Tesla July Sales Declines by 60% in Norway. Service Woes to Blame?
Tesla’s July sales dropped by 60% in its third largest market, Norway. The electric car maker sold just 64 units this year compared to 160 units the company sold in July last year. But before we jump to conclusions we also need to look at the fact that Tesla’s sales in the first seven months increased by 63% this year compared to last year.
Between January 2018 and July 2018, Tesla has sold 4,110 Model S and Model X, compared to 2,520 units the company sold during the same period last year. Read More
Tesla Shorts Reduce Position. Fat Trimming Says S3 Partners
After Tesla CEO Elon Musk announced that he plans to take Tesla Private, the initial impression was Tesla Shorts would rush towards the exit creating a short stampede. One reason for that was Elon Musk didn’t just say he plans to take Tesla private but also added a $420 buyout price for his proposed transaction.
A week has gone by since the announcement and the stock price has erased all the gains it made after the tweet, closing at $347.64 on Tuesday. Read More
Major Tesla shareholders trimmed stakes last quarter: filings (Via Reuters)
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.
T. Rowe Price Group Inc funds, once the No. 2 Tesla shareholder after Musk, cut their holdings by nearly a quarter to 11.9 million shares in the three months ended June 30, according to a filing on Tuesday with the U.S. Securities and Exchange Commission. The disclosure comes days after Fidelity Investments, another top-10 shareholder, said in an earlier filing it cut its Tesla stake by 21 percent during the quarter. Read More
Should Tesla Be Worried about the IMF’s Lithium and Cobalt Supply Warning?
According to the IMF, there could be “potential cobalt and lithium scarcities that could slow the rollout of electric vehicles.” The International Monetary Fund did not give specific estimates on when this is likely to happen, but it’s not going to be too far into the future.
So, the problem here is two-fold. One is cobalt, which is primarily found in former Zaire, now the Republic of Congo. But a combination of political instability, stories of child labor and China being in control of most supply chains originating there has forced other battery makers, especially in South Korea and Japan, to explore other options. Read More
Tesla Gets the Go-Private Ball Rolling. Announces Formation of Special Committee
After a week full of “Has Elon really Secured Funding?” question and answer sessions, Elon Musk and Tesla are going full steam ahead to take Tesla Private.
Tesla, Inc. announced today that the company’s Board of Directors has formed a special committee to evaluate Elon Musk’s proposal to take Tesla Private and pour over alternatives to Elon’s proposal. Read More
Tesla Keeps Cranking up Model 3. In Sight of 6000 Units Per Week
I wish everyone would really give a hard time to those analysts who kept saying that Tesla will not be able to sustain its production rate after the company reported that they have built 5,031 Model 3s in the last week of June.
Maybe they were correct in a way because Tesla is not building 5,000 Model 3s anymore. They are very close to building 6,000 units every week, data from Bloomberg Tracker shows. Read More
Why Tesla is building city-sized batteries
Model 3 in China showroom!
Tesla Roadster- Why is it Worth Spending $200,000 on this Car (via Vehicle Suggest)
The Electric Forest had its share of obituaries over the years but the new American car company Tesla is determined to prove that the concept is a workable one. the Tesla Roadster looks good and can hold its own in the performance arena. Tesla has pre-sold about 900 cars of Tesla Roadster 1.0 (Earlier Version of the Tesla Roadster).
In 2017, it was finally time for a refresh, the new updated model of the Tesla Roadster is an absolute beast. The Tesla Roadster can do 0 to 100 km/h or 60 mph in 1.9 seconds and Tesla Roadster can also do 0 to 160 km/h or 100 mph in 4.2 seconds. it’s the first production car in the world to break the two-second barrier. It’s said to also produce 10-kilonewton meters of torque at the wheels. at the recent presentation, Elon Musk didn’t say the top speed but did say that it can go over 250 mph or 400 km/h. Read More
Over 200 Orders Placed For Teslas In Russia (Via CleanTechnica)
About 236 orders were recently placed for Teslas in Russia, which would be about an 80% increase in the current fleet if they are all fulfilled. The total there now is approximately 300, even though there are no Tesla stores or charging stations. The orders were placed on the website of Svyaznoy, a company that is now working with the Moscow Tesla Club to import more Teslas. Read More
Daddys Got A Tesla – Whyte Wyne & Heller
Just in time for Wednesday.
