Oh, Tesla Inc. (TSLA) .
Can't live with it, can't live without it.
Or, maybe you can.
Anyway, Tesla is constantly making headlines. Let's dig into why.
Elon Musk Is on Fire on Twitter
But maybe not in a good way. Musk took to Twitter a lot this week to air his many grievances. On Monday, May 21, he went on a Twitter rant defending Tesla's workers rights to unionize. Grimes, Musk's girlfriend, even jumped in. In a since-deleted tweet, Grimes said that she "investigated heavily." However, United Auto Workers don't believe Grimes or her boyfriend. The UAW filed a complaint with the National Labor Relations Board on Wednesday.
I wish that was all.
Musk also drew criticism after he declared his intention to create a site to ensure journalistic credibility.
Going to create a site where the public can rate the core truth of any article & track the credibility score over time of each journalist, editor & publication. Thinking of calling it Pravda …— Elon Musk (@elonmusk) May 23, 2018
Musk hasn't been very friendly with the press for a while now. On Tesla's Q1 earnings call, Musk went after the media for only covering when an autonomous vehicle crashes.
TheStreet's Brian Sozzi tracked down the numbers, "According to the Tesla experts on Twitter @Teslacharts, Musk is now up to tweeting eight times a day, on average. That's up markedly from the mid-four range Musk averaged for most of 2017."
Maybe it's time to set down that phone for a little bit, Elon.
What's That About the Model 3 Being for the Masses?
Oh, I must have misheard.
While the Model 3 was originally going to be offered at an affordable $35,000, it's become clear that Tesla can't afford to make money off of that. Enter in the $78,000 model.
Jonas Elmerraji, a contributor for TheStreet, quickly tried to reassure panicked Tesla fanatics.
"The people who seem to think that the existence of a $78,000 Model 3 has any bearing on Tesla actually producing a $35,000 version of the car seem to not understand how car models work. Tesla isn't pulling a bait-and-switch here. Heck, it's not even doing anything that pretty much every other car brand on the planet hasn't been doing for decades," said Elmerraji.
Tesla fanatics, you may still be able to get your affordable luxury car. Well, after Tesla produces five cars a week.
The Model 3 Didn't Blow Consumer Reports Away
The Model 3 didn't get a great review from Consumer Reports. The report, which was released on Monday, May 21, said that, while the Model 3 is sleek and aesthetically nice, the test drivers had some problems with the brakes. Apparently, Consumer Reports kept getting different brake lengths. That's not great news for anyone looking to invest in the car.
You Think That's It?
Hah. It's just the start.
Analysts wouldn't be surprised to see Tesla stock shoot up to $500 a share.
OK, OK, I think that's it for this week. But hey, it makes for some good weekend reading, right? You gotta love how news-y Tesla is.