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Tesla Motors (TSLA)

  • Tue, Jun. 16, 7:19 AM
    • Germany is expected to make a decision by the end of the year if it will provide major incentives for the electric vehicle industry to reach a goal of one million EVs on German roads by the end of the decade.
    • The nation faces some pressure from an European Union mandate to help automakers cut vehicle fleet emissions to 95 grams/km by 2021.
    • "Germany will have no choice but to offer further support (for EVs) although we've already done some things," noted Chancellor Angela Merkel at an EV conference.
    | Tue, Jun. 16, 7:19 AM | 61 Comments
  • Mon, Jun. 15, 3:30 PM
    • Tesla Motors (TSLA -0.2%) plans to introduce a crossover and a sedan as part of its Model 3 initiative, chief technical officer JB Straubel disclosed over the weekend.
    • The Model 3 lineup is expected to start selling in 2017 at a pricing level that makes it more appealing to a broader part of the population than the pricey Model S.
    • Straubel also fired off the same Tesla long-term annual selling projection (500K by 2020) first issued by CEO Elon Musk.
    • S&P Rating has something to say about Tesla Motors today in a report in which the ratings agency affirmed a B- corporate credit rating on the company.
    • "In our opinion, the company could still tap additional sources of liquidity over the next 12 months to fund its ongoing growth investments," said S&P.
    • Previously: Tesla takes out $500M-$750M credit line (June 12)
    | Mon, Jun. 15, 3:30 PM | 279 Comments
  • Fri, Jun. 12, 7:16 PM
    • Tesla (NASDAQ:TSLA) has obtained a $500M, 5-year, credit facility via 5 banks. The EV/battery maker has the option to increase the facility's size to $750M, and is also receiving a $100M letter of credit subfacility and a $40M swingline loan subfacility. (8-K filing)
    • Borrowings will carry floating interest rates. Tesla only says the funds could be used for "working capital and general corporate purposes."
    • Tesla had $1.51B in cash at the end of Q1, and $2.51B in long-term debt. The company has set a $1.5B 2015 capex budget, as it works to build the Gigafactory and expand EV production capacity.
    | Fri, Jun. 12, 7:16 PM | 344 Comments
  • Tue, Jun. 9, 6:14 PM
    • Elon Musk states at Tesla's (NASDAQ:TSLA) annual meeting Deepak Ahuja, the company's CFO since 2008, will be retiring. Ahuja will remain on board until a successor is named.
    • Musk also states Model X SUV deliveries will begin in 3-4 months. That meshes with a prior forecast for deliveries by late Q3.
    • New Model S auto-pilot features could be released to customers through a software beta by late June. Musk says he's personally testing the features "every week."
    • Tesla is down fractionally in AH trading.
    | Tue, Jun. 9, 6:14 PM | 182 Comments
  • Mon, Jun. 8, 11:28 AM
    • Tesla Motors (TSLA +3.6%) is higher after Baird issues a new report in support of its bullish view on the company.
    • The investment firm thinks tomorrow's Tesla shareholder meeting and delivery guidance from the company in early July could act as short-term catalysts, while the Model X introduction and an unveiling of the Model 3 prototype  are also likely to put a charge into shares when they come off.
    • Baird moves its price target on Tesla to $335 from $275 off a 35X multiple of 2020 EPS projections.
    | Mon, Jun. 8, 11:28 AM | 153 Comments
  • Mon, Jun. 8, 6:23 AM
    • Panasonic (OTCPK:PCRFY) plans to send hundreds of its employees to Tesla's (NASDAQ:TSLA) Gigafactory in Nevada from this autumn to prepare for production of lithium-ion batteries for electric cars, which it confirmed will start sometime next year.
    • Panasonic also said it expects to invest around ¥60B ($478M) in the current fiscal year through March in its automotive business, which includes the Gigafactory and a joint development project with Spanish auto parts maker Ficosa International.
    | Mon, Jun. 8, 6:23 AM | 187 Comments
  • Sat, Jun. 6, 11:50 AM
    • Funding for electric vehicle incentive programs is in jeopardy in some states, according to a breakdown by Automotive News.
    • Illinois recently suspended its Alternate Fuels Rebate Program due to fiscal reasons, while several other states appear likely to let EV funds run out with no plans to reload.
    • Industry groups such as the Electrification Coalition are pushing legislators to continue the programs until consumer awareness on EVs is elevated and infrastructure is built out.
    • Related stocks: OTCPK:NSANY, OTCPK:BAMXY, TSLA, GM, TM.
    • Previously: Electric vehicle demand steady as long-term forecasts debated (June 5)
    | Sat, Jun. 6, 11:50 AM | 129 Comments
  • Fri, Jun. 5, 10:34 AM
    • Electric vehicles sales in the U.S. are tracking almost even with last year's pace after five months.
    • An increase in advertising and key price cuts on some models contributed to a M/M boost in demand in May, according to analysts.
    • There's also the ZEV factor as automakers balance EV production levels against government mandates.
    • Despite the sluggish pace of EV sales over the last year, a fresh report from Navigant Research estimates 1.1M plug-in electric vehicle sales by 2024 as more models are introduced with extended ranges and mass-market pricing.
    • TrueCar estimates several models will sell over 100K per year after the 200-mile range threshold is crossed.
