Elon Musk makes it easy to dismiss his grandiose — unhinged, even — descriptions of his product plans. But if we look past the hyperbole, we see a serious threat for legacy automakers who don’t know and love software. Hard Fork! Hard Fork? Hard Fork One view is that Musk is deranged. Seriously. Not a little bit like someone with a passion for labels that adorn Camembert boxes (atyriosémiophile). No, more like someone who keeps announcing the closure of Tesla retail stores, only to partially countermand his order within days; like someone who gets in serious trouble with the SEC for falsely claiming “funding secured” to take Tesla private at $420/share, and then getting sued and fined to the tune of $40M; or like someone who claims the mythical $35K Model 3 has finally become available, removes it from the Tesla site a little later, waits a few beats and then claims it actuallyis available but you have toorder by phone … [Read more...] about Beneath Tesla’s delusional PR, there is a visionary car company
Tesla share price chart
source Scott Olson/Getty Images Tesla‘s first-quarter deliveries fell short of Wall Street estimates, sending shares down 8.8% on Thursday. The selling has the stock nearing key support in the $250 area. Two Wall Street pros shared their thoughts on what the chart is saying. Watch Tesla trade live. Tesla shares were nearing a test of key support Thursday after the company’s first-quarter deliveries fell short of Wall Street expectations. Shares were down about 8% to less than $269 a share and at their lowest level in more than a week. More important, Thursday’s sell-off has Wall Street strategists paying close attention to key support at $250. “The chart on Tesla (TSLA) tells us the stock is near a very important support level,” said Matt Maley, a managing director and equity strategist at Miller Tabak. “First of all, the $250 level is the one that it bounced strongly off of twice in 2018. … [Read more...] about Tesla’s stock is nearing a key price. Here’s what the pros are saying.
Mara Leighton, provided by Published 6:18 am PST, Friday, March 8, 2019 Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective. Swell Investing Swell is an impact investing platform that helps users invest in high-growth companies that produce — and derive revenue from — products or services that address the environmental and social challenges as outlined by the UN Sustainable Development goals. Swell portfolios center around renewable energy, healthy living, zero waste, green tech, clean water, and disease eradication. The Impact 400 portfolio is 400 of the most impactful, do-good public companies across many sectors, firms, and themes. The company doesn't use algorithms to build its portfolios, and the rigorous human process looks at how a … [Read more...] about This investing app lets anyone with $50 invest in companies that make money by doing good
Jonathan Garber, provided by Published 6:03 am PST, Friday, March 1, 2019 Lucy Nicholson / Reuters Tesla's long-awaited $35,000 Model 3 was announced Thursday evening. CEO Elon Musk said the company would close many of its retail stores to help lower the cost of the Model 3. Musk said he didn't expect Tesla to be profitable in the first quarter but thought profitability should return in Q2. Wall Street analysts were mixed on the announcement. Watch Tesla trade live. Tesla on Thursday announced the arrival of its $35,000 Model 3, something CEO Elon Musk has been promising since March 2016. Musk said the electric-car maker would be able to lower the price of the sedan by closing "many" of its 378 retail stores. "Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected," the company said in a blog post. But … [Read more...] about Tesla’s $35,000 Model 3 is coming — here’s what Wall Street is saying (TSLA)
Kate Taylor, provided by Published 3:10 pm PST, Wednesday, January 16, 2019 Jason Kempin/Getty Images A court granted the motion to serve subpoenas to Azealia Banks and Grimes in a lawsuit centered on Tesla CEO Elon Musk's "funding secured" tweet, asking them to preserve information. Tesla investors claim that Grimes and Banks — who was at one of Musk's properties soon after he posted the tweet— could have information relevant to the case and want to preserve the evidence. A lawyer representing the investors said the plans to serve Banks and Grimes, as well as Business Insider, The New York Times, and Gizmodo subpoenas to preserve evidence. A court has granted investors' motion to serve subpoenas to preserve documents to the rapper Azealia Banks and singer Grimes in a lawsuit against Tesla and Elon Musk, according to new court documents. On Tuesday, the US District Court of Northern California granted the motion to serve document … [Read more...] about Court gives investors the okay to subpoena Azealia Banks and Grimes in lawsuit against Elon Musk and Tesla, asking them to preserve information (TSLA)