Brussels, 5 February 2019 – Ahead of next week’s final EU negotiations on CO2 standards for trucks, the European Automobile Manufacturers’ Association (ACEA) reiterates its support for a timely agreement on this regulation. At the same time, ACEA cautions policy makers that these first-ever CO2 targets will only be achievable if they are accompanied by… Continue reading Press Releases – New CO2 targets for trucks must be ‘achievable in practice’ cautions industry
Tag: Financial Results
Electrify America to use Tesla Powerpacks at some charging stations
Charging network operator Electrify America has announced plans to install battery storage units made by Tesla at over 100 of its charging stations. EA will deploy Tesla Powerpack systems consisting of “a 210 kW battery system with roughly 350 kWh of capacity” at over 100 charging stations. A modular system will allow EA to increase… Continue reading Electrify America to use Tesla Powerpacks at some charging stations
US judge lets most emissions claims against Daimler proceed
By David Shepardson WASHINGTON – A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker’s Mercedes diesel vehicles used illegal software to emit excess emissions. In a ruling late on Friday, Judge Jose Linares of U.S. District Court in New Jersey… Continue reading US judge lets most emissions claims against Daimler proceed
Saudi Arabia — which Elon Musk claimed would back a buyout — cut its Tesla exposure: FT
Bobby Yip | Reuters
Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China.
Saudi Arabia has reportedly taken out an insurance policy on its investment in Tesla, which dramatically cuts its net exposure to the stock, just months after CEO Elon Musk claimed the kingdom was prepared to back a deal to take the electric car maker private.
Musk settled fraud charges with the Securities and Exchange Commission in September over the claim, agreeing to step down as Tesla's chairman, pay a $20 million fine and appoint new board members.
In recent weeks, Saudi Arabia's Public Investment Fund has hedged nearly its entire 4.9 percent stake in Tesla, the Financial Times reports. That means the PIF still holds the shares, but it has taken out other positions that protect it from a drop in Tesla's stock price.
Tesla tanks after Elon Musk lays out a 'difficult' road ahead
5:37 PM ET Fri, 18 Jan 2019 | 05:31
The Financial Times first revealed the PIF's stake in August. Almost immediately after that, Musk tweeted that he had secured funding to take Tesla private at $420 per share, later explaining that the Saudis would back the buyout. The SEC later charged the remarks were “false and misleading.”
According to the FT, the PIF put the hedges in place after the market closed Jan. 17 with the help of J.P. Morgan bankers. The following day, Tesla announced layoffs and warned of “very difficult” times ahead. Tesla's stock price has fallen about 15 percent since then.
Musk told the FT that there hasn't been communication with the PIF in months and Tesla is not aware whether the kingdom still holds the shares. The PIF and J.P. Morgan declined the FT's offer to comment.
Tesla's stock initially dipped by more than 2 percent on the FT report, but the shares ended the day down modestly.
While Saudi Arabia is the world's largest oil exporter, its investment in electric car pioneer Tesla is part of Crown Prince Mohammed bin Salman's drive to diversify the nation's economy. The PIF has become a major investor in tech companies under Crown Prince Mohammed.
Read the full story here.
Tenneco Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Notice
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco Inc. (NYSE: TEN) plans to issue its fourth quarter and full year 2018 earnings release before the market opens on Monday, February 25, 2019 and hold a conference call the same day at 8:00 a.m. ET. The purpose of the call is to discuss the company’s results of operations, as well… Continue reading Tenneco Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Notice
Mercedes-Benz Could Partner With Tesla Again, Says Daimler CEO In Wake Of Failed Electric Strategy – Forbes
Nine years ago, in May 2009, Daimler, the parent company of Mercedes-Benz, and Tesla signed a partnership and began working closely together on electric vehicles.Mercedes-Benz On Monday, Polish newspaper Rzeczpospolita published an interview of Dieter Zetsche in which the Daimler CEO didn’t rule out a future partnership with Tesla, weeks only after the American automaker outsold Mercedes-Benz… Continue reading Mercedes-Benz Could Partner With Tesla Again, Says Daimler CEO In Wake Of Failed Electric Strategy – Forbes
Electrify America To Add Tesla Powerpacks To 100 New Charging Stations
Electrify America & Tesla reach a deal for energy storage systems Electrify America today announced its plan to install Tesla Powerpack battery systems at more than 100 of their electric vehicle charging stations nationwide over the course of 2019. Electrify America News Some may ask why onsite energy storage is necessary for EV charging, and… Continue reading Electrify America To Add Tesla Powerpacks To 100 New Charging Stations
Tesla Buying Maxwell, Could Signal Move To Solid State Battery
The energy tech company makes ultracapacitors (and other interesting things). Tesla is buying up Maxwell Technologies. In a deal expected to be finalized in the second quarter of 2019, the California automaker has offered $4.75 per share for the company. That’s a healthy 55-percent increase above the energy storage technology company’s share price of $3.07 at Friday’s… Continue reading Tesla Buying Maxwell, Could Signal Move To Solid State Battery
Allison Transmission Schedules Fourth Quarter 2018 Earnings Conference Call
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today announced that it will hold its fourth quarter 2018 financial results conference call at 8:00 a.m. ET on Tuesday, February 26. President and Chief Executive Officer David S. Graziosi and Vice President, Chief Financial Officer and Treasurer Frederick… Continue reading Allison Transmission Schedules Fourth Quarter 2018 Earnings Conference Call
Tesla Releases Fourth Quarter and Full Year 2018 Financial Results
Skip to main navigation
Tesla Releases Fourth Quarter and Full Year 2018 Financial Results
Jan 30,2019
PDF Version
Tesla Releases Fourth Quarter and Full Year 2018 Financial Results
PALO ALTO, Calif., Jan. 30, 2019 (GLOBE NEWSWIRE) — Tesla has released its financial results for the fourth quarter and full year ended December 31, 2018, by posting the current Update Letter on its Investor Relations website. Please visit http://ir.tesla.com to view the letter.
As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the results and outlook.
The webcast will be archived on the company’s website following the call.
Source: Tesla, Inc.