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Tesla Inc (TSLA.OQ)

TSLA.OQ on NASDAQ Stock Exchange Global Select Market

302.56USD
20 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Maxwell Technologies Announces Definitive Merger Agreement With Tesla
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Maxwell Technologies Inc ::MAXWELL TECHNOLOGIES ANNOUNCES DEFINITIVE MERGER AGREEMENT WITH TESLA, INC..MAXWELL TECHNOLOGIES INC - MAXWELL SHARES VALUED AT $4.75 IN UPCOMING EXCHANGE OFFER.MAXWELL TECHNOLOGIES INC - COMPANY WILL BE MERGED WITH A TESLA SUBSIDIARY AND BECOME A WHOLLY OWNED SUBSIDIARY OF TESLA.MAXWELL TECHNOLOGIES INC - TESLA WILL COMMENCE AN ALL STOCK EXCHANGE OFFER FOR ALL THE ISSUED AND OUTSTANDING SHARES OF THE COMPANY.MAXWELL TECHNOLOGIES - EACH SHARE OF MAXWELL COMMON STOCK WILL BE EXCHANGED FOR A FRACTION OF A SHARE OF TESLA'S COMMON STOCK.MAXWELL TECHNOLOGIES - DIRECTORS AND CERTAIN OFFICERS OF CO AND I2BF ENERGY LIMITED AGREED TO TENDER ALL OF THEIR MAXWELL SHARES IN THE OFFER.MAXWELL TECHNOLOGIES - AGREEMENT AND CONSUMMATION OF OFFER, MERGER AND OTHER TRANSACTIONS HAVE BEEN UNANIMOUSLY APPROVED BY MAXWELL'S BOARD.MAXWELL TECHNOLOGIES - DIRECTORS, SOME OFFICERS OF CO, I2BF ENERGY AGREED TO TENDER SHARES, REPRESENTING ABOUT 7.56% OUTSTANDING SHARES, IN OFFER.  Full Article

Panasonic: no decision on supplying batteries to Tesla in China
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Panasonic Corp <6752.T>::PANASONIC CFO SAYS NO DECISION ON WHETHER TO SUPPLY BATTERIES TO TESLA CHINA PLANT.  Full Article

Tesla Reports Q4 GAAP Earnings Of $0.78 Per Share
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Tesla Inc ::QUARTERLY GAAP EARNINGS PER SHARE $0.78.QUARTERLY NON-GAAP EARNINGS PER SHARE $1.93.QUARTERLY TOTAL REVENUE $7.23 BILLION VERSUS $3.29 BILLION REPORTED LAST YEAR.Q4 EARNINGS PER SHARE VIEW $2.20, REVENUE VIEW $7.08 BILLION -- REFINITIV IBES DATA.CASH AND CASH EQUIVALENTS OF $3.7 BILLION AT Q4-END, INCREASED BY $718 MILLION IN Q4.MODEL 3 GAAP AND NON-GAAP GROSS MARGIN REMAINED STABLE AT >20 PERCENT IN Q4.CASH FLOW FROM OPERATING ACTIVITIES IN Q4 WAS $1.23 BILLION.QUARTERLY ZEV CREDIT REVENUE RECOGNIZED NEGATIVE $768,000 VERSUS NEGATIVE $179.1 MILLION.2019 CAPEX, THE VAST MAJORITY OF WHICH WILL BE TO GROW OUR CAPACITY AND DEVELOP NEW VEHICLES, IS EXPECTED TO BE ABOUT $2.5 BILLION.SAYS OPERATING CASH FLOW LESS CAPEX IMPROVED FROM Q3 TO $910 MILLION IN Q4.Q4 GAAP NET INCOME OF $139 MILLION IMPACTED BY $54 MILLION NON-CASH CHARGE.SAYS CUSTOMER DEPOSITS DECREASED SEQUENTIALLY BY $113 MILLION IN Q4 TO $793 MILLION AS WE CONTINUE TO WORK THROUGH OUR MODEL 3 BACKLOG.SAYS MODEL 3 PRODUCTION VOLUMES IN FREMONT SHOULD GRADUALLY CONTINUE TO GROW THROUGHOUT 2019.SAYS IN 2018, DEPLOYED 1.04 GWH OF ENERGY STORAGE, NEARLY TRIPLING ENERGY STORAGE DEPLOYMENTS COMPARED TO 358 MWH DEPLOYED IN 2017..SAYS MODEL 3 PRODUCTION VOLUMES IN FREMONT SHOULD GRADUALLY CONTINUE TO GROW THROUGHOUT 2019 AND REACH SUSTAINED RATE OF 7,000 UNITS PER WEEK BY END OF YEAR.SAYS PLANNING TO CONTINUE TO PRODUCE MODEL 3 VEHICLES AT MAXIMUM PRODUCTION RATES THROUGHOUT 2019.  Full Article

