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More To Blame Than Mary Jane As Musk Inhales Tesla's Woes
11 September 2018, 08:05 | Jodi Jackson
: 'No longer investable': One of Tesla's biggest former bulls just slashed his price target, and the stock is tumbling (TSLA)
In a new blog post, Musk predicted that the electric-car maker would build on its second-quarter success and have "the most awesome quarter in our history, building and delivering more than twice as many cars as we did last quarter".
It takes more than a toke on a joint by a CEO to bring down a company these days - and Tesla is no different.
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. "As long as he doesn't self-destruct, we think this is the reality (show) of being a Tesla investor". Tesla shares have also been hit by a round of short selling, sparking more angry tweets, and have dipped accordingly.
On Friday, Musk announced that Guillen, the brains behind the Model 3 assembly line built, against all odds, under a tent outside Tesla's vehicle factory, had been elevated to the new position of automotive president.
With less than three weeks before the end of September, Tesla is now in full throttle as it attempts to reach its target of producing a total of 50,000-55,000 Model 3 this quarter.
"There's been concern about Elon Musk'serratic behavior", Osborne said. Kevin, who has worked for Tesla for six years, will be responsible for "Human Resources, Facilities, Construction, and Infrastructure Development". The Motley Fool owns shares of and recommends Tesla.
At least 19 killed in South Sudan plane crash
Among the three survivors, a 6 year old child, a man of adult age and a European now hospitalized in a critical condition. The aircraft was carrying passengers from Juba International Airport to the city of Yirol when it crashed.