Tesla Stock Tanks After Elon Musk Tweets Price Is 'Too High'
Tesla's stock price dropped sharply Friday, minutes after CEO Elon Musk tweeted "Tesla stock price is too high, IMO."
Watch CBS News
Tesla's stock price dropped sharply Friday, minutes after CEO Elon Musk tweeted "Tesla stock price is too high, IMO."
Tesla and SpaceX CEO Elon Musk is railing against stay-at-home orders meant to slow the coronavirus pandemic.
Tesla surprised investors and managed to eke out a small first-quarter net profit just as the coronavirus started to affect the electric car and solar panel maker.
Tesla is rolling out a new feature of its partially automated driving system designed to spot stop signs and traffic signals.
None of the ventilators promised by the Tesla CEO have been delivered to hospitals, according to the governor's office.
An email has revealed plans by Fremont-based Tesla to impose paycuts and furloughs starting next week as the automaker struggles with the current coronavirus shelter in place shutdown in California, according to a published report.
Tesla engineers are working on a ventilator made largely from car parts, according to a YouTube video the automaker posted on Sunday.
The Palo Alto-based company delivered 88,400 vehicles during the first three months of the year, based on preliminary numbers.
It didn't take long for a high-profile official to ask for Elon Musk's help after the Tesla and Space X CEO tweeted that his company could build ventilators currently in serious shortage as hospitals struggle to treat coronavirus patients.
An Apple engineer, who was killed two years ago in a fiery Tesla crash on a Silicon Valley freeway, was playing a video game on his smartphone at the time of the accident, the National Transportation Safety Board announced at a hearing Tuesday.
Tesla priced its second offering of stock at $767 apiece Friday.
Shares of Tesla Inc. fell just over 1 % in early trading Thursday after the electric vehicle and solar panel maker announced it would sell more than $2 billion worth of additional shares.
An Apple engineer who died when his Tesla Model X hit a concrete barrier on a Silicon Valley freeway had complained before his death that the SUV's Autopilot system would malfunction in the area where the crash happened.
Elon Musk has taken another swipe at Facebook.
Tesla's stock soared on Tuesday, continuing a remarkable rally in which the stock has soared for days, weeks and months.
Tesla posted its first annual profit, easily topping Wall Street's forecasts in the final three months of 2019.
The meteoric rise of Tesla shares that recently pushed the Bay Area company's value over $100 billion could turn into a supercharged payday for CEO Elon Musk.
The U.S. government's auto safety agency is looking into allegations that all three of Tesla's electric vehicles can suddenly accelerate on their own.
Elon Musk is getting close to the first big payday from his massive stock package.
Wall Street's current love for Tesla has lifted its shares to a level never before achieved by a US automaker.
Tesla's global deliveries rose more than 50% last year, meaning the Bay Area-based electric car company surpassed the low end of its sales goals for 2019.
Fifteen employees of the Bay Area-based electric carmaker become the first customers to receive Model 3s produced in China
Elon Musk's tweeted Friday that his Boring Company is completing its first commercial tunnel in Vegas from the Las Vegas Convention Center to the Strip before it works on other projects.
Tesla CEO Elon Musk once said he had a buyer that would take Tesla private at $420 a share.
Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when the Tesla CEO called him "pedo guy" in an angry tweet.
