Tesla shares climb on Musk's promise of 'amazing' quarter

Tesla shares climb on Musk's promise of 'amazing' quarter

Tesla shares climb on Musk's promise of 'amazing' quarter

The analysts said they came away even more positive on Tesla after a visit to its Fremont, California factory.

Tesla's Gigafactory, its lithium-ion battery-production facility, "creates a significant barrier for competition and manufacturing capability" that should benefit Tesla over the long term, Kallo and Katter said.

Tesla was already under pressure before the note.

Elon Musk's prediction last July that the Model 3's production hell is coming to an end seems to be ringing true.

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But the carmaker's stock dropped about 7 percent in total over the next two trading sessions on skepticism over the deal's financing and the news that the U.S. Securities and Exchange Commission to Tesla.

Anxious about what he called the "erratic behavior of CEO Elon Musk", Shah trimmed his price target to $300 from $400 - still 5% above Tesla's Monday closing price, but a huge cut.

The podcast stunt follows a tumultuous August in which Musk tweeted that funding had been "secured" to take Tesla private at $420 a share.

"Tesla is in a cash pinch", Cowen & Co. analyst Jeffrey Osborne said in an interview.

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Though the company has faced production issues, concerns about financial health, a reported investigation from the SEC, and questions about the decision-making of Musk. That was the day before Musk announced his plans to take the company private via tweet. Gill has an "underperform" rating on Tesla. But don't worry, if you really want them, they can be made available as a special request, just as long as you're willing to pony up a bit more than their current $1,500 price tags.

Tesla stock tumbled again last week after the company's chief accounting officer suddenly resigned after less than a month on the job. After lowering the cost of its dual-motor auto just one month ago, Tesla has raised the retail price of its all-wheel-drive vehicle back from $54,000 to $55,000, representing a 20 percent increase from its single-motor Model 3 equipped with a long-range battery.

"We could raise money, but I think we don't need to, and I think it's better to just not", Musk said.

There have also been a series of weird tweets from Musk, several accusing the diver who saved the boys' soccer team trapped a waterlogged cave in Thailand of being a pedophile.

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