|Bid||303.00 x 800|
|Ask||303.50 x 800|
|Day's Range||303.58 - 326.77|
|52 Week Range||244.59 - 389.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||329.24|
Tesla stock suffered its worst day in two years on Friday, closing down almost nine percent in a single session. Max Chafkin, who covers technology for Bloomberg Businessweek, joins "CBS This Morning: Saturday" to discuss the latest controversies surrounding Tesla founder and CEO Elon Musk.
When Elon Musk unveiled Tesla's second master plan, the $35,000 Model 3 represented the price floor. When tech YouTuber Marques Brownlee asked Musk in an interview about room for a lower-cost Tesla, the executive estimated that his company could build a $25,000 car in about three years "if we work really hard." This wasn't a promise of a car at that price point, to be clear, but Musk saw the vehicle as possible through a combination of both technical achievements and economies of scale.
Tesla's CEO estimates the company could produce a model at a $25,000 price point in perhaps three years. Musk cited daunting economies of scale in an "insanely competitive" auto industry as barriers to making a cheaper car. Elon Musk suggested it could take Tesla TSLA "maybe" three years to come up with a low-cost version of a car, even as he admitted it was "really tough" to do given the auto sector's economics and competition.
In our last research note on the subject of Tesla (TSLA), we discussed CEO Elon Musk's shocking tweet in which he claimed to be considering taking the company private at $420 a share in what would be the largest take-private transaction in history. Warning! GuruFocus has detected 6 Warning Signs with TSLA.
Companies including Amazon, Tencent and Winmark have shielded themselves from short-term thinking, writes Michael Brush.
Tesla sank 8% on Friday as investors digested the news of a widening SEC probe of Chief Executive Elon Musk’s go-private tweet, and after the New York Times published an interview in which Musk described an emotional year and said the “worst is yet to come.”
Elon Musk said Thursday his tweet about having “funding secured” to take Tesla Inc. private was only intended to show transparency, and that despite the furor — and SEC investigation — it caused, he has no regrets about posting it.
Investors betting that Tesla Inc. stock will fall appear to be having the last laugh, at least for now. Tesla (TSLA) short sellers are up $1.2 billion in paper gains since the day Chief Executive Elon Musk tweeted he was “considering” taking the company private at $420 and funding was “secured,” S3 Partners LLC, which tracks real-time short interest data, said in a note Friday. Musk shocked markets with that tweet on Aug. 7, the first of many that day and which was followed by an email to employees explaining his reasons for wanting to take Tesla private.
Tesla stands to lose about $6,000 on each cheaper, base-version Model 3 sedan because the car’s powertrain is not as cheap as it was hoped, analysts at UBS say.
Two Wall Street notes on Thursday lift Tesla stock, including one saying the company is on track to keep its production promises.
Tesla shares were pummeled in Friday's trading, down almost 9% on the day to $305 apiece. The stock is down 15% from when Musk made his August 7 "funding secured" tweet, when the shares traded at $363. This comes after Thursday afternoon's news that a whistle blower filed a complaint to the SEC that Tesla had concealed theft of $37 million worth of raw materials from its Nevada factory, and that Tesla employees were running a narcotics trafficking ring on behalf of a Mexican drug cartel.
Elon Musk’s “take Tesla private” tweet after securing a deal with Saudi Arabia’s Public Investment Fund caused a stir. It also brought sovereign wealth investment funds back into focus. The funds, spanning about 50 nations, have $7tn in assets, according to the Sovereign Wealth Fund Institute.
among Tesla investors after the electric car company's chief executive described in stark emotional terms to the New York Times an "excruciating" year of overwork and exhaustion. The latest drama has only compounded Tesla's turbulent ride this year as Mr Musk has burnt through billions in cash to show he can ramp up manufacturing of the Model 3, the company’s attempt to break into the mass market. on Friday as investors digested Mr Musk's confession that his intense involvement has weighed deeply on his personal life and health.