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Tesla Inc (TSLA.OQ)

TSLA.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Connecticut Retirement Plans & Trust Funds seek shareholders' nod for declassification of Tesla board
Thursday, 25 May 2017 10:48am EDT 

May 25 (Reuters) - Tesla Inc :Connecticut Retirement Plans and Trust Funds urges Tesla Inc shareholders to vote for proposal related to board declassification at Tesla - SEC filing.Connecticut Retirement Plans and Trust Funds on Tesla board - believe board independence and director succession planning not given priority they deserve.Connecticut Retirement Plans and Trust Funds owned 45,567 shares of Tesla inc's stock, according to Tesla's proxy statement dated April 20, 2017.  Full Article

Limoneira and Tesla power up to save energy costs
Monday, 22 May 2017 08:30am EDT 

May 22 (Reuters) - Limoneira Co :Limoneira and Tesla power up to save energy costs.Announced commissioning of a new joint project with Tesla to reduce energy costs.  Full Article

Jana Partners takes sole share stake in Snap, dissolves sole share stake in Time
Monday, 15 May 2017 05:41pm EDT 

May 15 (Reuters) - Jana Partners LLC::Takes sole share stake of 550,000 class A shares of Snap Inc - SEC filing.Dissolves sole share stake in Time Inc.Jana Partners no longer holds a put option in Tesla Inc's shares that it held as of Dec. 31, 2016.Jana Partners does not own any shares of Tesla Inc - SEC filing.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

Tesla, Green Mountain Power working together to bundle Powerwall and Powerpack batteries
Friday, 12 May 2017 11:17am EDT 

May 12 (Reuters) - Tesla Inc :Tesla - co, green mountain power, a utility in vermont, working together to bundle powerwall and powerpack batteries into single resource of shared energy.Tesla inc - for $15 a month or a $1,500 one-time fee, customers will receive backup power to their home for next 10 years - blog.Tesla inc - green mountain power to install powerpacks on utility land,deploy up to 2,000 powerwall batteries to homeowners within its service territory.Tesla inc - tesla will also work with green mountain power to dispatch the aggregated resource into new england’s wholesale electricity markets.  Full Article

Tesla experienced cost increases from certain suppliers in order to meet quality targets
Wednesday, 10 May 2017 06:44am EDT 

May 10 (Reuters) - Tesla Inc : :Tesla - experienced cost increases from certain suppliers in order to meet quality targets, development timelines and due to design changes .Tesla - certain suppliers, including for model X, have sought to renegotiate the terms of the supply arrangements.Tesla - co is negotiating with existing suppliers for cost reductions, seeking new and less expensive suppliers for certain parts.Tesla - co is attempting to redesign certain parts to make them less expensive to produce.  Full Article

Tesla Inc reports Q1 non-GAAP loss per share of $1.33
Wednesday, 3 May 2017 04:38pm EDT 

May 3 (Reuters) - Tesla Inc ::Quarterly loss per share $2.04.Quarterly non-GAAP loss per share $1.33.Q1 revenue $2.70 billion versus $1.15 billion.Q1 earnings per share view $-0.81, revenue view $2.62 billion -- Thomson Reuters I/B/E/S.Q1 automotive revenue $2.29 billion versus $1.03 billion last year.Tesla says Model 3 on track for initial production in July.Tesla says first half outlook remains unchanged at 47,000 to 50,000 deliveries.Says $4.0 billion of cash on hand heading into Q2.Says Model 3 vehicle development is nearly complete as co approaches the start of production.Says expect Q2 GAAP and non-GAAP operating expenses to be flat to slightly up from Q1.Says this year, plan to add nearly 100 retail, delivery and service locations globally, representing an approximately 30% increase in facilities.Says expect that year-to-date capital expenditures will be slightly over $2 billion by the time co starts Model 3 production.Says preparations at production facilities on track to support the ramp of Model 3 production to 5,000 vehicles per week at some point in 2017.Says expect additional investments through the remainder of the year as co increases automation and add production capacity.Says preparations at production facilities on track to support the ramp of Model 3 production to 10,000 vehicles per week at some point in 2018.Says plan to start pilot manufacturing of solar roof tiles in Q2 at its Fremont facility.  Full Article

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

More From Around the Web

BRIEF-Connecticut Retirement Plans & Trust Funds seek shareholders' nod for declassification of Tesla board

* Connecticut Retirement Plans and Trust Funds urges Tesla Inc shareholders to vote for proposal related to board declassification at Tesla - SEC filing