon. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: Tesla Click to EnlargeTesla (NASDAQ:TSLA) stock has been moving favorably, working on its seventh straight week of gains. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's getting into a very key area though, the $250 to $260 zone. This was prior range support for years, buoying Tesla stock on each test. Back in May, the stock plunged below this mark, rebounded the next week and failed to reclaim it. * 4 Retail Stocks to Buy in Time for the Back-to-School Rush This is all shown via the purple arrow on the chart and shows when an area shifts from support to resistance. Now back in this area, it's vital for TSLA stock to reclaim this range level in order to keep the rally alive. Those who bought Tesla sub-$200 as a trade may consider booking some profits here. Should shares push through, look for a rally up to the 200-week moving average, currently at $273. On a pullback, see that the 10-week holds as support. I wouldn't want to see Tesla below $240. Top Stock Trades for Tomorrow 2: Abbott Labs Click to EnlargeAbbott Labs (NYSE:ABT) hit new highs after the company reported earnings. However, the stock is not moving as robustly as one might have expected. I want to see ABT stock hold $85 on the downside and see if it can push up to channel resistance on the upside. Top Stock Trades for Tomorrow 3: Gold Click to EnlargeThe move has been years in the making, but the SPDR Gold ETF (NYSEARCA:GLD) is starting to make some waves. The iShares Silver Trust ETF (NYSEARCA:SLV) has been trading well too, but isn't putting together the kind of chart GLD is. Above is a long-term weekly chart. With GLD over the $128 to $130 area, it's in breakout mode. While shares are putting in a nice bull flag setup after a huge burst higher in June, we absolutely need to see prior resistance hold as support. A rate cut should help fuel a rally for gold, although the market is surely starting to price in such an event. Over $135.55 sends GLD even higher. A pullback to $130 or the 10-day moving average that holds as support may be a buy-the-dip opportunity. Top Stock Trades for Tomorrow 4: Invitae Click to EnlargeShares of Invitae (NASDAQ:NVTA) took off Wednesday, rallying up toward $24 at one point in the day. Citron Research said it had a position in the name and is using a $100 price target. We've been telling InvestorPlace readers for months that we love this name. Today's action came with perfect timing. On Twitter on Tuesday, we pointed out that NVTA stock broke below the 20-day moving average, but reclaimed this mark by the close. That was very constructive action, while Wednesday's action has been downright impressive. The action is similar to what we saw last month, where shares broke below the 20-day, reclaimed it in the same session, then went on a monster run over the next few days. I'm not sure that history repeats, but investors are hopeful that it will. Let's see if NVTA can push through $24 to $24.50. If it can, $26+ could be in the cards. Top Stock Trades for Tomorrow 5: Teva Pharmaceutical Click to EnlargeShares of Teva Pharmaceutical (NYSE:TEVA) are taking it on the chin. The stock is down 11% in just three days and more than 20% from its highs earlier this month. * 8 Penny Stocks That Have Fallen From Grace The stock hit new 52-week lows on the move and is threatening to fall below $8 support. Longs with a strong stomach can play against Wednesday's lows, but Teva has not been a great one to own. A break below $8 could accelerate the selling pressure. A rally could bring Teva back up to its 20-day moving average. Above that and $10 is possible. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVTA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 5 Top Stock Trades for Thursday: TSLA, GLD, ABT appeared first on InvestorPlace.

