Tesla shares weak after Model 3 build slowdown
Elon Musk’s Earth-focussed company is now expected to build 2,500 Model 3 vehicles per week through the first quarter of 2018
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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Elon Musk’s Earth-focussed company is now expected to build 2,500 Model 3 vehicles per week through the first quarter of 2018
Proactive takes a look at the after hours trade in New York on Wednesday
Investments and investor services
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Investments and investor services
The Dow rose 28 points to 24,774 and the S&P 500 advanced 2 points to 2,683.
The group plans to issue up to 10mln units at 20 cents each for gross proceeds of up to C$2mln.
Electric vehicle maker Nio has launched its first mass-produced model to rival Tesla’s Model X in China
Longonjo has potential to be a low-cost producer of neodymium and praseodymium oxide.
PepsiCo’s 100 trucks add to orders already made by more than a dozen companies such as retail giant Wal-Mart Stores Inc and foodservice distribution company Sysco Corp
AB -Busch InBev is trying to cut fuel costs and emissions
Cascend downgraded its rating on the stock to ‘sell’ from ‘hold’
Slattberg is a historic mining camp hosting cobalt-nickel-copper-rich massive sulphide mineralization..
It began delivering electricity into South Australia's electricity grid yesterday afternoon
Hardware & electrical equipment
The Nasdaq posted its biggest one-day drop in more than three months on Wednesday
Specifications have exceeded expectations with 500 miles on a single charge and a price of around US$200,000
Musk was responding to a blog post circulating on several crypto-currency sites claiming that he is Satoshi Nakamoto, who has never been conclusively identified
UBS note predicts a change in the car industry's power base as electronic vehicles become more prevalent
The truck is expected to cost almost double that of a diesel version, but Tesla is looking to offset those higher upfront costs with cheap electricity rates
The battery will be officially launched next week after testing
The US bank’s analysts also slashed their forecasts for Model 3 production in the fourth quarter, saying they expect Tesla to deliver just 1,000 of the mass-market car, down from a previous expectations of 10,000 deliveries
Tesla is world-renowned for its electric vehicles powered by lithium-ion batteries, of which cobalt is a key component