Elon Musk To Tesla Shareholders
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The "affordable" models, introduced this month, represent a bet by Elon Musk that Tesla can increase overall sales and earnings by driving volume.
A lot’s at stake for Tesla this week. The EV giant is slated to drop its Q3 results on Wednesday, Oct. 22, with the call likely to reset expectations for both its car business and the bigger-than-cars story investors are betting on.
Tesla's diner is mostly a gimmick, but the integration of food ordering and driving points the way to a better energy experience when outside the city
Shares of Tesla have nearly doubled over the past year. It's a sharp contrast to the fundamentals. Revenue over the past 12 months has declined 3%, with a double-digit dip across all profitability metrics. As bad as things have been, things could be about to get worse.
On Oct. 17, proxy advisor firm Institutional Shareholder Services urged shareholders to vote "no" on the pay package, potentially be worth $1 trillion, that Tesla TSLA has proposed for CEO Elon Musk.
Where to next for Tesla? Investors, at least for now, have signaled that they're willing to look at the longer-term picture.
Tesla has quietly removed key cards from new owner manuals, suggesting the end of the free accessory as the company looks to cut costs.
According to Courthouse News Service, Ricardo Lara's office issued enforcement actions against Tesla Insurance Services and Tesla Insurance Company. The companies are accused of ignoring repeated warnings about inadequate staffing and putting profits above customer service.