    • Though the Tesla Motors (NASDAQ:TSLA) Model 3 and General Motors (NYSE:GM) Bolt are the models given the best chance by some analysts to put out large volume numbers, Nissan (OTCPK:NSANY) is also waiting in the wings with a second-gen Leaf and Infiniti EV.
    • Early demand for the BMW (OTCPK:BAMXY) i3 has surprised on the upside which may reinforce the German automaker's ambition in the segment.
    • Ford (NYSE:F) and Toyota (NYSE:TM) are adopting a nimble strategy with EV production which may pay off in the long term.
    | Fri, Jun. 5, 10:34 AM | 175 Comments
  • Mon, Jun. 1, 3:25 PM
    • Tesla Motors (TSLA -0.3%) CEO Elon Musk called into CNBC this afternoon to take issue with a detailed Los Angeles Times article on the amount of subsidies the automaker has taken in or is set to earn.
    • The LA Times came up with a $4.9B figure for government support when adding all incentives for Tesla, SolarCity, and SpaceX - although Musk said the payments are spread out over 20 years and based on financial performance instead of a blank check.
    • Musk noted the incentives that Tesla receives for projects such as the Gigafactory are helpful, but also maintained they aren't necessary for Tesla's survival.
    • There's some conspiracy theory hinted by Musk on the involvement of oil & gas interests in the anti-Tesla push and the incentives paid to other automakers with fewer questions raised.
    • CNBC interview of Musk
    | Mon, Jun. 1, 3:25 PM | 268 Comments
  • Wed, May 27, 3:58 PM
    • Southern Co. (SO +1.2%) Chairman/CEO/President Thomas Fanning says the company has reached an agreement with Tesla (NASDAQ:TSLA) to test commercial-scale battery storage.
    • Under the TSLA agreement, SO will "examine potential applications for the energy storage technology in helping meet customers' energy needs," Fanning says at the annual shareholder's meeting.
    | Wed, May 27, 3:58 PM | 158 Comments
  • Wed, May 27, 10:40 AM
    • Tesla Motors (TSLA -0.4%) unleashed a few pop-up stores last weekend in the U.S. in an initiative that could be part of the company's plan to disrupt the traditional dealership model.
    • Early reviews on the pop-up stores that can be transported around the country on flat-bed trucks have been mostly positive.
    • Silicon Valley Business Journal even speculates pop-up stores could be the secret weapon referenced by Elon Musk earlier this year.
    • "I do have a secret weapon on the demand side that will probably start to deploy later this year for demand generation," teased Musk on a conference call.
    • Theories on the secret weapon have drifted from rentals to trade-in programs, but many Tesla watchers see the pop-up concept as the most logical on the potential to help push the company into new high-traffic areas of Europe and China.
    • Tesla Q4 earnings call transcript
    • Tesla pop-up store image from The Car Connection.
    | Wed, May 27, 10:40 AM | 184 Comments
  • Mon, May 18, 9:22 AM
    • A road test by Consumer Reports of a Tesla Motors (NASDAQ:TSLA) Model S P85D has been delayed after a broken door handle rendered the car undriveable.
    • The publication reports that doors, locks, and latches are problem areas for Model S owners.
    • Earlier this year, the Model S was selected as the best overall model by CR, although it scored only average on reliability.
    • TSLA -1.15% premarket to $245.97.
    | Mon, May 18, 9:22 AM | 104 Comments
  • Wed, May 13, 12:55 PM
    • Tesla Motors (TSLA -0.2%) plans to introduce an autonomous car-passing feature on newer Model S vehicles.
    • The driver activates the option through the use of a turning signal stalk in a legal twist that could alleviate some concerns over insurance liability.
    • Sources tell the WSJ the timing of the software roll-out isn't certain yet.
    • Safety remains a major topic amid the push in the automobile industry to roll out self-driving features.
    • Google's (NASDAQ:GOOG) top self-driving car exec, Chris Urmson, addressed the issue in a blog post in which he disclosed the program has been involved in 11 minor accidents in six years of testing of the company's autonomous cars.
    • Urmson on Google's algorithm vs. human error: "With 360 degree visibility and 100% attention out in all directions at all times; our newest sensors can keep track of other vehicles, cyclists, and pedestrians out to a distance of nearly two football fields."
    | Wed, May 13, 12:55 PM | 131 Comments
  • Tue, May 12, 2:49 PM
    • A new bill signed by Governor Larry Hogan gives Tesla Motors (NASDAQ:TSLA) the right to sell directly to the public in Maryland.
    • Alternative energy vehicle manufacturers in the state now have the right to operate up to four locations.
    • Tesla has been waging a state-by-state battle to broaden its sales network.
    | Tue, May 12, 2:49 PM | 56 Comments
  • Tue, May 12, 3:33 AM
    • Tesla (NASDAQ:TSLA) is modifying its vehicles to fit China's national charging standards, the latest move by the automaker to boost sales in the world's largest auto market.
    • Sales have been hampered by "range anxiety," or the fear of running out of electricity while on the road, a challenge exacerbated by the incompatibility of Tesla's vehicles to the charging facilities built by China's State Grid.
    | Tue, May 12, 3:33 AM | 128 Comments
  • Sat, May 9, 10:55 AM
    | Sat, May 9, 10:55 AM | 61 Comments
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.