Thursday, 26 April, 2018

Tesla records its most productive quarter to date

Elon Musk Goes On Twitter Tirade Over Article Noting Model 3 Dumpster Fire Tesla ships fewer Model 3 sedans than expected in last quarter
Derrick Tucker | 06 April, 2018, 02:05

Production numbers are finally officially in: The first quarter of the year saw Tesla (NASDAQ:TSLA) produce 34,494 vehicles overall, up 40% from the previous quarter.

Deliveries hit new levels as well, with Tesla delivering 29,980 vehicles in total during the first quarter.

But a series of setbacks have left Tesla far behind schedule in turning out the Model 3 - for which almost 400,000 prospective buyers have already put down $1,000 deposits - and it is taking some extraordinary measures to turn things around.

Shares of Tesla climbed more than 5% on Tuesday after the company said that the production of its Model 3 cars had gone up to about 10,000 since the beginning of 2018. The company, according to Bloomberg, which has been tacking Model 3's production rate, has been assembling about 1,276 units a week for the last couple of weeks.

The company's Model 3 is priced at around $35,000, well below the prices for the Model S and Model X, and Tesla and its investors are counting on the Model 3 to lead the company to the promised land of profitability.

Separately, CNN reported that Tesla will voluntarily recall about 123,000 Model S sedans due to problems with the luxury sedan's power steering, and a class-action lawsuit against Musk and Tesla's board of directors over the company's acquisition of a solar panel company is set to proceed after a judge in DE refused to dismiss it.

Rory McIlroy aims to join exclusive company with Masters win
Pre-tournament form: Finished 11th twice, won once and has a second-place finish in seven starts this season. The only Masters champion who was not inside the top 10 after 54 holes was Art Wall Jr.in 1959 (T-13th).

Are we in a trade war yet?
Trump has been miffed over allegations China is ripping off USA products, sparking a new wave of tariffs imposed Tuesday. That gives the United States more room to find other Chinese products to target. " China's attitude is clear", Mr.

BBC commentator fears for equipment as downpour hits Commonwealth Games opening ceremony
There were minor scuffles Wednesday as about 100 Aboriginal activists faced off against police outside the stadium hosting the opening ceremony of the Commonwealth Games .

We have also created an interactive dashboard analysis which outlines our expectations for Tesla over 2018. The reality is that Tesla's debt is trading well into "junk" territory, and short-sellers are pouncing on Tesla's equity at an alarming rate (the company has been one of the most shorted firms for quite some time now).

Many professional shorts (AKA hedge funds) judge it too risky and stay out of the game, but watch intently, and much of the Tesla share register (the longs) are in the "fanboy" classification.

So all (investor) eyes were on the latest announced production figures last night Australian time, which came in at 2,020 Model 3s in the last week (8,180 delivered for the quarter - only 4 times as many).

Still, March was the second-worst-performing month for Tesla shares - down 36 percent since the September 2017 record high of $389.61. What took our team five years for S/X, took only nine months for Model 3.

Yet there is a silver lining to Tesla's production rate miss.

Bloomberg News' experimental tracking model estimates that Tesla built about 9,285 Model 3s for the first quarter, or about 774 a week.

Recommended

Gunman kills four at Turkey university Gunman kills four at Turkey university Those killed were the deputy dean, faculty secretary, lecturer, and a staff member from the education faculty of the university. The attacker's main target appeared to be the university dean, who was not in his office when the gunman arrived, he added.

Germany: Ex-Catalan leader gets conditional release Germany: Ex-Catalan leader gets conditional release Spain has accused the Catalan separatist of rebellion and corruption after he organised an unsanctioned independence referendum. The court has been considering what to do about a Spanish extradition request for Mr Puigdemont for more than a week.

Conor McGregor says no one is taking away his UFC belt Conor McGregor says no one is taking away his UFC belt His only fight in 2017 was a boxing match against undefeated champion Floyd Mayweather, who won the fight by knockout. They defend their belt (s). "In jungle, only one king", Nurmagomedov said.

How Mueller Is Strong-arming Russia's Oligarchs to Get to Trump How Mueller Is Strong-arming Russia's Oligarchs to Get to Trump Reports on Wednesday said Mueller's team interviewed two Russian oligarchs visiting the U.S. Foreign nationals are barred from contributing money to American political campaigns.

Salman jailed for five years for poaching blackbuck Salman jailed for five years for poaching blackbuck While the other four were acquitted by a Jodhpur court today, Salman was taken to the Jodhpur Central Jail from the court. The Chief Judicial Magistrate, Dev Kumar Khatri, while announcing the verdict, called the actor a "habitual offender".

Corbyn says Johnson "misleading" public over Skripal Corbyn says Johnson However, the tweet was deleted and an FCO statement said: "An HMA Moscow briefing on 22 March was tweeted in real time". An 25 additional countries collectively tossed about 100 alleged Russian spies and diplomats out of their embassies.

Nokia 8 Sirocco, Nokia 7 plus, Nokia 6 Launched in India Nokia 8 Sirocco, Nokia 7 plus, Nokia 6 Launched in India Overall the device feels bold and Nokia claims to have built the device from a single block of aluminum for extra durability. Even though this phone isn't Nokia's flagship phone, it still has some pretty high-end features for a mid-range phone.

Facebook CEO Zuckerberg to testify before Congress April 11 Facebook CEO Zuckerberg to testify before Congress April 11 Facebook and Zuckerberg have since launched an apology tour that has included numerous interviews and full-page newspaper ads.

Islamic State claims it killed four Catholics in southern Pakistan Islamic State claims it killed four Catholics in southern Pakistan It added the jihadists "shot them with a pistol, which resulted in the killing of four of them, and all praise is due to Allah". The Islamic State (IS) group claimed responsibility for that attack in a statement, but provided no proof of its involvement.

Patriots trade WR Cooks to Rams for first-rounder Patriots trade WR Cooks to Rams for first-rounder They already had the No. 31 pick and No. 63 pick as a result of finishing as the Super Bowl XLIX runner up to the Eagles . After improving their defense all season long, they would go after Brandin Cooks .

It's April 2 and snow is falling on the Philly region It's April 2 and snow is falling on the Philly region New York City saw 5.5 inches of snow - its heaviest April snowfall since 1982 when the city was dumped with 9.6 inches. The calendar may say its spring, but winter still has a firm grip on much of the Northeast region.

French rail workers begin nationwide strike French rail workers begin nationwide strike Though the aviation strike is not linked to Macron's reforms directly, it certainly made the impact of the unions' strike bigger. The unions appear weaker now, however, and are divided over their responses to Macron's many social and economic reforms.

Cardi B To Co-Host 'Tonight Show' With Jimmy Fallon On Monday Cardi B To Co-Host 'Tonight Show' With Jimmy Fallon On Monday The rapper made a memorable impression on fans and viewers during her first appearance on the late night talk show in December. Ready for more of today's newsy nuggets? She'll also perform during the show and help interview guests alongside Fallon .

Netanyahu scraps United Nations agreement to send migrants to West Netanyahu scraps United Nations  agreement to send migrants to West He added that that the government must "proceed to a new roadmap will remove the illegal infiltrators from Israel". A temporary order obtained by human rights groups had temporarily blocked the implementation of that plan.

Spotify goes public in stock market debut Spotify goes public in stock market debut Unlike other companies who handle this process with the involvement of investment bankers, Spotify is not issuing any new stock. Its closest competitor, Apple Music, is expected to overtake Spotify as the most popular music service in the United States.