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NAS:TSLA, Mar 18, 04:52 UTC

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Thursday, March 14


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Tesla Model Y: 11 Things to Know About Tonight’s Tesla SUV Reveal

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Anyone wanting to watch the event can do so, but they must register on the company’s website. This will have the company notifying the person when the stream for the reveal event goes live. While the Tesla Model Y reveal event is still some hours away, we do know some things about the vehicle already. This is thanks to Tesla CEO Elon Musk revealing details on his Twitter (NYSE:TWTR) feed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. As of this writing, William White did not hold a position in any of the aforementioned securities.

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Stock Market News: Facebook Takes Hits on 2 Fronts; Tesla Readies Model Y

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Stock Market News: Facebook Takes Hits on 2 Fronts; Tesla Readies Model Y. Dan Caplinger, The Motley FoolMotley FoolMarch 14, 2019, 3:43 PM GMT. Thursday morning brought a brief break in the stock market's gains, as investors reacted ambivalently to reports that the long-awaited trade summit between President Trump and Chinese leader Xi Jinping might not happen as early as expected. As of 11:30 a.m. EDT, the Dow Jones Industrial Average(DJINDICES: ^DJI) was down just 6 points to 25,697. Facebook (NASDAQ: FB) added some more challenges to its already long list of obstacles to overcome, while Tesla (NASDAQ: TSLA) is getting ready for the rollout of its newest planned electric vehicle. That implies a Model Y price of $38,500, based on the latest price reduction to $35,000 for the Model 3. What investors hope is that production of the Model Y will be able to gain a lot of synergy from Model 3 production, with Tesla using many of the same parts and components in building both vehicles.

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Tesla's Model Y sales goals 'aggressive,' analyst says

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Tesla Inc. sales targets for the Model Y crossover, which the car maker expects to unveil today at 8 p.m. Pacific, are on net "aggressive," said Toni Sacconaghi, an analyst at Bernstein. If the vehicle captures the same share as the Model X SUV does in its category, it would point to 350,000 to 400,000 units sold, Sacconaghi said. "To get to ~750k units/year would require Model Y to capture similar share as the Model S (mid-teens), perhaps coupled with Tesla upselling customers from lower-priced segments," he said in a note Thursday. The crossover's base price could start around $40,000, but more likely around $55,000 as Tesla will want to manage the price point against cannibalization, he said. Tesla is unlikely to disclose Model Y reservations since they'd be likely lower than initial Model 3 reservations and the company may not want to set a precedent for disclosing orders, Sacconaghi said.

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Tesla steps into hottest auto segment with Model Y debut Thursday

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CEO Elon Musk has talked about releasing a crossover for years, but he's kept the electric car maker tightly focused on ramping up production and distribution of its popular Model 3 premium sedan for the mass market. Investors worry that increased competition in the electric car market is reducing demand for Tesla's sedans and sports cars, including the Model 3, which Tesla only recently began selling at its long-promised price of $35,000. "This is really where every company needs to go, if they aren't already there, and that is certainly true of Tesla," said Karl Brauer, executive publisher at Cox Automotive, a firm that owns several vehicle sales and industry information businesses, such as Kelley Blue Book and Autotrader. While Tesla is widely regarded to have a strong brand and a lot of buzz around its vehicles, it mostly competes in segments that are losing market share to SUVs. The Model X was based in part on the Model S sedan, but Tesla ended up adding so many features to the X, such as falcon-wing doors, that made the SUV even more complicated to produce than the S. In contrast, the Model Y will share about 75 percent of its parts with the Model 3, Musk said on the company's fourth-quarter earnings call at the end of January.

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Tesla's Kirkhorn officially takes over as CFO. Corporate Controller Taneja promoted to Chief Accounting Officer

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Tesla's Kirkhorn officially takes over as CFO. Corporate Controller Taneja promoted to Chief Accounting Officer. CNBC14 March 2019, 13:01 GMT. Tesla's new CFO officially took office Wednesday, the company said in a filing. The company also promoted its corporate controller Vaibhav Taneja to the role of Chief Accounting Officer. Kirkhorn replaces Deepak Ahuja, a long time Tesla executive who said in January he planned to retire in 2019. This is a breaking news story. Please check back for updates. What to read next.

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Tesla names new CFO, chief accounting officer; stock gains

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Tesla Inc. disclosed Thursday that it appointed Zachary Kirkhorn as its chief financial officer, succeeding Deepak Ahuja who is retiring. Kirkhorn, who joined Tesla in 2010, has been vice president of finance, financial planning and business operations since December 2018. Tesla also named Corporate Controller Vaibhav Taneja as its chief accounting officer. Separately, Tesla said Kirkhorn will receive a stock-option grant of $12 million and a restricted stock unit grant of $4 million, which will vest over four years.

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Tesla Names Zachary Kirkhorn as Chief Financial Officer

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officially has promoted Zachary Kirkhorn to be its new chief financial officer following the retirement of Deepak Ahuja in late January. Kirkhorn, 34, joined Tesla in March 2010, serving in various roles in the company's finance department, including vice president of finance, financial planning and business operations since December 2018. Tesla also named Vaibhav Taneja, 41, as the company's chief accounting officer in an 8-K filing Thursday with the Securities and Exchange Commission.

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Stocks making the biggest moves midday: General Electric, Facebook, Apple, Tailored Brands & more

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General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company's struggling power business bouncing back in 2020 and 2021. While the company's 2019 outlook was worse than analysts expected , Culp's first forecast gave shareholders hope that GE's fortunes have begun turning around. Facebook — Facebook shares dropped about 2 percent by midday Thursday after a widespread outage continued to affect millions of users across its platforms. Snap — Shares of social media company Snap rallied more than 10 percent Thursday after one longtime skeptic upgraded the stock and told clients that it's set for outperformance thanks to better advertising sales. Tailored Brands — Shares of Tailored Brands fell 24 percent after the company reported mixed fourth-quarter earnings.

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China customs says it has lifted suspension on Tesla Model 3 imports

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China customs says it has lifted suspension on Tesla Model 3 imports. ReutersMarch 14, 2019, 9:48 AM GMT. SHANGHAI (Reuters) - China's customs authority has lifted a warning notice that barred Tesla Model 3 imports into the country last week, an official in the authority's news department told Reuters on Thursday. "We can confirm that the warning notice on Tesla has been canceled," said the official, who only gave his surname as Tao. Reuters reported earlier on Thursday that the suspension had been lifted. What to read next.

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Tesla: LA suburb in deal with Tesla for large fast-charging site, Energy News, ET EnergyWorld

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PASADENA, California: A Los Angeles suburb has agreed to a deal with Tesla to build what's described as the largest fast-charging site for electric vehicles in the western United States. Southern California News Group reports the Pasadena City Council this week voted for a five-year pact with Tesla to create 44 publicly accessible charging locations on the top of a parking structure. Under the deal, Tesla would pay for 24 so-called super chargers for Tesla vehicles only. The company would also install infrastructure for the city utility to add 20 fast-charging stations for non-Tesla vehicles. The city sees the agreement as helping it achieve climate goals by attracting zero-emission vehicles.

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