Elon Musk

Business, Technology

Tesla Sets Deliveries Record While Falling Short of Elon Musk’s Mark

Tesla Patrick T. Fallon/Bloomberg News

Tesla Inc. set another record for quarterly vehicle deliveries but fell short of a mark Elon Musk said was possible last week, sending the electric carmaker’s shares lower in late trading.

Dana Hull | Bloomberg News
October 2, 2019
Business, Technology

Tesla Revenue Seen Stalling Out as Musk Aims for Delivery Record

Tesla Krisztian Bocsi/Bloomberg News

Analysts at Credit Suisse and RBC Capital Markets are among those predicting Tesla will post lower revenue for the third quarter than a year ago. If there is indeed a decline, it will be a first for the company since 2012 — the year the Model S started production.

Esha Dey and Dana Hull | Bloomberg News
September 30, 2019
Government, Business, Technology

Tesla Gets Exemption From China’s 10% Tax on Car Sales

Tesla storefront in China Giulia Marchi/Bloomberg News

Tesla Inc. won exemption from a 10% Chinese tax on automotive sales, sidestepping trade tensions with the U.S. following CEO Elon Musk’s visit to the country.

August 30, 2019
Business, Technology, Autonomous

Tesla’s Musk and Alibaba’s Ma to Debate AI in China

Elon Musk and Jack Ma Tesla CEO Elon Musk (left) and Alibaba Co-Founder Jack Ma (Bloomberg News)

From Jack Ma to Pony Ma, the leading lights of China’s internet industry gather in Shanghai this week to showcase the country’s latest advances in artificial intelligence. But the real headliner could be American entrepreneur Elon Musk.

August 28, 2019
Government, Business, Technology

Musk’s Tweets About Tesla Production Raise Questions on SEC Accord

Elon Musk Elon Musk arrives at federal court in New York on April 4. (Bloomberg News)

Elon Musk tweeted a Tesla Inc. production number that the company hadn’t communicated previously, presenting the first test case of whether his April settlement with securities regulators has made him more disciplined on social media.

July 30, 2019
Business, Technology

Tesla Plunges on Profit Doubts, Co-Founder J.B. Straubel’s Surprise Exit

Tesla Bloomberg News

Tesla Inc. shares plummeted after a worse-than-expected loss and yet another major management change cast fresh doubts on the electric car maker’s future.

Dana Hull | Bloomberg News
July 25, 2019
Business, Technology

Tesla’s ‘Anemic’ High-Margin Model Sales Extend Profit Struggle

Tesla Tesla Model X (Angel Garcia/Bloomberg News)

Tesla Inc. is delivering more cars than ever because of the emergence of Model 3 customers like Mike Land. His view of the relative weakness of Elon Musk’s more expensive electric cars also helps explain why the company is still struggling to make money.

Kyle Lahucik | Bloomberg News
July 23, 2019
Business, Technology, Logistics

Tesla Readies Production Boost, Hints of Return to Hiring Mode

Tesla Jasper Juine/Bloomberg News

Tesla Inc. is poised to increase production at its California car plant and is back in hiring mode, according to an internal e-mail sent days after the company wrapped up a record quarter of deliveries.

Josh Eidelson | Bloomberg News
July 10, 2019
Business, Technology, Logistics

Musk Seeking Tesla Deliveries Record Could Be a Double-Edged Sword

Tesla 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.

Dana Hull | Bloomberg News
July 1, 2019
Business, Technology

Tesla Analysts Warn on Demand, Profits as Quarter Nears End

Tesla Justin Chin/Bloomberg News

The concerns around the demand for Tesla Inc.’s cars are resurfacing as the second quarter nears a close, with Goldman Sachs analyst David Tamberrino saying volume estimates for the second half of the year and beyond appear to be high, considering there are now fewer “levers to pull to stoke demand going forward.”

Esha Dey | Bloomberg News
June 20, 2019