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Tesla Motors (TSLA)

  • Nov. 19, 2014, 10:34 AM
    • Tesla Motors (TSLA -4.1%) trades lower after Morgan Stanley lowers its forecast for 2015 Model X deliveries to 5K from 15K.
    • The investment firm is now below the Street consensus with a 2015 EPS estimate of $2.45 on Tesla.
    • Elon Musk has tweeted that rumors (MS reference) about the EV automaker canceling its Model X falcon wing door plan are false. Tesla labels the doors "falcon wing" because they are hinged near the roof and open up similar to DeLorean cars from the 1980s.
  • Nov. 14, 2014, 11:24 AM
    • Tesla Motors (TSLA +0.9%) is offering discounts on some 2014 Model S vehicles, sources tell Consumer Reports.
    • The publication says the Model S price cuts are being determined by the length of time since production and miles on the odometer.
    • The development isn't completely shocking with rave reviews out for the 2015 Model S and plenty of anticipation for the Model X.
    • Still, some Tesla watchers such as Stanphyl Capital Management are pointing at the "production-constrained" claims of Elon Musk in prior statements.
  • Nov. 13, 2014, 2:47 PM
    • The top powertrain business development exec at Tesla Motors (TSLA +1.5%) says the automaker's storage battery system for residential solar rooftop setups will be ready in the second half of 2015.
    • The comments from Mateo Jaramillo were made at the California Power and Gas Conference in San Francisco.
  • Nov. 12, 2014, 10:06 AM
  • Nov. 6, 2014, 8:22 AM
    • Tesla Motors (NASDAQ:TSLA) CEO Elon Musk was pressed harder on production numbers during the automaker's earnings call than during previous quarterly calls.
    • The exec says hitting the 50K Model S delivery mark in 2015 won't be "super hard" based on where the company is currently trending.
    • On Model X production: Musk is quite hesitant to throw out any hard numbers with production still at risk of delays, although he notes he's confident demand will end up very high. The slight delay in the X launch is due to Tesla's quest for high standards. "It's hard to engineer and it's hard to produce," says Musk.
    • On capital: "We don't see any near-term need to raise money," notes Musk.
    • Earnings call transcript
    • TSLA +2.80% premarket to $237.60.
  • Nov. 5, 2014, 4:36 PM
  • Nov. 5, 2014, 4:30 PM
    • Tesla Motors (NASDAQ:TSLA) says it delivered 7,785 Model S units in Q3 vs. company guidance of 7.8K and expectations from analysts in the 8K-8.2K range.
    • As tipped in an Elon Musk tweet last week, deliveries in North America were up 65% Y/Y during the month of September.
    • Non-GAAP gross margin was 23.0% vs. 26.8% in Q2 and 22% a year ago. Higher R&D expenses on the dual motor drive were a factor.
    • Tesla took in $31M from powertrain sales during the quarter and $93M in regulatory credits.
    • Guidance: Tesla expects to produce 35K for the full year and deliver 33K. Previous projections for 2015 are held firm. The automaker expects its non-GAAP gross margin rate to exceed 28% in Q4. Model X deliveries are slated to begin in Q3 of 2015, a few months back from initial projections.
    • A conference call is scheduled for 5:30 PM ET (webcast).
    • Tesla shareholder letter (.pdf)
    • TSLA +4.8% AH to $242.00.
  • Nov. 3, 2014, 1:12 PM
    • A review of the Tesla Motors (TSLA +0.7%) 2015 Model S P85D out from Motor Trend seems to back up the claims of Elon Musk on the lightning-fast acceleration of the vehicle.
    • A 3.1-second 0-to-60 MPH time (almost F-1 territory) is recorded in testing of the +$100K sportscar.
    • "Brace yourself, Teutonic Status Quo, because the quickest-accelerating sedan in the world isn't German anymore. It's from California," expounds MT.
    • What to watch: Automobile insiders say the P85D is a brand builder, but the appeal of the Model X to the masses is still the essential variable to the Tesla equation.
  • Oct. 30, 2014, 9:09 AM
    • How bad is the smog in Beijing?
    • The China Fashion Week show in the nation's capital included the introduction of new lines of face masks from well-known designers.
    • Twice this month smog in Beijing has soared past the 400 level on a pollution index which marks 300 as a hazardous level.
    • The worsening smog situation in China has led many cities to take new measures to support the electric vehicle industry.
    • Related stocks: F, GM, OTCQX:VLKAY, TSLA, TM, HMC, OTCPK:NSANY.
  • Oct. 29, 2014, 7:31 AM
    • The city of Shanghai has exempted close to 400 Model S buyers in the region from paying $12K each for a license plate.
    • The initiative by the local government falls in line with efforts by Beijing to promote the electric vehicle industry.
    • Tesla Motors (NASDAQ:TSLA) is in discussions with other major cities across China on scoring similar exemptions for buyers.
  • Oct. 28, 2014, 8:18 AM
    • Shares of Tesla Motors (NASDAQ:TSLA) move higher in early trading.
    • CEO Elon Musk disclosed via Twitter that September sales for the EV automaker in North America were up 65% Y/Y to contradict a report from the WSJ and other news sources citing data from Ward's Auto showing a slowdown in the U.S.
    • Another important distinction from Musk is that the US Bank leasing deal provides a better interest rate to Tesla buyers - but not lower revenue for the EV automaker.
    • TSLA +3.5% premarket.
  • Oct. 27, 2014, 2:47 PM
    • Shares of Tesla Motors (TSLA -5.5%) are volatile with talk building up that data from Ward's Auto shows slowing Model S demand in the U.S.
    • Sources say the research firm tabulated a 26% Y/Y drop in unit sales for Tesla during September.
    • There's already some bulls out defending Tesla, noting the month was expected to show a year-over-year drop.
    • What to watch: Look for management commentary on the impact of the planned shutdown of Tesla's plant in Fremont this summer when the company reports Q3 earnings on November 5.
    • Previously: The EV automaker announced a new leasing program featuring lower payments.
  • Oct. 27, 2014, 8:13 AM
    • Tesla Motors (NASDAQ:TSLA) announces a new leasing program is available for customers through US Bank.
    • The terms of the lease deal allow customers to back out of their obligation within three months of purchasing a Model S if they aren't satisfied with the vehicle.
    • Lease payments on a new Model S can be as much as 25% lower through the US Bank program, writes Elon Musk on Tesla's blog.
  • Oct. 24, 2014, 8:38 AM
  • Oct. 24, 2014, 1:52 AM
    • Toyota (NYSE:TM) is now the next automaker to sell a stake in Tesla (NASDAQ:TSLA), although it did not disclose the timing or amount of the sale.
    • Daimler unloaded its remaining 4% stake in the electric car earlier in the week for $780M.
    • Toyota invested $50M in Tesla in May 2010 (giving it a 2.5% stake at the time), ahead of the company's IPO in June that year.
  • Oct. 22, 2014, 8:07 AM
    • A new report from Advanced Automotive Batteries dissects Tesla Motors (NASDAQ:TSLA) and its gigafactory battery project.
    • It's quickly noted that most major automakers are designing EVs around government mandates instead of looking to be transformative.
    • The research firm forecasts Tesla and Panasonic (OTCPK:PCRFY) will strike a deal which will stage in Panasonic's investments through 5- to 10-GWh plant capacity additions at a time.
    • Cost reduction benefits from the gigafactory are expected to kick in after 2018.
    • Tesla's annual unit sales could eclipse the 200K level by 2020 if demand in China is strong.
    • Extracts from Tesla battery report (.pdf)
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.