m3n4.net
m3n4.net March 21, 2019


Tesla shares fall after carmaker falls short on delivery estimates

03 January 2019, 01:00 | Vera Richards

Model 3 Tesla adjusts Model 3 prices amid lowered $3,750 federal tax credit

Model 3					Tesla adjusts Model 3 prices amid lowered $3,750 federal tax credit

But it also said it would cut prices of its three models by $2,000 to help customers handle the gradual phase-out of federal electric vehicle tax credits. The move, created to partially offset a reduction in the federal tax credit for its electric vehicles, underscored the key challenge in what is likely to be a pivotal year for the company and its chief executive officer. Come 2020, the tax credit disappears entirely (although no one will care since two-thirds of the world's wild animals are on track to disappear by 2020, too).

Its shares fell by about 8% at the start of U.S. trading.

The price cut of $2,000 beginning on Wednesday on the Model 3 - as well as on its higher-priced Model S and Model X - took the market by surprise and weighed on the stock, pushing it down 9.4 percent in morning trading.

Netflix Warns Against Dangerous New Meme Inspired By Bird Box
Note that Netflix didn't try to discourage people from engaging in the #BirdBoxChallenge - only to be careful. To be fair, the " Bird Box Challenge" does seem to be kind of a thing.

Tesla has released its production and delivery figures for the fourth quarter of 2018, capping off what could only be described as a historic year for the electric auto maker.

Tesla disappointed investors Wednesday after announcing that it delivered 90,700 vehicles during the fourth quarter, more than 2,000 vehicles short of what Wall Street analysts expected.

Tesla shares fell 9 percent on Wednesday after the electric auto maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States to offset a reduction in a green tax credit.

Fiance Of Missing Colorado Mom Arrested And Charged With Murder
Authorities say her phone was tracked and supposedly found in Gooding, Idaho, almost 800 miles away from her home in Colorado. Berreth's body has not yet been found and officials said they didn't want to speculate on where they believe it might be.

FactSet, which compiled an average estimate from nine analysts, projected that Tesla would deliver 2000 more vehicles than it did, including 1750 more Model 3 vehicles.

Musk has been under intense pressure to deliver on his promise of stabilizing production for the Model 3, which is seen crucial for easing a cash crunch and achieving long-term profitability. That was cut in half, to $3,750, starting January 1. Wedbush Securities analyst Dan Ives told CNBC that Tesla's failure to meet Wall Street projection was something that his firm had been prepared for: "It was a move that was within the realm of possibility, but it caught investors off guard", he said. The company said it would begin delivering Model 3s to Europe and China in February. "We continue to believe Model 3 demand remains strong, particularly as the company has not begun worldwide shipments or introduced leasing options, and are buyers on any weakness", Kallo wrote.

Trump discussed 'slow & highly coordinated' exit from Syria with
He said up to 15,000 Syrian fighters trained in Turkey are ready to take part in the operation. Erdogan went on to say: "In Syria, it is a matter of freedom and its territorial integrity".



Other News

Trending Now

Spider-Man on PS4 gets Sam Raimi suit in free update
A few holes in the spider-web of deceit and villainy can be quite visible if you focus too much on the story. Marvel's Spider-Man update version 1.13 is available to download now on the PS4.

No end in sight for United States government shutdown
As Breitbart News reported on Friday, reports revealed that Pelosi was spending the shutdown at a luxurious resort in Hawaii. He's still at the White House, awaiting work by Congress on those spending bills that government employees are depending on.

Liverpool - Premier League - 21 December 2018
The players will train on Christmas Day before travelling down to London ahead of their game against lowly Fulham on Boxing Day. We won here and that is a big step for us. "I think today there were a couple moments when they were risky , but we did well".

North Atlantic Treaty Organisation 'aware of reports' about U.S. troop cuts in Afghanistan
Trump's reported decision apparently surprised Afghan officials, even though the US president had previously voiced opposition to the USA war effort there.

Bangladesh goes for polls, PM Sheikh Hasina seeks fourth term
The election campaign has been marred by allegations from the opposition of arrests and jailing of thousands of Hasina opponents. The country's Election Commision told a news agency that it is also investigating claims of vote rigging across the nation.

Pochettino demands consistency from title-chasing Spurs
It was beaten 5-1 at Manchester United just before Christmas and was also thrashed 5-0 by Man City at home in September. The 29-year old completed three dribbles and showed his willingness to burst forward against Cardiff City on Tuesday.

John Kelly breaks with Trump: 'To be honest, it's not a wall'
Trump also sought to push back against Democratic arguments that a border wall is an antiquated approach to illegal immigration. The president shut down the government, demanding $5 billion for his border wall but Democrats have refused to meet the demand.

Israeli missiles intercepted near Damascus
The source cited information that came directly from senior Israeli military officers with direct knowledge of the attack. Syria's air defences have repelled a missile attack on Damascus suburbs on Tuesday, Syrian state television reported.

Sarri On Hazard's Future: We Need To Solve The Problem
Introducing an inexperienced player at a time when a club is not on top is rare. "It's a rule so we have to respect it". Will I sit down with him? "It is not a serious problem but I don't know if he will be able to play in the next match".

Paul Pogba: Manchester United are now playing as they should do - offensively
David Brooks floated a ball into the United box and Ake jumped highest to bury a header past David de Gea . Pogba soon doubled their lead, as he headed home Ander Herrera's sweeping cross.