Tesla Shares Drop after Mediocre Model Y Reveal

Tesla’s Model Y reveal, led to a mostly unimpressed audience and unenthused investors. Does the largely hype-less response show a market well-addressed or indicate declining interest? A definite sign in shareholder interest is the TSLA share price decline following the announcement. Tesla expects to see a rise in demand for the Model Y of at least 50% over the model 3—or at least, Musk expects the spike in demand. But what makes him so sure it will come? One thing which may clue him in: Tesla’s E-SUV, the model X,…

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There’s a $1.6 Billion Problem with Elon Musk’s Plan to Close Tesla Stores

In a complete reversal, Tesla revealed that it would work to move all sales online, just a year after touting the expansion of Tesla stores and galleries. Tesla Backtracks on Retail Store Expansion The 2017 annual report published in February 2018 read: “Our Tesla stores and galleries are highly visible, premium outlets in major metropolitan markets, some of which combine retail sales and service. We have also found that opening a service center in a new geographic area can increase demand. As a result, we have complemented our store strategy…

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Tesla’s Entire Board Sued over Elon Musk’s Trigger-Happy Twitter Thumbs

Billionaire Elon Musk and all 11 members of Tesla’s board of directors have been named in a shareholder lawsuit claiming the Tesla CEO’s “unchecked misstatements on Twitter” have harmed the company. The lawsuit was filed March 8 in the Delaware Court of Chancery by the Laborers’ District Council and Contractors’ Pension Fund of Ohio, a Tesla shareholder. The plaintiffs seek a declaratory judgment and a permanent injunction against Musk over “his unchecked use of Twitter to make inaccurate statements about the company.” They are also pursuing an unspecified amount in…

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Will Alleged Model 3 Design Flaw Sink Tesla Stock?

It seems that Tesla just can’t catch a break. Following charges from the Security and Exchange Commission (SEC) that could force Elon Musk to temporarily step down as CEO, the company’s vehicles are allegedly having more than a little trouble staying clean. A Glitch in the Tesla System A design flaw may be causing debris to become trapped in the vehicles’ underbody panels. Auto shop owner Eric Bolduc has commented that he’s found dirt, water, and sand in the back of every Tesla Model 3 he’s worked on, removing as…

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Dogecoin Creator Helps Elon Musk Eliminate Ethereum Scammers on Twitter

Elon Musk, the acclaimed founder and CEO of Tesla and SpaceX, recently reached out to Dogecoin creator and Adobe product lead Jackson Palmer to eliminate Ethereum giveaway scammers on Twitter. For many months, ETH giveaway scams have plagued Twitter by spamming messages on the feed of public figures in and outside of the crypto sector The post Dogecoin Creator Helps Elon Musk Eliminate Ethereum Scammers on Twitter appeared first on CCN

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Elon Musk Reveals Personal Crypto Holdings

The post Elon Musk Reveals Personal Crypto Holdings appeared first on CCN Elon Musk has revealed his personal cryptocurrency holdings. The billionaire CEO of SpaceX and Tesla told Twitter followers that he in fact has never purchased cryptocurrency, and only holds a small amount of Bitcoin gifted by a friend. Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from … Continued The post Elon Musk Reveals Personal Crypto Holdings appeared first on CCN

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