Tesla cuts color options to streamline production

Elon Musk might be hearing from the Air Force about a certain podcast appearance

Tesla is dropping two of the seven colours it had offered to customers as it tries to streamline production.

But the carmaker's stock dropped about 7 percent in total over the next two trading sessions on skepticism over the deal's financing and the news that the U.S. Securities and Exchange Commission to Tesla. The electric vehicle manufacturer has warned customers that they have a small window of opportunity to order the colors before its too late.

With the worst of the problems seemingly behind Tesla, it seems that they should be well on their way to finally fulfill their ambitious targets as long as they can stay out of trouble.

Anxious about what he called the "erratic behavior of CEO Elon Musk", Shah trimmed his price target to $300 from $400 - still 5% above Tesla's Monday closing price, but a huge cut. In other words, Musk was aiming for the company to ramp up its production rate by 20 times in five years.

Hurricane Florence begins to batter U.S. east coast
At least 12,000 people had taken refuge in 126 emergency shelters, Governor Cooper said, with more facilities being opened. She adds: "You have wind, high water, rushing water, downed trees and downed power lines - not to mention it's dark out".


Tesla has been under fire for the pressure it places on workers to achieve the high targets with Musk and the company being accused of rubbing out union activity and firing workers who complain of poor conditions. That strategy paid off as Tesla built a huge lead in the electric auto race, although that position is under assault from intense competition by rival manufacturers such as Mercedes-Benz and Ford.

There is a waiting list of more than 400,000 people who want to buy a Model 3, and some have been waiting since March 2016, when the company first started taking orders.

Baird analyst Ben Kallo confirmed his buy rating on Tesla, saying that the stock is still worth a buy "even with drama". Clearly, as added by experts, Tesla is still a greenhorn when it comes to mass production.

The financial challenge has been exacerbated by Musk's shenanigans. The fiasco reportedly sparked an SEC investigation into the accuracy of Musk's "funding secured" tweet.

Meghan lookalike spotted walking a dog outside Kensington Palace
Meghan's third great-grandmother was the first of her mother's family to move to Los Angeles, where Meghan was born in 1981.


In July, Musk stated an August goal of producing 6,000 Model 3 cars per week, however the current reality is closer to 3,500, according to estimates by Bloomberg.

After last week's live interview, Tesla's stock tumbled on Friday, also due to the resignation of Chief Accounting Officer Dave Morton, who is quitting after just one month on the job.

In an email to employees, CEO Elon Musk said Toledano was on leave to "spend more time with her family and has made a decision to continue doing so for personal reasons".

"We could raise money, but I think we don't need to, and I think it's better to just not", Musk said.

FLORENCE: Up to 30 percent of NC could lose power
Executives say if you're riding out the storm near the coast you should not expect to have power back for days or even weeks. Sand bags surround homes on North Topsail Beach, N.C., September 12, 2018, as Hurricane Florence threatens the coast.


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