Tesla Model Y

24 May 19
Archy Worldys

It's been years that the media give him for dead … Moreover, the short-sellers are still many to bet down on the title … But Tesla is still there and – even stronger – Elon Musk, his flamboyant founder too. And yet, the car group California has changed nothing of its precarious economic and industrial […]

24 May 19
CBS San Francisco

For the year, the share price is down around 40%, largely on concerns Tesla is running out of buyers for its vehicles.

24 May 19
News Directory

FILE – In this photograph in March 14, 2019, Tesla's CEO Elon Musk speaks before the Model Y is unveiled at the company's design studio in Hawthorne, California. , firm executive data. The survey includes only Chief Executives in place for at least two years, but does not limit the survey for companies in the […]

24 May 19
NATION AND STATE

It was a week that Elon Musk will want to forget: after a chorus of skepticism about Tesla from the very same analysts that have been bullish on Musk and the automaker for years, the Tesla stock bubble is officially bursting, according to Bloomberg.  The week started with Wedbush proclaiming that the company faces a “Kilimanjaro-like […]

24 May 19
Scumbagwatch.com

It was a week that Elon Musk will want to forget: after a chorus of skepticism about Tesla from the very same analysts that have been bullish on Musk and the automaker for years, the Tesla stock bubble is officially bursting, according to Bloomberg. 

24 May 19
Arcynewsy

The Canadian press – 24 May 2019 / 8:19 | History: 257018 Photo: The Canadian Press Tesla CEO Elon Musk talks before unveiling Model Y in the Tesla design studio in Hawthorne, California. Tesla's shares, which suffered one of the worst traits in the company's history, rebounded Thursday after CEO Elon Musk told employees that […]

24 May 19
Financial Post

Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk. But around the middle […]

24 May 19
Archy Worldys

To start with, a quiz question: which company made a $ 702 million loss in the first quarter of the current fiscal year? You can not get on it? Then let's try it this way: which board member of which group has not only constantly rage with the stock exchange supervision of his country, so […]

24 May 19
Archy Worldys

cars Published on May 23, 2019 | by Zachary Shahan May 23, 2019 by Zachary Shahan I think anyone who has ever played the stock market has at least sometimes thought it irrational. When a stock moves in the opposite direction, as you expected, this is usually the right feeling. Many Tesla shareholders (TSLA) lately […]

23 May 19
Electrek
Despite a tough first quarter this year, Tesla is dominating other premium automakers in California and helping to push the electric vehicle market share past 5% of the market for the first time. Tesla’s global deliveries went significantly down last quarter after a record quarter at the end of 2018, but the automaker’s home market of California remains strong. According to registration data gathered by IHS for a California New Car Dealer Association report, Tesla delivered 20,491 vehicles in California during the first 3 months of 2019. That’s up 172.1% compared to the same period last year. Model 3’s success is responsible for the important increase in deliveries in California year-over-year. According to the same registration data, Tesla delivered 15,805 Model 3 vehicles in the first quarter 2019-more than the next 4 competitors combined: Model 3 is still the market leader by a wide margin. It not only leads its own segment, but it also figures amongst the best-selling vehicles period — even much cheaper cars. Tesla’s Model S and Model X also performed well in California during the last quarter: Model S is still the market leader in its segment despite overall deliveries going down signficantly over the last quarter. As for Model X, it is second only to the Lexus RX SUV. Tesla’s increasing deliveries in the state are pushing all-electric vehicle market shares to new highs. In California, all-electric vehicles now account for over 5% of the overall passenger vehicle market for the first time: As you can see, hybrids, and especially plug-in hybrids, have taken a hit during the rise of all-electric vehicles. However, the entire car market is also down in California. New light vehicle registrations are down 5.3% in the first quarter of 2019. Here’s the full report from the California New Car Dealer Association report: View this document on Scribd Electrek’s Take It’s progress like this that gives me hope that electric vehicle adoption is going to accelerate a lot faster than most people think. If a single compelling mass-produced electric vehicle like the Model 3 is having a big impact like this, you can imagine what will happen when there are dozens of compelling mass-produced electric vehicles on the market. That will happen sooner than most people think. As for Tesla, it’s hard to overstate the importance of California for the automaker. The state was responsible for about a third of its global demand during the first quarter of 2019. It will be interesting to follow the progression in the market over the next few years, especially after Tesla introduces the Model Y next year.
23 May 19
The Mercury News
Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The gyrations Thursday were indicators of a volatile day for the shares, which have shed about 60% of their value in three weeks and are trading at their lowest levels since late 2016. Musk told employees in a memo late Wednesday that the company had over 50,000 net new orders so far this quarter, and that based on current trends, Tesla has a chance of exceeding the record 90,700 deliveries set in the fourth quarter of last year. The memo was circulating on the internet and confirmed as authentic by a person with knowledge of its origin. The person didn’t want to be identified because the memo was confidential. Musk’s memo said the company needs to sustain production of 1,000 Model 3s each day, something that the company has done multiple days. Stock in the Palo Alto company fell 3% after the opening bell but then rebounded within an hour. It leveled off by mid-morning and was trading up as high as 2.3 percent to $197.15 before giving up some of those gains. It closed Thursday up 1.4% to $195.49. Shares were under significant pressure early after Morgan Stanley analyst Adam Jonas told investors on a private call Wednesday that demand for Tesla’s cars was lower than predicted. He says if demand does not recover next year “then this becomes a restructuring story.” A recording of the call was obtained by The Associated Press. Demand for Tesla vehicles fell by about one third from the fourth quarter of last year to the first quarter of this year, Jonas said. At the first-quarter pace, the company will sell about 250,000 vehicles this year, more than 100,000 below the low end of the company’s forecast of 360,000 to 400,000, he told investors. Tesla reported delivering 63,000 vehicles from January through March, down 31% from 2018’s fourth quarter. Jonas, who says the stock could go to $10 per share in a worst-case scenario, has predicted deliveries of 82,000 for the second quarter, still behind Tesla projections. Other forecasters, he said, see only around 75,000. He said the company’s gross debt has grown to $13 billion, and as a percentage of revenue, Tesla’s debt is far higher than competing automakers such as General Motors, Ford, BMW and Volkswagen. Jonas also says that Tesla has 49,000 employees, the size of a company that sells a million vehicles per year. Other analysts who have issued bearish calls this week include Citi’s Itay Michaeli, who cut his regular price target on the company’s stock to $191 from $238, and CFRA Equity Research’s Garrett Nelson, who cut his target to $150 from $200. [related_articles location=”left” show_article_date=”false” article_type=”automatic-primary-tag”]”We remain highly concerned about its vehicle sales and margins,” Nelson said Thursday. He noted that Tesla’s federal electric-vehicle tax credit is “set to decline by another 50% to $1,875/vehicle at the end of next month,” and that he’s concerned about Tesla’s limited offerings, considering the Model Y isn’t expected till late next year. Earlier this week, Dan Ives of Wedbush Securities cut his price target on Tesla to $230 a share from $275 and called Musk’s other endeavors (robotaxis, insurance) “sci-fi projects,” saying Tesla should focus on manufacturing cars. Staff writer Levi Sumagaysay contributed to this report.