Tesla cuts number of stock colors to streamline production

Elon Musk might be hearing from the Air Force about a certain podcast appearance

Elon Musk might be hearing from the Air Force about a certain podcast

It was the puff tweeted around the world when Tesla CEO Elon Musk shared a few tokes of a joint with comedian Joe Rogan on Rogan's podcast last week.

Investors should still buy Tesla (TSLA)'s stock in spite of all the "drama" surrounding the electric auto maker and its management, an analyst at Baird said after touring the company's factory. Tesla is down more than 25 percent over the past month and has dropped 15.5 percent this year.

Tesla is removing two of its paint options, with CEO Elon Musk suggesting that reducing the range will "simplify manufacturing" as the electric vehicle company tries to ramp up production.

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.

CEO of Tesla has previously noted how the paint shop at the Fremont factory has become a bottleneck for their ambitions production plans.

The analyst has been one of the company's prominent Wall Street skeptics .

In what could only be described as a dash of irony, Tesla recently received an optimistic outlook from a longtime critic as well.

Fans boo Lions for bad offensive effort against Jets
Darnold made the mistake of throwing back across the field on the play, which was designed for him to roll right. Stafford was out of rhythm nearly the entire game, as he completed only 27 of 46 passes for 286 yards.

Black, silver, blue, pearl white and red will still be offered. Now down around 30% from yearly highs, speculators should steer clear of TSLA stock.

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

Musk has always been very interactive with its audience via his podcasts and seminars but there was something unusual during his latest web appearance.

On the same day of the HR announcement, Chief Accounting Officer Dave Morton resigned after working for only one month at Tesla.

Tesla has told investors it expects to turn a profit in the second half of this year, a forecast the company's head of investor relations, Martin Viecha, reiterated at a conference last week sponsored by RBC Capital Markets, RBC analyst Joseph Spak wrote in a note. His leaving reflects "the intensity of (Tesla's) work custom, and is no longer indicative of concerns with fundamentals or monetary reporting", the Baird analysts, led by Ben Kallo, acknowledged. That means you'll have to pay more to get them and probably wait a bit longer for your vehicle, too.

"She's been wonderful and I'm very grateful for everything she's done for Tesla", Musk said in a blog post. Analysts say Tesla may struggle to raise cash until the dark cloud of an SEC investigation is lifted.

Latest News