Tesla is poised to survive 2020’s worst economic shocks; other automakers, not so much

Just before being proven wrong by Tesla’s first-quarter delivery and production numbers, TSLA bears were hard at work, spreading the now-aging narrative that the company’s electric cars will soon see a drop in demand. Hours before Tesla released its numbers, short-seller Jim Chanos even remarked that he remains “maximum short TSLA,” arguing that the company […]

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Tesla (TSLA) surges after beating Q1 estimates with Model 3/Y deliveries

Tesla stock (NASDAQ:TSLA) is on a tear after the electric car maker exceeded expectations by delivering a total of 88,400 vehicles in the first quarter, rising up to 15% on Friday’s pre-market. The figures were impressive considering the adverse effects of the coronavirus pandemic in March. They were also around 10% more than Wall St’s […]

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Tesla nails best ever Q1 as Model Y and Model 3 lead first quarter deliveries

Tesla (NASDAQ: TSLA) has formally released its production and delivery figures for the first quarter of 2020, noting its performance as “our best ever first-quarter performance” ever. Between January to March, Tesla produced a total of 102,672 vehicles. The company also delivered approximately 88,400 in the United States and other territories within the first quarter […]

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Tesla’s Q1 2020 production and delivery estimates: What Wall St is expecting

Tesla (NASDAQ: TSLA) is preparing to release its delivery numbers for the first quarter of 2020 later this week. Analysts listed by FactSet have solidified their estimates as to how many electric vehicles the company has delivered during the first three months of the year. Rob Maurer of the Tesla Daily Podcast described the numerous […]

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Tesla CEO Elon Musk commits to support of NYC in coronavirus relief efforts

New York City Mayor Bill de Blasio extended words of gratitude toward CEO Elon Musk on Friday, in response to Tesla’s commitment to donate ventilators to New York, which has become the epicenter of coronavirus cases in the US. “You’re most welcome. Credit to the Tesla team. Will do our best to help in any […]

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Tesla has an edge over other automakers during the COVID-19 crisis

Detroit veteran and automotive industry legend Sandy Munro believes Tesla will rebound from the current economic crisis due to the coronavirus pandemic quicker than any other automaker. Munro shared his ideas on why he feels Tesla will emerge more reliably than any automaker during a recent interview with E for Electric’s Alex Guberman. “Tesla, because […]

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Tesla (TSLA) is best bought on recent ‘market dislocation,’ says Wall St

Tesla stock (NASDAQ:TSLA) recently received an updated outlook from Piper Sandler, with analyst Alexander Potter emphasizing the electric car maker’s long-term perspective in a recent note. According to the analyst, TSLA should be bought on current “market dislocation,” particularly as the electric car maker’s overall prospects remain stable. Potter actually lowered Piper Sandler’s price target […]

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Tesla stock (TSLA) has surged 40% in a week

Tesla stock (NASDAQ:TSLA) has surged 40% over the past seven days. Tesla’s recovery comes amidst some updates from Wall Street about the electric car maker’s short-term and long-term prospects. In a note earlier this week, Argus Research analyst Bill Selesky cut his rating on TSLA stock from “Buy” to “Hold.” Explaining his new outlook, Selesky […]

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Tesla confirmed as Medtronic partner in ventilator production

Tesla will begin manufacturing ventilators made by medical equipment company Medtronic in an effort to address the medical supply shortage due to the COVID-19 coronavirus outbreak. Medtronic CEO Omar Ishrak appeared on a televised episode of CNBC’s “Squawk on the Street” on the morning of March 25 to talk about his company’s ramping efforts to […]

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Tesla to suspend production at Fremont and Buffalo factory beginning March 24

Tesla will temporarily suspend production at its factory in Fremont, California and Buffalo, New York beginning on March 24 in response to local “shelter in place” mandates to prevent the spread of coronavirus, said the company on Thursday. The company notes that operations at its Nevada factory, along with its other facilities including its service […]

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