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NAS:TSLA, Apr 21, 06:57 UTC

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Tesla: California regulators investigating worker safety at Tesla, Auto News, ET Auto

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California regulators investigating worker safety at TeslaWorkplace safety regulators say they are investigating two incidents at automaker Tesla's factory in Northern California.AP | April 21, 2018, 11:11 IST. The New York Times reported Friday that the investigations come after the Center for Investigative Reporting catalogued a series of workplace injuries at Tesla. California's Division of Occupational Safety and Health said Friday that it had opened an investigation into an unspecified incident.The agency earlier said it was investigating an incident that resulted in a 30-year-old subcontractor breaking his jaw. Tesla officials say the center incorrectly counted injuries that occurred away from the factory in Fremont, which is 40 miles (64 kilometers) south of San Francisco.

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Yesterday


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Tesla's Hidden Debt Risk: Vertical Group

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Newly arrived bear on Tesla (TSLA) stock Gordon Johnson, of the boutique Vertical Group, today writes that his perusal of the company’s financial statements suggests a liquidity risk that investors have not fully appreciated. Johnson, who has a Sell rating on Tesla stock, notes that what the company pays out in capital expenditures — property, plant, and equipment — doesn’t all show up in that part of the cash flow statement, some of it is deferred for a period of time until Tesla puts equipment into service. Johnson compares figures included under accrued purchases, accounts payable, and accrued liabilities, and comes up with an estimate for “payables due on deferred Capex” that comes out to $1.385 billion.

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Tesla shares plunge with news of subcontractor breaking his jaw

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Tesla shares plunge with news of subcontractor breaking his jaw. And its more bad news for electric automaker Tesla- shares took a plunge following a report from Bloomberg that Cal-Osha has opened an investigation into a subcontractor reportedly breaking his jaw when he was hit by a skid carrier at Tesla's assembly plant. What to read next.

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Would Apple Want to Buy Tesla?

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Shares of Tesla (TSLA) are down again Friday, as investors debate whether the stock's next move will be to $200 or $400, depending on Model 3 demand and production. Bernstein's A.M. (Toni) Sacconaghi, Jr. takes a look at the stock on Friday, parsing a host of issues that investors have posed in recent weeks, from its debt (perhaps an issue if the stock continues to decline) to expansion in China (potentially a long-term positive development, as the country is opening up more to foreign auto makers). Among these points, Sacconaghi also throws cold water on the hope that Tesla could be acquired by another car maker.

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Tesla shares fall on news of new probe into workplace injury

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Tesla shares fell on Friday after news of another California state government probe into a workplace injury was reported by Bloomberg. A worker employed by subcontractor Automatic Systems reportedly broke his jaw when he was hit by a skid carrier at Tesla's assembly plant in Fremont, California. CNBC was not able to independently confirm the report with Cal-OSHA, a California state-level agency overseeing workplace safety. However, Tesla did confirm an injury occurred. The news comes days after Cal-OSHA said it was opening an investigation into workplace safety, following a report from RevealNews.org that said Tesla has mislabeled and undercounted injuries to make its safety record appear better than it is.

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Thursday, April 19


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Enough of the Elon Musk and Tesla Inc Snake Oil

TSLA SPA

'This is a perfect analogy for Elon musk and the American public, or if you prefer, Tesla Inc. (NASDAQ:TSLA) shareholders.', 'Musk overpromises, underdelivers, and has done so thanks some $15 billion in government handouts across Tesla, SpaceX and SolarCity.', 'Tesla has gobbled up $5.3 billion in taxpayer money: a $3 billion factory subsidy from California, another $1.3 billion tax incentive from Nevada, a $45 million discounted Department of Energy loan, $517 million in the sale of California and other regulatory credits, $284 million in federal income tax credits given to Model S buyers and $257 million in other incentives.', '“Tesla’s liquidity consists principally of $3.4 billion in cash and securities… This liquidity position is not adequate to cover: 1) $500 million in minimum cash that we estimate Tesla must maintain for normal operations; 2) a 2018 operating cash burn that will approximate $2 billion if Tesla maintains high discretionary capital expenditures to increase capacity; and 3) convertible debt maturities of approximately $1.2 billion through early 2019.”.'

