“Overall, the Street was expecting an apocalyptic quarter and Model 3 deliveries were better than feared by many,” said Wedbush analyst Daniel Ives, who noted the overall number was “clearly rocky.”
China’s customs authority has lifted their suspension on imports of Tesla’s Model 3 after the U.S. electric car maker made the necessary rectifications.
Tesla said the worldwide price hikes will apply to the more expensive variants of Model 3, Model S and Model X, and there will be no price increase to the $35,000 Model 3.
Trump’s tweet did not give any further detail about the tariff cuts, such as when the deal had been reached or a new level for the Chinese levies.
The tweet, sent late Friday evening less than an hour before Musk tweeted that he would take a break from Twitter “for a few days,” was in response to a question from a Twitter follower.
The securities fraud agreement, disclosed by the U.S. Securities and Exchange Commission on Saturday, will come as a relief to investors.
Tesla's Elon Musk provoked another twitter storm on Friday by briefly smoking marijuana on a live web show with comedian Joe Rogan
Tesla’s shares already had fallen nearly 10 percent below their level on Aug. 7, just before Musk tweeted that he had “funding secured” for a buyout at $420 a share.
Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take the luxury electric car maker private.
Musk did not just catch investors and analysts off guard earlier this month by announcing on Twitter he was considering taking the U.S. electric car maker private.
The talks between privately-held Lucid Motors and PIF underscore the latter’s appetite to invest in electric car makers to diversify the oil-rich Middle Eastern kingdom’s investment portfolio.
Musk stunned investors last Tuesday by announcing on Twitter that he was considering taking Tesla private in a potential $72 billion transaction and that “funding” had been “secured.”
The fund also voted against the re-election of board member Antonio Gracias, but backed the reappointment of James Murdoch as well as Elon Musk’s brother Kimbal.
Tesla Inc on Thursday reached an agreement to settle a class action lawsuit with buyers of its Model S and Model X cars.
The carmaker will lower prices of its Model S and Model X cars by just over 6 percent, a Beijing-based sales representative told Reuters on Wednesday.
Electric carmaker Tesla has confirmed its "Autopilot" feature was engaged during a fatal crash last week.
Tesla Inc said on Friday that a Tesla Model X involved a fatal crash in California last week had activated its Autopilot system.
The numbers behind Tesla Inc’s long-distance Semi electric trucks are close to making sense for haulers looking at a shift away from diesel.
Some potential buyers of Tesla’s long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives.
Luxury electric vehicle maker Tesla Inc fired between 400 and 700 employees this week, including engineers, managers and factory workers.