• 'Dunno where this bs came from': Elon Musk slams claims that Tesla Model 3 cancellations are outpacing deposits

    26 days ago - By Business Insider

    Elon Musk took to Twitter on Thursday night to defend Tesla after a New York investment bank downgraded the electric car company's shares that morning.
    The firm suggested Tesla Model 3 cancellations are outpacing orders.
    Musk responded with a tweet calling the suggestion 'bs' and then gave specific order numbers.
    Tesla , CEO Elon Musk took to Twitter on Thursday night to dispute rumors that Model 3 cancellations are outpacing orders. The move came after Needham & Co., a New York-based investment bank, downgraded Tesla shares from hold to sell.
    Needham's report , which included several...
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  • Elon Musk Responds Hours After Analyst Report Citing Model 3 Cancellations Hits Tesla Stock

    Elon Musk Responds Hours After Analyst Report Citing Model 3 Cancellations Hits Tesla Stock

    27 days ago - By Fortune

    Tesla CEO Elon Musk has tried to correct the record after an analyst report surfaced on Thursday saying his Model 3 is in trouble.
    In a tweet late on Thursday, Musk called an analyst report that said Model 3 cancellations are double today where they were last year at the same time and higher than orders “bs.” Musk added that last week, Tesla had 5,000 Model 3 “new net orders.” Net orders refers to total orders, less cancellations.
    Musk's comment came after Needham & Co. analyst Rajvindra Gill told investors that refunds for the Model 3 “are outpacing deposits as cancellations accelerate.”...
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