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Why Tesla Inc Stock Is Worth “Test Driving” Today

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'It has been anything but a joy ride for Tesla Inc (NASDAQ:TSLA) shareholders the past several weeks. But a “test drive” in Tesla stock using a bull call spread looks like an option worth purchasing.', 'The company’s all-important, but not quite dialed in battery that’s hampered Model 3 production, as well as a couple factory shutdowns in recent days to address production bottlenecks, have been other items of worry for TSLA bulls as well.', 'A failure to hold at the current levels could likely find additional investors fleeing the name. But with the current stochastics set up showing a bullish divergence and sentiment generally sour on TSLA stock, it seems like a better spot for traders to position for higher prices using a very low and defined risk options strategy.', 'Verticals are also a nice way to ease into positioning. Aside from the reduced and defined risk, this type combination has a flexible and simple design, which can be readily adjusted if the opportunity exists. And with an earnings catalyst built into the May contract, traders can take a test drive in TSLA with confidence using this bull call spread.'

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Tesla: Boss Elon Musk's message to staff: Sidestep chain of command, walk out of unproductive meetings, Auto News, ET Auto

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"Boss Elon Musk's message to staff: Sidestep chain of command, walk out of unproductive meetingsThe new directions come after Musk said that Tesla would work round the clock to build 6000 Model 3 cars per week.IANS | April 19, 2018, 21:54 IST.", 'LONDON: As Tesla aims to boost the production of its Model 3 sedan, company CEO Elon Musk has told his staff to cut short unproductive phone calls and meetings.', 'Musk advised the staff to "cancel large meetings or if you have to have them, keep them \'very short\', walk out of a meeting or end a phone call if it is failing to serve a useful purpose, avoid acronyms or nonsense words."', '"All contracting companies should consider the coming week to be a final opportunity to demonstrate excellence. Any that fail to meet the Tesla standard of excellence will have their contracts ended on Monday," Musk wrote.'

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Tesla factory to be investigated over safety concerns

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'Tesla is facing an investigation by Californian safety regulators into reports of serious injuries at its factory in Fremont, California, where it is struggling to scale up production of its Model 3 mass-market electric car.', 'The California Occupational Safety and Health Administration said on Wednesday it had begun an inspection on Tuesday, a day after the news website Reveal alleged that Tesla failed to disclose legally mandated reports on serious worker injuries, making its safety record appear better than it was.', 'Tesla said the injury rate at its Fremont factory, which it took over from General Motors and Toyota, was half what it was in the final years under its previous owners. But this is just the latest issue in what Tesla’s chief executive, Elon Musk, described as “manufacturing hell”, as the company struggles to hit production targets for its crucial new car.', 'The firm has repeatedly failed to hit its weekly production targets of 2,500 Model 3 vehicles in the first quarter of 2018, and has been forced to halt production twice in three months, most recently this week.'

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Tesla Announces Date for First Quarter 2018 Financial Results and Webcast Nasdaq:TSLA

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'Tesla Announces Date for First Quarter 2018 Financial Results and Webcast.', 'PALO ALTO, Calif., April 19, 2018 (GLOBE NEWSWIRE) -- Tesla will post its financial results for the first quarter of 2018 after market close on Wednesday, May 2nd, 2018.', 'At that time, Tesla will issue a brief advisory containing a link to the Q1 2018 Update Letter, which will be available on Tesla’s Investor Relations website.', 'Tesla will hold a live question and answer webcast that day at 2:30pm Pacific Time (5:30pm Eastern Time) to discuss the Company’s financial and business results and outlook.'

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