Tesla Motors (TSLA) - NASDAQ
  • Tue, Jun. 21, 5:30 PM
    • Solar City (NASDAQ:SCTY) +22.3% AH after Tesla (NASDAQ:TSLA) says in a blog post that it has made an offer to acquire the company; TSLA -10% AH.
    • TSLA proposes an exchange ratio of 0.122x to 0.131x shares of Tesla common stock for each share of SCTY, which represents a value of $26.50-$28.50/share, or a 21% premium over today's closing price.
    • TSLA says its proposal builds on a partnership between the two companies where SCTY uses TSLA battery packs as part of its solar projects.
    | Tue, Jun. 21, 5:30 PM | 496 Comments
  • Mon, Jun. 20, 6:54 PM
    • Shanghai has emerged as the front-runner to become the production base for Tesla (NASDAQ:TSLA) in China in an investment that could be worth ~$9B, Bloomberg reports.
    • TSLA has signed a non-binding agreement with government-owned Jinqiao Group for the production base, and each group may invest ~$4.5B in the partnership, with the Chinese group putting up land for most of its share, according to the report.
    • Manufacturing in China would allow TSLA to avoid a 25% import levy, making its electric vehicles more competitive against luxury-brand rivals as well as domestic offerings.
    | Mon, Jun. 20, 6:54 PM | 98 Comments
  • Mon, Jun. 20, 2:59 PM
    • Panasonic (OTCPK:PCRFY, OTCPK:PCRFF) will begin to produce batteries for Tesla (TSLA +2.6%) at the Gigafactory ahead of schedule, according to a report from the Nikkei Asian Review.
    • Nikkei reports that the Nevada plant is set to open in July, with power cell production to begin in November. That's a quicker timetable than the early 2017 ramp up in battery production that some anticipated.
    • A Panasonic executive is quoted as saying that the company is likely to invest more than $1.6B in the plant in order to speed up production and avoid delaying the Tesla assembly line.
    | Mon, Jun. 20, 2:59 PM | 89 Comments
  • Mon, Jun. 20, 7:47 AM
    • Tesla Motors (NASDAQ:TSLA) is beginning to set up operations in South Korea.
    • The EV automaker has registered its corporation and is planning for an office in Seoul.
    • Job listings posted by Tesla for sales and engineering positions have also been spotted.
    • Tesla will compete with Hyundia and Kia Motors when it brings the Model 3 to the market.
    • Shares of Tesla are up 1.53% premarket to $218.77.
    | Mon, Jun. 20, 7:47 AM | 71 Comments
  • Fri, Jun. 17, 9:07 AM
    • Shares of Volkswagen (OTCPK:VLKAY) fell this week after the company outlined in broad strokes its EV strategy.
    • Though the German automaker called the EV initiative its "biggest change process" in its history, analysts wanted more details. While 30 new EV models are expected over the next ten years, and a target of a 20% to 25% EV mix by 2025 was set by the company, management didn't dive into specifics on production, price points, and driving ranges.
    • "There are worthy elements among the plans but it's probably also a marketing exercise by VW to tell the public that they have gotten the message," noted Commerzbank analyst Sascha Gommel.
    • "Without any additional details on planned measures as well as on Dieselgate, we stick to our skeptical view on VW," DZ Bank analyst Michael Punzet wrote.
    • Other automobile industry watchers think Volkswagen will need to move on its electrification talk rather quickly with the German government backing the EV industry with incentives and the mass-market Chevy Bolt (NYSE:GM) and Model 3 (NASDAQ:TSLA) aiming high. However, a serious disadvantage for Volkswagen in making a significant EV makeover is the high level of representation from labor on the board.
    • Volkswagen ADRs are down about 7% for the week.
    • Previously: The Germans roll forward with EV plans (June 11)
    | Fri, Jun. 17, 9:07 AM | 53 Comments
  • Fri, Jun. 17, 7:31 AM
    • Tesla Motors (NASDAQ:TSLA) held a welcoming event in Beijing to mark the arrival of the Model X SUV.
