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Tesla cuts number of standard colour options in bid to streamline production
15 September 2018, 12:02 | Cameron Gross
Tesla shares slip as analyst calls company "uninvestable"
Tesla Inc TSLA.O will eliminate some colour options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production. This serves to reflect the value of the electric cars as well as for them implement a more efficient manufacturing process. The former CFO of Seagate, stated in a letter that "since I joined Tesla on August 6, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations", Morton said in the filing. Tesla's head of investor relations Martin Viecha facilitated the tour, while also provided some updates on the company's upcoming projects.
More than $9 billion of Tesla's debt is scheduled to mature before 2025, including a total of $2.7 billion this year and next, according to a Goldman Sachs research report that called the company's balance sheet "concerning". That strategy paid off as Tesla built a huge lead in the electric vehicle race, although that position is under assault from intense competition by rival manufacturers such as Mercedes-Benz and Ford.
"Longer-term, however, we remain neutral on Tesla, as we believe the stock is unlikely to meaningfully break out of this range until investors get clarity on normalized Model 3 gross margins/profitability, as well as product quality", stated Sacconaghi.
Much of that anticipated growth, Musk said, would come from production of the Model 3, Tesla's first affordable auto designed for mass production. Shares rose 8.5% on Monday following that note's release.
Tesla has been under even more scrutiny than usual since Musk tweeted on August 7 that he was considering taking Tesla private at $420 a share and had "funding secured". Musk pushed back that timeline in June, saying Tesla would start making $35,000 Model 3s near the end of 2018 and aim for mass production in 2019.
It's no secret that high-tech automaker Tesla has faced all sorts of challenges lately. She joined Tesla only 16 months ago.
"We could raise money, but I think we don't need to, and I think it's better to just not", Musk said.
Tesla said it manufactured 2,020 Model 3 vehicles in the last week of its first quarter after targeting 2,500.
Trump signs order on sanctions for U.S. election meddling
Congress is also considering several pieces of legislation that would punish foreign countries for interfering in USA elections. Bolton said, but the White House wants to move fast. "So I think this order is a further demonstration of that", he added.
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The Apple Watch Series 4 will feature a larger screen , more than 30% larger than previous generations, as well as a thinner body. There's no home button on any of them - love it or hate it, Apple is putting the fingerprint reader permanently out to pasture .
Bradley wins BMW Championship after playoff
Still to be determined is the penalty. "I assume it will either be a fine or I m adding some events in the fall", Spieth said. He had his fourth back surgery in April of last year, and at this time last year he had just been cleared to chip and putt.
China will not "surrender" to U.S. demands in trade talks
His remarks come as China and the United States may return to the negotiating table with the threat of new USA tariffs looming. Economists and traders have become increasingly skeptical that China's economy can support its rapid development.