  • 8 Investment Apps for Young Investors
    InvestorPlace12 hours ago

    8 Investment Apps for Young Investors

    The fintech industry continues to grow by leaps and bounds and with that growth have come lots of new investing apps for investors, young and old, to use in their pursuit of investment returns. In 2018, fintech companies in the U.S. got $12.4 billion in funding, 43% higher than a year earlier. Many of those fintech companies are using the funding to develop apps to make investing and personal finance more accessible and more rewarding. According to CB Insights, there are something like 39 fintechs worth $1 billion or more. Together, those 39 companies are worth an estimated $147.4 billion. InvestorPlace - Stock Market News, Stock Advice & Trading TipsConsumers like to use apps to manage their finances. Data from 2016 suggests the average person uses between 1-3 apps to get the job done. As fintechs continue to create new apps to handle different aspects of our financial lives, I'm sure more young investors will gravitate to them. * 8 Penny Stocks That Have Fallen From Grace With that in mind, here are 10 investment apps for young investors to consider, as they put their hard-earned money to work. AcornsSource: via AcornsThe problem for most young investors is that they don't have a lot of money to invest because of student loans, steep rents, low wages etc. While understandable, the Acorns app allows you to invest your spare change to get the process started. Another exciting service Acorns has developed is Found Money, which uses brand loyalty to build your investment account. So, every time you buy something at one of the Found Money partners, that company credits your Acorns account with the applicable savings. The one thing to be aware of is the fees. Until you get a larger account balance, the monthly fees vary between $1-$3. That is going to seem high. For example, it charges $2 a month for an IRA account. If you have $1,000 in that account, the annual fee is 2.4%. If you have $10,000, that fee drops to 0.24%. E-TradeIf you're going to buy stocks, ETFs, or even mutual funds, you're going to need a discount brokerage account to buy the investments. E-Trade isn't the cheapest discount broker. It charges $6.95 a trade, but gets a 4.5 rating out of 5 from NerdWallet, primarily because of its excellent mobile app, excellent customer support and large investment selection. The discount broker has two mobile apps that are both available on iOS and Android.The E-Trade mobile investing app provides options such as stock screening that help you find the right stocks to buy. It can even be accessed on Apple Watch. The second mobile app is OptionsHouse, the company's options specialist, that lets you make options trades on the go. It doesn't hurt that E-Trade's parent is E-Trade Financial (NASDAQ:ETFC), a company with an $11.4 billion market cap. * 4 Retail Stocks to Buy in Time for the Back-to-School Rush The only downside: you'll pay more per trade if you aren't an active trader. MintSource: Mike Mozart via Wikimedia (Modified)If you can't save any money, you won't be able to invest. That's where Mint.com comes into play. Mint is a free personal finance app from Intuit (NASDAQ:INTU) that helps users track their spending, create a budget, and generally gets you smarter about money. It even lets you know when bills are due and what you can afford to pay. Over 15 million people use Mint in the U.S. and Canada to keep their finances straight. Intuit uses this free app to inform you about its other products such as Turbo Tax, which cost money to use and are also very helpful for saving money. It's an excellent loss leader. It will put you on stronger financial footing if you use it on an ongoing basis. Motif InvestingYoung investors interested in investing apps might want to take a look at Motif Investing, the California tech startup that uses data science and automation to create thematic portfolios that its 350,000 customers can buy with a click of a button. CEO Hardeep Walia found a way to use data science to find the best investment themes and companies benefiting from those themes. If you want to bet on the next great biotech stock, Motif has a portfolio called Feeling Better About Biotech, a basket of up to 30 biotech stocks and ETFs that gives you an appropriate exposure to the industry. For as little as $300 in your trading account, you can own this portfolio of stocks. Motif also has an Impact account. For as little as $1,000 in your account, you can get a fully automated portfolio that aligns with your financial goals and values. The Impact account charges 0.25% annually while the trading account varies from free if you use a next market open trade to as high as $19.95 a trade depending on the type of portfolio you're building. * 7 Stocks Being Inflated by Low Rates If you're interested in owning one or two stocks, Motif is probably not for you. RobinhoodSource: via Robinhood BlogOf the apps listed in this article, Robinhood is the investing app most likely followed and used by millennials. Robinhood officially launched in December 2014. It provides commission-free investing in stocks, options, and cryptocurrencies. Since its founding Robinhood has grown to a customer base of over four million active users, many of them young investors; its average user is 32. Estimates suggest that Robinhood, which counts Snoop Dog as an investor, could be valued at as much as $10 billion. Robinhood came under scrutiny in 2018 when it tried to launch a checking account for its customers that would pay 3%, didn't charge any fees and was covered by the Securities Investor Protection Corporation. The program never got off. It is currently working with regulators to create a cash management plan that will get off the ground.In the meantime, the commission-free service for trading continues to gain popularity with investors. SoFiSource: Shutterstock Its official name at its founding in 2011 was Social Finance Inc. It made student loans. Eight years later, it still makes student loans but has expanded into other areas of financial services, including personal loans, mortgages, bank accounts, and investing products and services. On July 8, SoFi launched Stock Bits, a new service that allows investors to buy fractional shares of popular stocks. If you want to own a dollar's worth of 50 stocks, you now can. It's specifically designed for those who are new to investing. "People are told to 'buy what they like,' but when what they like costs over $100 or $1,000 per share, first-time investors are priced out," said Anthony Noto, CEO at SoFi. "Investing is a financial requirement for achieving financial independence, and it is our focus to remove the barriers to getting started by providing features like Stock Bits for SoFi Invest." * 7 Services Stocks to Buy for the Rest of 2019 SoFi had a challenging year in 2018. Laying off more than 7% of its staff due to weakness in its mortgage products, I believe Stock Bits could be an innovation that lifts the San Francisco financial services company to new heights. StashSource: Shutterstock The Stash Investment App was launched in October 2015. It's premise was simple: provide Americans with the tools, guidance and confidence to grow their savings. Almost four years later, Stash has more than two million people saving and investing using its investing app. For as little as $5, you can own fractional shares in companies you support and believe in. However, we're not done. It also allows you to invest in portfolios of stocks through ETFs for as little as $5. That means you can own some of the most popular ETFs for a fraction of what you'd pay to hold them on your own.The Money Under 30 website recently reviewed the Stash investing app, suggesting it is well made and well designed. Competing with Acorns for the attention of young investors, Stash charges $1 per month until you hit $5,000. It then charges 0.25% annually. In addition to the management fee Stash charges, you also pay the management fee of the ETFs. Like Acorns, it's an app that makes more sense when you get to $5,000 in your account. WealthsimpleSource: Shutterstock Wealthsimple is a Toronto-based robo-advisor that provides ready-made investment portfolios to people in Canada, the U.S., and the UK. Founded in 2014, it now controls 70% of the digital advisory space in Canada and is slowly making inroads in the U.S. where it launched in early 2017. At the end of March, Wealthsimple had CAD$4.3 billion in assets under management and more than 100,000 clients in the three countries where it operates.In March, the company launched Wealthsimple Trade, which provides commission-free investing in Canada for stocks and ETFs. It's the first company in Canada to do what Robinhood's doing in the U.S. It's managed to snag 25,000 users in the first four months of operation; the average age of its users is 31. Like Robinhood, a lot of its users are buying cannabis stocks. The banks are also popular, as are some of the big tech companies like Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA). * 8 Penny Stocks That Have Fallen From Grace Delivering an attractive and easy to use mobile app, expect Wealthsimple to make waves in the U.S. market in the next couple of years. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 8 Investment Apps for Young Investors appeared first on InvestorPlace.

  • Tesla will start producing Model 3s in China this year, analyst says
    American City Business Journals13 hours ago

    Tesla will start producing Model 3s in China this year, analyst says

    The first cars could begin rolling off Tesla's assembly lines in Shanghai within the next four and a half months, according to an analyst who toured the facility recently.

  • Barrons.com14 hours ago

    Tesla Reports Earnings Next Week, but Elon Musk Is Still a Start-Up Founder at Heart

    Elon Musk’s focus on the far future—even as he runs companies with plenty of day-to-day concerns—was on display Tuesday.

  • By the numbers: More companies are lobbying Jones Street in 2019
    American City Business Journals15 hours ago

    By the numbers: More companies are lobbying Jones Street in 2019

    More companies appear to be aiming lobbyists at the North Carolina General Assembly in 2019. The latest figures out of the North Carolina Secretary of State’s office show 1,062 entities - from companies to municipalities - have registered lobbyists working on behalf of their agendas on Jones Street. None of those companies registered lobbyists in the state a year ago, yet, in the latest report, Bird, Lime, Lyft and Airbnb all have representation in the registry.

  • Tesla is getting China right, Morgan Stanley says
    MarketWatch15 hours ago

    Tesla is getting China right, Morgan Stanley says

    The Silicon Valley car maker could be on its way to becoming “the” leading luxury EV maker in China, analysts at Morgan Stanley say.

  • American City Business Journals17 hours ago

    Here's the latest on this firm's technology for self-driving cars (PHOTOS)

    Luminar Technologies Inc. expects its lidar technology, which was developed in Orlando, to help lead the way to more autonomous vehicle use. The Palo Alto, California-based startup, which has its development capabilities in Orlando, showcased its smart sensor technology as part of the Automated Vehicle Symposium at the Orlando World Center Marriott from July 15-18. The technology is being developed to help self-driving cars navigate by detecting other vehicles, obstacles and surroundings.

