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Tesla sued a self-proclaimed whistleblower for allegedly leaking sensitive internal documents to third-parties. The leaker's lawyer says he's never owned any stake in the company, but would short it if he could.
Also weighing on the stock Thursday was a report from Bloomberg which quoted employees saying they were forced to walk through raw sewage on the factory floor as Tesla ramped up Model 3 production.
Earlier this week, Tesla reached its goal of producing 5,000 Model 3 sedans in a week, a rate it has struggled to reach over the course of several months. Still, shares fell after reaching the milestone as Tesla's total vehicle deliveries came in under what Wall Street had expected.
George Galliers, an analyst at Evercore ISI, said in a note to clients that Tesla’s extra assembly line — constructed in a tent next to its main Fremont, California factory and known by the company as GA4 — could be a long term risk to Tesla's reputation.
Tesla sinks after hitting Model 3 production goal but missing Wall Street expectations for total deliveries
Tesla hit its production milestone at about 5 a.m. PT on Sunday, Reuters reported, though skeptics warn that the so-called burst production in a giant tent next to Tesla's Fremont, California, assembly plant may not be sustainable.
Tesla’s IPO was 8 years ago — here’s how much you’d have made if you invested $1,000 back in the day
Tesla's initial public offering was on June 29, 2010. An investment of $1,000 at the stock's closing price on that day would now be worth over $14,000.
"They are in for a rude awakening :)," he said, per Bloomberg. Tesla has been running like crazy to meet Musk’s stated goal of producing 5,000 Model 3 sedans per week. It even built a massive tent outside its Fremont, California factory to add an extra assembly line to its arsenal.
‘You have to move on’: Tesla’s biggest bull explains what the rest of Wall Street is missing — and why Elon Musk sets out to f...
Pierre Ferragu might be the most optimistic Wall Street analyst when it comes to Tesla. In an interview with Business Insider, the 43-year-old explained what other firms are missing when they cover Elon Musk and why the visionary sets out plans to fail.
Elon Musk’s Boring Company could be worth $16 billion if it builds a high-speed link between downtown Chicago and O’Hare International Air...
Alexander Haissl, an autos analyst at Berenberg, told clients Monday that the City of Chicago’s tapping of Elon Musk’s Boring Company to build a high-speed link between downtown and O’Hare Airport solidifies the venture as more than just a pipe dream.
“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.”