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“Oh and uh short burn of the century comin soon,” Musk tweeted on May 4 following a conference call that one analyst said was the most bizarre thing he had witnessed in decades. “Flamethrowers should arrive just in time.”
Version 9 of Tesla's software should roll out in August, CEO Elon Musk tweeted over the weekend. He also gave an update on the SpaceX version of the Roadster, which Tesla announced last week. Tesla surged more than 3% on the news when markets opened Monday morning.
Only two firms, New Street Research and Berenberg, have higher price targets, according to Bloomberg.
Data from the stock-trading app Robinhood — whose user base skews markedly younger than traditional brokerages — shows that Tesla was sold more than any other stock on the app, with 5,087 investors exiting their positions over the past week.
Tesla's stock price spiked 9.74% on Wednesday, generatingl $1.1 billion in mark-to-market losses for short sellers, according to data from S3 Partners, a firm that tracks short interest.
On stage at Tesla's annual meeting, a visibly emotional Elon Musk, founder and CEO of the electric carmaker, said the company will likely reach its goal of producing 5,000 Model 3 sedan’s “by the end of this month.”
Among the proposals to be considered by investors will be the re-election of three Tesla board members, including CEO Elon Musk's brother, Kimball, which have seen opposition in recent months.
Stockholders will be voting to re-elect three prominent members of Tesla's board of directors at the meeting, all of which have come under fire from major investor groups.
Tesla investors will be voting on the future of three members of the board of directors, all of which have drawn increased scrutiny as Tesla’s struggles to become profitable reach a breaking point. Now, they are facing movements to boot them from their positions.
There’s growing concern over Tesla’s finances — and Wall Street is convinced the company will need to raise money soon
With the company in a state of "production hell" to hit production goals for the newest Model 3 sedan, analysts and investors are grappling with the very real possibility that Tesla could soon go bankrupt.