  • Will Tesla (TSLA) Report Negative Earnings Next Week? What You Should Know
    Zacks17 hours ago

    Will Tesla (TSLA) Report Negative Earnings Next Week? What You Should Know

    Tesla (TSLA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Why Nio Still Has Huge Upside Despite the Recent Pull-Back
    InvestorPlace17 hours ago

    Why Nio Still Has Huge Upside Despite the Recent Pull-Back

    After reporting strong deliveries, NIO (NASDAQ:NIO) stock traded to as high of $4 only to give up half of the gains.Source: Shutterstock Though the valuations are unfavorable when considering competition and recalls, investors should not dismiss macro tailwinds and strong unit deliveries in June. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Despite the stock dipping 10% in the last week, selling volume is also falling. This suggests that the profit-taking phase of Nio stock is coming to an end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nio's Strong June DeliveriesNio delivered 927 ES8s and 413 ES6s in June. The company's total second-quarter deliveries topped 3,553. This is above the prior guidance range of 2,800 to 3,200. Despite the impressive beat, Nio stock could not get away from the short-term selling pressure.With a short float of 20%, bears need the stock to keep falling. When July's rally took the stock back to $4.00, continued buying momentum would have squeezed the shorts. This would have forced them to cover the bet against Nio stock.The bad news for investors holding Nio at higher prices is that the company needs another strong month of deliveries. One month of strong performance does not form a trend. ES8 RecallBears may have caught a short-term break when Nio recalled ES8s produced between April 2, 2018 and Oct. 19, 2018. The 4,803 affected vehicles will need is battery packs replaced. Nio said it would compensate those who faced damage related to the flaw.Fortunately, there were just a handful of recalls over the last few months in China. Nio should face limited costs due to damages. And while the recall will add to its costs, the effort will pay off as it wins customer trust. Strong ES6 Delivery MomentumNio only started officially beginning delivery of the five-seater long-range NIO ES6 SUV last month. Customers in Beijing, Shanghai, and Guangzhou received the ES6 first. Achieving 413 deliveries in June alone signals strong momentum ahead.Yet Nio's ambitions do not stop in China. It is cautiously eyeing Europe's EV market. Already, Nio had 200 people in Munich, Germany. In the short-term, Nio will limit how many resources it puts into growing abroad. Until the company's revenue exceeds operating costs in its home market of China, Nio will only keep an eye the German and European markets for now.Waiting for the right time to expand will weaken the bearish argument that Nio will never operate profitably. But all that matters to stay afloat is liquidity. Nio may sell debt or issue shares should it need more cash for operations. Its R&D spend paid off, so investors need not worry about higher costs here. Nio's ES6 SUV competes with Audi Q5, Mercedes-Benz GLC, and BMW X3.Guess what?The ES6 offers better performance, service, and lower maintenance and operating costs. In China, owners enjoy a lower total cost of ownership. Charging the EV costs less than filling it up with gasoline. And in some cities where gas-powered cars owners must leave the car home once a week, Nio owners do not face the same restrictions. No Share Issuance ExpectedWith NIO stock well-below its IPO price of $6.26, the company will not sell shares to raise cash. Instead, it will reduce the size of its operations to cut costs. Closing inefficient retail space and cutting sales staff will also lower operating costs. Higher revenue, spurred by the Chinese government extending the 10% tax break for EVs, will cut Nio's quarterly losses.In its next quarterly earnings report coming up in August, Nio may report a smaller loss. Management may even forecast when it expects a profit. If it does so, expect Nio stock to rally back to at least $4.One risk investors should consider is Tesla's (NASDAQ:TSLA) price cut on all vehicles shipped to China. Price cuts to the Model 3, S, and X might lead to higher competition for Nio. A more realistic scenario, though, is that Chinese buyers may decide to remain nationalistic by buying a Nio vehicle instead. Your Takeaway on NIO StockInvestors will have trouble assigning a fair value on Nio stock until the company makes a profit. One may guess that Nio will grow revenue by up to 25% annually for the next five years. In this scenario, the five-year DCF growth exit model suggests the stock is worth $5.50, over 60% above its recent $3.30 closing price.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Why Nio Still Has Huge Upside Despite the Recent Pull-Back appeared first on InvestorPlace.

