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UPDATE: Tesla Announces Date for Second Quarter 2019 Financial Results and Webcast

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UPDATE: Tesla Announces Date for Second Quarter 2019 Financial Results and Webcast. PALO ALTO, Calif., July 18, 2019 (GLOBE NEWSWIRE) -- UPDATE: Please note the call is being moved by one hour to 3:30pm Pacific Time (6:30pm Eastern Time). Tesla will post its financial results for the second quarter of 2019 after market close on Wednesday, July 24, 2019. Tesla will hold a live question and answer webcast that day at 3:30pm Pacific Time (6:30pm Eastern Time) to discuss the Company’s financial and business results and outlook. What:.

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Why Tesla’s Surprise $6,410 Price Cut Sparked a Devotee Rant

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Why Tesla’s Surprise $6,410 Price Cut Sparked a Devotee Rant. BloombergJuly 17, 2019, 11:16 PM UTC. Jul.17 -- Tesla Inc. cut the list price of a fully loaded performance edition of the Model 3 sedan on July 11, angering recent buyers. Bloomberg's Keith Naughton has more on "Bloomberg Technology." What to read next.

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This is what traveling on Elon Musk's 700 mph Hyperloop could look like

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This is what traveling on Elon Musk's 700 mph Hyperloop could look like. It's anyone's guess how long it will take for Elon Musk's Hyperloop dream of an ultra high-speed transit system to become reality. But with SpaceX's annual Hyperloop Pod Competition taking place on Sunday — where teams from colleges and universities around the world compete with their prototypes of high-speed transportation pods — at least one group of designers is already offering a conceptual look at what the high-speed system could eventually look like. Concept images show a station with arriving and departing pods... ...as well as the inside of an eventual Hyperloop pod, including stylish seats in a glass-topped pod complete with digital screens displaying the date and weather on what the team envisions would be a 30-minute ride between Amsterdam and Paris (a trip that currently takes over three hours via train). The concept involves sending self-propelled transportation pods through low-pressure vacuum tubes at speeds greater than 700 MPH. Since then, SpaceX, Musk's aerospace company, built a test track near its Hawthorne, California headquarters.

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Stock Wars: GM Vs. Ford Vs. Tesla Vs. Toyota

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It has been a rough five-year stretch for large auto stocks Toyota Motor Corp (NYSE: TM), General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Tesla Inc (NASDAQ: TSLA). Auto investors are much more concerned about the next five to 10 years at this point. When looking at U.S. auto sales, it’s not cars, but light trucks, SUVs and crossovers that matter — because that’s what Americans are buying. Tesla should be the obvious leader in the EV movement, since it is the only big carmaker that makes solely electric vehicles. But it’s hard to say who might come out on top in the EV space, because all of the carmakers see it as an important part of their future. Ford said last year it will more than double its spending on its EV program, and Barra has promised to make electric cars profitable for GM — something no one’s been able to yet do — by 2021. While not winning on pure electric sales, Toyota’s hybrid sales were trending up in the first half of the year, putting it on track to be the U.S. market leader in “green vehicle” sales in 2019. Both stocks are priced well below the S&P 500 average of 0.9. Ford’s future five-year earnings growth is projected to be negative, and Tesla has yet to demonstrate it can consistently turn a profit at scale. When a company reinvests a large portion of earnings back into the company for the purpose of expanding operations and growing the business, earnings numbers aren’t the best measure of a company’s performance or a stock’s value.

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Tuesday, July 16


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Tesla Tweaks Pricing Across All Models

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Tesla Inc. (NASDAQ: TSLA) is streamlining its product line and tweaking the prices of its electric vehicles in a bid for another jolt following strong second-quarter sales results. The electric carmaker said its mass-market Model 3 will now come with a lower price tag of $38,990. The starting price of a couple of other Teslas will be a bit higher, as the company is dropping basic versions of the Model X SUV and the Model S sedan, and will offer only the pricier long-range and performance versions of the vehicles. While Tesla is lowering the price for those versions from current levels, they’ll still cost more than the basic models that are being dropped. Deliveries of the three Tesla vehicles were up 51% from the previous quarter, with the company’s signature Model 3 accounting for around 80% of sales.

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Tesla drops cheapest Model X, S variants, cuts prices

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Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the US electric vehicle maker reported record deliveries. It also trimmed the price of its now entry-level Long Range variants. “To make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3,” Tesla said in a statement. In China, the world’s largest market for electric vehicles, Tesla’s changes on Tuesday pushed the starting price of its Model X to 790,900 yuan ($115,068) and Model S to 776,900 yuan.

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Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

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Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup. BEIJING (Reuters) - Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. "To make purchasing our vehicles even simpler, we are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3," Tesla said in a statement. Earlier this month, Tesla said global deliveries of its three models in the second quarter of this year rose 51% from the previous quarter to a record 95,200 vehicles.

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Tesla cuts price of mass-marked Model 3, lifts prices of premium EVs

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BEIJING (Reuters) - U.S. electric vehicle maker Tesla Inc has lowered the price of its mass-marked Model 3 and raised the prices of its premium Model X and S cars. The starting price of the Model 3 is now $30,315, from $32,225, Tesla's website showed on Tuesday. The top-of-the-range Model X now begins at $75,315, rather than $71,325, while the Model S rises to $70,115 from $65,125. Earlier this month, Tesla said deliveries of all three of its models in the second quarter of this year rose 51% from the previous quarter to a record 95,200 vehicles.

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