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Tesla Inc (TSLA.OQ)

TSLA.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Tesla Announces New Long-Term Performance Award For Elon Musk
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Tesla Inc ::TESLA ANNOUNCES NEW LONG-TERM PERFORMANCE AWARD FOR ELON MUSK.‍ELON WILL RECEIVE NO GUARANTEED COMPENSATION OF ANY KIND - NO SALARY, NO CASH BONUSES, AND NO EQUITY THAT VESTS SIMPLY BY PASSAGE OF TIME​.NEW 10-YEAR CEO PERFORMANCE AWARD FOR ELON MUSK WITH VESTING ENTIRELY CONTINGENT ON ACHIEVING MARKET CAP AND OPERATIONAL MILESTONES.SAYS ‍NEW AWARD IS MODELED AFTER ELON'S 2012 PERFORMANCE AWARD​.SAYS ‍ELON'S ONLY COMPENSATION WILL BE A 100% AT-RISK PERFORMANCE AWARD.SAYS MUSK'S ‍NEW COMPENSATION ENSURES THAT HE WILL BE COMPENSATED ONLY IF TESLA AND ALL OF ITS SHAREHOLDERS DO EXTRAORDINARILY WELL​.SAYS ‍PERFORMANCE AWARD CONSISTS OF A 10-YEAR GRANT OF STOCK OPTIONS THAT VESTS IN 12 TRANCHES​.SAYS ‍EACH OF 12 TRANCHES (IN THE NEW PERFORMANCE AWARD) VESTS ONLY IF A PAIR OF MILESTONES ARE BOTH MET​.SAYS ‍IF NONE OF 12 TRANCHES OF MUSK'S NEW PERFORMANCE AWARD IS ACHIEVED, HE WILL NOT RECEIVE ANY COMPENSATION​.SAYS ‍NEW PERFORMANCE AWARD WAS CREATED BY TESLA'S BOARD OF DIRECTORS (WITH ELON AND KIMBAL MUSK HAVING RECUSED THEMSELVES)​.‍ALTHOUGH BOARD GRANTED THIS AWARD TO ELON ON JANUARY 21, 2018, ITS EFFECTIVENESS IS SUBJECT TO APPROVAL OF TESLA'S SHAREHOLDERS​.‍TESLA'S SHAREHOLDERS WILL BE ASKED TO APPROVE MUSK'S PERFORMANCE AWARD AT SPECIAL SHAREHOLDER MEETING THAT WILL BE HELD IN LATE MARCH​.SAYS ‍ELON AND KIMBAL MUSK WILL RECUSE THEMSELVES FROM VOTE​ RELATED TO MUSK'S NEW PERFORMANCE AWARD.  Full Article

Tesla Says ‍In Q4, Co Delivered 29,870 Vehicles, Of Which 15,200 Were Model S, 13,120 Were Model X, And 1,550 Were Model 3​
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Tesla Inc ::TESLA INC - ‍IN Q4, TESLA DELIVERED 29,870 VEHICLES, OF WHICH 15,200 WERE MODEL S, 13,120 WERE MODEL X, AND 1,550 WERE MODEL 3​.TESLA INC - Q4 PRODUCTION TOTALED 24,565 VEHICLES, OF WHICH 2,425 WERE MODEL 3..TESLA INC - ‍IN ADDITION TO Q4 DELIVERIES, ABOUT 2,520 MODEL S AND X VEHICLES AND 860 MODEL 3 VEHICLES WERE IN TRANSIT TO CUSTOMERS AT END OF QUARTER​.TESLA INC - "DURING Q4, WE MADE MAJOR PROGRESS ADDRESSING MODEL 3 PRODUCTION BOTTLENECKS".TESLA INC - Q4 2017 TESLA DELIVERIES REPRESENT A 27% INCREASE OVER Q4 2016.TESLA INC - IN LAST SEVEN WORKING DAYS OF QUARTER, CO MADE 793 MODEL 3'S.TESLA INC - ‍MODEL 3 DELIVERIES TO NON-EMPLOYEE CUSTOMERS ARE NOW "ACCELERATING RAPIDLY"​.TESLA - IN LAST FEW DAYS, CO HIT PRODUCTION RATE ON EACH OF MANUFACTURING LINE THAT EXTRAPOLATES TO OVER 1,000 MODEL 3'S PER WEEK.TESLA INC - ‍WE INTEND TO ACHIEVE 5,000 PER WEEK MILESTONE FOR MODEL 3 VEHICLES BY END OF Q2​.TESLA INC - EXPECT TO HAVE A SLIGHTLY MORE GRADUAL RAMP THROUGH Q1, LIKELY ENDING QUARTER AT A WEEKLY RATE OF ABOUT 2,500 MODEL 3 VEHICLES.  Full Article

