Tesla Cuts Number of Car Paint Options Available to Boost Productivity

Elon Musk smokes marijuana on a podcast prompting two executives to quit

Musk told employees on Friday afternoon that its third quarter, which comes to a close at the end of September, will be "the most incredible quarter in our history", featuring double the vehicle production and deliveries Tesla achieved in Q2.

"We occasionally adjust pricing and available options to best reflect the value of our products and to streamline our manufacturing operations", a Tesla spokesperson said of the plan to drop some color options. "The issue though is the erratic behavior of CEO Elon Musk".

Tesla stock closed on Monday almost 8.5% higher at US$285.50, just off the session peak at US$286.03. Praised by reviewers, but subject to production delays and reports of inconsistent quality, the vehicle has put pressure on Tesla to prove it can transition from a luxury automaker to a mass-market one.

Shah noted that Tesla could very well out-innovate the competition, and the company may eventually become much bigger than it is today, but it would be wise to remain on the sidelines until the electric vehicle maker has better leadership.

Elon Musk said he is retiring two of seven Tesla color options from his electric auto range on Wednesday - Obsidian Black Metallic and Metallic Silver - to help speed up production times.

Andhra CM announces Rs 2 cut in petrol, diesel price from Tuesday
As it stands, the sales tax the state has imposed on petrol is 30.37 per cent, and that on diesel is 23.81 per cent. In Mumbai, a litre of petrol costs Rs 87.77 and diesel comes for Rs 76.98, the notification said.


Musk started his career as the CEO of PayPal in the late 90's and is now currently the founder, CEO, and CTO of SpaceX, as well as CEO of Tesla, Inc. They have fallen 29 percent from their August 7 intraday high of $387.46 when Musk tweeted about taking the company private. "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or its financial reporting".

Chief accounting officer Dave Morton resigned after just one month in the job because of discomfort with the attention on the company and pace of work during that time, Tesla said in a filing on Friday.

Bernstein's Toni Sacconaghi, for his part, said that Tesla's below $300 share price was an "attractive near-term entry" point, but the analyst remains neutral on Tesla's longer-term performance until investors see if Tesla can pull off Model 3 quality, quantity, and profit margins. So, Tesla stock is receiving contradictory opinions, to say the least.

Tesla shares fell Friday, amid news the company had lost two members of its senior leadership team.

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