|Bid||322.64 x 800|
|Ask||323.00 x 900|
|Day's Range||321.09 - 324.40|
|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|
An employee fired from Tesla Inc.'s Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday. A former member of Tesla's internal investigations team, Karl Hansen, filed a tips, complaints and referrals form to the SEC about the Gigafactory on Aug. 9, Hansen's attorney Stuart Meissner said in a news release. Tesla said it took the allegations that Hansen brought to the electric car maker seriously and investigated.
After a tour of Tesla's Fremont factory, analysts at Evercore claim Tesla is on track not only to pump out 5,000 Model 3s per week, but could even ramp production up to 8,000 with little impact on its spending. In particular, Evercore notes Tesla's general assembly and stamping segments "met or exceeded all the benchmarks" they had been watching.
The SEC has reportedly subpoenaed Tesla over Elon Musk’s go-private tweet. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Rick Newman discuss what it means for the company.
Tesla board members are concerned that the drug isn't having the intended effect for Musk, the New York Times reports. The report comes amid speculation of drug use around Musk's market-moving tweet about taking the company private. Telsa TSLA board members are concerned about Elon Musk's use of Ambien and recreational drugs, according to an explosive interview with The New York Times published late Thursday.
Musk said on Monday that the manager of Saudi Arabia's sovereign wealth fund had voiced support for the company going private several times, including as recently as two weeks ago, but also said that talks continue with the fund and other investors. The New York Times report said another possibility under consideration is that SpaceX would help bankroll the Tesla privatisation and would take an ownership stake in the carmaker, according to people familiar with the matter. Musk is the CEO and controlling shareholder of the rocket company.
Tesla's shares were down about 3 percent at $325 in premarket trade on Friday. The base model is $35,000 (£27,535.2), but car buyers can upgrade to a $49,000 (£38,549.3) version, which has a longer range battery and high end trim. UBS said the powertrain - a component crucial to Model 3's architecture, cost $950 higher than a previous forecast, but still better compared to General Motors Co's Chevy Bolt.
Sandberg certainly has had a tough year at Facebook along with Mark Zuckerberg. Given her tenure at the social media giant, it could be time to wave goodbye and take on the role of turning Tesla into a real company.
Tesla's shares were down about 3 percent at $325 in premarket trade on Friday. The base model is $35,000, but car buyers can upgrade to a $49,000 version, which has a longer range battery and high end trim. UBS said the powertrain - a component crucial to Model 3's architecture, cost $950 higher than a previous forecast, but still better compared to General Motors Co's (GM.N) Chevy Bolt.
Two Wall Street notes on Thursday lift Tesla stock, including one saying the company is on track to keep its production promises.
Elon Musk wasn't high when he sent his now infamous take private tweet. Tesla shares closed a $335.45 on Thursday. The tweet, which has set up a firestorm including a probe by the Securities and Exchange Commission, was an attempt at transparency, Musk told the newspaper, adding that no one reviewed it before it was posted.
Can America Be Great Again without a Strong Auto Industry? In 2017, the biggest challenge for automakers was to generate more sales and keep their profitability intact at a time when US auto sales were softening. In the last few years, US passenger car sales have gone down significantly, while stronger truck sales have kept automakers’ hopes alive.