Tesla is 'no longer investable' due to Elon Musk's antics, firm says

Tesla is 'no longer investable' due to Elon Musk's antics, firm says

Shah stated in his note that he had been one of Tesla's biggest bulls since starting his coverage of the company last October, but recent developments concerning Elon Musk have been less than encouraging, particularly regarding the CEO's Twitter behavior.

An email to Tesla reservation holders obtained by marque fan site Electrek says that in the future, the two paints will become "limited edition colors via special request at a cost of $2,000, only until Friday, Sept. 21, 2018".

"Longer-term, however, we remain neutral on Tesla, as we believe the stock is unlikely to meaningfully break out of this range until investors get clarity on normalized Model 3 gross margins/profitability, as well as product quality", stated Sacconaghi.

Shares of the company, which closed up 8.5 per cent at $285.50 on Monday after two brokerages said it could meet its production targets for the second half of the year, fell almost 2 per cent before the bell on Tuesday. Tesla has no experience with mass production.

The Tesla logo is seen at the entrance to Tesla Motors' new showroom in Manhattan's Meatpacking District in New York City, US, December 14, 2017.

There is a waiting list of more than 400,000 people who want to buy a Tesla, and some have been waiting since March 2016, when the company started taking orders.

The plaid shirt guy from the Trump rally reveals his identity
He had, in fact, attended a rally with Vice President Mike Pence the month before, also in Billings, with little fanfare. Trump has repeatedly threatened to shut down the government when funding runs out on September 30 if the U.S.

Even before Musk's surprise tweet that he had funding "secured" for a go-private deal, Tesla had been under scrutiny from investors, analysts and short-sellers as it works to hit production targets and slow its cash burn.

The announcement follows a chaotic week for Tesla in which Musk lost his chief accounting officer after less than a month on the job, then smoked marijuana during a late-night podcast hosted by a California comedian. Instead, you'll have to pay extra for them. Musk has promised that as it sells more Model 3s the company will turn a sustained net profit starting this quarter. The stock fell 2.6 percent in pre-market trading on Tuesday.

Some customers have reported significant problems with their Model 3s and other Tesla vehicle shortly after receiving them, and Business Insider reported in August that a much higher percentage of Model 3s produced at the end of June required rework than a car at the average auto plant.

Later on Friday, Tesla named a new president of automotive operations, promoting eight-year Tesla employee and former Daimler truck exec Jerome Guillen into the role overseeing all automotive operations and reporting to Musk.

This is the Obsidian Black Tesla Model S. He views the drop off in Tesla shares following controversy over Musk's unapproved tweets regarding a take-private acquisition as overblown.

Related Articles

  • Del Potro into US Open final as Nadal quits with knee injury

    Del Potro into US Open final as Nadal quits with knee injury

    Del Potro also acknowledged their close friendship and noted that his opponent won Wimbledon , the most recent grand slam. Having fallen to No 577 in the rankings previous year , Del Potro has risen to the third best player in the world.
    Obama urges voters to mobilise against the 'politics of fear'

    Obama urges voters to mobilise against the 'politics of fear'

    Obama also said that the message would not just be focused on die-hard Democrats. "And I'm happy he wants to do it again". Fox released an excerpt on Saturday. "If it does happen, it's your fault, because you didn't go out to vote".
    Apple iPhone XS, iPhone XC, MacBook, iPad Pro price and specs leaked

    Apple iPhone XS, iPhone XC, MacBook, iPad Pro price and specs leaked

    New images that surfaced on Twitter purportedly show the new iPhone in four colors and reveal a name: iPhone Xc . There are contradictory reports of the device being referred to as the iPhone Xs Max or the iPhone xs Plus.
  • Petrol touches Rs.90.11/litre in Maharashtra’s Parbhani

    Petrol touches Rs.90.11/litre in Maharashtra’s Parbhani

    On Monday, Andhra Pradesh government announced a reduction of tax on petrol and diesel by Rs 2 a litre. The nationwide bandh affected the bus and train services.
    Chaos in the White House Monaem Sarker

    Chaos in the White House Monaem Sarker

    Christie fired back that it's an "outrageous statement" to suggest someone should be ashamed for working in the Trump White House. Several prominent figures in the book have denied quotes that Woodward attributes to them.
    Possible Short Term Scenarios for Bitcoin (BTC) and the Crypto Markets

    Possible Short Term Scenarios for Bitcoin (BTC) and the Crypto Markets

    Brian Kelly of BKCM, a crypto hedge fund, stated that the Goldman Sachs report is behind the bearish sentiment towards Bitcoin. But, BTC and ETH, along with other assets, have not shown any signs of stabilization in their low price range.
  • PM, president, army chief condole demise of Begum Kulsoom Nawaz

    PM, president, army chief condole demise of Begum Kulsoom Nawaz

    Family sources told that Begum Kulsoom had inquired about Nawaz and Maryam last night but was not informed about their conviction. The president prayed for the departed soul to rest in peace and extended his condolences to the bereaved Sharif family.
    Delanie Walker to miss season with ankle injury

    Delanie Walker to miss season with ankle injury

    I think there are some things that we're going to clean up and we're going to feel better about probably four weeks from now. Lightning forced a halt again midway through the third quarter, and the second stoppage lasted just over two hours.
    CBS CEO Les Moonves Accused of Sex Crimes, Violence By More Women

    CBS CEO Les Moonves Accused of Sex Crimes, Violence By More Women

    Moonves' allies will surely cast his exit as a corporate coup - a successful effort by Redstone to gain a tighter grip on CBS . Moonves is one of the media world's highest paid CEOs, so his severance package would normally be generous, even gargantuan.
  • Jon Gruden: 'Obviously, Khalil Mack didn't want to be here'

    Jon Gruden: 'Obviously, Khalil Mack didn't want to be here'

    I'm not sure anyone was asking that question last season before Aaron Rodgers got hurt, but they are certainly asking it now. The Packers had to make a similar adjustment late in the 2014 season, when Rodgers was hobbled by a calf injury.
    Pres. Trump: North Korea Parade Is 'A Big And Very Positive Statement'

    Pres. Trump: North Korea Parade Is 'A Big And Very Positive Statement'

    Pyongyang residents, who trained for months for the anniversary, held up the bouquets to spell out words and slogans. Meanwhile, North Korean top officials pledged allegiance to Kim Jong-un at a founding day ceremony on Sunday.
    Ariana Grande Shares Photo Of Ex-Boyfriend Mac Miller After Rapper’s Death

    Ariana Grande Shares Photo Of Ex-Boyfriend Mac Miller After Rapper’s Death

    Chance the Rapper credited Miller with helping him early in his career and called him "one of the sweetest guys I ever knew". Toxicology tests have been requested, but Mac's official cause of death can not be confirmed until they come back.