Tesla surges after bullish analysts say 'buy even with drama'

Tesla shares sink as senior leaders exit company

Shares of Tesla dropped 2 percent in early trading. But his Tesla cars are about to get less colorful.

Musk told employees on Friday afternoon that its third quarter, which comes to a close at the end of September, will be "the most awesome quarter in our history", featuring double the vehicle production and deliveries Tesla achieved in Q2.

Tesla Inc (TSLA.O) will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.

"While we expect investors will continue to question management turnover, particularly given intense scrutiny on the company, we do not think the turnover is indicative of problems with financial reporting at the company", they added.

Musk has taken shareholders on a wild ride lately, engaging in Twitter fights and recently appearing to smoke marijuana, drink whiskey and wield a sword on a live-streamed podcast with comedian Joe Rogan. He reiterated a Market Perform rating and $325 price target on the shares, writing that the stock's recent woes largely stem from four main factors, : potential lawsuits about the go-private tweet heard round the world, Musk's erratic behavior, emerging competition, and executive departures and accounting issues. The stock traded as high as $278.ninety one in midday procuring and selling.

However, other analysts are skeptical that Tesla can accelerate or even maintain this production pace long enough to be profitable.

In June, the company met a long-delayed goal of making 5,000 Model 3s in one week, but in addition to sustaining that rate of production, it has a new hurdle to clear: delivering the $35,000 base-priced version of the Model 3 that prompted Tesla to make the auto in the first place. He will oversee all "automotive operations and program management" and also coordinate the entire Tesla automotive supply chain. Musk indicated the same in May, when he said Tesla would "lose money and die" if it started delivering the base model.

Guardado claims she was dismissed for violating the company's "vague" drug use policy that Musk and Tesla allegedly use to terminate any employee they deem as a "threat".

On August 1, Musk told analysts that Tesla plans to pay off its debt instead of refinancing it. Musk has also shot down speculation that Tesla will need to raise cash by selling more stock.

It charges $2,000 more for pearl white multicoat and red multicoat.

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