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Is Tesla On Its Way To Crashing And Burning? Electric Car Company Posts Huge Losses In 2019

Tesla’s first quarterly earnings report of 2019 showed the company took a massive financial hit after losing a $7,500 electric vehicle tax credit on Jan. 1, Greentech Media reports. Tesla released its Q1 earnings report Wednesday, showing losses greater than the already pessimistic predictions from analysts. The electric car company posted a $702 million net loss, according to Generally Accepted ...

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Driving A Tesla Results In More CO2 Than A Mercedes Diesel Car, Study Finds

A Tesla Model 3 is touted as a zero-emissions car by government regulators, but it actually results in more carbon dioxide than a comparable diesel-powered car, according to a new study. When the CO2 emissions from battery production is included, electric cars, like Teslas, are ” in the best case, slightly higher than those of a diesel engine, and are ...

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Tesla’s First Quarter Deliveries Tumble As Musk Struggles To Expand Into China

Tesla’s first-quarter deliveries stumble as CEO Elon Musk works to expand the new Model 3 vehicle into China and Europe. The automaker delivered roughly 63,000 vehicles in the latest period, which is about 31 percent drop from the previous three months. Analysts predicted deliveries would drop to 73,500, according to FactSet, a number reflecting deliveries for the Model 3 and ...

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Tesla’s Production Hell Comes Back To Bite Musk As He Wrestles With Another PR Problem

Consumer Reports said Thursday night that it cannot recommend the Tesla Model 3 after customers complained about some of the vehicle’s poorly manufactured parts. “[Consumer Reports] members say they’ve identified a number of problems with their cars, including issues with its body hardware, as well as paint and trim,” Consumers Reports noted in its report. The report comes after Tesla ...

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Elon Musk Makes Another Prediction About The Future Of One Of His Companies

Tesla CEO Elon Musk predicted Tuesday that the electric vehicle automaker will begin producing purely self-driving cars by the end of 2019. The mercurial tech guru has made similar predictions in the past. Musk argued in 2015 that his company would complete a self-driving feature within two years — it never happened. He’s now doubling down on that forecast. The ...

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Tesla Loses Yet Another Top Executive

Tesla’s general counsel Dane Butswinkas is leaving his post in the electric car company after just two months on the job, Reuters reported. The former general counsel is one of dozens of top Tesla executives to leave the company in the past two years, according to Reuters Wednesday. Butswinkas is leaving the company to take up his former role as Tesla’s ...

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Tesla’s Stock Takes A Big Hit As The Company Deals With Losing Federal Tax Credits

Tesla’s vehicle deliveries fall well short of Wall Street analysts’ expectations as the Silicon Valley automaker wrestles with the realization that its federal tax credits are quickly running out. Tesla disappointed investors Wednesday after announcing that it delivered 90,700 vehicles during the fourth quarter, more than 2,000 vehicles short of what Wall Street analysts expected. The company cut prices on ...

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Buddies No More? Enviros At Sierra Club Could Sabotage Their Relationship With Musk

Tesla employees seek to unionize the company’s Buffalo plant as the automaker attempts to meet crucial hiring promises at the facility. Sierra Club’s decision to support an effort to unionize a Tesla plant in New York could put a crimp in the group’s relationship with CEO Elon Musk. Tesla CEO Elon Musk’s past successful staving off unions might come to ...

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IRS Will Stop Handing Out Subsidies Tesla Buyers In 2020

The Treasury Department announced it would phase out electric vehicle subsidies for Tesla buyers at the beginning of next year. By 2020, those tax subsidies would completely disappear. It’s an announcement that Treasury’s Internal Revenue Service (IRS) will be making more of in the coming years as automakers produce enough electric cars to trigger a phase out of tax subsidies. ...

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Dems Toss Lifeline to Tesla as Musk Melts Down

Democrats are working to rescue Tesla as the company struggles to cope with the possibility of losing a lucrative tax credit many analysts argue is the only thing keeping the electric vehicle industry afloat.

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Tesla Bull Turns Bearish As Clouds Over Elon Musk Continue To Darken

  by Chris White One of Tesla’s chief supporters on Wall Street has taken a more bearish approach to the electric automaker as the company embarks on a major managerial shakeup following poor production numbers. Morgan Stanley analyst Adam Jonas is tossing up warning flags concerning the business and production aspects of the Silicon Valley company. He slashed his price target due ...

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Tesla’s Shares Free Fall As Analysts Claim The Automaker Is Nearly Insolvent

  by Chris White Tesla has less than six months to go before the electric automaker enters complete insolvency due to chronic business problems, according to one Chicago-based investment group founder. Analysts are blasting Tesla as the Silicon Valley company’s shares and bonds continue to flounder amid concerns about the safety of electric car technology. Tesla is not in financial condition ...

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