Gersan Elektrik signs one-sided non-disclosure agreement with Tesla Motors Netherlands
Monday, 4 Dec 2017 

Dec 4 (Reuters) - GERSAN ELEKTRIK ::SIGNS ONE-SIDED NON-DISCLOSURE AGREEMENT WITH TESLA MOTORS NETHERLANDS.AGREEMENT COVERS POSSIBLE DEAL ABOUT PRODUCTION AND INSTALLATION OF ELECTRIC VEHICLE CHARGING STATIONS.  Full Article

Titanium Transportation Says Reserved Five All-Electric Class 8 Tesla Semis​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Titanium Transportation Group Inc::TITANIUM TRANSPORTATION GROUP INC - ‍COMPANY HAS RESERVED FIVE ALL-ELECTRIC CLASS 8 TESLA SEMIS​.TITANIUM TRANSPORTATION GROUP - ‍EXPECT INVESTMENT IN TESLA TRUCKS WILL ALLOW FOR "SIGNIFICANT" NET OPERATING AND MAINTENANCE SAVINGS FOR LOCAL FLEET​.  Full Article

Wal-Mart says has preordered 5 of Tesla's new electric trucks for U.S.‍​‍​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - :Wal-Mart says has pre-ordered 5 units of Tesla's new heavy-duty electric vehicle for the U.S. - Statement ‍​.Wal-Mart says has pre-ordered 10 units of Tesla's new heavy-duty electric vehicle for Wal-Mart Canada - Statement ‍.  Full Article

Wal-Mart says it's planning to test Tesla's new electric trucks- CNBC‍​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - :Wal-Mart says it's planning to test Tesla's new electric trucks- CNBC‍​.  Full Article

J B Hunt Transport Services Inc reserves Tesla trucks
Friday, 17 Nov 2017 

Nov 17 (Reuters) - J B Hunt Transport Services Inc :J B Hunt Transport Services Inc reserves Tesla trucks.J B Hunt Transport Services Inc - ‍placed a reservation to purchase multiple Tesla semi tractors to be manufactured by Tesla​.  Full Article

Goldman Sachs cuts Tesla Inc PT to $205 from $210
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Tesla Inc :Goldman Sachs cuts target price to $205 from $210; rating sell.Goldman Sachs says stock should continue to de-rate following Q3 results.Goldman Sachs says co will need to raise capital sooner (Q2 2018 versus Q3 2018).Goldman Sachs says co's comments on potential China production (3 years out) will be disappointing to investors.  Full Article

Tesla posts qtrly net loss per share attributable to stockholders $3.70
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Tesla Inc ::Cash balance of $3.5 billion entering Q4 2017.Tesla says about 100,000 Model S and X deliveries projected for 2017."Model 3 production steadily increasing".Qtrly GAAP net loss per share attributable to common stockholders $3.70.Qtrly total revenue $2.98 billion versus $2.30 billion.Capital expenditures are expected to be approximately $1 billion in Q4‍​.Currently expect to achieve a production rate of 5,000 Model 3 vehicles per week by late Q1 2018.Says plans to produce about 10 percent fewer Model S and Model X in Q4 compared to Q3.Expect Model 3 non-GAAP gross margin to reach breakeven by end of Q4, because of increased capacity utilization.Qtrly non-GAAP net loss per share attributable to common stockholders $2.92.Tesla says demand for Model 3 is not going to be a constraint for "quite a long time".Model 3 non-GAAP gross margin should improve rapidly in 2018 to co's target of 25 percent.In Q3, co delivered 25,915 Model S and Model X vehicles and 222 Model 3 vehicles, for a total of 26,137 deliveries.Q3 earnings per share view $-2.29, revenue view $2.95 billion -- Thomson Reuters I/B/E/S."Believe that we are well capitalized to accommodate the revised ramp of Model 3 production to 5,000 per week".Recent production challenges may affect short-term costs, but have no impact on Model 3 non-GAAP gross margin target of 25 percent.  Full Article

UAW files charges against Tesla on behalf of terminated workers‍​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - United Auto Workers ::UAW files charges against Tesla on behalf of terminated workers‍​.United Auto Workers International Union filed unfair labor practice (ulp) charges against Tesla Inc on wednesday.Says filing by UAW lays out six charges against Tesla​.  Full Article

Tesla delays, tax credit concerns spur sales of Chevy Bolts

SAN FRANCISCO, Feb 16 Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.