Electric carmaker Tesla Motors Inc (TSLA.O) has reached an out-of-court settlement with 126 Norwegian customers who claimed their cars' performance did not match promises made in the firm's marketing. Lawyers for the owners and the company told the Oslo District Court in a joint letter they wanted to withdraw the case which had been due to start on Monday, a court spokeswoman said. Kaspar Nygaard Thommessen of Oslo-based law firm Wikborg Rein, who represented the car owners, told Reuters a settlement had been reached in recent days and the case had been resolved. He declined to provide details of the settlement. Norwegian business newspaper Dagens Naeringsliv (DN) said on Sunday Tesla had agreed to pay 65,000 Norwegian crowns ($7,700) to each car owner, about half of what they demanded, or allow them to choose from alternative options, including car upgrades. Tesla did not immediately respond to a Reuters request for comment. The case involved Tesla's Model S P85D, which the car owners said had a lower horsepower than stated by Tesla. The company has denied misleading the buyers. While the Model S PD85 is no longer offered in Norway, similar Tesla Model S cars range from $95,000 for the 90D version to $135,000 for the P100D, according to the company's Norwegian price website. Most buyers will also pay for add-ons that raise the price further. Norway is among the world's top markets for electric cars thanks to generous government subsidies aimed at increasing the electrification of transport. The registration of new Tesla cars in Norway fell by 24 percent in the first 11 months of 2016 compared with 2015, according to data from lobby group Road Traffic Information Council (OFV).
Who knows.... Elon Musk will attend Trump's meeting with tech leaders http://www.theverge.com/2016/12/12/13923354/elon-musk-meeting-trump-tesla-spacex
Under President Trump – Tesla will always have easy access to capital – as Tesla is built on “America First” from Day One, which is key to Trump’s presidency Tesla is doubling the size of its Fremont Factory from 5.3 million square feet to more than 12 million square feet Increasing the production capacity from 500,000 units per year to more than 1 million units per year Construction has already begun Tesla is also doubling its production capacity at its Lathrop, CA factory – the All-Glass Roof is very likely being manufactured here Tesla Giga Factory built right here in Nevada – the biggest factory on the planet, and is ahead of schedule Tesla currently employs more than 25,000 people in USA and by the end of 2017, Tesla may have around 35,000 employees Investors will need to adjust their investment thesis on Tesla: The more factories Tesla builds, the higher the Tesla stock goes The more vertically-integrated Tesla becomes, the higher the Tesla stock goes The more workers Tesla hires, the higher the Tesla stock goes The more Tesla spends, the higher the Tesla stock goes
No clear winner yesterday. Bulls failed to push above $195 so the Bears to push below $90. The price at the gray area though Bears upper H
Have you seen today how wonderful market is? Especially tech stocks. And after this meeting the stocks are likely to greatly increase.
Tesla is out of the gray zone, but bulls will be tested next few sessions if they can keep it above 200 level or give SST Selling opportunity.
Elon in NYC today meeting w/Trumpy. Elon is making America Great Again creating high paying jobs at home, building factories, looking to the future with renewable energy. And he's doing it Trump style....debt, debt, and more debt. I would not short this stock!
I think that today makes a lot of people realize that it makes sense to stay with TSLA in the long run.
Lucid Motors unveils its 400-mile range luxury EV https://www.engadget.com/2016/12/14/lucid-motors-unveils-its-400-mile-range-luxury-ev/