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Tesla Inc (TSLA.O)

TSLA.O on Nasdaq

277.39USD
21 Feb 2017
Change (% chg)

$5.16 (+1.90%)
Prev Close
$272.23
Open
$275.45
Day's High
$281.40
Day's Low
$274.01
Volume
5,676,747
Avg. Vol
4,680,526
52-wk High
$287.39
52-wk Low
$167.84

Latest Key Developments (Source: Significant Developments)

Tesla posts 4th-qtr adjusted loss of 69 cents per share
Wednesday, 22 Feb 2017 04:15pm EST 

Tesla Inc : Model 3 on track for initial production in July, volume production by September . Expect to deliver 47,000 to 50,000 Model S and Model X vehicles combined in the first half of 2017 . Quarterly GAAP loss per share of $0.78 . Quarterly non-GAAP loss per share $0.69 . Q4 total revenue $2.28 billion versus $1.21 billion a year ago . Q4 earnings per share view $-0.43, revenue view $2.18 billion -- Thomson Reuters I/B/E/S . Quarterly vehicle deliveries 22,252 versus 17,478 . Model 3 and solar roof launches are on track for the second half of the year . Q4 total gross margin 19.1 percent versus 18 percent . Quarterly vehicle production 24,882 versus 14,037 . Says GAAP and non-GAAP automotive gross margin should recover in Q1 to Q3 2016 levels and then continue to expand in Q2 2017 . In Q1 2017, began pushing over-the-air software updates to all Autopilot-equipped cars to further increase performance and safety . Tesla says it will prioritize profitability, cash preservation over total MW deployed ahead of solar roof launch in energy generation and storage unit . Starting in Q4, co reclassified revenue, cost of revenue of energy storage products from 'services and other' into 'energy generation and storage' . Later this year, expect to finalize locations for Gigafactories 3, 4 and possibly 5 . All Tesla vehicles in production have the hardware necessary for "full self-driving" . Q3 to Q4 cash increased by over $300 million to $3.4 billion.  Full Article

Morgan Stanley upgrades Tesla Motors to overweight
Thursday, 19 Jan 2017 12:38am EST 

Tesla Motors Inc : Morgan Stanley raises to overweight from equal weight . Morgan Stanley raises price target to $305 from $242 . Morgan Stanley upgrades on less cautious Model 3 volume estimate, acceleration in ev market assumptions . Morgan Stanley says now assume a 'soft' model 3 launch in q4'17; raises FY18 volume forecast to 183,000 from 114,000 units Further company coverage: [TSLA.O] (Bangalore.newsroom@thomsonreuters.com).  Full Article

Tesla's 2016 production up 64 pct from 2015
Tuesday, 3 Jan 2017 04:36pm EST 

Tesla Motors Inc : Tesla Motors Inc - Tesla produced 24,882 vehicles in Q4, resulting in total 2016 production of 83,922 vehicles, an increase of 64 percent from 2015 . Tesla delivered about 22,200 vehicles in Q4, of which 12,700 were model s and 9,500 were model X . Total 2016 Tesla deliveries were approximately 76,230 . Tesla - Due to short-term production challenges from end Oct. to early Dec. From transition to new autopilot hardware, Q4 vehicle production weighted more heavily to Q4 end . Tesla - Delay in production resulted in challenges impacting Q4 deliveries, including cars missing shipping cutoffs for Europe and Asia . Tesla Motors says Q4 net orders for model S and X were 52 percent higher than Q4 2015 and 24 percent higher than Q3 2016 Further company coverage: [TSLA.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tesla Motors enters into fifth amendment to ABL credit agreement, dated as of June 10, 2015
Tuesday, 20 Dec 2016 05:18pm EST 

Tesla Motors Inc : Amended credit agreement to permit borrowers to obtain up to $50 million of additional commitments pursuant to terms of credit agreement . Warehouse agreement amendment increased maximum facility limit under warehouse agreement from $300 million to $600 million . On December 15, entered into fifth amendment to ABL credit agreement, dated as of June 10, 2015 . Credit agreement amendment increased revolving commitments under credit agreement by $200.0 million, increasing it to $1.2 billion .On Dec 15, 2016, Tesla Finance LLC (TFL) and Tesla 2014 Warehouse SPV LLC entered amendment no. 2 to loan and security agreement, dated Aug 31, 2016.  Full Article

Tesla Motors to buy Grohmann Engineering
Tuesday, 8 Nov 2016 06:30am EST 

Tesla Motors Inc : Says has entered into an agreement to acquire Grohmann Engineering . Says Grohmann Engineering will become Tesla Grohmann Automation . Says expect to add over 1,000 advanced engineering and skilled technician jobs in Germany over the next two years- blog Source http://bit.ly/2fz3dUW ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tesla,Solarcity to hold Q&A webcast to discuss pending acquisition
Monday, 31 Oct 2016 10:13pm EDT 

Tesla Motors Inc : Question & answer webcast to discuss Tesla's pending acquisition of Solarcity .Tesla - Co, Solarcity will hold 30-minute live question & answer webcast on November 1 at 2:00pm Pacific Time to discuss additional information..  Full Article

Tesla's Musk says expects to start installing solar roofs next summer
Friday, 28 Oct 2016 09:38pm EDT 

Tesla Motors Inc Solarcity Corp : Tesla's Musk says solar roof tiles will be about 98 percent as efficient as traditional panels . Solarcity CTO Peter Rive says solar roof product could have 5 percent market share for roofs within a year or two . Tesla's Musk says rollout of solar roofs would be "unwieldy" if Tesla and SolarCity are not a combined company . Tesla's Musk says expects to start installing solar roofs next summer Further company coverage: [SCTY.O] (Reporting by Deena Beasley; Editing by Sandra Maler) ((deena.beasley@thomsonreuters.com;)).  Full Article

Tesla Motors Inc Q3 results press release
Wednesday, 26 Oct 2016 04:07pm EDT 

Please click on the link below for Tesla's Q3 earnings press release.:.  Full Article

Tesla and Panasonic to collaborate on photovoltaic cell and module production in Buffalo, New York
Sunday, 16 Oct 2016 11:01pm EDT 

Tesla : Tesla and Panasonic to collaborate on photovoltaic cell and module production in Buffalo, New York . The parties intend for Panasonic to begin PV cell and module production at the Buffalo facility in 2017 . Tesla - collaboration includes the production of electric vehicle and grid storage battery cells at Tesla's gigafactory .Tesla intends to provide a long-term purchase commitment for those cells from Panasonic..  Full Article

Tesla's Elon Musk says in tweet "moving the Tesla announcement to Wednesday, need a few more days of refinement"
Sunday, 16 Oct 2016 09:51pm EDT 

Tesla Motors Inc :Tesla's Elon Musk says in tweet "moving the Tesla announcement to Wednesday, need a few more days of refinement".  Full Article

More From Around the Web

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Tesla's 'close to the edge' cash foretells capital raise

SAN FRANCISCO Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch.