Elon Musk Tesla U.S. Business News 

Elon Musk Gets Roasted after Half-Baked Tesla Full Self-Driving Fail

Tesla CEO Elon Musk Isn’t particularly known for delivering on promises in time and the internet had a field day with the latest delay.| Source: REUTERS/Mike Blake By CCN Markets: Just when it seemed like things are getting back on track for Elon Musk and Tesla, the South African billionaire has shot himself in the foot once again with yet another unfulfilled promise. Musk was supposed to hike the price of Tesla’s full self-driving (FSD) package from August 16 with a James Bond-like upgrade to summon your car, but it…

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ARK Invest Tesla U.S. Business News 

Tesla Model 3 Margins Will Double, Says Bull With $4,000 Stock Target

ARK Invest slapped a jaw-dropping $4,000 price target on Tesla stock, and now they predict Model 3 margins will double in the near-term. | Source: AFP PHOTO / ODD ANDERSEN By CCN Markets: The Tesla Model 3 accounted for 81% of Tesla’s overall vehicle sales during Q2. So it is not difficult to understand why the Elon Musk-led company’s gross margin fell 168 basis points annually during the second quarter as the production of Model 3 units increased. But asset management firm ARK Investment forecasts that Tesla’s Model 3 gross margin…

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Elon Musk Tesla U.S. Business News 

Tesla’s ‘Dog Mode’ Malfunctions, Placing Elon Musk in Hot Seat Again

Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla cars after a customer complained that it almost killed his pooch. | Source: REUTERS/Mike Blake Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla electric cars after a customer complained that it almost killed his pet. Musk was alerted to the problem on Twitter by bitcoin investor Rahul Sood, the CEO of e-sports blockchain betting platform Unikrn. As CCN reported, Unikrn is an esports company backed by tech billionaire Mark Cuban. Tesla unveiled Dog Mode in February…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Quarterly Loss Surprises No One, Stock Rightfully Tanks

To the surprise of nobody, Tesla reported a loss this past quarter along with a ton of cash burn. Let’s look at the headline numbers and then parse why this is another disaster for Tesla, no matter what the bulls say. Ugly Numbers Tesla lost $1.12 per share versus the expected loss of $0.31 per share. That means a loss of $408 million in the quarter on revenue of $6.3 billion, which is about $200 million below expectations. A positive surprise was that free cash flow was $614 million. Elon…

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Elon Musk Tesla U.S. Business News 

Tesla’s Stock Could Hit the Skids as Analyst Presses the Brakes

Tesla’s stock had a terrific June and has managed to sustain that momentum this month. But don’t be surprised if it takes a hit and heads lower once the company releases its fiscal second-quarter results on July 24. Tesla’s stock has been having a great time, but it might be headed lower. | Source: Yahoo! Finance Elon Musk has propped up expectations by revealing Tesla’s second-quarter delivery numbers already, which smashed estimates and gave the tech entrepreneur’s ego a nice massage. Congratulations Tesla team & thanks to all the new…

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Op-ed Tesla U.S. Business News 

This One Image Destroys Tesla’s Self-Driving Car Fantasy

A two-year-old video of a prankster confusing a self-driving car has gone viral for a second time, and it demonstrates a critical reason why Tesla’s self-driving cars will never become ubiquitous. Going viral once is a big event, but a “recurrent” viral video indicates that something about the content has gripped people in some visceral fashion. In this case, it’s the fact that human ingenuity can fool a self-driving car. It drives home the reason why it seems unlikely that they will ever have mass-market appeal, no matter what company…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Woes Escalate After Autopilot Files Stolen in Corporate Espionage

As it is, the bevy of departures of employees across many divisions at Tesla has contributed to a brain drain at Elon Musk’s famously troubled company. Finding and retaining the best workers in the business, as well as people who are able to work in the apparently chaotic environment at the company, is going to be an ongoing challenge. What makes all of these departures worse, however, is that they are being accompanied by allegations of corporate espionage. Former Employee Stole 300,000 Documents Tesla has not been shy about suing…

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bill gates Elon Musk Op-ed Tesla U.S. Business News 

Elon Musk Could Use Some Steve Jobs-Like Wizardry to Fix Tesla

This should be a happy time for Tesla. After recently confounding critics by breaking its quarterly record for vehicle deliveries in Q2 2019, its share price rocketed over seven percent, closing the day just over four percent higher. After a miserable quarter plagued with boardroom infighting, resignations, missed delivery targets, lukewarm sales, safety scandals, lawsuits and an ex-employee who claimed Elon Musk was personally trying to ruin his life, last week’s stock rally was a veritable oasis of good news. That notwithstanding, all is not well with Tesla. Senior executives…

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Elon Musk Tesla U.S. Business News 

Elon Musk Takes a Victory Lap as Tesla Smashes Delivery Record

In a stunning comeback for Elon Musk’s Tesla, the electric car manufacturer broke its record for car deliveries last quarter. With 95,200 cars delivered (more than 4,200 more than markets expected), Tesla stock (TSLA) was skyrocketing in after-hours trading, up more than 7%. Congratulations Tesla team & thanks to all the new Tesla owners!! ♥️♥️ https://t.co/QczUAVazw5 — Elon Musk (@elonmusk) July 2, 2019 Bears Have Battered Tesla Stock This Year Tesla bulls have taken a beating this year. The downtrend was fueled by a combination of demand concerns mixed with…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Unhappy Birthday: Here’s Why Its Days May Be Numbered

July 1 has the unfortunate distinction of being the 16th birthday of the world’s most controversial car maker, Tesla Motors. Given the insanity of Elon Musk, it’s a wonder Tesla made it this far. Or rather, perhaps it’s because of the insanity of Elon Musk that Tesla is still around. Tesla: How Not to Run […] The post Tesla’s Unhappy Birthday: Here’s Why Its Days May Be Numbered appeared first on CCN Markets

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