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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 Is Temporarily Shutting Down Model 3 Production - Buzzfeed News
Tuesday, 17 Apr 2018 

April 16 (Reuters) - :TESLA IS TEMPORARILY SHUTTING DOWN MODEL 3 PRODUCTION - BUZZFEED NEWS.  Full Article

Elon Musk Says Tesla Will Be Profitable & Cash Flow Positive In Q3 & Q4 - Tweet
Friday, 13 Apr 2018 

April 13 (Reuters) - :ELON MUSK SAYS TESLA WILL BE PROFITABLE & CASH FLOW POSITIVE IN Q3 & Q4 - TWEET .  Full Article

BP Launches First Battery Storage Project With Tesla At U.S. Wind Farm
Tuesday, 10 Apr 2018 

April 10 (Reuters) - BP Plc::BP LAUNCHES ITS FIRST BATTERY STORAGE PROJECT AT U.S. WIND FARM.PILOT PROGRAM WITH TESLA WILL IMPROVE EFFICIENCY AT SOUTH DAKOTA SITE.BATTERY STORAGE PROJECT IS EXPECTED TO LAUNCH AT THE SITE DURING THE SECOND HALF OF 2018.BP WIND ENERGY, THROUGH UNIT, SIGNED A PURCHASE AGREEMENT TO INSTALL A HIGH STORAGE BATTERY AT ITS TITAN 1 WIND FARM IN SOUTH DAKOTA.  Full Article

Tesla Says Q1 Production Totaled 34,494 Vehicles, A 40 Pct Increase From Q4
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Tesla Inc ::TESLA SAYS Q1 PRODUCTION TOTALED 34,494 VEHICLES, A 40% INCREASE FROM Q4.IN THE PAST SEVEN DAYS, TESLA PRODUCED 2,020 MODEL 3 VEHICLES.Q1 DELIVERIES TOTALED 29,980 VEHICLES, OF WHICH 11,730 WERE MODEL S, 10,070 WERE MODEL X, AND 8,180 WERE MODEL 3‍​.IN THE NEXT SEVEN DAYS, EXPECT TO PRODUCE 2,000 MODEL S AND X VEHICLES AND 2,000 MODEL 3 VEHICLES.TESLA SAYS OF Q1 PRODUCTION, 24,728 WERE MODEL S AND MODEL X, AND 9,766 WERE MODEL 3.4,060 MODEL S AND X VEHICLES WERE IN TRANSIT TO CUSTOMERS AT THE END OF Q1, WHICH WAS 68% HIGHER THAN AT THE END OF Q4 2017‍​.NET MODEL 3 RESERVATIONS REMAINED STABLE THROUGH Q1.ADDITIONAL 2,040 MODEL 3 VEHICLES WERE ALSO IN TRANSIT TO CUSTOMERS.ABLE TO DOUBLE WEEKLY MODEL 3 PRODUCTION RATE DURING QUARTER BY ADDRESSING BOTTLENECKS, INCLUDING SEVERAL SHORT FACTORY SHUTDOWNS TO UPGRADE EQUIPMENT.TESLA SAYS IF RATE OF GROWTH OF MODEL 3 CONTINUES, "IT WILL EXCEED EVEN THAT OF FORD AND THE MODEL T".  Full Article

Tesla Spokesperson Says Model 3 Production Is "Highest Priority", So Elon Musk Is Focusing Time There While Doug Field Focuses On Vehicle Engineering
Monday, 2 Apr 2018 

April 2 (Reuters) - Tesla Inc ::TESLA SPOKESPERSON - MODEL 3 PRODUCTION IS "HIGHEST PRIORITY", SO ELON MUSK IS FOCUSING TIME THERE WHILE DOUG FIELD FOCUSES ON VEHICLE ENGINEERING.  Full Article

Tesla making 2,000 Model 3s per week, missing Q1 target - Jalopnik
Monday, 2 Apr 2018 

April 2 (Reuters) - :TESLA MAKING 2,000 MODEL 3S PER WEEK, MUSK SAYS, MISSING TARGET FOR FIRST QUARTER - JALOPNIK, CITING MUSK'S EMAIL TO EMPLOYEES .  Full Article

