Tesla

Tesla recently published “An Update to Our Vehicle Lineup” on the company blog, making several tweaks to the Model 3 product line. Tesla is embracing the characteristics of blitzscaling — a net positive for the company. Autopilot will now come…

Tesla announced first quarter 2019 production and delivery numbers on Wednesday evening. Here are our key takeaways: As expected, logistics difficulties in China and Europe caused a miss on deliveries. Tesla delivered 63k total vehicles vs Street expectations of 75k.…

We’re expecting bad news from next week’s release of Tesla’s Mar-19 production and delivery numbers. Challenging logistics will likely impact vehicles in transit to Europe and China, along with a potential step down in US demand as the EV tax…

Our long-term confidence in the Tesla story is unchanged. What’s new is our belief that the next year will bring more challenges than we had expected. If accurate, this will weigh on shares of TSLA. Previously, we had felt that…

Last night Tesla announced that the Model Y would be available in 2020. This morning we published a note indicating that the timing of Model Y was later than we expected. We also said, “This timing likely implies the company is…

The Tesla Model Y event went largely as expected (see our preview here). To our surprise, Model Y initial shipments will begin in the fall of 2020, a year later than we had anticipated. This timing likely implies the company…

Tesla unveils the Model Y tonight at 8PM PT. You can watch the stream here. The Model Y is important because entering the SUV/cross over market effectively doubles Tesla’s addressable market, but we caution it will likely take two years…

In September of last year, Volkswagen unveiled the electric vehicle platform they developed called the MEB. In a rare move in the auto-industry, they decided to open it to other manufacturers. Today, they announced the first user of the platform.…

This afternoon, Tesla announced that the long-promised $35k configuration of the Model 3 is available for order immediately. This is perhaps the most significant event for the US EV market since the announcement of the Model 3 in 2016. The…

Tonight, the SEC asked a judge to hold Elon Musk in contempt for tweeting that Tesla would produce 500k cars in 2019. The message was not approved by the company beforehand, which is one of the conditions from Musk’s settlement with the SEC…

Tesla reported Dec-18 mixed results, beating revenue but missing earnings. Shares are down 4% after hours, reacting mostly to news of CFO Deepak Ahuja leaving the company. Bottom line: the company’s fundamentals are trending in the right direction, and the list…

Believers in the Tesla story are accustomed to having their faith tested. Last week’s 7% headcount reduction, what appears to be an upcoming revenue and earnings guide down for Mar-19, and pending $920M debt payment due in March emphasize that point.…