Wall Street’s convinced Tesla will need to raise more cash, and has some theories about how and when that may happen (TSLA)

Mark Brake/Getty Wall Street’s convinced Tesla will need to raise more cash, and has some theories about how and when that may happen Morgan Stanley says that in addition to a capital raise in 2018, Elon Musk may also need an outside partner for more financing.  Wall Street remains doubtful that Tesla will go through the […]

A group of researchers showed how a Tesla Model S can be hacked and stolen in seconds using only $600 worth of equipment (TSLA)

Alphr Researchers from KU Leuven university in Belgium demonstrated that hackers can secretly clone the key fob of a Tesla Model S and steal the car within seconds — and with only $ 600 worth of simple computing and radio equipment, WIRED reports. The researchers brought their findings to Tesla — which rewarded them for exposing […]

Tesla sinks after Elon Musk says the company will stay public (TSLA)

REUTERS/Aaron P. Bernstein Tesla will remain publicly traded, CEO Elon Musk announced over the weekend. Shares slid as much as 5% ahead of Monday’s opening bell, and are set to open down about 2.7%. The decision will allow the company to focus on Model 3 production and profitability, Musk said.  Follow Tesla’s stock price in […]

Wall Street analysts tore down a Tesla Model 3 and found ‘significant fit & finish issues’ (TSLA)

Tesla Tesla’s Model 3 beat out its electric competition from Chevrolet and BMW when it came to powertrain and electronics. But when it comes to fit and finish, UBS analysts said the car had significant manufacturing issues. The teardown engineers found missing bolts, loose tolerances, misaligned welds, and more. Follow Tesla’s stock price in real […]

Another Wall Street bank has dropped coverage of Tesla — and it could be a sign Elon Musk is making progress in taking the company private (TSLA)

Morgan Stanley has joined Goldman Sachs in restricting its research coverage of Tesla. Elon Musk is attempting to take the electric-car maker private and has begun tapping banks for services. Follow Tesla’s stock price in real-time here.  Morgan Stanley has dropped research overage of Tesla in what could be another sign of Elon Musk’s electric-car […]

Tesla employees say the main Model 3 production line has been shutting down early (TSLA)

Tesla Employees assembling Model 3 vehicles at Tesla’s Fremont factory on the GA3 line were sent home early from shifts this week, three Tesla employees told Business Insider.  One factory worker said the GA3 line, which is the main assembly line for Model 3 production, was sent home early on Wednesday without meeting goals. The worker said […]

Elon Musk says he’s hired Goldman Sachs to help take Tesla private — even though the bank’s analyst is one of the most bearish on Wall Street (TSLA)

Max Whittaker / Getty Images Elon Musk tweeted late Monday that he was “excited to work with Silver Lake and Goldman Sachs” in his plan to take Tesla private.  Goldman Sachs’ analyst is one of the most bearish Tesla analysts on Wall Street, with a “sell” rating and $ 210 price target — 40% below […]

Elon Musk reveals he is working with Goldman Sachs and Silver Lake to help take Tesla private (TSLA, GS)

Elon Musk said via Twitter Monday evening that he was working on a proposal with Goldman Sachs and Silver Lake as financial advisors to take Tesla private.   In a statement on Monday, Musk also shared more details about who might fund a deal to take Tesla private.  Musk said in the statement that a meeting with […]

‘It was, at best, hasty and naive, and, at worst, manipulative’: Experts slam Elon Musk’s confusing defense of why he tweeted ‘funding secured’ (TSLA)

Rebecca Cook / Reuters Tesla CEO Elon Musk released a statement on Monday in which he shed light on some of the questions raised last week by his statements about taking the company private. But Musk’s explanation is incomplete and raises new questions, experts say. Musk’s new statement doesn’t back up his claim last week […]

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, HOG)

Reuters/Osman Orsal Here is what you need to know.  Turkey’s central bank promises ‘all necessary measures’ to save its financial system. “The Central Bank will closely monitor the market depth and price formations, and take all necessary measures to maintain financial stability, if deemed necessary,” the Central Bank of the Republic of Turkey said Monday. The Turkish […]