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☆ Tesla reports earnings after the bell Wednesday
▼ + stars: | 2023-01-25 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)Electric vehicle maker Tesla plans to report fourth-quarter results after market close on Wednesday. Here's what analysts were expecting as of Wednesday morning, according to Refinitiv:Earnings (adjusted): $1.13 per shareRevenue: $24.16 billionIn the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings of $2.52 per share. Tesla reported 405,278 vehicle deliveries and production of 439,701 vehicles in the period ending December 31, 2022. Tesla solicits questions ahead of their earnings calls via a site called Say.com from both retail and institutional investors.

☆ Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
▼ + stars: | 2023-01-24 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla plans to spend $3.6 billion more on expanded battery and heavy duty truck manufacturing in Nevada, the company said Tuesday on social media. It wasn't immediately clear whether Tesla's plans expand the company's manufacturing footprint beyond the property it is already developing outside of Reno in Sparks, Nevada. Tesla began construction of its first battery factory in Nevada in 2014. Joe Lombardo revealed details about Tesla's plans for expansion in the state early on Monday. Tesla CEO Elon Musk held a ceremony in Nevada in December to kick off deliveries of the company's Tesla Semi to a key early customer, PepsiCo .

☆ Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018
▼ + stars: | 2023-01-23 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Elon Musk told a San Francisco federal court on Monday that he could have sold shares of SpaceX to take Tesla private in 2018. Trading in Tesla was halted after his tweets, and its share price remained volatile for weeks. Musk said under oath, "SpaceX stock alone meant 'funding secured' by itself. I sold Tesla stock to complete the Twitter transaction. Musk recently became the CEO of social media business Twitter after leading a $44 billion leveraged buyout of the company in October 2022.

☆ Elon Musk defends his old tweets in securities fraud trial in San Francisco
▼ + stars: | 2023-01-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +1 min

Tesla CEO Elon Musk appeared in a San Francisco federal court on Friday to defend tweets he posted to his tens of millions of followers in August 2018. The SEC charged Musk and Tesla with civil securities fraud after the tweets. Musk said under oath on Friday that it's difficult to link Tesla's stock price to his tweets. "There have been many cases where I thought that if I were to tweet something, the stock price would go down," Musk said. "For example, at one point I tweeted that I thought that, in my opinion, the stock price was too high...and it went went higher, which was, which is, you know, counterintuitive."

☆ Twitter is down to fewer than 550 full-time engineers
▼ + stars: | 2023-01-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Twitter's full-time headcount has dwindled to approximately 1,300 employees, including fewer than 550 full-time engineers by title, according to internal records viewed by CNBC. Around 75 of the company's 1,300 employees are on leave including about 40 engineers. The company's trust and safety team, which makes policy recommendations, design and product changes with the aim of keeping all of Twitter's users safe, is down to fewer than 20 full-time employees. Before Musk led a $44 billion leveraged buyout of Twitter last year, Twitter's headcount stood at about 7,500 employees. Since taking over Twitter, Musk has faced a shareholder backlash at Tesla for being distracted, for stirring up political controversy with his strategy at Twitter, and for selling billions of dollars worth of his Tesla shares to finance his Twitter takeover.

☆ Amazon discontinues charity donation program amid cost cuts
▼ + stars: | 2023-01-18 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company's broader cost-cutting efforts. Through the program, called AmazonSmile, the e-retailer donates a percentage of eligible purchases on the site to the shoppers' chosen charity organization. Amazon said it has donated roughly $500 million to charities since the program launched in 2013. Amazon now plans to wind down AmazonSmile by Feb. 20, the company said in a notice to customers posted to its website. "After almost a decade, the program has not grown to create the impact that we had originally hoped," the company said.

