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Tesla Inc (TSLA.O)

TSLA.O on Nasdaq

312.60USD
22 Nov 2017
Change (% chg)

$-5.21 (-1.64%)
Prev Close
$317.81
Open
$316.77
Day's High
$317.42
Day's Low
$311.84
Volume
4,917,636
Avg. Vol
6,147,385
52-wk High
$389.61
52-wk Low
$180.00

Latest Key Developments (Source: Significant Developments)

Wal-Mart says has preordered 5 of Tesla's new electric trucks for U.S.‍​‍​
Friday, 17 Nov 2017 11:41am EST 

Nov 17 (Reuters) - :Wal-Mart says has pre-ordered 5 units of Tesla's new heavy-duty electric vehicle for the U.S. - Statement ‍​.Wal-Mart says has pre-ordered 10 units of Tesla's new heavy-duty electric vehicle for Wal-Mart Canada - Statement ‍.  Full Article

Wal-Mart says it's planning to test Tesla's new electric trucks- CNBC‍​
Friday, 17 Nov 2017 11:05am EST 

Nov 17 (Reuters) - :Wal-Mart says it's planning to test Tesla's new electric trucks- CNBC‍​.  Full Article

J B Hunt Transport Services Inc reserves Tesla trucks
Friday, 17 Nov 2017 07:00am EST 

Nov 17 (Reuters) - J B Hunt Transport Services Inc :J B Hunt Transport Services Inc reserves Tesla trucks.J B Hunt Transport Services Inc - ‍placed a reservation to purchase multiple Tesla semi tractors to be manufactured by Tesla​.  Full Article

Goldman Sachs cuts Tesla Inc PT to $205 from $210
Thursday, 2 Nov 2017 06:29am EDT 

Nov 2 (Reuters) - Tesla Inc :Goldman Sachs cuts target price to $205 from $210; rating sell.Goldman Sachs says stock should continue to de-rate following Q3 results.Goldman Sachs says co will need to raise capital sooner (Q2 2018 versus Q3 2018).Goldman Sachs says co's comments on potential China production (3 years out) will be disappointing to investors.  Full Article

Tesla posts qtrly net loss per share attributable to stockholders $3.70
Wednesday, 1 Nov 2017 04:44pm EDT 

Nov 1 (Reuters) - Tesla Inc ::Cash balance of $3.5 billion entering Q4 2017.Tesla says about 100,000 Model S and X deliveries projected for 2017."Model 3 production steadily increasing".Qtrly GAAP net loss per share attributable to common stockholders $3.70.Qtrly total revenue $2.98 billion versus $2.30 billion.Capital expenditures are expected to be approximately $1 billion in Q4‍​.Currently expect to achieve a production rate of 5,000 Model 3 vehicles per week by late Q1 2018.Says plans to produce about 10 percent fewer Model S and Model X in Q4 compared to Q3.Expect Model 3 non-GAAP gross margin to reach breakeven by end of Q4, because of increased capacity utilization.Qtrly non-GAAP net loss per share attributable to common stockholders $2.92.Tesla says demand for Model 3 is not going to be a constraint for "quite a long time".Model 3 non-GAAP gross margin should improve rapidly in 2018 to co's target of 25 percent.In Q3, co delivered 25,915 Model S and Model X vehicles and 222 Model 3 vehicles, for a total of 26,137 deliveries.Q3 earnings per share view $-2.29, revenue view $2.95 billion -- Thomson Reuters I/B/E/S."Believe that we are well capitalized to accommodate the revised ramp of Model 3 production to 5,000 per week".Recent production challenges may affect short-term costs, but have no impact on Model 3 non-GAAP gross margin target of 25 percent.  Full Article

UAW files charges against Tesla on behalf of terminated workers‍​
Thursday, 26 Oct 2017 11:42am EDT 

Oct 26 (Reuters) - United Auto Workers ::UAW files charges against Tesla on behalf of terminated workers‍​.United Auto Workers International Union filed unfair labor practice (ulp) charges against Tesla Inc on wednesday.Says filing by UAW lays out six charges against Tesla​.  Full Article

Panasonic will simultaneously increase production in Japan, China, U.S. - Nikkei
Wednesday, 25 Oct 2017 02:26pm EDT 

Oct 25 (Reuters) - Nikkei::Panasonic will simultaneously increase production in Japan, China, U.S. - Nikkei.Panasonic's investments in additional capacity at production bases in Japan, China, U.S. Could reach 100 billion Yen - Nikkei.  Full Article

Tesla Inc says certain units of co enters into amendment to warehouse agreements
Friday, 20 Oct 2017 04:49pm EDT 

Oct 20 (Reuters) - Tesla Inc ::Tesla Inc - on October 18, certain units of co entered into amendment to warehouse agreements.Tesla says ‍amendments increased shared aggregate lender commitments across warehouse agreements from $600 million to $1.1 billion​.Tesla - ‍as a result, commitments under A&R 2016 warehouse agreement, 2017 warehouse agreement were $511.1 million & $588.9 million respectively, as of Oct 18​.  Full Article

Shanghai Kelai Mechatronics Engineering starts seating production line for Tesla's Model3
Friday, 13 Oct 2017 05:23am EDT 

Oct 13 (Reuters) - Shanghai Kelai Mechatronics Engineering <603960.SS>:Says it has started seating production line for Tesla's Model3 in May.Says the order amount remains small currently, has no significant impact on company's operation and earnings.  Full Article

Tesla says to conduct voluntary recall of some 2016, 2017 Model X vehicles
Thursday, 12 Oct 2017 04:01pm EDT 

Oct 12 (Reuters) - Tesla Inc :Tesla - during internal testing, determined that some cables in second row fold-flat seats in some 2016, 2017 Model X vehicles may need to be adjusted.Tesla-Not got reports of issues/accidents relating to Model X vehicles; will be conducting voluntary recall to inspect affected vehicles.  Full Article

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Tesla cranks up big battery in Australia

MELBOURNE Tesla Inc has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday.