Tesla Motors Inc (TSLA.O) Key Developments | Reuters.com
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Tesla Motors Inc (TSLA.O)

TSLA.O on Nasdaq

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Citron Research's Andrew Left on CNBC says he is short SolarCity
Wednesday, 22 Jun 2016 05:44pm EDT 

: Citron Research's Andrew Left on CNBC says he is short SolarCity . Citron Research's Andrew Left on CNBC says Tesla is a long term short (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Tesla's Musk says "expect Solarcity to be net cash generator, not a user of cash" - Conf call
Wednesday, 22 Jun 2016 09:15am EDT 

Tesla Motors Inc's Elon Musk On Solarcity- : "Solcarcity will be cash flow positive in next 3 to 6 months on the outside " - Conf call . "Expect solarcity to be net cash generator, not a user of cash" - Conf call . "Synergies from Solarcity deal are "common sense" " -Conf call . "Do not expect Solarcity to have material impact on future cash needs " - Conf call . "Final costs for both companies would go down significantly " - Conf call . "Potential for tesla to be trillion dollar market cap company " - Conf call . "I have zero doubt about the deal, should have done it sooner" - Conf call . "Hope for shareholder vote on both sides 'in next few months' " - Conf call . "Once the deal is done, the cash burn is likely to reduce " - Conf call Further company coverage: [TSLA.O] ((Bengaluru Newsroom) ((+1 646 223 8780;))).  Full Article

Solarcity says it intends to carefully evaluate Tesla offer
Tuesday, 21 Jun 2016 05:32pm EDT 

Solarcity Corp :Says "intends to carefully evaluate proposal" from Tesla to buy the company.  Full Article

Jinqiao Group signs non-binding MOU with Tesla - Bloomberg, citing sources
Monday, 20 Jun 2016 02:16pm EDT 

: Jinqiao Group has signed a non-binding memorandum of understanding with Tesla on building its production facilities in China- Bloomberg,citing sources .Jinqiao Group has signed a non-binding memorandum of understanding with Tesla on building its production facilities in China- Bloomberg,citing sources.  Full Article

Tesla says no safety defect with the suspensions in either the model S or model X- blog
Friday, 10 Jun 2016 03:27am EDT 

Tesla Motors : Says there is no safety defect with the suspensions in either the model S or model X- blog . Says provided all relevant information to NHTSA, NHTSA has told that tesla has cooperated fully and no further information is needed - blog . Says "has never and would never ask a customer to sign a document to prevent from talking to nhtsa or any other government agency" - Blog .Says after information was provided NHTSA has not dentified any safety issue with Tesla's suspensions- blog.  Full Article

Tesla introduces two new variants of Model S sedan
Thursday, 9 Jun 2016 08:51am EDT 

Tesla Motors Inc : Introducing two new variants of Model S, the Model S 60 And 60D . Model S 60 delivers more than 200 miles range, top speed 130 mph and zero-to-60 acceleration in 5.5 seconds; starting at price of $66,000 . Model S 60D with all-wheel drive option begins at $71,000 . Model S 60 and 60D owners may choose to upgrade to 75kwh battery with software update in future, if needed Further company coverage: [TSLA.O] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Tesla's Musk says "Tesla is working exclusively with Panasonic for Model 3 cells"- tweet
Tuesday, 7 Jun 2016 11:51pm EDT 

: Tesla's Musk says "Tesla is working exclusively with Panasonic for Model 3 cells"- tweet Further company coverage: [TSLA.O] (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Tesla says offering of 9.3 mln shares priced at $215/shr
Friday, 20 May 2016 06:07am EDT 

Tesla Motors Inc : Total common stock public offering size is for 9.3 million shares . Tesla Motors Inc says 6.5 million shares to be sold in secondary offering; offering priced at $215.00 .Says co offering 6.5 million shares, while selling stockholder is offering an additional 2.8 million shares.  Full Article

Tesla raising money to accelerate ramp of Model 3 via $2 bln offering
Wednesday, 18 May 2016 04:14pm EDT 

Tesla Motors Inc : Tesla raising money to accelerate ramp of model 3 . Announced an underwritten registered public offering of about $2 billion of common stock . Tesla is offering about $1.4 billion of shares . Elon musk will increase his overall tesla shareholdings through the transactions . Remaining shares to be sold by elon musk to cover tax obligations for his concurrent exercise of more than 5.5 million stock options . Intends to use net proceeds from the offering to accelerate ramp of model 3 . Intends accelerate its 500,000 unit build plan from 2020 to 2018 . Elon musk, tesla's ceo, will also be exercising stock options to acquire 5.5 million shares of tesla stock . Musk will be donating 1.2 million shares of his tesla stock to charity . Morgan stanley and goldman, sachs & co. Are acting as lead joint book-running managers for offering .Cash proceeds from sale of stock by musk will go to federal, state governments to satisfy 52% tax withholding on stock option exercise.  Full Article

Peter Hochholdinger joining Tesla as VP of vehicle production
Friday, 13 May 2016 08:43pm EDT 

: Tesla says Peter Hochholdinger is joining Tesla as VP of vehicle production . Tesla says Peter will be responsible for continuing to increase and improve Model S and Model X production . Tesla says Peter will help build a scalable, cost effective and quality manufacturing program specifically designed for Model 3 Further company coverage: [TSLA.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

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SolarCity recuses two more board members from voting on Tesla offer

Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal.