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NAS:TSLA, Jul 18, 08:46 UTC

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Tesla investors demand Elon Musk apologize for attack on Thailand diver

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Tesla investors have demanded an apology from CEO Elon Musk after he lashed out at a British cave diver who rescued children in Thailand. Musk had flown to Thailand and offered to assist in the rescue mission of twelve boys and their coach from a flooded cave by providing a submarine, but leaders of the operation declined his help. Unsworth, who was instrumental in the successful rescue, later said Musk’s effort was a “PR stunt”, prompting the Silicon Valley billionaire to say he would make a video proving his “mini-sub” would have worked, adding: “Sorry pedo guy, you really did ask for it.” The diver, who was still at the cave site assisting with clean-up, told the Guardian he was “astonished and very angry” and considering legal action. James Anderson, a partner at Baillie Gifford, Tesla’s fourth-largest shareholder, told the Guardian in an email on Tuesday that the company saw “the end of carbon as essential” but, was “frustrated that the real steps towards this are being overshadowed and undermined by this saga”. Anderson said he agreed with some of Musk’s past remarks calling out critical analysts, “but this is different.

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5 Stocks That Spoke to Brexit, 2 Years Later: Euronet Worldwide

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5 Stocks That Spoke to Brexit, 2 Years Later: Tesla. It was a watershed moment for the open market -- or perhaps a catastrophic flash flood, and at the time, Motley Fool co-founder David Gardner offered listeners to the Rule Breakers podcast a sampler of five stock recommendations that he felt had some Brexit resonance. In fact, it's a political quagmire with no blueprint close to being accepted by all sides, and based on the latest news, the negotiations are appearing to grow even more tumultuous. However, though there's no clarity in Europe, it is nonetheless time for him to check back in and see how those picks are performing en route to the three-year holding period he originally suggested. 5 was Tesla (NASDAQ: TSLA), and the reason it made David's list might have been a bit of a stretch: The electric car company was at that point already a leader in the drive toward autonomous vehicles, and the U.K. voters had just demanded more autonomy.

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Fox Seeks Growth in Europe, Tesla Hunts for It in China

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In this MarketFoolery podcast, host Mac Greer is joined by analyst Aaron Bush to dig into a trio news items. Next, Elon Musk says Tesla (NASDAQ: TSLA) will sidestep China's heavy tariffs on imported cars by building a large factory there to manufacture electric vehicles for that market. Finally, a heavy EU fine is coming down the pike for Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) for its abuse of the power of its dominant Android operating system. But the specific anticompetitive penalty may be less important to tech investors than the policy direction it reflects in European regulation. All of these large companies, even though they're large on their own, and they do other things besides just content and distribution, but they're realizing that to stay at peak relevance, to be meaningful to everyone, to own the customer relationship, have people pay lots of attention to them, they have to pay up a whole lot more than they would have expected even two years ago. But they're doing it, which is crazy, in my opinion.

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Tesla Model 3 is most profitable electric car - consultant

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DETROIT (Reuters) - The Tesla Inc (TSLA.O) Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant. Sandy Munro, president of Michigan-based Munro & Associates, said the car generates net profit margins in excess of 30 percent. Munro, whose firm tore down the Model 3 to better understand it, made his comments on an appearance on Monday on Autoline, an automotive-focused television show. Tesla, whose shares were up 1.7 percent at $315.42 in Tuesday morning trading on the Nasdaq, is pushing to increase production of the Model 3, which starts at $35,000 and is key to the electric carmaker's profitability.

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Tesla sinks after Musk tweets, again

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Shares of Tesla took a nosedive Monday after CEO Elon Musk came under fire, and some market forecasters see bigger losses yet, citing a corporate leader lately mired in controversy and lingering concerns about vehicle production. The most recent decline, a nearly 3 percent drop in Monday trading, was sparked by Musk’s flamboyant weekend on Twitter and reports of his political donations that rocked some of his base. For Michael Bapis, partner and managing director of The Bapis Group at HighTower Advisors, Tesla has been a no-touch for quite some time. They can’t meet production, they’re burning through cash,” and perceived tirades on Twitter don’t help, Bapis told CNBC’s “ Trading Nation ” on Monday, adding his pessimism comes even as the company is “super innovative.”. “What would change my mind on the company: refocus on fundamentals, get back to what you did to build this company, start meeting the delivery deadlines, and start making people want to buy the stock again. But until they do that, and until they can turn that around, we’re going to stick with our bearish stance on the company,” he said.

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xpeng motors: Tesla foe in China hits $4 Billion valuation before selling cars, Auto News, ET Auto

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Henry Xia jumps into the burnt toast-colored electric car he helped build as co-founder of Xpeng Motors Technology Ltd. and commands it to play Green Day’s “21 Guns.” He asks the car about traffic conditions and starts driving. At least, not yet.Xpeng gave away or leased the 400 cars to employees who sent daily reports on technology glitches, manufacturing mishaps and design suggestions. What the four-year-old startup has is backing from tech giants Alibaba Group Holding Ltd., Foxconn Technology Group and Xiaomi Corp. founder Lei Jun. Xpeng is primed to capitalize on a trade tussle that is already jacking up car prices. As China hits back against the U.S. with retaliatory tariffs, import duties on American-made cars have increased to 40 per cent. But perhaps the bigger opportunity comes from Tesla Inc.’s still-diminutive presence in China, creating an opening for local startups to hawk cheaper, technology-centric electric vehicles. Tesla expects car production to start within two years of starting construction and to churn out 500,000 cars per year in China two to three years after that.

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Tesla shares fall after CEO Musk abuses British caver

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(Reuters) - Shares of Tesla Inc (TSLA.O) fell over 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cavers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk's comments were adding to their concerns that his public statements were distracting him from Tesla's main business of producing electric cars. The billionaire entrepreneur's spat with British caver Vernon Unsworth started last week, after rescue teams rejected Musk's offer of a mini-submarine created by his rocket company SpaceX to help rescue a 12-member soccer team and their coach trapped inside a flooded cave in the northern province of Chiang Rai. Musk shot back on Sunday on Twitter: "We will make one (video) of the mini-sub/pod going all the way to Cave 5 no problemo. Sorry pedo guy, you really did ask for it."

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Monday, July 16


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Tesla Is Getting a China Factory. This $4 Billion Startup Will Be Waiting

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Henry Xia jumps into the burnt toast-colored electric car he helped build as co-founder of Xpeng Motors Technology Ltd. and commands it to play Green Day’s “21 Guns.” He asks the car about traffic conditions and starts driving. Xpeng expects to raise more than $600 million this month from investors that include Alibaba, valuing it close to $4 billion, according to a person familiar with the fundraising. Xpeng is primed to capitalize on a trade tussle that is already jacking up car prices. As China hits back against the U.S. with retaliatory tariffs, import duties on American-made cars have increased to 40 percent. But perhaps the bigger opportunity comes from Tesla Inc.’s still-diminutive presence in China, creating an opening for local startups to hawk cheaper, technology-centric electric vehicles. Tesla expects car production to start within two years of starting construction and to churn out 500,000 cars per year in China two to three years after that.

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What Should Investors Do With Tesla (TSLA) Stock?

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Shares of Tesla TSLA plummeted Monday after chief executive Elon Musk once again found himself in hot water after he posted a rude comment about a British cave explorer regarding the Thailand cave rescue mission. Although the CEO’s statements were crass, they don’t really impact Tesla’s core business. So let’s assess TSLA stock at what could be a buying point. Investors clearly don’t love Musk’s use of Twitter when it backfires on him, but there is no doubt that much of Tesla rise is due to the CEO’s vision of the future. But that real questions are: what’s going on with Tesla now and what should investors expect from the company’s second-quarter financial results? Tesla noted that this was the first time production of its mass-market Model 3 topped combined Model S and X rates, helping it make Q2 “the most productive quarter in Tesla history by far,” according to a company statement. This alone might be good enough for some investors to consider buying Tesla stock. Yet, it is worth pointing out that Tesla’s earnings estimate revision activity has trended in the wrong direction recently, which helped Tesla earn a Zacks Rank #3 (Hold). Therefore, it might still be time for investors to monitor TSLA, especially as Musk continues to grab headlines for the wrong reasons.

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Tesla shares, at lowest in six weeks, fall further in late trading

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MARKET PULSE Shares of Tesla Inc. (tsla) fell 1% in late trading Monday, following their lowest close since July 6 and, off 2.8%, their largest percent decrease since July 3, when they fell 7.23%. Tesla was the worst performing stock on the Nasdaq 100 (ndx) on Monday.

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