<< Read Full Article
<< Read Full Article
Electric Sportscar Maker Deals With Market 'Freefall'
- Loading Comments...
Written by Jennifer Kho
Just a few months ago, Tesla Motors was touting its plans to build a $250 million factory for its second model, while boasting that it would reach production of up to 50,000 vehicles a year and go public.
"Tesla has amazing momentum right now. The excitement within the company is palpable," Tesla Chairman Elon Musk said in a written statement in September.
Then last week, things changed. The company announced layoffs, the second CEO switch in less than a year -- putting Musk in the top position -- and the delay of its second model, the Model S sedan. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet