The bearish analysis followed a report on Sunday that Saudi Arabia's sovereign wealth fund - the very investor that Musk has described as a linchpin of his plan to take Tesla private - was considering buying a stake in another United States electric-car company.
The stock fell by as much as 6.7 per cent to a three-month low of $285 in morning trading in NY, some way off the $420-a-share take-private offer for which Mr Musk, the company's co-founder and chief executive, claimed to have secured funding this month. "It is not." Musk tweeted at 2:32 a.m. on Sunday.
That said, the mythical $35,000 Model 3 likely won't be available until September at the absolute earliest given that Tesla didn't hit a production rate of 5,000 units per week until the end of June.
A deal with Lucid Motors would also be more in line with PIF's limited resources, given that, despite its $250 billion in assets, PIF has already made substantial commitments to other technology companies or investments, including a $45-billion agreement to invest in a giant technology fund led by Japan's SoftBank Group Corp.
While Tesla and Lucid aren't at all on the same level - Lucid has only shown electric-car prototypes, whereas Tesla produces thousands of cars a month - the prospect of controlling Lucid may have appeal to the Saudis. Musk also told The Times that a search for a second-in-command who could take over most of his daily duties was not active at the moment, even as he admitted to personal struggles and stress over the past year.
Former Indian PM Atal Bihari Vajpayee dies
Vajpayee was born on December 25, 1924 in Gwalior, Madhya Pradesh to a schoolteacher, Krishna Bihari Vajpayee, and Krishna Devi. Caretaker Information Minister Syed Ali Zafar attended the funeral of former Indian premier Atal Bihari Vajpayee on Friday.
Musk said he had no choice but to work long hours because the alternative was potentially catastrophic for Tesla.
Just after 2:30 a.m. Sunday morning, Musk responded, saying that "Ford & Tesla are the only 2 American auto companies to avoid bankruptcy".
He later said that meetings with Saudi Arabia's sovereign wealth fund had given him confidence to announce the news.
Huffington's attempted intervention comes at a time when she's been campaigning in support of the benefits of sleep.
Tesla has presented plenty of challenges for Musk. Reuters claims Lucid expects to begin production before the end of this year, but if anyone has photos of an actual Lucid factory anywhere in the U.S., could you please send them along? Lucid's website is taking refundable $2,500 deposits for the vehicles it plans to eventually sell. The company has since assembled a team recruited from Mazda and Tesla, including Chief Technical Officer Peter Rawlinson, who was chief engineer of Tesla's Model S before joining in 2013. PIF and Lucid have not discussed any talks publicly. Ford ultimately moved on.
Stormy also pulled out of her planned appearance on ITV's Loose Woman on Friday - even though she turned up at the studio. Moore told viewers of Loose Women: "There was a custody development with her daughter late last night".
Pogba's comments came after a series of claims from outside the camp that his relationship with his manager had hit rock bottom. It has to be mentioned here that Pogba had said that there were things that I could not say, as he could well be fined.
Capable of 500 trillion tensor operations per second, the processors can boost AI features such as resolution and scaling. Ray Tracing , however, isn't the only breakthrough technology that the new Quadro RTx chips boast of.
Four months later on June 26, Gillard called Rudd's bluff again at 4pm and was gone in a caucus vote a couple of hours later. Fellow MPs from Mr Dutton's home state of Queensland are also understood to have been encouraged to turn on Mr Turnbull.
The race was delayed almost two hours by a red-flag stoppage for track fencing repairs following a five-car incident on Lap 7. The fencing was shredded and Wickens' auto reduced to just the tub, which came to a rest on the track along an interior wall.
A speechwriter for President Trump has been fired for attending an event featuring prominent white nationalists in 2016. However, McGahn ultimately told investigators that he never saw Trump "go beyond his legal authorities".
This man (Pianeta) couldn't land a blow on me. "Good rounds in the bank, slipping and sliding, I'm happy with the performance". And Fury believes the WBA, WBO and IBF champion Joshua was scared of Wilder and will try to avoid fighting him too.
Uefa also revealed the nominees for team of the year, with Alisson Becker, Gianluigi Buffon and Keylor Navas between the sticks. Perhaps most significantly for Salah last season was his ability to single-handedly guide Egypt to the World Cup.
It has also been alleged that there are audio recordings of Trump using the racial slur, though they have yet to surface. Before joining the administration, Manigault Newman handled African-American outreach for Trump's presidential campaign.
It ends weeks of speculation after an engagement ring was spotted in a photograph of Chopra and Indian actress Raveena Tandon . Nick recently arrived with his parents in Mumbai and since then there were rumours that he is here for their engagement .
PepsiCo buys SodaStream for $3.2B
SodaStream's shares were up 9 percent in Tel Aviv, while its US -listed shares were up almost 10 percent. Shares of SodaStream surged almost 10 percent Monday, while PepsiCo's stock rose slightly.
Investors Query Funding Costs At A Private Tesla
But Tesla isn't quite normal, with the identity and success of the company tied directly to Musk's intelligence and personality. The tweet , which Musk told the Times that "no one had seen or reviewed before he posted it", caused Tesla's shares to rise.
Thousands await rescue amid deadly south Indian floods
More than 300 people have died in Kerala since the monsoon started in June, including 170 since torrential rains began in August. Al Jazeera's Andrew Thomas, reporting from Venmony in Kerala state, said the makeshift shelters needed clean drinking water.
Weed killer found in oat cereal and granola bars
In the USA , the Environmental Protection Agency (EPA) labeled glyphosate a carcinogen in 1985, but reversed its position in 1991. The reliance of the USA company - and now, its German acquirer - on Roundup extends far beyond just selling it as a weed killer.
IS claims deadly Kabul attack on Shiite students
After five days of fighting, Afghan security forces have now regained control of the city, with Taliban fighters pulling out. Mattis said Thursday some Taliban fighters were still holed up in houses in the city "trying to get resupplied".