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Tuesday, July 5, 2022

Elon Musk Explores Tender Offer for Twitter

Tesla and SpaceX CEO Elon Musk is reportedly exploring a tender offer for Twitter, and has secured financing for the deal including $25.5 billion in loans from major banks. However, analysts warn that the Twitter board’s “poison pill” defense may still prevent a takeover. A tender offer is an open offer to the shareholders of…

Tesla Thanks China for Letting Shanghai Factory Reopen with Live-In Workers

Tesla, the electric car company owned by billionaire Elon Musk, on Monday announced its “Shanghai Gigafactory” would reopen after three weeks of Shanghai’s harsh coronavirus lockdown. An aerial view of Tesla Shanghai Gigafactory on March 29, 2021, in Shanghai, China. (Xiaolu Chu/Getty Images) Tesla thanked the Chinese Communist government for allowing its factory to reopen…

Tesla Soars On Blowout Q1 Results, Warns Supply Chain Challenges Will Persist For Rest...

As previewed earlier, analysts are expecting a revenue increase of 142% from a year ago and, with consensus calling for earnings per share of $2.27 from $17.92 billion in sales. That compares with earnings of $2.54 a share and sales of $17.7 billion in the fourth quarter of 2021. Automotive gross profit margin is expected…

Tesla Earnings Preview: Autopilot Scrutiny, Raw Material Shortages, Shanghai Will All Be In Focus

As regulatory scrutiny grows around Autopilot, as Elon Musk continues to figure out a plan to try and buy Twitter, and as Wall Street watches Shanghai closely, Tesla is set to report earnings after the bell today. Analysts are expecting a revenue increase of 142% from a year ago and, as Barron's noted, "the company compiled…

Tesla Halts Gigafactory Shanghai For Two Days Amid COVID Surge 

Tesla, Inc. shuttered its massive Gigafactory Shanghai for two days as Chinese officials scrambled to contain one of the country's worst outbreaks of COVID-19 since the early days of the virus pandemic, Reuters reported Wednesday, citing a notice sent internally and to suppliers.Gigafactory Shanghai, also known as Gigafactory 3, halted all production lines, making Model 3 sedans and Model…

Tesla Bought Russian Aluminum To Make Body Shells For Model Y

Tesla, Inc. purchased millions of euros worth of aluminum from Rusal, the second-largest aluminum supplier in the world, which is based in Russia, according to new internal documents obtained by CNBC.Several current and former employees of Tesla provided CNBC with invoices of the purchases, though they wanted to remain anonymous, citing fear of retribution. They said…

Tesla Increases Vehicle Prices As Nickel Squeeze Sparks Chaos 

Electrek reports Tesla, Inc. increased the price for Model 3 and Model Y this week after nickel prices skyrocketed in the most epic short squeeze in history. Before we dive into Tesla pricing, it's important to understand that "Nickel is the single biggest component in terms of cost" for an electric vehicle, said Sam Abuelsamid, principal research…

Tesla Offers Free EV Charging In Four Major Cities For Those Fleeing Ukraine

Having already rounded up resources from Starlink to try and provide Ukrainians with internet access, Elon Musk is taking his aid to the country one step further. The Tesla CEO said this week that Tesla will be offering "free charging for electric vehicles in four cities around Ukraine for those fleeing the country", according to the…

‘Hate To Say It’: Elon Musk Says US Needs To Boost Fossil Fuel Production...

Tesla CEO Elon Musk said the U.S. must “immediately” increase its production of crude oil and natural gas amid the ongoing Ukraine crisis which has roiled energy markets.“Hate to say it, but we need to increase oil & gas output immediately,” Musk tweeted on Friday evening. “Extraordinary times demand extraordinary measures.” In the aftermath of…

Elon Musk Says Tesla Has “Dropped The Ball Badly” On Ramping Production Of The...

If there's one thing we can't help but notice every time Tesla reports deliveries, it's that the company looks as though it has simply given up on its Model S and Model X vehicles, with its Model 3 and Model Y cars making up a majority of the company's sales.Now, even Elon Musk is copping…
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