Haven’t we heard this before?
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Mass producing an affordable EV is hard, it turns out.
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Investors aren’t too fond of the idea of Tesla buying SolarCity.
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Tesla has filed to sell 2.1 million shares in order to raise about $500 million to expand its business.
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Mercedes has sold off its stake in Tesla.
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Tesla shares took a downturn on Tuesday after one of the company’s strongest supporters on Wall Street issued a cautious report regarding Tesla’s growth.
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Tesla just revealed its Q3 financial results and investors aren’t responding positively to the news that the company posted a $38 million loss. Their stock is down around 10 percent, as the company reported adjusted earnings of just $0.12 per share.
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Tesla shares continue to climb, rising seven percent yesterday to hit an all-time high for the American electric automaker.
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