Tesla cuts number of stock colors to streamline production

Tesla cuts number of stock colors to streamline production

Tesla stock closed on Monday almost 8.5% higher at US$285.50, just off the session peak at US$286.03.

"Elon Musk's email to employees indicated Q3 would be 'the most fantastic quarter in our history, ' VIN registrations and the Bloomberg Model 3 tracker seem to imply production is on track, and insideEVs reported the company sold approximately 23k vehicles in August".

"The issue though is the erratic behavior of CEO Elon Musk".

"We are anxious that this behavior is tainting the Tesla brand, which in terms of value is most important", wrote Romit Shah in a Tuesday research note.

Tesla is adopting a tried-and-true approach to speeding up production: fewer colors.

The Model 3 was presented as Tesla's first mass-market vehicle, but so far, Tesla has only made premium versions of the Model 3 with long-range batteries. On Monday it rose 8.5 percent on positive analyst commentary. The bonds traded for just 84 cents on the dollar, down from 98 cents a year ago.

Security breach at Lyon Airport, a vehicle chase on runway, flights grounded
A man rammed a auto through a terminal building then sped through a field onto the runway at Lyon's Saint-Exupéry global airport. Local government press officer Christelle Monteagudo said the man's motives were unknown and that nothing was being ruled out.

Elon Musk continues to focus on how he can get Tesla to have more new cars rolling off the production lines every day. Tesla stock is up 5.4% in Monday morning trading following Musk's latest comments and after a Baird analyst reiterated his bullish stance.

Shares came under renewed pressure last week amid senior personnel changes, and after CEO Elon Musk was filmed smoking marijuana during a live interview. "We present that over the closing 18 months, retreats in the stock below $300 per fraction get hold of assuredly offered enticing shut to-time interval entry points, and we suspect the the same might perchance perchance be the case following closing week's turmoil".

"We see relatively little downside risk from fundamentals in the near-term, especially given somber expectations", the note said. "The company appears to remain on track to meet its Model 3 production guidance", Sacconaghi wrote. Musk pushed back that timeline in June, saying Tesla would start making $35,000 Model 3s near the end of 2018 and aim for mass production in 2019.

The decision may have something to do with the email Musk sent Tesla employees on Friday. In the letter, Musk noted that Tesla is poised to have the "most incredible quarter" in its history, and it is about to build and deliver "more than twice as many cars" as it did in Q2 2018.

Daniel Sparks owns shares of Tesla.

Related News:

  • Dez Bryant explains why he wants to play for the Patriots

    Dez Bryant explains why he wants to play for the Patriots

    On Sunday, someone tweeted at Bryant to consider returning to the Dallas Cowboys , the only team he's played for in his career. Dez Bryant spent Week 1 of the National Football League season as a spectator for the first time in his career.
    ‘Just stand’: Army vet launches t-shirts with ‘patriotic’ message for Kaepernick & Nike

    ‘Just stand’: Army vet launches t-shirts with ‘patriotic’ message for Kaepernick & Nike

    Customers also posted video footage showing them burn Nike gear in protest of the choice. Tiger Woods on Friday called the ad a "beautiful spot". " Believe in something.
    Green Bay Packers vs. Chicago Bears

    Green Bay Packers vs. Chicago Bears

    Green Bay's offensive line adjusted in the second half and did a better job shutting Mack down. Thank you for joining us. "We've got to put more pressure on the quarterback".
  • Trump intensifies trade war, threatens duties on nearly  all imports from China

    Trump intensifies trade war, threatens duties on nearly all imports from China

    Trade Representative's office received almost 6,000 comments and held seven days of public hearings on the proposed levies. He pointed out that 23 per cent of the impending tariffs on US$200 billion of Chinese imports targeted consumer products.
    Myanmar rejects worldwide  court's right to Rohingya probe

    Myanmar rejects worldwide court's right to Rohingya probe

    The numbers are staggering with Bangladesh hosting almost one million refugees from Rakhine state in Myanmar, ' he said. An estimated 700,000 have fled the violence to neighboring Bangladesh.
    Swedish centre-left in slim lead, Sweden Dems gain

    Swedish centre-left in slim lead, Sweden Dems gain

    Stefan Lofven, leader of the Social Democratic Party and Ulf Kristersson, leader of the Moderate Party during a televised debate. The center-right Moderates have become especially tough on immigration, echoing numerous positions of the Sweden Democrats.
  • Rose waits through day of rain

    Rose waits through day of rain

    If more than half the field completes the final round on Monday, only then the tournament would finish on Tuesday. The plan is for groups of three to begin play at 7:30 am EST off two tees at a time.
    Tesla stock plunges after Musk 'smokes marijuana' during web interview

    Tesla stock plunges after Musk 'smokes marijuana' during web interview

    Morton had taken over for the company's previous account head, Eric Branderiz, who resigned on March 7 citing "personal reasons". Recreational marijuana is legal in California , but Musk had previously dismissed questions about whether he used the drug.
    WTA back Serena Williams' sexism claims following US Open final drama

