Tag: Model 3

Elon Musk and Tesla 3 (Justin Prichard / Associated Press)

Tesla was Under SEC Audit before Autopilot Crashes

Tesla Motors Inc. (TSLA:NYSE) will release its second quarter 2016 results on August 3, with the company still losing gobs of cash, stock down 12 percent in the last 12 months, the hands-free autopilot suffering three product failure crashes, and the SEC looking into the company regarding accounting violations prior to the autopilot allegedly killing a driver.

Elon Musk (Scott Olson / Getty)

Elon Musk, Tesla Promises to Increase Production by 1100%

Despite Tesla Motors Inc. never meeting any unit production targets or making a profit in the last five years, CEO Elon Musk told shareholders this week that through the magic of physics, he will revolutionize the auto industry to increase production by 1,100 percent, and profitably.

AP Photo/Ng Han Guan

Tesla: United Auto Workers Start Organizing Push

The United Auto Workers union announced that it will be targeting Tesla Motor’s Fremont, California factory for unionization efforts, now that the electric vehicle maker plans to ramp up production to over 500,000 units a year.

Lithium mining (Dado Galdieri / Associated Press)

Spiking Lithium Prices Could Dent Tesla’s Profits

Despite huge push-back Breitbart News received for warning April 1 that spiking lithium price inflation could seriously damage or destroy Tesla Motors, Inc.’s business model, Goldman Sachs has declared a new bull market in lithium, reflecting rising prices.

Tesla being towed to dealer.

Tesla Missed Q1 Delivery Target by 10%

The $12.6 billion in pre-orders for the Tesla Model 3 on Mar. 31 demonstrates that Tesla Motors Inc. can produce incredible hype. But a day later, the company filed disclosure with the SEC admitting that it missed first quarter vehicle deliveries by almost 10 percent.

AP Photo

Tesla Uses $300M in Model 3 Deposits to Stay Afloat

Tesla Motors Inc. caused a sensation by picking up $300 million in Model 3 customer deposit cash in just 96 hours this week. The hidden story: that money may have rescued Tesla from a precarious negative working capital crisis. Tesla now has the opportunity to become a profitable car company for the first time.

Elon Musk and Tesla 3 (Justin Prichard / Associated Press)

Tesla Model 3 Shines, But Lithium Price a Challenge

The glamour of the Tesla Model 3 premier this week created a huge surge in orders, but with commodity lithium prices used in Tesla batteries spiking 20 percent and expected to jump another 20 percent, inflationary costs may ruin Tesla’s electric car business.