Tesla cuts number of standard colour options in bid to streamline production

Elon Musk smokes marijuana on a podcast prompting two executives to quit

The company has said that it expects to become consistently profitable beginning in the third quarter and, on Friday, CEO Elon Musk said in an email to employees that was posted on Tesla's website that the third quarter will be the "most fantastic quarter in our history".

Like the iconic Ford Model T more than a century ago, Tesla standardized on black paint as the default option for all its new cars.

Elon Musk's efforts to streamline production at Tesla have gotten down to the paintwork.

Tesla Inc. shares received a shot in the arm Monday after Wall Aspect twin carriageway analyst notes that instructed the most fresh selloff might perchance perchance perchance simply be a huge gamble to possess the stock at a low cost.

Tesla shares are down 3.9 percent Tuesday. During the second quarter, the switch seemingly flipped ...

Nomura Instinet said Tesla remains "positioned to deliver unprecedented revenue growth" because its control of the supply chain and battery manufacturing technology places it ahead of other companies developing electric cars. "Notwithstanding improving fundamentals, we believe that Tesla is in need of better leadership (an about-face) and are moving to the sidelines until we see what happens with management", Shah wrote. The bonds traded for just 84c on the dollar, down from 98c a year ago.

Elon Musk said he is retiring two of seven Tesla color options from his electric auto range on Wednesday - Obsidian Black Metallic and Metallic Silver - to help speed up production times.

"However, it is unclear to us that any of these are deal breakers for the stock". Needham analyst Rajvindra Gill struck a extra cautious tone on Tesla, highlighting longer-time interval hurdles for the firm. In the past year and a half, "retreats in the stock below $300 per share have usually presented attractive near-term entry points, and we suspect the same may be the case following last week's turmoil".

Tesla will report its quarterly vehicle deliveries early next month.

The decision may have something to do with the email Musk sent Tesla employees on Friday. That strategy paid off as Tesla built a huge lead in the electric vehicle race, although that position is under assault from intense competition by rival manufacturers such as Mercedes-Benz and Ford.

Disclosure: Author owns shares of Ford.

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