Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally. It primarily offers sedans and sport utility vehicles. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well as through Internet. The company was founded in 2003 and is headquartered in Palo Alto, California.
Tesla missed its Q1 delivery targets Supplier shortages impacted Tesla Motors’ car deliveries this quarter, though the company still managed to deliver a total of 14,820 vehicles in the first quarter of 2016. The electric car maker shipped 12,420 Model S vehicles and 2,400 Model X vehicles, it said on Monday, adding that it delivered almost 50% more cars this quarter than it did in the first quarter of last year. However, it still fell short of its prediction it will deliver 16,000 cars this cars. By comparison, Tesla delivered 17,478 vehicles to customers in the fourth quarter of 2015. In the last few months, the company encountered issues with its production of the Model X, its electric SUV car. Because of part shortages, Tesla was forced to limit the production of the Model X for a period of time, before ramping it back up in the latter par to the quarter. By the end of March, it was up to producing 750 Model X cars per week, the company said in a statement. Echoing co-founder and CEO Elon Musk’s comments during its January earnings call, Tesla blames its manufacturing issues on its “hubris in adding far too much new technology to the Model X in version 1, insufficient supplier capability validation, and Tesla not having broad enough internal capability to manufacture the parts in-house.” Nevertheless, the company says it’s still on track to deliver 80,000 to 90,000 cars to customers by the end of 2016, in line with its previous expectations for the year. It also unveiled its newest car, the Model 3, on time last week. Following the news, Tesla’s stock price went down by 2.43% to $241.19 in after-hours trading. LINK - http://www.msn.com/en-us/money/companies/tesla-missed-its-q1-delivery-targets/ar-BBrlpGw
Stupid stock.....glad I was stoped out....was my shittiest trade this year, shorting this piece of....!
Can't believe TSLA is still on a tear after missing the projected build. You'd think with the crazy amount of pre-orders and the company never making anything near that that there would be a little more concern and the stock wouldn't be sailing still.
Bacanora Minerals Plc has conditional agreement with Tesla to supply Lithium from its Sonora site in Mexico for it's batteries. REMMY has shareholding in Bacanora.
Ive jumped on the Tesla bandwagon. I paid my $1000.00 deposit last week. I felt a bit nutty for doing so only because I have never seen the actual car or have test driven it. The cars in video above posted by @Gil Oren look great. Ive had the same vehicle since high school (Yikes,almost 20 years ago), decided it was time for a change. @T0rm3nted I had the same feeling as you. IM not too concerned, maybe IM a bit too optimistic?
Nice! You getting it! Whats the policy on refunds if you decide you dont want it? I dont think not having tested one before you buy is an issue, its going to be amazing!
After I made the deposit online, I went into the Dealer to ask a few questions...One of the questions was.....What if It wasnt what I expected and no longer want the car? All 4 of the sales people quickly told me I'd get all of my money back, 100% refundable! They dont want a "Ticket Scalping" situation. They'd rather buy it back instead of me trying to sell it to someone else, who would than try to sell it at a higher price to someone else. They had great customer service.
Yeah I remember seeing in quite a few articles that the deposit is "100% refundable". Good move by Tesla in an environment where most deposits are not refundable. Side question: What do you all think about the rise of Tesla in regards to other auto companies (General Motors GM, Ford F, Fiat Chrysler FCAU, etc.)? I'm unsure if the rise of the electric car will begin to crush some of the gas car companies. I know there will be competitors like the Nissan Leaf and the Chevy Bolt, but with the popularity of the Model 3 now, who knows if we will have another huge player in the market taking a lot of the market share of "The Big 3".
TSLA around $244 is the same size move as last month. What does this mean? Nothing at all! But we like levels here because they are cool.
