Elon Musk says cutting back on work hours isn't an option
Elon Musk says cutting back on work hours isn't an option
Still shot from Electrify America's Jetstones TV
20 August, 2018, 18:31
The bank's analyst Ryan Brinkman slashed his target by more than 35% to $195 a share, citing the fact that funding was not actually secured when Musk indicated it had been.
Also weighing on Tesla's stock price in early trading Monday was a price-target cut from JPMorgan.
Wall Street now has an average target of $331 for Tesla, according to Bloomberg, 26% below Musk's $420 target for taking the company private.
Saudi Arabia's wealth fund already owns a five-percent stake in Tesla.
He said he had most recently met with the Saudis on July 31 and left that meeting "with no question that a deal with the. fund could be closed, and that it was just a matter of getting the process moving".
"The revelation that the Saudi fund is subsequently asking Tesla for details of how the company would be taken private suggests to us that any deal is potentially far from even being formally proposed, which is different from our understanding on August 8 which was based on Mr. Musk's statement on Twitter", Brinkman added. The stock spiked as high as $387.46 - and then plunged. "It was excruciating", Musk said in the hour-long interview, in which he reportedly choked up a couple of times.
The YouTube interview came a day after Musk spoke to NYT about "excruciating" times at Tesla, noting that he "nearly missed his brother's wedding this summer and spent his birthday holed up in Tesla's offices as the company raced to meet elusive production targets on a crucial new model".
Aretha honored at Sunday service at father's Baptist church She maintained her commitment to civil rights throughout her life and famously sang at President Obama's inauguration in 2009. He went on to work with her on several songs and albums, including the memorable duet between Franklin and Mary J.
In a tweet early Sunday after arriving home from a late night at a Tesla factory, Musk told the Huffington Post founder that his electric auto company and Ford are the only two American automakers that have avoided bankruptcy.
In his interview with the Times last week, he said of his push to finish production of the mass-market Model 3, 'I thought the worst of it was over, I thought it was.
Tesla has repeatedly proved its doubters wrong.
According to Musk, "two thirds" of Tesla's current stockholders would be interested in continuing to hold the firm's shares once it goes private. While the company has struggled to turn a profit, its share price has skyrocketed. The sell-off has been a windfall for Tesla short-sellers, who have made more than $1.3 billion.
But Tesla's goal of rapidly building affordable cars for mass markets has proven hard.
Even if he were to stick with his current contract, he'd become an unrestricted free agent after the 2019 season. He completed 59 percent of his passes for 3,098 yards with 13 touchdowns and seven interceptions.
So, here we have it: two of the best players of all-time meet before the US Open, which starts later this month. Djokovic has won his last three matches against Federer and now holds a 24-22 advantage in their long rivalry.
London Gatwick apologised to passengers for the chaos, which began at around 9am, and said it was working to fix the issue. Pictures emerged on social media of crowds surrounding the board as they tried to get hold of their flight information.
Reporters may check-in at the press center, Room 102 A, or watch live on YouTube http://bit.ly/ACSLive_Boston2018 . A study by Arizona State University says the plastic ends up in waste water treatment plants.
Reviews of the Essential Phone since its launch have been mixed, however there is one thing that a lot of them can agree on. The phone's photo taking capabilities were never a high point, though performance has improved over time.
Smith said she tried to visit her friend in the hospital was "asked to leave". "I never asked Taylor to push me", she told TODAY . She suffered six broken ribs and two punctured lungs from the impact of her plunge at Moulton Falls Regional Park on August 7.
Nearly 3.5 million other players collected a return ranging from a division two prize of $122,000 down to ninth division's $10.55. Australian Gambling Research Centre manager Rebecca Jenkinson said three factors were at play in luring people to play a lottery.
She won by a couple of lengths. "So, the only way that she can get beaten is if she starts to show signs of slowing down". Winx , above, will be stepping out as a seven years old mare for the time in the 2018 Winx Stakes at Randwick.
The Romanian lost a title bid in Cincinnati in 2015 against Serena Williams and came up short a year ago to Garbine Muguruza. Federer and Djokovic have not gone head-to-head since the 2016 Australian Open semi-finals, which Djokovic edged.
Tottenham boss Mauricio Pochettino says players not in his team are free to leave and he will not bow to pressure to play them. Theo Walcott drew first blood for the Toffees in the 15th minute and Richarlison doubled the lead on the half-hour mark.
Nervous Korean families wait to be reunited
Before leaving for North Korea, Lee said she wanted to ask her son "how he grew up without his mom and how his father raised him". The ministry estimates there are now about 600,000 to 700,000 South Koreans with immediate or extended relatives in North Korea.
PepsiCo buys fizzy drink maker SodaStream for $3.2bn
The move will boost Pepsi's ( PEP ) efforts to shift from its traditional soft drinks business into to offering healthier options. Israel-based Sodastream makes a machine and refillable cylinders allowing users to make their own carbonated drinks.
Nokia 6.1 Plus to be Flipkart exclusive in India
Nokia has teased that they will be releasing a new smartphone on August 21, posting teaser images and dates to their Twitter . The Nokia 6.1 was launched in India in April, following its global launch at the Mobile World Congress 2018 in February.
Gunshots fired at USA embassy in Turkey
A police officer told Reuters at the scene the drive-by shooting occurred around 5 A.M. local time and that nobody was hurt. Embassy in the Turkish capital, Ankara , from a vehicle, police and the embassy's spokesperson said.
Redskins To Host Veteran Running Back Adrian Peterson
The search for another running back is in full swing at Redskins Park and a future Hall of Famer is scheduled to make a visit. It doesn't look like a very good fit with Peterson, but Washington has to consider everything and everyone right now.
Five people still missing after Genoa bridge collapse
The unofficial death toll stands at 42 after the discovery of four bodies in the Morandi Bridge's rubble Saturday by rescuers. Investigators are working to see if a design flaw or improper maintenance might have caused the collapse on Tuesday.
Astronomers Discover Oldest Galaxies in the Universe
The first group of galaxies emitted strong ultraviolet radiation that destroyed the remaining hydrogen atoms by ionizing them. Here's how it all went down: When the universe was about 380,000 years old, the first hydrogen atoms formed .
Superdry co-founder gives £1m to Brexit vote campaign
Dunkerton cofounded Superdry in Cheltenham, England, in 2003 and floated the business on the London stock exchange in 2010. Julian Dunkerton is donating the sum to campaign group the People's Vote , according to the Observer .