Dana Hull
Tesla Shares Surge as Model 3 Paces Record Quarter of Deliveries
A worker unloads a Tesla Model 3 electric vehicle from a car carrier outside the company's delivery center in Marina Del Rey, Calif., Sept. 29, 2018. (Patrick T. Fallon/Bloomberg News)
Tesla Inc. soared in late trading after the electric-car maker set a record for quarterly vehicle deliveries, helped by U.S. consumers rushing to buy Model 3 sedans before a federal tax credit shrank in half.
July 2, 2019Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword
Justin Sullivan/Bloomberg News
Analysts’ fear is that even if Tesla does show marked improvement in deliveries this quarter, Musk will achieve this at the expense of profitability. And with a shrinking U.S. tax credit posing a threat to demand in the second half of the year, Tesla’s efforts to hand over more Model 3s overseas could further compromise earnings because of relatively higher shipping expenses.
July 1, 2019Musk Tells Tesla Shareholders Consumer Demand Not a Problem
Giulia Marchi/Bloomberg News
Tesla Inc. CEO Elon Musk dismissed concerns about demand for his company’s trademark electric vehicles, telling shareholders at the company’s annual meeting June 11 that sales this quarter could hit record levels.
June 12, 2019What to Watch for at Tesla’s Annual Shareholders Meeting
Spencer Platt/Bloomberg News
Tesla Inc. investors will be more anxious than usual to get an update from CEO Elon Musk on June 11 at the company’s annual meeting.
June 11, 2019Tesla Shares Breach $200 as Analyst Says CEO Elon Musk Faces a ‘Code Red’
David Paul Morris/Bloomberg News
Tesla Inc. shares plunged below $200 for the first time in more than two years on concerns the carmaker faces a “Kilimanjaro-like uphill climb” to hit profitability goals in the second half of the year.
May 20, 2019Autonomous Tech Could Make Tesla $500 Billion Company, CEO Elon Musk Says
Tesla CEO Elon Musk (Patrick T. Fallon/Bloomberg News)
Elon Musk described autonomous-driving technology as “transformative” to Tesla Inc. in a call aimed at ginning up interest in the electric-car maker’s debt and stock offering of about $2 billion, according to two people who dialed in.
May 3, 2019CEO Elon Musk Makes Self-Driving Technology Tesla’s Costly New Calling
A look at the technology outfitted in a Tesla vehicle. (David Paul Morris/Bloomberg News)
Tesla Inc.’s calling used to be bringing affordable electric cars to the masses. Elon Musk is now ripping up the script, vowing to pair self-driving technology with a sharing service that will make it crazy for consumers to buy other cars.
April 23, 2019Tesla Makes It Tougher to Buy Standard $35,000 Model 3
Tesla Model 3s being transported for delivery to customers. (Patrick T. Fallon/Bloomberg News)
Tesla Inc. announced a series of changes to its vehicle lineup and pricing, including making it tougher to buy its newly available entry-level $35,000 car.
April 12, 2019Tesla Plunges as Delivery Drop Deepens Demand Concerns
Jasper Juinen/Bloomberg News
Tesla Inc. shares plummeted as a record decline in deliveries during the first quarter stoked concern of slackening demand for the Model 3 sedan that started selling less than two years ago.
April 4, 2019Tesla Unveils Model Y Crossover, but Delivery Time Reignites Cash Concerns
Tesla Model Y unveiling took place March 14. (Patrick T. Fallon/Bloomberg News)
The Model Y crossover that Elon Musk debuted late March 14 in Hawthorne, Calif., will start being delivered to customers in the fall of next year, later than some analysts anticipated. The company immediately began taking $2,500 pre-orders, a bigger ask than the $1,000 it has charged to reserve a Model 3 sedan.
March 15, 2019