    • China is the first country in Asia to receive the Model X. The nation is also the second largest market for the EV automaker.
    • Beijing introduction video from Tesla
    | Fri, Jun. 17, 7:31 AM | 70 Comments
  • Thu, Jun. 16, 7:52 AM
  • Mon, Jun. 13, 10:34 AM
    • Tesla Motors (TSLA +2.8%) achieved a weekly production run rate of 2K vehicles for the first time, according to Electrek. The confirmation was reportedly made at a Tesla Weekend Social event.
    • The 2K units per week level of production was a target of the company outlined its last quarterly letter to shareholders.
    • Tesla's outlook: "We plan to exit Q2 at a steady production rate of 2,000 vehicles per week, thus laying the foundation for a strong Q3 delivery number."
    • The same letter also affirmed guidance for 80K to 90K deliveries (Model S and Model X) for the full year.
    | Mon, Jun. 13, 10:34 AM | 492 Comments
  • Sat, Jun. 11, 9:34 AM
    • Electric vehicles remain in focus with German automakers as the Volkswagen scandal continues to throw a spotlight on diesel emissions. There's also a touch more of reality on an EV future after German Chancellor Angela Merkel’s government backed a joint deal with automakers to invest heavily in incentives.
    • Daimler (OTCPK:DDAIF) plans to unveil its long-range Mercedes-Benz electric vehicle at the Paris Auto Show in October. Sales of the Mercedes EV are expected to start in 2019.
    • Audi aims to introduce a new EV model every year beginning in 2018. Electric crossovers and SUVs are a major part of Audi's strategy.
    • A new all-electric flagship sedan is expected out of BMW (OTCPK:BAMXY) in 2021. In the meantime, BMW stepped up the driving range of its i3 with the 2017 model (114 miles). A two-pronged attack from BMW has the company investing heavily in self-driving car technology and mulling over partnerships.
    • Porsche has the dreamy Mission E Electric sports car in the works. The concept version boasted nearly-Ludicrous stats (zero-to-62 mph in less than 3.5 seconds, 310 miles all-electric range, and 600 horsepower to all four wheels)
    • The Volkswagen (OTCPK:VLKAY) brand is also making a major commitment to electric cars as part of its broad emissions-cheating mea culpa. Earlier this week, InsideEVs reported that the company is considering a second dedicated electric car platform that will bring larger models into the picture.
    • Beyond all the EV developments in Germany aimed at the higher-price points - there's still Tesla Motors (NASDAQ:TSLA),  Apple (see MacRumors' rundown), GM's (NYSE:GM) mass-market Bolt, and dramatic self-driving car partnerships involving Uber (Private:UBER), Lyft (Private:LYFT), Toyota (NYSE:TM), Google, and Fiat Chrysler (NYSE:FCAU) in the mix.
    • Some analysts have suggested the best play on the EV production ramp is a bet on key suppliers. Now who has a sleeper pick to share?
    | Sat, Jun. 11, 9:34 AM | 270 Comments
  • Fri, Jun. 10, 5:21 PM
    • Tesla (NASDAQ:TSLA) is revising nondisclosure agreements to address concerns customers were discouraged from reporting possible safety problems with its vehicles, according to a Dow Jones report.
    • TSLA revised the agreements to make clear the contracts do not prohibit customers from reporting suspected safety problems to the U.S. National Highway Traffic Safety Administration, the report says.
    • The move follows reports (I, II) that agreements TSLA asked customers to sign in exchange for covering some repair costs could prevent them from disclosing possible safety issues to U.S. regulators.
    | Fri, Jun. 10, 5:21 PM | 407 Comments
  • Fri, Jun. 10, 10:07 AM
    • Piper Jaffray launches coverage on Tesla Motors (TSLA -1.5%) with a Neutral rating and $223 price target.
