Tesla cuts prices for second time this year due to poor sales.
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On Sunday, Musk tweeted that he planned soon to publish part two of his “top secret Tesla masterplan,” prompting widespread speculation that he might reveal more details about a possible Tesla-SolarCity merger.
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This guy is a grade-A flim-flam artist.
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On Wednesday, Barclays analyst Brian Johnson gave Tesla a D grade – just above failing – for financial stewardship, noting that Musk’s original 2006 masterplan “dug a $4.2-billion hole” for the company. Johnson reiterated the bank’s $165 share price target and “underweight” rating.
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What an excellent company.
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Tesla said on Wednesday a new version of the Model X crossover, the 60D, will be priced from $74,000, $9,000 less than the Model X 75D. Equipped with a 60kWh battery, the 60D has less torque and a shorter range between charges than the 75D.
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But they promised that the technology could be scaled! Free charging stations everywhere! Well, maybe not free.