Wall Street Bashes Elon Musk’s ‘Twilight Zone Act’ in Tesla’s Meltdown

By CCN: Everyone is running out of patience with Elon Musk and his antics as the CEO of Tesla. Following the company’s spectacularly disappointing earnings report, Goldman Sachs and Wedbush downgraded Tesla’s stock on Thursday. The downgrades weren’t a surprise given the dismal numbers Tesla reported. However, the scathing lashing given out by the Wedbush …

There’s a $1.6 Billion Problem with Elon Musk’s Plan to Close Tesla Stores

In a complete reversal, Tesla revealed that it would work to move all sales online, just a year after touting the expansion of Tesla stores and galleries. Tesla Backtracks on Retail Store Expansion The 2017 annual report published in February 2018 read: “Our Tesla stores and galleries are highly visible, premium outlets in major metropolitan …

Tesla Starts Selling the Cheaper Model 3 in China [But Import Duty and Other Costs Still Makes it Expensive]

Tesla has begun taking orders for a cheaper version of the Model 3 in China. The electric car maker will now start selling the Model 3 Long-Range rear-wheel drive version marked at $64,400, Reuters reports. This is significantly cheaper than the Model 3 Performance which was already available in China starting at $83,000. In the United …

Tesla’s Model S and X Now Sport the Same 100kWh Battery Pack; Will it Simplify Production?

Electric car maker Tesla has made good its promise to phase out the 75kWh Model S and Model X versions. On Tuesday the electric car maker began selling these models only with the long-range 100kWh battery packs. Despite having the same battery, the range will differ depending on the model with cheaper versions having a …

Tesla Shares Nosedive After Major Analyst’s Consensus Turns to “Sell”

Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China January 26, 2016. REUTERS/Bobby Yip/File Photo By CCN.com: Elon Musk and Tesla’s poor start to 2019 looks like it’s set to get worse. After news of a $1 billion debt balance and cost-cutting layoffs, analysts are …