    • The investment firm shows some preference for Detroit automakers as both Ford (F -0.9%) and General Motors (GM -1.1%) are initiated at Overweight with generous PTs of $17 and $41, respectively. The rather run-of-the-mill write-ups on Ford and GM from Piper focus on improved balance sheets and dividend payouts, while the Tesla take points to Model 3 delivery date concerns.
    • PJ suggests Mobileye might be the automobile industry disruptor to bet on (Overweight/$50 PT).
    | Fri, Jun. 10, 10:07 AM | 40 Comments
  • Fri, Jun. 10, 4:27 AM
    • The Tesla (NASDAQ:TSLA) rumors keep coming... A report yesterday suggested the NHTSA was examining potential suspension problems with the Model S, sending the carmaker's stock down 2.6%.
    • Responding to the rumor in a blog post, Tesla said that not only is there no safety defect, but the auto agency hasn't even opened a "preliminary evaluation" on the matter.
    • "It's worth noting that the blogger who fabricated this issue... is Edward Niedermayer. This is the same gentle soul who previously wrote a blog titled 'Tesla Death Watch,' which starting on May 19, 2008 was counting the days until Tesla's death."
    | Fri, Jun. 10, 4:27 AM | 167 Comments
  • Thu, Jun. 9, 5:10 PM
    • Tesla (NASDAQ:TSLA) dipped into the close, finishing -2.6% on the day, following news that the U.S. National Highway Traffic Safety Administration is reviewing reports of potential suspension problems on the Model S sedan.
    • The review is a step before the agency decides whether to open a formal investigation leading to a potential safety recall.
    • "Welcome to the automotive world, Tesla,” says Autotrader.com analyst Michelle Krebs. “As they start selling more cars and expanding, these kinds of things will come up so they have to be prepared for that.”
    | Thu, Jun. 9, 5:10 PM | 136 Comments
  • Thu, Jun. 9, 3:13 PM
    • Tesla Motors (TSLA -0.9%) began selling a 60-kWh version of the Model S for $66K today. The list price doesn't include tax incentives.
    • Owners of the new S 60 can upgrade to the 75-kWh version.
    • The latest Model S entry will have a driving range of about 210 miles (218 miles with AWD) and a top speed in the neighborhood of 130 mph, according to the company.
    • The new Models 60 S will qualify for free charging along the Supercharger network.
    | Thu, Jun. 9, 3:13 PM | 72 Comments
  • Thu, Jun. 9, 7:17 AM
    • BMW (OTCPK:BAMXY) beat out Tesla Motors (NASDAQ:TSLA) for a contract with the Los Angeles Police Department.
    • The LAPD decided to lease 100 i3 all-electric vehicles after testing Tesla's pricier P85D. The German automaker also had the advantage of an existing relationship with BMW via a motorcycle deal.
    • The total cost of the BMW three-year lease program for the i3 fleet is $1.4M.
    • Police Chief Charlie Beck said the department is open to more deals with BMW or Tesla as it increases its mix of EVs.
    • "They will absolutely be the patrol cars of the future," noted Beck.
    | Thu, Jun. 9, 7:17 AM | 61 Comments
  • Wed, Jun. 8, 2:13 PM
    • Tesla Motors (TSLA +1%) may use Samsung SDI (OTC:SSDIY) to supply batteries for Tesla Energy.
    • Last night, Elon Musk tweeted that the company is sticking with Panasonic as a supplier for the Model 3, but he responded earlier today to Bloomberg reporter Dana Hull that a Samsung-Tesla Energy relationship is possible (Twitter exchange).
    • Tesla and Panasonic have a supply agreement that covers 1.8B battery cells through 2017.
    • Previously: Musk shoots down battery rumors about Model 3 (June 8)
    | Wed, Jun. 8, 2:13 PM | 80 Comments
Company Description
Tesla Motors, Inc. engages in the design, development, manufacturing, and selling of electric vehicles and electric powertrain components. Its products include electric vehicles such as the Model S, Model X, and the Tesla Roadster. The company was founded by Jeffrey B. Straubel, Elon R. Musk and... More
Industry: Auto Manufacturers - Major
Country: United States