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Tesla Inc (TSLA) Slashes Production of Two Cars, Misses Q3 Estimates

02 November 2017

By the time trading ended on Wall Street on Wednesday, TSLA shares were down 3.15% to $321.08. The company has more than 400,000 advanced reservations, but has been struggling to boost production after falling into what CEO Elon Musk has dubbed "production hell".

Nomura restated their buy rating on shares of Tesla Inc. Barclays PLC restated a sell rating on shares of Tesla in a research note on Sunday, October 15th. Following the completion of the sale, the vice president now owns 1,736 shares of the company's stock, valued at $589,354.64.

The company's consensus rating on Reuter's scale slipped from 1.95 to 1.89 during a month. Tesla had initially said it could hit that rate during the current quarter. 732,944 shares of the stock were exchanged. The stock's market cap is $54.42 billion. The stock's 50-day moving average price is $350.92 and its 200-day moving average price is $341.49.

Florida, Jim McElwain part ways; DC Randy Shannon named interim coach
He earned raises and contract extensions after both years, including one from his new athletic director, Scott Stricklin. Once McElwain's dismissal becomes official, UF will launch a national search for his replacement.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, August 2nd. So far, the company has reported that only 260 have been produced. The business had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.50 billion. Revenue was $2.98 billion for the three-month period, up from roughly $2.30 billion a year ago. During the same period in the previous year, the firm posted ($1.06) earnings per share.

Tesla's soaring stock has made the company the second-most valuable US automaker behind General Motors Co (GM.N), which had annual net profit of $9.4 billion in 2016.

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Territory lost by Kurds in Iraq
Within two days of the referendum Iraqi forces took over territory that had been held by the Kurds, including Kirkuk. The protesters broke into the assembly and attacked lawmakers and journalists until police subdued them.

Baillie Gifford & Co. lessened its stake in Tesla Inc.

This stock (TSLA) is ahead of its 52-week low with 86.05%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $355.20, for a total transaction of $777,888.00. The disclosure for this sale can be found here. Its last month's stock price volatility remained 1.45% which for the week approaches 1.58%.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Tesla by 2.0% during the first quarter.

Space Has Never Sounded Scarier Than On NASA's Halloween Playlist
The US space agency has put together a SoundCloud playlist of eerie sounds from space and it's sure to send shivers up your spine. However, the noises were actually a spacecraft being struck by dust particles and rocks from the comet Tempel 1 back in 2011.

The stock fell 4.3% in after-hours trading. It maintained its 335 billion yen (£2.2 billion) forecast for the year ending March. Cornerstone Advisors Inc. raised its holdings in Tesla by 2.3% during the 2nd quarter. Sterling Investment Advisors Ltd. raised its holdings in Tesla by 2.2% during the 2nd quarter. Finally, Aperio Group LLC raised its stake in Tesla by 16.9% in the 2nd quarter.

Tesla Inc (TSLA) Slashes Production of Two Cars, Misses Q3 Estimates