Tesla CEO Elon Musk said Wednesday that the company’s factory in Buffalo, New York will open “as soon as humanly possible” to produce ventilators that are in short supply due to the spread of the COVID-19 pandemic. His comments, which were made Wednesday via Twitter, follows previous statements by the CEO outlining plans to either…
Panasonic is pulling its 3,500 employees from the massive Nevada factory it operates with partner Tesla over concerns about the spread of COVID-19. The company said Friday it will ramp down operations early next week and then close for 14 days. The move only affects Panasonic employees. Tesla also employs thousands of workers at the…
Tesla is in talks with Nashville officials to locate a factory there that will produce its all-electric Cybertruck and Model Y crossover, according to a source familiar with the discussions. Tesla CEO Elon Musk tweeted Tuesday evening that the company is “scouting” locations to build a new U.S. gigafactory that will produce the Cybertruck and…
Since the 2019 low, Tesla’s stock has rallied over 400%. Long-suffering short sellers recently managed to catch a lucky break amid the coronavirus-induced selling. TSLA is overwhelmingly the most shorted stock currently. Despite incurring massive losses due to Tesla’s (NASDAQ:TSLA) 2019-20 rally, short sellers are yet to give up. Their patience paid off somewhat during…
Tesla stock (NASDAQ: TSLA) dove 7.5% on Monday, falling twice as hard as the Dow and S&P 500. Tesla has had a turbulent February, with coronavirus fears beginning to eat into its growth. Analysts warn that Tesla stock is in a bubble and due for a big correction. Yesterday’s stock market plunge was especially painful…
Germany is on the brink of recession after growth slowed to zero in the last quarter. The economy is being dragged down by a seismic slump in car manufacturing. The Tesla effect – and the shift to electric vehicles – is leaving Germany in dire straits. Germany’s economy is on the verge of recession as…
The Chinese automobile industry is in freefall as the country deals with the economic fallout from the coronavirus outbreak. Tesla depends on China to fulfill the optimistic guidance provided by Elon Musk. Tesla probably won’t be able to meet its forecasts because of China-related headwinds. Car sales in China dropped by 92% in the first…
Tesla will report a weak first quarter on lower deliveries, says investor. The company will recover as deliveries soar after the first quarter. The bull believes that TSLA’s share price can skyrocket by over 200% this year. Tesla (NASDAQ:TSLA) is having a monster 2020. The stock is up by over 88% year-to-date and it is…
Just days after Elon Musk said Tesla won’t raise money, the company turned to the capital markets. Tesla was always going to be in need of more cash to fund its future products. This is not the first time Musk lied about raising money. Being the CEO of a publicly-listed company is a tough job.…
Tesla will dilute shareholders by issuing $2 billion worth of additional stock. Elon Musk told investors that a capital raise “doesn’t make sense” just two weeks ago. While the stock dipped in pre-market trading, shares have recovered most of the losses. Tesla (NASDAQ:TSLA) has decided to dilute its investors by raising $2 billion worth of…
