Jan Petter Sissener is not a careless investor. Being one of short-sellers betting against Tesla stock (NASDAQ:TSLA), the Norwegian businessman and hedge fund manager has been rewarded in the past due to dips in the electric car maker’s stock. During the third quarter, though, things did not go according to plan, and Sissener Canopus, the […]
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The $34 million gives The Nothing Of Tesla another 56,915 stocks. Elon Musk is doing everything he can to prove everybody else wrong. The company recently made strides in both production and delivery numbers, and seemingly, they’re taking away production and the delivery hell away. And wow, Elon Musk has bought another batch of Tesla […]
It might not last for long, but this literally just happened. The big news a while back was Tesla overtaking Ford. Now, the electric automaker has surpassed yet another legacy carmaker in value. In Q3, Tesla reported its first-ever profit. Shortly thereafter, BMW reported reduced profits on the grounds of high spending for research and […]
Effective immediately, finance veteran and longtime board member Robyn Denholm will be the Chair of Tesla’s Board of Directors, replacing outgoing Chairman Elon Musk. The appointment, which was announced late Wednesday, was posted on the company’s official blog. Robyn Denholm has been a member of Tesla’s Board since 2014, a time when the electric car […]
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Amidst Tesla’s continuous rise, its disruption of the car industry is becoming more prevalent. This point was reiterated recently by a major Tesla shareholder, who noted that legacy automakers, with their decades of experience, might be facing their very own “Kodak moment.” In a recent statement to Morningstar UK, Baillie Gifford manager Iain McCombie remarked […]
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Tesla’s third quarter financial results were a pleasant surprise to Wall Street. In the days and weeks leading up to the company’s earlier-than-expected third-quarter earnings call, speculations were high that Tesla would either break-even, or post a very small profit. Neither happened, as the electric car maker posted $6.8 billion in revenue, beating earnings estimates […]
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Tesla shares (NASDAQ:TSLA) have shown some recovery since the electric car maker pleasantly surprised Wall Street last week, when it posted $6.8 billion in revenue and beat earnings estimates with a GAAP profit of $312 million in the third quarter. The company’s shares, while still volatile, appear to be holding their gains, amidst new signs […]
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After posting blockbuster quarterly results that pleasantly surprised Wall Street on Wednesday, Tesla has shown renewed signs that its Model 3 production ramp is gaining strength. On early Thursday, Tesla registered its largest single batch of Model 3 VINs yet, comprised of 13,629 vehicles, all of which are estimated to be RWD. With this latest […]
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Tesla surprised Wall Street on Wednesday after revealing a $312 million profit and Model 3 margins of more than 20% for the third quarter. Amidst another earnings call that featured a controlled, calm Elon Musk, the market’s optimism with Tesla was palpable, as shown by TSLA shares’ rise in Wednesday’s after-hours and Thursday’s pre-market trading. […]
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Tesla’s third-quarter earnings for 2018 saw the California-based carmaker beat Wall Street revenue estimates after posting $6.8 billion in revenue and beating earnings estimates with a GAAP profit of $312 million. The results, which were posted in an Update Letter to investors after the closing bell on Wednesday, October 24, showed third-quarter earnings of $1.75 […]
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