    WTA back Serena Williams' sexism claims following US Open final drama

    Williams kept demanding an apology from Ramos before accusing him of stealing points from her. The second one came after the frustrated American superstar smashed her racket on the court.
  • Apple to Kick Off Product Blitz With iPhone Xs Line

    Accordingly, the 6.1-inch version among the new Apple smartphones will not be called iPhone XS Light, but iPhone XC . Another leak had mentioned that the cheaper iPhone model, with the 6.1-inch LCD display, could be called iPhone Xc .
    Olivia Newton-John Confirms Tragic Secret Cancer Diagnosis

    Olivia Newton-John Confirms Tragic Secret Cancer Diagnosis

    Olivia first noticed a lump in her shoulder back in 2013, following her involvement in a minor vehicle crash. ET exclusively spoke with Newton-John in February, where she opened up about battling cancer a second time .

    Cantona: Guardiola should be Manchester United manager

    He is the spiritual child of Johan Cruyff - he played under Cruyff at Barcelona and learned everything from him. Oh, and its United legend Eric Cantona that's come out to speak his mind on United.


Most liked

Begum Kulsoom, wife of former Pakistan PM Nawaz Sharif, dies in London
Due to her illness, Kulsoom was unable to return and formally take oath as a member of the National Assembly. They paid rich tribute to Kalsoom Nawaz's social and political services, she rendered during his life.

Matt Patricia Makes Lions Debut Monday Night Against Jets
Darnold and Jets look great: Sam Darnold's impressive debut was made possibly by the Jets' vastly improved defense . Quincy Enunwa led the way with 6 receptions for 63 yards and Robby Anderson hauled in a 41-yard touchdown pass.

Chicago Bears: The good, bad and ugly from Packers game
They spent the week determining his conditioning level and formulating a plan from there. He was welcomed to Chicago with great fanfare and billed as the star this team needed.

Leader comment: Brexit is no more than a game to Boris
We look like a seven-stone (44kg) weakling being comically bent out of shape by a 500lb (226kg) gorilla", he added. We ought to be able to do that giant and generous free trade deal the Prime Minister originally spoke of.

Novak Djokovic after winning US Open 2018
Sloane Stephens, who won last year's US Open and lost in the quarterfinals last week, dropped from No. 3 to No. 9. Federer holds the record of 20, followed by Nadal with 17, and Djokovic, who equaled Pete Sampras at 14.

Bharat Bandh: Petrol, diesel prices continue to breach record levels on Monday
On Tuesday, former Finance Minister P Chidambaram had tweeted: "Relentless rise in prices of petrol and diesel is not inevitable. While petrol costs ₹88.12 a litre, diesel is priced at ₹77.32 a litre, according to the daily price notification issued by OMCs.

Titans' Mariota (elbow) questionable to return in Miami
Kenny Stills capped off the 5:21 drive with a 10-yard touchdown grab from Tannehill in the front right corner of the end zone. Walker sustained the injury during the fourth quarter of the Miami game while he was looking to extend a play after a catch.

Miss America contestant says Trump is 'the biggest issue our country faces'
Miss Arkansas speaks during the Miss America 2019 show at Boardwalk Hall in Atlantic City, N.J., September 9, 2018. The judges were so impressed with her answer, she was awarded the $1,000 prelim onstage question scholarship.

Trump spooked Pentagon with draft tweet on North Korea: Woodward
But one thing we can always rely on with this White House is a steady stream of the insane . This means that all the information could be used but I would not say who provided it".

Packers' Aaron Rodgers leaves games on cart, returns in the second half
While it wasn't a win, the Cleveland faithful can be proud that their team didn't lose for the first time in nearly two years. "We played well, got off the field, got penalties to get back on the field and got off the field to win the game".

Swedish election deadlock as far-right party makes gains
Lengthy negotiations will be needed to build a majority, or at least a minority that won't be toppled by the opposite side. Final results are due before midnight (2200 GMT), but the composition of the next government may not be known for weeks.

Read Alibaba chairman Jack Ma's letter to employees and customers
The company's operations span ecommerce, artificial intelligence, electronic payment services, search engines and cloud computing. Alibaba, which reported almost $40 billion in revenue a year ago , says it has an annual active customer base of 524 million.

Paris Knife Attack : 7 British tourists injured, Afghan national taken into custody
The victims were all rushed to local hospitals, where their conditions were described as "serious but not life threatening". A French police source said: "At this stage there is nothing to indicate that it could be a terrorist attack".

Colin Kaepernick Lauds Kenny Stills, Albert Wilson For Continuing Anthem Protests
On Sunday morning, Trump tweeted a reference to USA television ratings for Thursday's game, which started late due to bad weather. That included Malcolm Jenkins , who raised his fist during the anthem last season but did not for the opener.

Russia Warns US That Syria Offensives Are Planned Near US Positions
Al-Tanf is a military base located 24km to the west from the al-Tanf border crossing between Syria and Iraq in Homs Governorate. His response came after suspected Russian planes on Tuesday carried out airstrikes in the rebel-held targets in Idlib province.