Summary Company announced this weekend they did not meet sales or production estimates for Q2. Tesla decided to release this news in the middle of a 3-day holiday weekend, an insulting move to loyalists. Tesla claims it’s going to push 50,000 cars in the back end of this year. Tesla wonders why it has so […]
Read more "Tesla Shareholders Should Be Offended"Summary Tesla’s key asset is Elon Musk’s credibility, as Ed Niedermeyer noted on Bloomberg West Tuesday, and that asset has taken a beating recently. The crashes of Tesla cars on autopilot and Tesla’s lowered guidance share a disconnect: Neither Tesla’s technology nor its operations have lived up to Musk’s hype. The recent spate of negative […]
Read more "Tesla: Musk’s Credibility Has Eroded"Concerns about the pace of vehicle production at Tesla Motors hit the automaker’s shares as questions swirled about the ramifications of a Tesla Model S owner who died while using the car’s autopilot. As investors struggle to assess the implications of the crash for self-driving cars, Fortune magazine published a story in which Tesla CEO Elon Musk […]
Read more "Musk’s Snarky Remarks to the Tesla Crash"Tesla Motors Inc. and General Motors Corp.’s Chevrolet are preparing to bring out mass-market electric cars next year. If you plan to buy one and help save the planet,people who live near the Atacama salt-flat ask that you spare a thought for the flamingos. The vehicles will be powered by rechargeable batteries containing lithium, a silver-white […]
Read more "Tesla Production Killing Flamingos?"U.S. auto safety regulators said Thursday they have opened a preliminary investigation into 25,000 Tesla Motors Model S cars after a fatal crash in which a driver used its “Autopilot” feature. The National Highway Traffic Safety Administration said the crash came in a 2015 Model S operating with automated driving engaged, and “calls for an […]
Read more "Investigation of Tesla over Fatal Crash"News that SolarCity, another recipient of millions in government largess from the Obama Administration, would be issuing an IPO forced the disclosure that the IRS and the Treasury Department were now investigating the company, and others, for potential abuse of taxpayer funds. The company, which received a subpoena in July from the Office of the […]
Read more "#TBT: IRS and Treasury Investigate Obama’s SolarCity"An investor group wants Tesla Motors to shake up its board of directors after it was discovered six out of seven board members with the solar panel company have direct connections with Elon Musk, the CEO and chairman of both companies. CtW Investor Group said the market’s “hostile reaction” to the SolarCity deal was induced, in […]
Read more "6 Out Of 7 SolarCity Board Members Have Direct Ties To Elon Musk"