Sound the alarm bells: it appears that some of the most fervent Tesla cultists could be beginning to stray from the path in what could be an ominous sign for an automaker that has relied heavily on its cult status to stay afloat.
Tesla is now more valuable than the combination of the world’s top seven traditional auto makers, despite only delivering half a million cars this year.
Tesla CEO Elon Musk says the US electric carmaker is exploring opportunities for establishing a presence in Russia and opening production lines in the country.
Last month, Tesla revealed to its Solar Roof customers that it would be raising the price of the feature due to "added adjustments for individual roof complexity." Since then, a number of customers have taken the company to court, including one Pennsylvania couple who claimed their initial contract went from $46,084.80 to $78,352.66.
US electric car producer Tesla has reportedly held off on plans to buy land to expand its plant in the Chinese province of Shanghai and turn it into the company’s global export hub, as uncertainty over US-China relations grows.
As we previewed earlier, Wall Street expectations from TSLA's earnings today are rather stratospheric, but as Bloomberg notes, even if the company misses big, the S&P 500 likely won’t be in the doldrums tomorrow because of it. Why? Simply put, the electric-vehicle maker matters less than other high-profile stocks in the broad market gauge.
U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.
