Tesla News: Around the World in 24 Hours

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Tesla Buyout Plan Traps Short-Sellers With Years of Pain

Tesla shorts lost betting against Tesla in 2016 (-$866.4 billion), 2017 (-3.566 billion) and their suffering might end up peaking in 2018, if the company goes through with its plan to go private. If the shorts hold on till Tesla reaches $420, then they will end up losing $4.45 billion for the year. Their best worst performance in three years. Read More

Elon Musk Did it. But Can he do it? Tesla’s $420 Question

Tesla CEO Elon Musk shocked the stock market and Tesla shorts with a single tweet that he is planning to take the company private at a price of $420. He increased the shock value by adding that funding is in place for the deal.

Just as the market was digesting the news about Saudi Arabia’s sovereign wealth fund building a $2bn Tesla stake, Elon added more fuel to the fire by letting the world know that he is planning to take Tesla private. Read More

Why Tencent Makes Sense for the Tesla Motors Take-private Move

Tesla Motors CEO Elon Musk’s tweet about taking the company private until it “enters a phase of slower, more predictable growth” has the investment world buzzing. And rightly so, because a leveraged buyout of this size (approximately $50 to $60 billion) will be the largest of its kind ever, topping the $45 Energy Future Holdings Corporation deal of 2007 by nearly $15 billion. Read More

Tesla Board Met Several Times Last Week to Discuss Go-Private Plan

Tesla Inc. board of directors released a statement today making it clear that Elon Musk’s tweet about taking the company private was not a spur of the moment remark, but more of a planned one. Read More

Is Tesla Already Building 6,000 Model 3s Every Week?

As we all keep drowning in the deluge of ‘will they really go private or not?’ Tesla news, the Elon Musk led company has quietly registered 17,425 Model 3 VINs in the first week of August.

It’s a huge one, because Tesla registered just 21,072 Model 3 VINs in July. Tesla is shy of that target by 3,647 and we still have three more weeks to go for the month. Read More

Tesla’s New Chief Accounting Officer was at Seagate When they went Private

Eight days ago, Tesla welcomed David H. Morton as Tesla’s New Chief Accounting Officer. Tesla’s CAO post was vacant since Eric Branderiz left the company for personal reasons in March this year. So it was natural for them to fill the position.

But what makes the new hire extremely different is – Dave Morton has one valuable experience, taking the company private and then taking them public again.A hard to find talent. Read More

New Tesla PowerWall Feature Will Auto-detect Storms during Hurricane Season

If you own a Tesla PowerWall and live in a hurricane-prone region, then you need to know this. Discovered by Tesla owners on the latest Android app update and reported by Electrek, the ‘Storm Watch’ feature will check weather conditions and charge up fully to provide alternate power if there’s a power outage.  Read More