Tesla cuts number of stock colours to streamline production

It's Time to Ask: Should Elon Musk Be Out as Tesla CEO?

Buy Tesla shares 'even with drama,' Baird analyst says after factory tour

This streamlining could be because Musk told employees on Friday that Tesla's about to have the most incredible quarter in history. In a note published on Monday, Bernstein analyst Toni Sacconaghi stated that TSLA shares would likely bounce back up after the company's recent drops.

"Musk has a long-standing public feud with short-sellers and often uses his personal Twitter account to taunt and confront skeptics of his company", Left noted in the lawsuit. The world-renowned business magnate is also building underground hyper loops with his company the Boring Company, to solve Los Angeles' traffic crisis, among many other ventures.

The good news is that Tesla is rapidly ramping up Model 3 production, which could take financial pressure off the company.

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"To ditch paint options won't be the last action to simplify the auto production".

Like the iconic Ford Model T more than a century ago, Tesla standardized on black paint as the default option for all its new cars. A freeze on hiring would severely limit the company's production growth.

Andrew Wolfe of Los Gatos, California, bought a Model S in the fall of 2012 and met Guillen at a meeting of Tesla owners in Fremont, where the company has its factory.

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Musk had an interview almost a month ago with the New York Times and described what 2017 was like for him. "Promoting Jerome is a small step in what is a much bigger problem, which is retaining existing talent and recruiting new talent".

"There were times when I didn't leave the factory for three or four days - days when I didn't go outside, " Musk continued. Musk tweeted on August 7 that he was considering taking Tesla private at $US420 per share and had secured the funding, but later reversed course.

The company also named Jerome Guillen, who has a reputation as Tesla's fixer with a good track record of working with Musk, as automotive president. "As long as he doesn't self-destruct, we think this is the reality (show) of being a Tesla investor". According to Yahoo Finance, TSLA is now trading at $280.09 a share, up $16.85 (+6.40%). Optimism about Tesla's M3 progress led analysts at research firm Baird to publish a note Monday urging investors to "buy even with the drama".

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After Tuesday's downgrade, bulls on the stock have become the minority with just nine analysts recommending buy, 11 recommending a hold, and 12 recommending a sell, according to data compiled by Bloomberg.

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