|Bid||210.00 x 800|
|Ask||210.01 x 2900|
|Day's Range||210.96 - 222.24|
|52 Week Range||208.92 - 387.46|
|Beta (3Y Monthly)||-0.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||283.32|
Albemarle is swiftly expanding its lithium business. Electric-car maverick Tesla's commodity outlook suggests that's the right plan.
Musk, Tesla’s chief executive officer, wrote in an email to staff late Thursday that he and new Chief Financial Officer Zachary Kirkhorn will review “literally every payment” that leaves the company’s coffers to confirm that expenditures are critical.
The memo says that $2 billion in fresh funding would only cover 10 months of business at the company's first-quarter burn rate.
Shares in Tesla dipped more than 5% on Friday, after a U.S. safety regulator found its Autopilot system was engaged during a fatal Model 3 crash earlier this year. Elon Musk sent out a companywide email Thursday cautioning employees to take extreme measures to control costs. The Tesla CEO vowed to "Personally review and sign" every 10th page of outgoing payments.
The NTSB says Tesla's Autopilot technology was "active" at the time of a fatal crash in March. The crash took place in Delray Beach, Florida, and killed the car's 50-year-old driver. Tesla shares have been on a steady decline since late 2018.
After Tweets, Elon Musk’s Email Wreaks Havoc on Tesla StockTesla has fallen in the last couple of daysTesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they’ve recouped their losses, and
(TSLA) stock fell in early Friday trading as investors digested reports that the company was undergoing some “hard-core” cost management not long after it took in more than $2 billion in fresh funding. Tesla stock (ticker: TSLA) was recently down 3.8% to $219.60, tapping 52-week lows intraday. Late Thursday, Electrek reported on an internal email in which CEO Elon Musk said executives—up to and including himself and Chief Financial Officer Zach Kirkhorn—would be closely reviewing every payment.
Tesla Decides to Tighten Belt in Pursuit of Sustainable ProfitsElon MuskTesla (TSLA) CEO Elon Musk has announced that Tesla will tighten its belt amid its cash burn. Tesla had $2.2 billion of cash and cash equivalents at the end of the first
Check out the companies making headlines before the bell: Deere DE — The heavy equipment maker reported quarterly profit of $3.52 per share , 10 cents a share below estimates. Revenue exceeded analysts' expectations.
Weeks earlier, a video on Chinese social media platforms showed a Tesla bursting into flames in a Shanghai garage. “Battery combustion is a very serious incident for consumers, and it could lead to consumer aversion to electric vehicles,” Automotive Energy Supply Corp., whose batteries power about 430,000 Nissan Motor Co. vehicles, said in an email.
A SpaceX launch already scrubbed once due to inclement weather was postponed again nearly 24 hours later on Thursday, this time for "about a week," in order to update satellite software and "triple-check everything," Elon Musk's rocket company said. The delayed mission is designed to carry into low-Earth orbit an initial batch of 60 satellites for Musk's new Starlink global internet service, a venture intended to generate cash for the rest of the billionaire entrepreneur's space exploration ambitions. "Standing down to update satellite software and triple-check everything again," the company said.
Tesla earlier this month closed a $2.7 billion offering of stock and convertible notes, giving it much needed cash as it ramps up production. Musk in an email to employees, seen by Reuters, said its net proceeds from the offering gave Tesla only 10 months to achieve breakeven at the rate it was burning cash in the first quarter. "That is why, going forward, all expenses of any kind anywhere in the word, including parts, salary, travel expenses, rent, literally every payment that leaves our bank account must (be) reviewed," Musk said.
Tesla Inc Chief Executive Officer Elon Musk told employees on Thursday that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker. Tesla earlier this month closed a $2.7 billion offering of stock and convertible notes, giving it much needed cash as it ramps up production. Musk in an email to employees, seen by Reuters, said its net proceeds from the offering gave Tesla only 10 months to achieve breakeven at the rate it was burning cash in the first quarter.
Walmart rose 1.4% after its first-quarter results beat analyst expectations. "If you look at the overall economy, we're in a fundamentally strong position and this is a reinforcement of that," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. Washington placed Huawei Technologies Co on a blacklist which bans it from acquiring components and technology from U.S. firms without prior approval.