Tesla Inc chief Elon Musk scoops up $10mln worth of Tesla shares
Tesla's chief executive makes his most extensive stock purchase since March of 2017
Company
NASDAQ:TSLA
Tesla Inc designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offer services related to its products. The company's segments include automotive, and energy generation and storage.
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Tesla's chief executive makes his most extensive stock purchase since March of 2017
CEO Elon Musk told investors to stay away from Tesla stock if they can't handle volatility
Tesla and Nikola weren’t initially rivals until the former unveiled its own semi truck in November last year
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Tesla was a top decliner of the day after its CEO's comments to investors on a earnings call
Fears rise over electric car maker's enormous debt and cash burn rate
Tesla repeated its production guidance of 5,000 Model 3s a week by the end of the current quarter, but warned it has previously 'demonstrated the difficulty of accurately forecasting production rates'
Tesla’s Autopilot boss has left the carmaker to join Intel and becomes the latest top-level executive to leave in the past year or so
Investments and investor services
The Dow climbed up triple digits with the help of strong earnings from Facebook and Visa
The electric-car maker is supplying lithium-ion batteries to 662 locations on the island with plans to deliver more
Venture capitalist Steve Jurvetson was under investigation by his former employer for sexual harassment
Electric-car maker pushed back against the allegations in a blog post
The electric-car maker won't reach its production goal until the third or fourth quarter, the analysts wrote
“These periods are used to improve automation and systematically address bottlenecks in order to increase production rates,” a Tesla spokesperson said.
The sale of shares in the tunnel maker was 100% sold, the report says
Move was designed to show better safety record, report says
CEO Elon Musk tweeted early Friday that the company would be profitable in its third and fourth quarter
Musk called The Economist "boring" and said his company does not need to raise money
The potential fundraising follows the successful launch of SpaceX's Falcon Heavy rocket in February which marked the culmination of more than six years of work
Shares were down 1% on Thursday afternoon and had fallen as much as 2.4%
The 'only way for this accident to have occurred' is driver error, Tesla is cited as saying