Timeline: Main events in Tesla's history as a public
company
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[August 11, 2018]
(Reuters) - Here are some of
the key events in Tesla Inc's <TSLA.O> turbulent history as a public
company.
June 29, 2010 - Chief Executive Elon Musk and team ring the Nasdaq
opening bell as Tesla becomes the first car company to go public in the
United States since Ford Motor Co in 1956.
June 22, 2012 - Tesla delivers the all-electric Model S to its first
customers at Tesla's factory in Fremont, California.
May 8, 2013 - Tesla reports its first quarterly profit. In October 2016,
it reports its only other quarterly profit to date.
May 4, 2016 – Musk surprises investors by announcing plans that are two
years ahead of schedule to build 500,000 vehicles in 2018, about 6 times
its 2016 production level - and 1 million vehicles in 2020.
June 21, 2016 – Tesla announces its plan to buy Solar City, a solar
energy system company in which Musk holds a stake, for $2.9 billion.
July 28, 2017 – Musk hands over the first Model 3s to employee buyers,
announcing over half a million advance reservations for the new electric
sedan starting at $35,000. Musk anticipates "at least six months of
manufacturing hell."
Nov. 1, 2017 – Tesla pushes back its target to build 5,000 Model 3s per
week to the first quarter of 2018 from an original target of December
due to "production bottlenecks."
Jan. 3, 2018 - Tesla pushes back its production target for the Model 3
sedan for the second time, now to the end of the second quarter of 2018.
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A Tesla logo adorns a 'Model S' car in the dealership in Berlin,
Germany, November 18, 2015. REUTERS/Hannibal Hanschke/File Photo
April 3, 2018 – Musk says Tesla will not need to raise more capital in 2018.
Shares jump as much as 6.9 percent.
May 2, 2018 - Tesla shares slump after Musk cuts off analysts on a conference
call asking about company finances, criticizing their "boring, bonehead"
questions. Tesla loses $2 billion in stock market value.
July 1, 2018 – Tesla factory workers produce more than 5,000 Model 3 sedans
during the last week of June, hitting Musk's goal.
Aug. 1, 2018 – Tesla reports its biggest-ever loss but shares rise on Musk's
claims of positive cash flow and profit in the second half of 2018, and signs of
more consistent Model 3 production.
Aug. 7, 2018 - Musk surprises investors by using Twitter to announce he is
considering taking Tesla private at $420 per share, adding "Funding secured."
(Compiled by Vibhuti Sharma and Akabsha Rana in Bengaluru and Alexandria Sage in
San Francisco; Editing by Bill Rigby)
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