Wall Street analysts are responding to Tesla's announcement last week that it would lay off about 7% of its staff due to pressure on profits and Model 3 production challenges. RBC Capital Markets on Tuesday slashed its price target and downgraded the stock, s…

Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019. Tesla’s stock price plunged more than 12% Friday (Jan. 18) on heavy trading volume — suggesting a sell-…

Tesla is cutting its workforce by 3,000 employees. This comes ahead of a $920 million bond payment due in March. A lot will hang on Tesla's Q4 earnings which — Musk said in his letter announcing the layoffs — came in lower than Q4. Tesla has announced that it…

Tesla is laying off 7% of its employees, CEO Elon Musk said on Friday in an email to employees, the second round of cuts the automaker has made in less than a year. The layoffs were the right move for a company that has major expenses ahead as it prepares to …

Tesla is laying off 3,000 workers, the company announced Friday morning. Shares dropped as much as 7% following the news as investors questioned what the restructuring means for the stock. Morgan Stanley said the move could be a sign that Tesla's US market sh…

Tesla CEO Elon Musk sent a letter to employees Friday morning informing them the company was cutting 7% of its workforce. Musk said the layoffs were coming as the company begins production of its $35,000 Model 3. Tesla shares fell 6.55% following the announce…

Tesla to Slash Workforce to Reduce Model 3 Price The Wall Street Journal Elon Musk's Tesla is cutting its full-time workforce by 7% as part of an effort to lower costs so the company can sell the Model 3 sedan at a lower price, the chief... View full coverage…

Nearly half of the US' Tesla Model 3 registrations during the first 10 months of 2018 came from California, Bloomberg reported on Wednesday, citing data from IHS Markit. The high percentage of Model 3 registrations from California does not hold any negative i…

Tesla's customer referral program will end February 1, Elon Musk said on Twitter. The program was adding too much cost to vehicle production, especially the Model 3, he added. Tesla owners participating in the referral program can receive rewards such as the …

General Motors gave strong 2019 guidance Friday morning. The automaker also announced it would use its Cadillac brand to take on Tesla in the electric-vehicle market. Watch General Motors trade live. General Motors was rallying Friday, up more than 9%, after …

Elon Musk has already sent a Tesla Roadster to orbit on a SpaceX rocket, and Wall Street is looking for more crossovers between the two companies. The billionaire has hinted at flying-car ambitions but has the same concerns as analysts, regulators, and citize…

The high-speed crash that killed two teenagers in a Tesla Model S last May could have been prevented, the family of one victim claims in a new lawsuit. Parents of passenger Edgar Monserratt Martinez allege a Tesla worker removed a speed governor from the car …

Tesla and Larry Ellison have confirmed via a new SEC filing that Ellison owns 3 million shares, which are worth about $1 billion. The filing was necessary because Ellison agreed last week to join Tesla's board. Tesla did not say when Ellison bought the shares…

An attorney seeking to subpoena Azealia Banks in a lawsuit centered on Tesla CEO Elon Musk's "funding secured" tweet is arguing that Musk's lawyers "seem to be pressuring" Banks to conceal and destroy information based on a now-deleted tweet by Banks. Tesla i…

Tesla CEO Elon Musk kicked off the construction of the electric-car maker's new $2 billion Gigafactory in Shanghai, China, on Monday. A China-based factory may help Musk dodge tariffs imposed by China. Tesla shares jumped almost 2% early Monday. Watch Tesla t…

Here is what you need to know. China sends Xi's top economic adviser to talk trade. Vice premier Liu He, the top economic adviser to Chinese President Xi Jinping, made an unexpected appearance at trade talks in Beijing on Monday, Bloomberg says. Brexit is goi…

Here is what you need to know. China sends Xi's top economic adviser to talk trade. Vice Premier Liu He, the top economic adviser to Chinese President Xi Jinping, made an unexpected appearance at trade talks in Beijing on Monday, Bloomberg says. Brexit estima…

Over the years, I've driven every car Tesla has ever produced. They've all been good, but features of individual models have stood out. Here's a rundown of what I love about the Tesla original Roadster, the Model S, and the Model X, and the Model 3. I wrote m…

Tesla CEO Elon Musk deleted a tweet that linked to a Forbes story that incorrectly stated that Tesla outsold every other luxury automaker in the US during the fourth quarter of 2018, Bloomberg reports. The story was later updated with a correction which clari…

This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Since 2009, the US government has offered a tax credit to incen…

Tesla cut prices on its vehicles by $2,000, setting off worries that it has a demand problem. But based on how few vehicles it has in inventory and how many Model 3s it sold in 2018, demand concerns are overblown. Tesla shares have been declining this week — …

New York Gov. Andrew Cuomo has reached out to Tesla for ideas to improve New York City's subway system, Cuomo said during a press conference on Thursday. "I called up Tesla and I said, here's the question: We're trying to move subway cars, get them closer tog…

A Tesla Model X owner towed a 5,000-pound truck to prove he could easily 'de-ICE' a blocked Supercharger if need be. "Show them this video," Lawson, the owner, said to other Tesla owners who might encounter the I CE-ing protests that have been spotted around …

This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Porsche's first full-production electric vehicle (EV), the Tayc…

Tesla slightly missed on its Model 3 deliveries in the fourth quarter. Annual deliveries for Model S and Model X vehicles also missed the mark. The electric-car maker announced a $2,000 price reduction for all the three vehicles in the US starting Wednesday. …

In the next two weeks $TSLA will drop to 240

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