  • Tesla’s Surprise $6,410 Price Cut Sparks a Rant From One Devotee
    Bloomberg18 hours ago

    Tesla’s Surprise $6,410 Price Cut Sparks a Rant From One Devotee

    (Bloomberg) -- Laurence Blau, 78, woke up Tuesday morning to a frustrating figure: $6,410.That’s the dollar amount that Tesla Inc. had lopped off the list price of a fully loaded performance edition of the Model 3 sedan the night before. Blau, who paid $68,400 for the car less than three weeks earlier, called it a “bitter pill to swallow.”“It shakes my faith,” the three-time Tesla owner said in a phone interview.Blau, a corporate real estate broker in Paramus, New Jersey, is, of course, just one customer. And he isn’t necessarily even swearing off buying Teslas. But his grievance underscores a broader dissatisfaction among the Elon Musk faithful with the dizzying string of changes -- both hikes and cuts -- to the prices of Teslas. They’ve come one after another in recent months, a reflection of the internal confusion within the company over how to navigate through shrinking U.S. incentives, aging model lines and pressure to boost deliveries without compromising profit.Soon after Tesla cleaved the cost of the Model 3 late Monday, an owner on one of the company’s online forums started a thread with a tongue-in-cheek initial post: “Let the whining begin!”Musk has fielded many complaints personally -- and publicly -- on Twitter. Much like Tesla has wavered with its pricing, he’s oscillated from adamant, to apologetic, to apathetic, to argumentative. And for the chief executive officer of a company that’s sought to revolutionize car-buying, he’s offered up a perhaps unlikely excuse: Hey, other automakers are doing this, too.Conventional carmakers and their dealers indeed make frequent tweaks to rebates and incentive offers. But it’s rare for manufacturers to switch up suggested retail prices between model years.And Musk’s claim that Tesla has been “transparent and consistent” runs counter to some of the company’s closest followers. The usually pro-Tesla blog Electrek wrote late Monday that Tesla’s “chaotic” pricing strategy had become “kind of a running joke.”Tesla kicked off the year with an across-the-lineup price cut to partially offset the U.S. tax credit for its cars halving to $3,750. Representatives for the company didn’t respond to questions about the latest price change for the Model 3, which one analyst said was linked to the federal incentive dropping again to $1,875 as of July 1.The price swings may also reflect Musk’s struggle to manage through the Model 3 seeming to cannibalize demand from the older and pricier Model S and X. While analysts fear this could be crimping profit margins, Tesla’s move to stop offering a cheaper, standard-range version of the vehicles could counter any such trend.For Blau, even when factoring in the smaller tax credit, he would have saved about $4,500 had he waited to buy a loaded Model 3 now instead of late last month.When he visited his hometown showroom Tuesday morning to demand a refund, a store representative offered him a free wall charger. Blau declined.“I got very upset,” he said. “My complaints fell on deaf ears.”To contact the reporters on this story: Keith Naughton in Southfield, Michigan at knaughton3@bloomberg.net;Kyle Lahucik in Southfield at klahucik3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net;David Papadopoulos at papadopoulos@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga19 hours ago

    Stock Wars: GM Vs. Ford Vs. Tesla Vs. Toyota

    It has been a rough five-year stretch for large auto stocks Toyota Motor Corp (NYSE: TM), General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Tesla Inc (NASDAQ: TSLA). Companies that are heavily invested in cars, which made up just 20% of sales by American automakers last year, aren’t as likely to succeed at this time as those focused on trucks and SUVs.

  • The Zacks Analyst Blog Highlights: Berkshire Hathaway, Pfizer, Danaher, Tesla and Cintas
    Zacks19 hours ago

    The Zacks Analyst Blog Highlights: Berkshire Hathaway, Pfizer, Danaher, Tesla and Cintas

    The Zacks Analyst Blog Highlights: Berkshire Hathaway, Pfizer, Danaher, Tesla and Cintas

  • Tesla gets rid of cheaper Model S, Model X options
    MarketWatch20 hours ago

    Tesla gets rid of cheaper Model S, Model X options

    The latest tweak in Tesla Inc.’s vehicle lineup sees cheaper Model S and Model X models vanish and a lower-price Model 3.

  • Financial Timesyesterday

    FT Alphaville ordered a Tesla Model 3

    Those sceptical of Tesla often are on the receiving end of the retort “but have you driven one bro?”. It’s the old iPhone user dunking on a BlackBerry line: you don’t get it until you’ve tried it. For ...