☆ Winners and losers in electric vehicles as Tesla possibly ignites a price war
▼ + stars: | 2023-01-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Yet Tesla has the upper hand when it comes to being able to afford those price cuts, suggested Jefferies analyst Philippe Houchois. Both Murphy and Wells Fargo's Langan see a more challenging time ahead for Ford and General Motors as a result of Tesla's price cuts. However, Societe Generale believes Tesla price cuts remove some of the mystery that has surrounded it, and could refocus attention on positive moves by legacy automakers. One clear winner from stronger EV demand is auto suppliers, Bank of America's Murphy wrote. 'Torn' on TSLA Analysts were also quick to point out that Tesla's price cuts will no doubt affect its own bottom line.

☆ Want a Tesla alternative? Analysts and fund managers reveal their top EV stocks
▼ + stars: | 2023-01-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Now, a precipitous plunge in its share price in 2022 puts its value well under $400 billion. At the end of last week, the EV maker cut prices in the U.S. and throughout Europe in what's being viewed as an effort to boost sales volumes. But there have also been some self-inflicted pains too: the long-running Twitter saga ; Musk's massive sale of Tesla shares ; and a capacity expansion in the face of slowing demand. Tesla alternatives For Deutsche Bank, Chinese EV maker Nio is the only pure-play name among its top automotive picks for 2023. Nio shares ended Friday at $11.81, down over 60% over the last year.

☆ Tesla cuts prices in the U.S. and Europe to stoke sales after lackluster year-end deliveries
▼ + stars: | 2023-01-13 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

The Tesla Model Y (left) and Model 3 electric cars at the company's official launch event in Bangkok on Dec. 7, 2022. The Model Y is categorized by some as an SUV and others as a crossover. However, the move in the U.S. may help Tesla qualify for more federal EV tax credits, and stoke sales volume here and abroad, after competition and interest rates increased. In Europe, Tesla cut prices on its Model 3 and Model Y vehicles in Austria, France, Germany, the Netherlands, Norway, Switzerland and the U.K.Reuters reported that in Germany, Tesla cut prices on the Model 3 and the Model Y from 1% to around 17%, depending on the configuration. Tesla's Model 3 was the bestselling electric vehicle in Germany in December 2022, followed by the Model Y.

☆ Tesla plans to spend more than $770 million on Texas factory expansion
▼ + stars: | 2023-01-10 | by ( Lora Kolodny | ) www.cnbc.com time to read: +1 min

A giant cowboy boot is on display outside the Tesla Giga Texas manufacturing facility during the "Cyber Rodeo" grand opening party on April 7, 2022 in Austin, Texas. Tesla has registered with the state of Texas to expand its electric vehicle factory in Austin this year. January filings with the Texas Department of Licensing and Registration reveal that Tesla plans to spend upwards of $770 million on the construction of facilities there, including for battery cell testing and manufacturing, cathode and drive unit manufacturing, and a die shop, among other things. The Elon Musk-led automaker officially opened its Texas electric vehicle and battery factory in April 2022, hosting a "cyber rodeo" party for shareholders and fans there. Today, Tesla manufactures some of its Model Y crossover utility vehicles in Austin, and plans to mass-manufacture its science fiction inspired Cybertruck, an unconventional pickup, there as well.

☆ Nurses strike: Mount Sinai NICU mom stays by her son's side in hospital after his primary nurses leave to strike
▼ + stars: | 2023-01-10 | by ( Celina Tebor | ) edition.cnn.com time to read: +4 min

Her one-year-old baby, Logan, has been in the neonatal intensive care unit (NICU) since he was born. For the past three and a half months, he’s been under the care of Mount Sinai Hospital where thousands of nurses are currently striking. But since Mount Sinai’s nurses began picketing Monday, new travel nurses have replaced Logan’s primary care nurses – nurses who don’t fully understand her son’s needs, she said. Lora Ribas' son Logan, seen at Mount Sinai with Shernette, a primary care nurse caring for the one-year-old neonatal intensive care unit patient. Transporting infantsIn preparation for the strike, Mount Sinai announced Friday it would transport newborns in its intensive care unit to other area hospitals.

