Elon Musk Tesla U.S. Business News U.S. Market News 

Tesla Shorts Are Raking in Profits as Bulls Patiently Await a Short Squeeze

Tesla bears are clearly in control as traders who are short TSLA stock continue to rake in profits while patient bulls await their payday. | Source: Shutterstock By CCN Markets: Traders are shorting TSLA stock like it’s going out of style. Tesla shorts are generating profits hand-over-fist, netting $2.75 billion in mark-to-market profits year-to-date, according to Bloomberg citing S3 Partners data. Ihor Dusaniwsky, managing director at S3 Partners, in recent weeks tweeted that short interest in TSLA was $9.5 billion with roughly 41 million shares shorted, nearly one-third of the…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla’s Latest Sales Pitch Will Blow Up Just Like Its Cars

Elon Musk and Tesla ended free supercharging for lower-priced vehicles but now offer it for luxury models in an attempt to juice-up demand. | Source: Shutterstock You have to give Elon Musk a lot of credit. By creating some kind of news every single day about any one of his ventures, he is not only guaranteed to always be in the news, but he’s able to create a smokescreen that distracts people and investors from the fact that he’s just selling turbocharged snake oil. Only a genius can recover from…

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Tesla’s ‘Dog Mode’ Malfunctions, Placing Elon Musk in Hot Seat Again

Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla cars after a customer complained that it almost killed his pooch. | Source: REUTERS/Mike Blake Billionaire Elon Musk is fixing the “Dog Mode” feature in his Tesla electric cars after a customer complained that it almost killed his pet. Musk was alerted to the problem on Twitter by bitcoin investor Rahul Sood, the CEO of e-sports blockchain betting platform Unikrn. As CCN reported, Unikrn is an esports company backed by tech billionaire Mark Cuban. Tesla unveiled Dog Mode in February…

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Elon Musk Boasts That His ‘Magic’ Tesla Pickup Will Beat Ford’s to Market

Tesla CEO Elon Musk casually dropped a mesmerizing announcement on Twitter over the weekend, teasing that the electric vehicle manufacturer’s “magic” pickup truck could be unveiled within the next quarter. We’re close, but the magic is in the final details. Maybe 2 to 3 months. — e^👁🥧 (@elonmusk) July 27, 2019 There’s been a deluge of hype behind Tesla’s truck after Musk previously mentioned that the vehicle would have the look of a “futuristic-like cyberpunk ‘Blade Runner’ pickup truck.” It also helps that the release of Ford’s all-electric F-150 is…

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Elon Musk Shows Gaming Prowess, Adds Cuphead to Tesla Arcade

With news that Tesla is adding throwback run and gun indie darling Cuphead to its growing Tesla Arcade library, the company takes an essential step toward making in-vehicle gaming an attractive proposition. Cuphead for Tesla coming out in August — e^👁🥧 (@elonmusk) July 27, 2019 Up until now, lackluster titles such as Beach Buggy Racing 2 have left a lot of owners scratching their heads, not to speak of raising concerns around using the steering wheel as a controller and the impact this would have on tire wear. The addition…

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Elon Musk Op-ed Tesla U.S. Business News 

Elon Musk Slashes Prices, Signaling the Start of Tesla’s Death Spiral

Elon Musk and Tesla just made another move regarding the company’s product line which tells a much bigger story than most people realize. It suggests Tesla’s days are numbered. Cost of Tesla full self-driving option increasing by ~$1000 on August 16 — Elon Musk (@elonmusk) July 16, 2019 Another Price Cut and Discontinued Models Tesla’s best-selling car is the Model 3 because it was intended to be tagged at an “affordable” price of a mere $35,000. In reality, the true price is about $40,000. But Elon Musk and Tesla reportedly…

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Op-ed Tesla U.S. Business News 

This One Image Destroys Tesla’s Self-Driving Car Fantasy

A two-year-old video of a prankster confusing a self-driving car has gone viral for a second time, and it demonstrates a critical reason why Tesla’s self-driving cars will never become ubiquitous. Going viral once is a big event, but a “recurrent” viral video indicates that something about the content has gripped people in some visceral fashion. In this case, it’s the fact that human ingenuity can fool a self-driving car. It drives home the reason why it seems unlikely that they will ever have mass-market appeal, no matter what company…

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Elon Musk Could Use Some Steve Jobs-Like Wizardry to Fix Tesla

This should be a happy time for Tesla. After recently confounding critics by breaking its quarterly record for vehicle deliveries in Q2 2019, its share price rocketed over seven percent, closing the day just over four percent higher. After a miserable quarter plagued with boardroom infighting, resignations, missed delivery targets, lukewarm sales, safety scandals, lawsuits and an ex-employee who claimed Elon Musk was personally trying to ruin his life, last week’s stock rally was a veritable oasis of good news. That notwithstanding, all is not well with Tesla. Senior executives…

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Tesla Could Miss Model 3 Delivery Targets. Here’s Why It’s Not Shocking

Published: 18/06/2019 18:45 EST. Journalist: By CCN Markets: After Elon Musk announced that he was cracking the whip on Tesla employees to hit unrealistic quarterly delivery targets, a document leak suggests that target will not be met, according to Business Insider. This comes as a surprise to nobody. Overpromising and Under-Delivering, as Usual After boasting that Tesla would deliver 90,000 cars in the quarter, Elon Musk has backed himself into a corner. The master of overpromising and under-delivering can’t shut up. Business Insider reports that, according to documents it has…

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Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch

By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $2,500 tax credit. US tax credit of $3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14,…

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