Tag: Model 3

It’s nearly time for Tesla’s board to move on Elon Musk

Via Marketwatch

Click to visit the TBP Store for Great TBP Merchandise

What’s wrong with Elon Musk?

And where is Tesla’s board of directors, as the antics of its CEO escalate, as Tesla’s stock price falls, and as the progress of the company’s efforts to manufacture more than a few of the 400,000-plus Model 3 electric cars that customers have ordered ebbs and flows?

We know where Musk is. The going gets tough, and he goes to get tough — on Twitter TWTR, +0.30%

Musk has always been … different. But since Tesla’s TSLA, +0.21%  first-quarter conference call, where he dismissed “boring” questions about operations and capital requirements, it has gone to another level. Most recently, his Twitter feed has looked worthy of Silicon Valley whipping boy Donald Trump, with a half-baked distraction about creating a Web site to rate media outlets.

“Anytime anyone criticizes the media, the media shrieks ‘You’re just like Trump!,’ ” Musk tweets, complete with Trumpian grammar.

“Why do you think he got elected in the first place? Because no ones believes you any more.”

That’s nice, Elon. How did that tweet help you make cars?

Continue reading “It’s nearly time for Tesla’s board to move on Elon Musk”

Tesla announces worst quarter ever, Model 3 delays

Queue Starfcker in 5,4,3,2,1…..  to tell us all how this is part of Musk’s master plan to rule the world. It’s just another tiny hiccup. Last year at this time he proclaimed he would be producing 200,000 Model 3s in the second half of 2017. Instead, he will make less than 5,000. What a genius!!! Buy the dip!!!

Via Marketwatch

Tesla Inc. warned it will take months longer than expected to reach its goal of making 5,000 Model 3 sedans a week, a significant delay that could put additional pressure on Chief Executive Elon Musk’s limited cash pile.

The Silicon Valley electric-car maker had aimed to hit that production threshold by the end of this year, but said on Wednesday it won’t reach the milestone until late in the first quarter of next year.

Tesla also reported its worst financial quarter ever, posting a loss of $619 million attributed to common shareholders in the three months that ended on Sept. 30, compared with a rare profit of $22 million a year ago. On an adjusted basis, the company’s per-share loss of $2.92 was wider than the $2.28 consensus estimate of analysts surveyed by Thomson Reuters.

Continue reading “Tesla announces worst quarter ever, Model 3 delays”