269.02 -2.76 (-1.02%)
After hours: 7:59PM EDT
|Bid||269.00 x 1100|
|Ask||269.50 x 1100|
|Day's Range||265.86 - 282.70|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||314.52|
Tesla has secured a huge plot of land in Shanghai for its first overseas Gigafactory after signing an agreement with the local government. Meanwhile, Elon Musk is planning to pick up $20 million worth of Tesla stock.
Tesla has secured the rights to about 210 acres of land in Lingang, Shanghai, the site of the electric automaker's planned factory and its first outside of the U.S. Tesla executives and leaders of the Shanghai Economics and Information Committee, Shanghai Lingang Area Development Administration and Shanghai Lingang Group witnessed the agreement-signing ceremony in China on Wednesday. “Tesla’s mission is to accelerate the world’s transition to sustainable energy not only through all-electric vehicles, but also scalable clean energy generation and storage products,” Robin Ren, Tesla’s vice president of Worldwide Sales said in a statement.
Elon Musk is planning to pick up $20M worth of Tesla stock. Yahoo Finance’s Alexis Christoforous and Rick Newman break down the details.
CNBC's Phil LeBeau on Musk's big bet on Tesla. And JC O'Hara, MKM chief market technician, on whether Tesla is a no-touch stock. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.
CNBC's Phil LeBeau reports on Tesla CEO Elon Musk's announcement he is planning to buy $20 million worth of Tesla shares. He also discusses the automaker's land purchase for its Shanghai, China plant.
HOUSTON/SINGAPORE, Oct 17 (Reuters) - In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs. Exxon Mobil Corp is placing big bets on China's soaring liquefied natural gas (LNG) demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet. Its gas strategy is moving on two tracks: expanding output of the super-cooled gas in places such as Papua New Guinea and Mozambique, and creating demand for those supplies in China by opening Exxon's first import and storage hub, according to an Exxon manager and people briefed on the company's plans.
SHANGHAI—Tesla Inc. gained a foothold in the world’s biggest market for electric vehicles, completing the purchase of land for its new Shanghai plant, the company announced. “Securing this site in Shanghai, Tesla’s first Gigafactory outside of the United States, is an important milestone for what will be our next advanced, sustainably developed manufacturing site,” said Robin Ren, Tesla’s vice president of world-wide sales, in a statement issued following a signing ceremony in Shanghai on Wednesday. Tesla Chief Executive Elon Musk signed an agreement in July with the local government to build a factory in Shanghai.
(Reuters) - Electric carmaker Tesla Inc has seen a flurry of senior executives leave the company in recent months. Here is a list of executive departures since 2016: 2018 Oct. 17 - Gilbert Passin, vice ...
CEO of electric carmaker Tesla (TSLA) has notified the company's board that he will purchase $20 million of its shares. Musk said he will buy the stock during the "next trading window" at its market price at that time. At Tesla's closing price of $271.78 Wednesday, $20 million would purchase roughly 73,589 shares.
It’s not exactly taking the company private at $420 a share—but Elon Musk is poised to own more of Tesla soon. The purchase will deepen Musk’s already substantial stake in Tesla—though perhaps not by too much, in a mathematical sense. Musk is Tesla’s biggest shareholder by far.
Gilbert Passin, Tesla’s vice president of manufacturing, left this summer, said the person, who asked not to be identified discussing personnel matters. Passin joined Tesla from Toyota Motor Corp. in early 2010. While Tesla has made major strides lately with manufacturing more electric vehicles, the chief executive officer has been the source of major distractions, including a short-lived and legally precarious attempt to take the company private.
Electric carmaker Tesla Inc has seen a flurry of senior executives leave the company in recent months. Here is a list of executive departures since 2016: 2018 Oct. 17 - Gilbert Passin, vice president of ...
Why SpaceX launches from Florida but works out of Southern California — and other stories from the world of Elon Musk this week.
In the second quarter, Harley-Davidson’s (HOG) total revenue from all segments fell 2.9% YoY (year-over-year) to $1.71 billion. That included a ~4% YoY decline in revenue for its motorcycle segment to $1.2 billion. In the second quarter, its global motorcycle shipments fell 11.3% to 72,593 units compared to 81,807 units shipped in the second quarter of 2017.
Tesla Inc's vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported on Wednesday, citing a source familiar with the situation. The company has lost a number of ...
Tesla and Musk have each agreed to pay $20 million under a settlement with the U.S. Securities and Exchange Commission of a fraud lawsuit relating to tweets by Musk in August. Tesla said the purchase was 'separate and apart from the settlement' between Musk, Tesla and the SEC and did not respond to Reuters requests for more information on the reasons for the purchase. The government lawsuit threatened Tesla and Musk with a long fight that could have undermined its operations and ability to raise capital.
News that Elon Musk plans to buy another $20 million worth of stock -- bringing his insider purchases up to about $50 million since April -- and progress in China helped jumpstart the stock. The Tesla exodus is certainly a concern, but should it be enough to outweigh Wednesday's progress? The plot is located in the Lingang area and it's expected that Tesla could be producing its first cars in just a couple of years.
Tesla's former vice president of manufacturing, Gilbert Passin, left the company earlier this year according to people familiar with the matter. Dozens of executives have left Tesla in the past twelve months. Manufacturing at Tesla is now led by President of Automotive, Jerome Guillen, who was promoted to that role in September.