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Tesla Customers Sue Over Surprise Price Increases for Solar Roof
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(Bloomberg) Tesla Inc.’s shares are headed for their worst weekly loss since the coronavirus-driven selloff in March 2020 after falling below a closely watched level.Investors in the Elon Musk-led electric-vehicle company missed out on the broader recovery in technology stocks Thursday, with shares now down 15% in the four trading days this week. The stock closed down 3.1% at $571.69, below the stock’s 200-day moving average of $582.56.Tesla’s share price has closed below its 200-DMA six other times since early 2019, the last instance being when it briefly touched that mark amid the pandemic market crash. When Tesla crossed below that level in late February 2019, it sparked a decline of over 40% in about three months.Thursday’s weakness came after Musk on Wednesday tweeted that the company was suspending purchases of its cars using the cryptocurrency Bitcoin. The move is a turnabout from February when Tesla said it had purchased $1.5 billion in Bitcoin and
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(Bloomberg) Tesla Inc.âs factory outside Berlin wonât start production before the end of January next year due to delays affecting battery pack output, German trade magazine Automobilwoche reported, citing unidentified sources close to the company.
(Bloomberg) Tesla Inc.âs factory outside Berlin wonât start production before the end of January next year due to delays affecting battery pack output, German trade magazine Automobilwoche reported, citing unidentified sources close to the company.
Chief Executive Officer Elon Musk gave the team in charge of the plant six more months to complete the project, according to the report published Sunday. Tesla wasnât immediately available for comment.
Tesla’s Record Profit and Bitcoin Gains Are Met With a Shrug
Bloomberg 2 hrs ago Dana Hull and Gabrielle Coppola © Bloomberg A Tesla Inc. Model S electric vehicle drives away from illuminated Supercharger stations at night in Sant Cugat, Spain, on Wednesday, July 10, 2019. Tesla is poised to increase production at its California car plant and is back in hiring mode, according to an internal email sent days after the company wrapped up a record quarter of deliveries.
(Bloomberg) Tesla Inc. earned record profit in the first quarter, sidestepped an industry chip shortage, improved its manufacturing and even made money off Bitcoin.
Tesla Releases Data Logs Of China Car Crash After Viral Protest
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