Tesla Inc - An Update On Last Week'S Accident
Saturday, 31 Mar 2018 

March 30 (Reuters) - Tesla Inc ::TESLA INC - AN UPDATE ON LAST WEEK’S ACCIDENT.TESLA ON LAST WEEK’S ACCIDENT "HAVE MORE INFORMATION ABOUT WHAT MAY HAVE HAPPENED" -BLOG.TESLA ON LAST WEEK’S ACCIDENT -"IN MOMENTS BEFORE COLLISION, AUTOPILOT WAS ENGAGED WITH ADAPTIVE CRUISE CONTROL FOLLOW-DISTANCE SET TO MINIMUM" -BLOG.TESLA ON LAST WEEK’S ACCIDENT -" DRIVER HAD RECEIVED SEVERAL VISUAL AND ONE AUDIBLE HANDS-ON WARNING EARLIER IN THE DRIVE"- BLOG.TESLA ON LAST WEEK’S ACCIDENT -"DRIVER’S HANDS WERE NOT DETECTED ON WHEEL FOR 6 SECONDS PRIOR TO COLLISION"- BLOG.TESLA SAYS "TESLA AUTOPILOT DOES NOT PREVENT ALL ACCIDENTS – SUCH STANDARD WOULD BE IMPOSSIBLE – BUT IT MAKES THEM MUCH LESS LIKELY TO OCCUR"- BLOG.  Full Article

Tesla Reports Q4 Non-Gaap Net Loss Per Share Of $3.04
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Tesla Inc ::QUARTERLY GAAP NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS $4.01.QUARTERLY NON-GAAP NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS $3.04.QUARTERLY TOTAL REVENUES $3.29 BILLION VERSUS $2.28 BILLION REPORTED LAST YEAR.Q4 EARNINGS PER SHARE VIEW $-3.12, REVENUE VIEW $3.28 BILLION -- THOMSON REUTERS I/B/E/S.CASH BALANCE OF $3.4B ENTERING Q1 2018.2018 REVENUE GROWTH EXPECTED TO SIGNIFICANTLY EXCEED 2017 GROWTH.CONTINUING TO TARGET MODEL 3 PRODUCTION RATE OF 5,000/WK BY Q2 END.EXPECT MODEL S AND MODEL X DELIVERIES TO BE APPROXIMATELY 100,000 IN TOTAL IN 2018.CONTINUE TO TARGET A WEEKLY MODEL 3 PRODUCTION RATE OF 2,500 BY THE END OF Q1 AND 5,000 BY THE END OF Q2.CAPITAL EXPENDITURES IN 2018 ARE PROJECTED TO BE SLIGHTLY MORE THAN 2017‍​.FOCUSED ON ACHIEVING TARGET OF 25 PERCENT GROSS MARGIN FOR MODEL 3 AFTER PRODUCTION STABILIZES AT 5,000 CARS PER WEEK.SAYS "AT SOME POINT IN 2018, WE EXPECT TO BEGIN GENERATING POSITIVE QUARTERLY OPERATING INCOME ON A SUSTAINED BASIS".MODEL 3 NET RESERVATIONS REMAINED STABLE IN Q4.EXPECT 2018 MODEL S AND MODEL X DELIVERIES TO BE CONSTRAINED BY SUPPLY OF CELLS WITH THE 18650 FORM FACTOR.EXPECT ENERGY STORAGE PRODUCTS TO EXPERIENCE "SIGNIFICANT GROWTH", WITH AIM TO AT LEAST TRIPLE SALES IN 2018.SERVICE AND OTHER GROSS MARGIN SHOULD IMPROVE IN EACH SUBSEQUENT QUARTER IN 2018.DIAGNOSTICS ARCHITECTURE HAS BEEN "SUBSTANTIALLY REDESIGNED" FOR MODEL 3 IN ORDER TO REDUCE PHYSICAL SERVICE VISITS BY OVER 50 PERCENT.  Full Article

Tesla To Announce CEO Elon Musk's New Compensation Plan - NYT
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - :TESLA INC IS PLANNING TO ANNOUNCE ON TUESDAY CEO MUSK'S NEW COMPENSATION PLAN - NYT.TESLA'S MUSK WILL BE PAID ONLY IF HE REACHES A SERIES OF MILESTONES BASED ON CO’S MARKET VALUE & OPERATIONS; "OTHERWISE, HE WILL BE PAID NOTHING"- NYT.  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

Photo

'Small-town kids' shape future of China's consumption

XINXIANG, China The bright lights of Beijing or Shanghai have never held much allure for Wu Tongxu, a 24-year-old civil servant earning a modest salary in the nondescript city of Xinxiang in China's central Henan province. | Video