CrunchMoney

Elon Musk is notorious for his outspoken statements on Twitter regarding announcements of Tesla and just being himself - a funny, ambitious individual. Well, on August 7, he went beyond his typical style and tone when he commented on a possibly eventual change to Tesla, which could greatly impact its business and its quest towards profitability. On that day, he tweeted that he was considering taking the company private, just after reports came out that Saudi Arabia invested $2B in Tesla and just one week later from reporting earnings. Using social media to announce such a large-scale change is unprecedented. His proclamation allowed the stock to rise 7%, which prompted the stock to temporarily cease trading as the SEC became doubtful whether Elon Musk's tweet was legitimate and not used for manipulative tactics to artificially increase the stock price. Additionally, Musk claimed that he had "funding secured" to ensure the action, but the sources for this funding are cu...

Tesla CEO Elon Musk All eyes were on Tesla's 2nd quarter conference call today, and to say the least, this report was a make or break moment for Tesla. In the derivative markets, implied volatility (IV) was at over 7%. This means that the options market predicted that Tesla's stock would either rise over 7%, or fall over 7%. These predictions held true, with the stock soaring 9% in after-hours trading. This earnings report was definitely great for Tesla investors, who have recently witnessed the stock fall from November highs of $380 to the high 200's. But there was a lot of pain involved too, as Tesla is the most shorted stock in the S&P 500. Prominent investors including billionaire David Einhorn and billionaire Jim Chanos are short on Tesla, and short sellers are estimated to have lost over $1 billion just today alone! Major points of contention for the conference call included Model 3 production, raising additional capital, and Elon Musk's tem...

The world and human society is consistently evolving. What life was like twenty years ago will not be the same as to what life is like today. Twenty years ago, people relied on books and newspapers to receive their information. Now, they just throw a Google search or go onto Twitter to discover and learn new information. However, these changes in everyday lifestyle occasionally obscure innovations in other fields that intend to improve the general world. One of these innovations is electric cars. In the past decade, electric cars have generated more demand and enthusiasm due to its environment consciousness, economic advantages compared to petroleum, and technological advancements that also account for better performance and range than the electric cars in the past. The "electric revolution" has largely been inspired and initiated by one company - Tesla. Tesla has become the epitome of electric cars. Its stunning design and outlasting performance with top-tier software inc...