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Tesla Inc (TSLA.OQ)

TSLA.OQ on NASDAQ Stock Exchange Global Select Market

28 Apr 2017
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$5.44 (+1.76%)
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Latest Key Developments (Source: Significant Developments)

Musk converts SolarCity senior notes into shares of Tesla common stock at conversion price of $300/shr -SEC filing
Wednesday, 26 Apr 2017 02:30am EDT 

April 26 (Reuters) - :Tesla Inc CEO Musk converts SolarCity senior notes into shares of Tesla common stock at conversion price of $300 per share -SEC filing.  Full Article

Tesla says to double Tesla charging network in 2017
Monday, 24 Apr 2017 01:46pm EDT 

April 24 (Reuters) - Tesla Inc :In 2017, to double Tesla charging network, expanding existing sites so drivers never wait to charge, broadening our charging locations within city centers.Tesla will build larger sites along busiest travel routes that will accommodate several dozen Teslas supercharging simultaneously.By end of this year, company to double number of superchargers to total more than 10,000 and 15,000 destination charging connectors around the world.In North America, will increase number of superchargers by 150 percent, and in California will add more than 1,000 superchargers in 2017.  Full Article

Tesla recalls 53,000 Model S and Model X vehicles
Thursday, 20 Apr 2017 01:28pm EDT 

April 20 (Reuters) - Tesla Inc :says recently discovered potential manufacturing issue with electric parking brakes installed on certain Model S and Model X vehicles.while less than 5% of vehicles being recalled may be affected by the issue, recalling 53,000 vehicles total "out of an abundance of caution".says "able to begin replacing parts immediately and will have sufficient parts for all affected vehicles by october 2017".electric parking brakes installed on Model S, Model X vehicles built between Feb and Oct 2016 could have been manufactured improperly by third-party supplier.there have been no reports of parking brake system failing to hold parked vehicle or stop a vehicle in emergency as a result of this condition.  Full Article

Tesla voluntarily recalls around 53k 2016 model S and model X vehicles- TechCrunch
Thursday, 20 Apr 2017 01:20pm EDT 

April 20 (Reuters) - :Tesla voluntarily recalls around 53k 2016 model S and model X vehicles- TechCrunch.Tesla will be filing the recall with NHTSA, and expects to have all parts needed to make the swap by October of this year-TechCrunch.Tesla is recalling the vehicles for a potential manufacturing issue with the parking brake - TechCrunch.  Full Article

Tesla says while Model 3 will be its newest car, it isn’t 'version 3' - blog
Thursday, 6 Apr 2017 12:52pm EDT 

Tesla Inc : "While Model 3 will be our newest car, it isn’t 'version 3' or the next generation Tesla" - blog . "Model 3 is smaller, simpler, and will come with far fewer options than Model S" - blog ."Customers can expect an increasing number of updates to be rolled out to their cars this year".  Full Article

Tencent Holdings Ltd reports 5 pct passive stake in Tesla Inc
Tuesday, 28 Mar 2017 07:19am EDT 

Tencent Holdings Ltd <0700.HK>:Tencent Holdings Ltd reports 5 percent passive stake in Tesla Inc as on March 24, 2017.  Full Article

Tesla upsizes stock offering to 1.3 mln shares
Friday, 17 Mar 2017 07:49am EDT 

Tesla Inc : upsizes stock offering to 1.3 million shares . says stock offering priced at up to $262 per share .says offering $850 million convertible senior notes due 2022, up from $750 million announced earlier.  Full Article

Tesla announces offerings of common stock and convertible senior notes
Wednesday, 15 Mar 2017 04:30pm EDT 

Tesla Inc : Tesla announces offerings of common stock and convertible senior notes . Says elon musk, tesla's ceo, will participate by purchasing $25 million of common stock . Tesla inc - offerings of $250 million of common stock and $750 million aggregate principal amount of convertible senior notes due in 2022 . Says aggregate gross proceeds of offerings, including options granted to underwriters, is expected to be approximately $1.15 billion .Tesla-Intends to use net proceeds from offerings to reduce any risks associated with rapid scaling of its business due to launch of model 3 among others.  Full Article

Tesla Inc updates on Gigafactories, capital spend
Wednesday, 1 Mar 2017 05:35pm EST 

Tesla : Tesla-Have agreement to spend or incur about $5 billion in combined capital, other costs in New York state during 10-years after full production at Gigafactory 2 . Tesla - Gigafactory 1 is currently expected to attain full production capacity by 2020 . Tesla - Determined that it was reasonably possible that adverse changes in exchange rates of 10% for all currencies could be experienced in near term . Tesla - Gigafactory 1 full production capacity anticipated to be sufficient for production of about 500,000 vehicles annually as well as for co's energy storage products . Tesla - Gigafactory 1 will allow co to achieve significant reduction in cost of battery packs once co is in volume production with Model 3 . Tesla - As of December 31, 2016, co had 17,782 full-time employees .Tesla - Co had earlier reported 13,058 full-time employees as of December 31, 2015 - SEC filing.  Full Article

SolarCity reports FY 2016 net loss of $820.4 million
Wednesday, 1 Mar 2017 05:19pm EST 

SolarCity Corp: Says FY revenue was $730.3 million versus $399.6 million last year . Says FY net loss was $820.4 million . SolarCity, owned by Tesla Inc, says its total consolidated indebtedness was $3,580.4 million as of December 31, 2016 - SEC filing . Says anticipate significantly reduced expenditures related to manufacturing operations at Riverbend manufacturing facility in Buffalo, New York . Says agreed to spend or incur about $5 billion in combined capital, costs in state of New York during 10-year period following full production of Riverbend manufacturing facility . Says expect significantly reduced expenditures at Riverbend facility as a result of manufacturing relationship with Panasonic . Says as of December 31, 2016, company had approximately 12,243 total employees compared with 15,273 total employees as of December 31, 2015 . Says anticipate commencing solar module and solar roof manufacturing in the second half of 2017 with photovoltaic cells sourced from Panasonic . Says "working towards ramping production to 1 gigawatt of solar cell production by 2019" . Says identified potential modifications to manufacturing equipment, factory layout related to solar cell manufacturing line at Buffalo Plant.  Full Article

More From Around the Web


Apple, Tesla ask California to change proposed self-driving car test policy

Apple Inc urged California to toughen up its proposed policy on testing self-driving cars, a move that would result in more public data that could help Apple catch up to rivals in the self-driving space by giving it a better window into their strengths and weaknesses.