Tesla shares crater more than 17% after S&P 500 snub
Tesla shares were down more than 17.5% in afternoon trading. The stock has been on a tear this year, having risen around 400%, and the company is now worth more than some of the world’s largest automakers, including Toyota and Volkswagen.
- Tesla shares were down Tuesday.
- The S&P 500 Index Committee added Etsy, Teradyne and Catalent to the index on Friday, but stopped short of including Tesla.
- Some investors had expected Tesla to be included this quarter, after it reported its fourth consecutive quarter of profitability in July.
Seems the competition is having some mud slung over GM deal
If you read the account earlier this week of GM's $2 billion investment in Nikola, saw that GM was doing all of the manufacturing, and wondered what the stawww.autoblog.com
Oh my... this is going to be fun to watchTrevor has appointed his brother, Travis, as “Director of Hydrogen Production/Infrastructure” to oversee this critical part of the business. Travis’s prior experience looks to have largely consisted of pouring concrete driveways and doing subcontractor work on home renovations in Hawaii.
Hype, Tesla awe come on man, its just vision-of-the-future adjustment...Musk torpedo'd it after the close. It was pretty over hyped
It was a good idea for him to throw some cold water on the whole deal. The media chatter on it was crazy. As you know people buy on rumor and sell on news. So he wetted the rumor down. On May 1 he said TSLA was too expensive, people said it was the end for sure. And it did take 4 or 5 days before it was back at the same level.At least it allowed some folks to jump onto TSLA for ~$400... if you were real quick.
Oddly enough, the Model S got a lot of slack some years ago for plowing through mannequins in a parking lot. It made me curious enough to grab my wife's dress form, put some pants on it and see what my car did. It was hit or miss. No pun intended. Sometimes it would recognize the "human", other times not. Same conditions, same lighting, same speeds. There have been MANY firmware updates since then. Likely would change behavior. I don't care enough anymore to repeat the tests myself.Shows how the test is supposed to work. Lots of euro cars getting it right...
I wish my cheap phone had an app on the front page I could activate as I got into a car or onto my bike. It would receive the incoming call and say "I'm driving, please leave me a message. Thanks.".A better solution is to disable mobile devices when they detect movement above walking speeds.
You're in luck... this exists in many forms. AT&T customers get their app on your device whether you want it or not. Popular with parents who want to limit their kids from texting/talking while driving.I wish my cheap phone had an app on the front page I could activate as I got into a car or onto my bike. It would receive the incoming call and say "I'm driving, please leave me a message. Thanks.".
Kudos to VW for jumping in... albeit a few years late.The ID 4 is priced to be a high-volume, mass-market vehicle — a car for “the millions, not the millionaires,” Now thats real competition
VOLKSWAGEN INTRODUCES ID 4 ELECTRIC SUV WITH 250 MILES OF RANGE AND A $40,000 PRICE TAG
The ID 4 is one of the many ways VW has had to atone for Dieselgate, the massive emissions cheating scandal made public five years ago. In addition to nearly $35 billion in settlement fees and fines, VW vowed to spend billions more on a whole new lineup of electric vehicles in the hopes of rescuing its damaged reputation. The automaker said it will sell 150,000 electric and plug-in hybrid vehicles by 2020 (hurry up, clock’s ticking!), and over a million battery-electric vehicles by 2025.
The ID 4 is priced to be a high-volume, mass-market vehicle — a car for “the millions, not the millionaires,”
Now thats real competition
Yes for now. But when (not if) they catch up, Elon will have a cash flow crisis and blow up, VW has decades of profitability to invest slowly in the Tech.Kudos to VW for jumping in... albeit a few years late.
Slightly cheaper, but way down on range and charging infrastructure (for now).