☆ Elon Musk attorneys try to move trial from California to Texas, citing ‘local negativity’
▼ + stars: | 2023-01-07 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +3 min

Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors and citing “local negativity” toward Musk. That year, Musk resided in California and Tesla was headquartered in Palo Alto. In a recent public appearance in San Francisco, Musk was booed after comedian Dave Chappelle invited him on stage. The Tesla CEO has repeatedly claimed that he made a handshake deal with investors from Saudi Arabia’s Public Investment Fund to take Tesla private at $420 per share. Text messages revealed in another trial in 2022 suggested Saudi PIF investors had not fully agreed to fund a Tesla deal.

☆ Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
▼ + stars: | 2023-01-07 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won't be able to find unbiased jurors and citing "local negativity" toward Musk. That year, Musk resided in California and Tesla was headquartered in Palo Alto. In a recent public appearance in San Francisco, Musk was booed after comedian Dave Chappelle invited him on stage. Musk and his attorneys have previously argued that his statements about a possible take-private deal for Tesla in 2018 did not violate the law. The Tesla CEO has repeatedly claimed that he made a handshake deal with investors from Saudi Arabia's Public Investment Fund to take Tesla private at $420 per share.

Twitter accounts that offer to trade or sell child sexual abuse material under thinly veiled terms and hashtags have remained online for months, even after CEO Elon Musk said he would combat child exploitation on the platform. The tweets reviewed by NBC News offer to sell or trade content that is commonly known as child pornography or child sexual abuse material (CSAM). The tweets do not show CSAM, and NBC News did not view any CSAM in the course of reporting this article. The problem has been pervasive enough to catch the attention of some Twitter users. In 25 tweets, users tagged Musk using at least one of the major hashtags to alert him to the content.

☆ Tesla shares tumble following deliveries report
▼ + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.nbcnews.com time to read: +3 min

Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts’ estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Those more recent estimates were in line with a company-compiled consensus distributed by Tesla investor relations Vice President Martin Viecha. Some Wall Street analysts think Tesla’s deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023.

☆ SpaceX raises $750 million at a $137 billion valuation
▼ + stars: | 2023-01-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpaceX raises $750 million at a $137 billion valuationCNBC's Lora Kolodny joins 'Power Lunch' to report on Elon Musk's SpaceX and its recent raise of $750M at a $137B valuation.

☆ Tesla shares tumble 10% following deliveries report
▼ + stars: | 2023-01-03 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Shares of Tesla dropped 10% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. The company reported 405,278 total deliveries for the quarter and 1.31 million total deliveries for the year. According to a consensus of analysts' estimates compiled by FactSet, as of Dec. 31, 2022, Wall Street was expecting Tesla to report around 427,000 deliveries for the final quarter of the year. Some Wall Street analysts think Tesla's deliveries miss spells trouble for the electric vehicle maker, but others see a buying opportunity for the company in 2023. "We believe key debates from here will be on whether vehicle deliveries can reaccelerate, margins and Tesla's brand," the analysts said.

☆ SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz
▼ + stars: | 2023-01-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Elon Musk's re-usable rocket maker and satellite internet company, SpaceX, is raising $750 million in a new round of funding that values the company at $137 billion, according to correspondence obtained by CNBC. Last month, the Wall Street Journal reported that SpaceX was allowing insiders to sell at $77 per share, which would have put the company's valuation near $140 billion. The company raised more than $2 billion in 2022, including a $250 million round in July, and was valued at $127 billion during an equity round in May, CNBC previously reported. According to an e-mail sent to prospective SpaceX investors, Andreessen Horowitz (also known as a16z) will likely lead the new funding round. A16z also participated in Elon Musk's leveraged buyout of Twitter, a $44 billion deal that closed in late October 2022.

☆ Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
▼ + stars: | 2023-01-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 millionDeliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. In its third-quarter shareholder presentation, Tesla wrote: "Over a multi-year horizon we expect to achieve 50% average annual growth in vehicle deliveries. Shares of Tesla started to rise again in the final days of December 2022, in anticipation of record fourth-quarter and full-year deliveries.

☆ Elon Musk tells Tesla employees don’t be 'bothered by stock market craziness'
▼ + stars: | 2022-12-29 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +2 min

After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be “too bothered by stock market craziness.”Musk circulated the comments on Wednesday in a companywide email, which CNBC obtained. Tesla shares have declined about 68% for the year, though they rose 3.3% on Wednesday to $112.71. The stock is down 42% in December, and is poised to close out its worst month, quarter and year on record. In the email, Musk thanked Tesla employees for their work in 2022, encouraged them to push hard for a strong fourth-quarter finish, and asked them to “volunteer to help deliver” cars to customers before midnight on Dec. 31, if at all possible. The Tesla and SpaceX CEO sold tens of billions of dollars worth of shares in his electric vehicle company in 2022 to finance the $44 billion buyout of the social media company.

☆ Musk to Tesla staff: Don't be too bothered by stock market craziness
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMusk to Tesla staff: Don't be too bothered by stock market crazinessCNBC's Lora Kolodny reports on Elon Musk's recent note to staff at Tesla.

☆ Elon Musk tells Tesla employees don't be 'bothered by stock market craziness'
▼ + stars: | 2022-12-28 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long selloff, CEO Elon Musk told employees not to be "too bothered by stock market craziness." Tesla shares have declined about 68% for the year, though they rose 3.3% on Wednesday to $112.71. The stock is down 42% in December, and is poised to close out its worst month, quarter and year on record. Here's the text of the email Musk sent to Tesla employees on Wednesday:From: Elon MuskTo: EverybodySubj. Thanks,ElonBtw, don't be too bothered by stock market craziness.

☆ Tesla's stock is headed for its worst month, quarter and year on record
▼ + stars: | 2022-12-27 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

Elon Musk's electric car company is days away from closing out its worst month, quarter and year on record and has moved past Meta to become the worst-performing stock in 2022 among the most valuable tech companies. For the month of December, Tesla has plunged 43%, by far its worst month ever, as it had never fallen more than 25% in a single month. And in the fourth quarter, the stock is down 58%, worse than its 38% drop in the second quarter of this year, which had been its worst period on record. Those discounts came after the automaker offered incentives in mainland China for December auto sales earlier this month. Twitter is bleeding cash, and Musk is selling Tesla stock in big chunks.

☆ Tesla under investigation by NHTSA for two more crashes that may have involved Autopilot or FSD
▼ + stars: | 2022-12-22 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla offers a standard driver assistance package called Autopilot in all its new cars today. Another recent crash added to NHTSA's list involved a 2020 Tesla Model 3, the company's entry-level sedan. According to data obtained from NHTSA by CNBC, the agency is looking into at least 41 crashes involving Tesla vehicles where automated features such as automatic emergency braking, or more extensive driver assistance system features included in Autopilot, FSD, and FSD Beta were involved. The California DMV has accused Tesla of engaging in false advertising around its driver assistance systems. Amid tough economic conditions, Tesla has recently offered steep discounts on its cars in the US, Canada, Mexico and China.

"Elon Musk is doing Elon Musk things," Canaccord's George Gianarikas wrote. Shares in electric vehicle maker Tesla slid by around 9% in mid-day trading on Thursday as analysts grow increasingly uncertain of the company's outlook. The price cuts on Tesla's Model 3 sedan and Model Y crossover are seen as a sign of weakening demand. Buyers of Tesla, and other electric vehicles made in the U.S., will likely qualify for a $7,500 incentive starting in January stemming from Biden's Inflation Reduction Act. Musk took Twitter private in a $44 billion deal that closed at the end of October, selling off around $23 billion in Tesla shares to finance the deal.

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