Wall Street is happy over Tesla’s quarterly results and guidance, but Elon Musk’s apologies to multiple analysts may even be more important to the company’s shares and investor sentiment.
Author: CNBC Online news
Wall Street believes this could be the turning point for Tesla. Here are the highlights from every major analyst
Rashid Abbasi | Reuters Elon Musk, Chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit Tesla shares leaped higher after chief executive Elon Musk said the electric car maker beat Wall Street’s revenue expectations, apologized for prior bad manners toward analysts and reiterated a promise for future profitability.
Tesla soars after promises of a profitable second half
Joshua Lott | Getty Images Engineer and tech entrepreneur Elon Musk of The Boring Company talks about constructing a high speed transit tunnel at Block 37 during a news conference on June 14, 2018 in Chicago, Illinois. Shares of Tesla soared roughly 9 percent at the start of trading Thursday after CEO Elon Musk and… Continue reading Tesla soars after promises of a profitable second
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Trump administration rolls back plans to raise fuel economy standards for autos
The Trump administration on Thursday revealed its long-anticipated plan to roll back Obama-era standards meant to cut planet-warming emissions from tailpipes and boost fuel efficiency in cars and trucks sold in the United States in the coming years.
Tesla shares surge as upbeat Musk sees profitable second half
Tesla is now aiming for a 6,000 vehicle per week rate, which it hopes to achieve by the end of August. By year-end it hopes to ramp up to a rate of 10,000 per week. Musk said the company is still aiming to produce 1 million cars per year by 2020, but that a number… Continue reading Tesla shares surge as upbeat Musk sees profitable second
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Tesla CEO Elon Musk apologizes to analysts
On Wednesday, Musk said of his impoliteness towards analysts, “I violated my own rule in that regard…There’s no excuse.” The CEO’s contrite tone on Wednesday’s call may assuage the concerns of investors who worried about Musk’s leadership style under pressure. CFRA’s Efraim Levy wrote in a note to investors on Wednesday, even ahead of the… Continue reading Tesla CEO Elon Musk apologizes to analysts
Elon Musk says Tesla A.I. chip project is ‘finally coming to fruition’
Tesla CEO Elon Musk said Wednesday that the company’s custom-built chip for handling autonomous driving is nearly ready.
Tesla earnings watch is ‘all about profitability’
The key question on investors’ minds when Tesla reports second quarter earnings after the market closes Wednesday is when it will start to turn a profit.
Ferrari shares drop 10% after new CEO calls financial targets ‘aspirational’
Ferrari shares dropped about 10 percent on Wednesday after its new CEO said its financial targets to 2022 are “aspirational.”
Tesla misses on bottom line, but says it will be profitable in second half
Tesla‘s second-quarter loss was wider than analysts expected on Wednesday, but the company backed its prior forecast that calls for profitable third and fourth quarters.