Tesla slashed Model S and X staff in recent layoffs - CNBC
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - :DETAILS OF TESLA LAYOFFS EMERGE, INCLUDING REDUCED HOURS FOR MODEL S AND X PRODUCTION-CNBC.TESLA HAS SUSPENDED NIGHT TIME PRODUCTION OF ITS MODEL S SEDANS AND MODEL X SUVS AT ITS FREMONT, CALIFORNIA CAR PLANT-CNBC.TESLA ASKING LAID-OFF EMPLOYEES TO COOPERATE IN ANY CLAIMS AGAINST OR BY CO, AND TO ADHERE TO STRICT NON-DISPARAGEMENT AGREEMENT - CNBC.TWO OF TESLA'S DISMISSED EMPLOYEES SAID LAYOFFS RESULTED IN THEIR LOSING STOCK OPTIONS THEY WERE PROMISED BUT HAD NOT VESTED YET - CNBC.A CURRENT TESLA EMPLOYEE IN FREMONT SAID THAT MODEL 3 PRODUCTION STAFF AND SOFTWARE ENGINEERS SEEMED LEAST LIKELY TO BE CUT - CNBC.  Full Article

Tesla Says Co Has Reduced Model S And X Production Hours - Spokesperson
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Tesla Inc ::TESLA SAYS CO HAS REDUCED MODEL S AND X PRODUCTION HOURS - SPOKESPERSON.  Full Article

Berkshire Hathaway's Lithium Venture In Discussions To Supply Tesla With Lithium - FT
Sunday, 20 Jan 2019 

Jan 20 (Reuters) - :BERKSHIRE HATHAWAY HAS MADE A MOVE INTO LITHIUM, SIGNING AN AGREEMENT TO ALLOW EXTRACTION OF LITHIUM FROM ITS GEOTHERMAL WELLS IN CALIFORNIA - FT.BERKSHIRE HATHAWAY’S GEOTHERMAL WELLS COULD PRODUCE UP TO 90,000 TONNES OF LITHIUM A YEAR- FT.BERKSHIRE HATHAWAY'S LITHIUM VENTURE HAS BEEN IN DISCUSSIONS TO SUPPLY TESLA WITH LITHIUM - FT, CITING SOURCES.  Full Article

Tesla Says Reducing Full-Time Employee Headcount By About 7 Pct
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Tesla Inc ::TESLA SAYS REDUCING FULL-TIME EMPLOYEE HEADCOUNT BY APPROXIMATELY 7 PCT.TESLA SAYS IN Q3 LAST YEAR, CO WAS ABLE TO MAKE A 4 PCT PROFIT.TESLA SAYS WILL NEED TO MAKE CUTS WHILE INCREASING MODEL 3 PRODUCTION RATE,MAKING MANY MANUFACTURING ENGINEERING IMPROVEMENTS IN THE COMING MONTHS.TESLA SAYS IN Q4, PRELIMINARY, UNAUDITED RESULTS INDICATE THAT CO AGAIN MADE A GAAP PROFIT, BUT LESS THAN Q3.TESLA SAYS STARTING AROUND MAY, CO WILL NEED TO DELIVER AT LEAST THE MID-RANGE MODEL 3 VARIANT IN ALL MARKETS.NEED FOR LOWER PRICED VARIANTS OF MODEL 3 BECOMES EVEN GREATER ON JULY 1, WHEN THE US TAX CREDIT AGAIN DROPS IN HALF.TESLA SAYS TO RETAIN ONLY THE MOST CRITICAL TEMPS AND CONTRACTORS.  Full Article

Tesla To Recall More Than 14,000 Cars In China Over Airbags - AFP, Citing Government
Friday, 18 Jan 2019 

Jan 17 (Reuters) - :TESLA TO RECALL MORE THAN 14,000 CARS IN CHINA OVER AIRBAGS - AFP, CITING GOVERNMENT.  Full Article

Elon Musk Says Tesla Going Through Final Validation & Regulatory Approval For 'Summon+' Feature For Tesla Cars - Tweet
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - :ELON MUSK SAYS TESLA GOING THROUGH FINAL VALIDATION & REGULATORY APPROVAL FOR 'SUMMON+' FEATURE FOR TESLA CARS - TWEET.ELON MUSK SAYS 'SUMMON+' FEATURE FOR TESLA CARS TO "PROBABLY" RELEASE TO EARLY ACCESS PROGRAM OWNERS IN A FEW WEEKS- TWEET.TESLA'S MUSK SAYS CO GETTING "SOME REGULATORY PUSHBACK" FOR 'SUMMON+' FEATURE; SAYS IT MAY NOT BE AVAILABLE IN ALL REGIONS- TWEET.  Full Article

Bernstein Says Tesla's Model 3 Demand Questions Likely To Create "Overhang On The Stock" Over Next 1-2 Qtrs
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Bernstein: :BERNSTEIN SAYS TESLA'S MODEL 3 DEMAND QUESTIONS ARE LIKELY TO CREATE AN "OVERHANG ON THE STOCK" OVER THE NEXT 1 TO 2 QUARTERS.  Full Article

UPDATE 2-Tesla's top lawyer leaves two months into the job

Feb 20 Tesla Inc said on Wednesday its general counsel Dane Butswinkas is leaving the electric carmaker just two months into the job, the latest in a string of top-level departures at the company.