Elon Musk Just Released a Rap Song About Harambe the Gorilla

Source Tesla

About US$10 billion of Musk's fortune is derived from Tesla with approximately US$13 billion coming from his stake in closely held rocket business Space Exploration Technologies, according to calculations by the ranking.

After pulling out all the stops to deliver a record 90,700 cars last quarter, Tesla delivered just 63,000 cars this quarter.

The carmaker's shares dropped almost 9% in early trading in NY to $265.9 each.

The company did not provide an update on how many $US35,000 Model 3 orders it received. In Europe and China, the company struggled to quickly get the cars to consumers. In its statement to investors, Tesla said it planned to deliver between 360,000 and 400,000 vehicles this year. "The big question is, what is demand?" But his top lawyer bolted shortly after his February 19 tweet about Tesla's Model 3 production.

RBC analysts called Model S/X deliveries "very disappointing" and estimated the numbers would translate to a more than $1 billion shortfall in revenue compared to previous estimates.

That is also inaccurate and Musk proceeded to correct that the company would deliver 400,00 models but that annualised production would be around 500,000. This seems like an absurd april fools joke, but somehow it's not.

Tesla also pinned the blame for the first-quarter delivery drop to longer transit times, which analysts said could impact cash flow, even though the company claimed it had sufficient cash on hand.

Source Bloomberg
Source Bloomberg

On Wednesday night, Tesla repeated its January 30 vehicle delivery forecast, but said first-quarter deliveries had fallen 31 percent from the prior three months to about 63,000.

Model S and Model X deliveries: 12,100. The drop could potentially translate into Tesla missing revenue estimates by more than US$1 billion.

'Despite pull forward of demand from Q1 2019 into Q4 2018 due to the step down in the federal tax credit, U.S. orders for Model 3 vehicles significantly outpaced what we were able to deliver in Q1.

But the company warned its finances would take a hit amid the delivery challenges and price changes.

Tesla is expected to report its first-quarter financials soon, but it has not yet confirmed a release date.

There's not really much more to say, because there's not really much more to the song. They were down 7.5 per cent in late afternoon trading.

Related news:

Hot News

isis-killer-beheading-video-story-top False ID is ‘like reliving the day,’ Pitzen family says
Apr 05, 2019 - 04:38
Police, however, were cautious throughout the investigation, refusing to discuss the case until DNA results came back. Police say the story of the teenager found wandering streets in Newport, Kentucky, on Wednesday didn't check out.

isis-killer-beheading-video-story-top 'Release the Mueller Report. Now': 300+ Rallies Nationwide to Demand Full Transparency
Apr 05, 2019 - 04:17
Most of the documents were provided, however, and Harriett Miers, the former White House counsel under President George W. Since the delay, the House judiciary committee have approved subpoenas to access the document.

isis-killer-beheading-video-story-top Harry and Meghan take the crown for Instagram record
Apr 04, 2019 - 06:23
The new account has prompted questions as to whether the public will get its first glimpse of Baby Sussex on Instagram. Meghan and Harry are expecting their first child later this month.

isis-killer-beheading-video-story-top Oil prices climbing towards five-month high
Apr 04, 2019 - 05:54
Brent crude rose 26 cents, or 0.4 per cent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019. Distillate inventories decreased by 1.9 million barrels, compared to an expected a draw of 506,000 barrels for the week.

isis-killer-beheading-video-story-top May seeks last-minute Brexit tie-breaker with opposition
Apr 04, 2019 - 05:51
European Commission Vice President Frans Timmermans holds a news conference after the weekly college meeting in Brussels, Belgium, April 3, 2019.

isis-killer-beheading-video-story-top Varane "thinking about" leaving Real Madrid, says agent
Apr 04, 2019 - 05:44
The Premier League side face a race against time to have their ban postponed, with their appeal to be heard on April 11. He has flirted with a transfer for years and recently said he'd made up his mind - but is yet to make it public.

isis-killer-beheading-video-story-top Donald Trump TAUNTS Joe Biden over ‘inappropriate behaviour’ ‘welcome to the world!’
Apr 04, 2019 - 04:28
In the face of that contradiction, Biden says he now understands that he must stop touching people without their permission. Former Vice President Joe Biden speaks during a Democratic event in Dover, Del., on March 16, 2019.

isis-killer-beheading-video-story-top Avengers: Endgame Trailer 3 Breakdown - 13 NEW Things You Need To See
Apr 03, 2019 - 06:26
If you hadn't heard (but how could you not?), tickets for Marvel Studios' " Avengers: Endgame " went on sale this morning . The latest film in the popular Marvel Cinematic Universe - Avengers: Endgame - opens in theaters nationwide, April 26.

isis-killer-beheading-video-story-top Nipsey Hussle: police detain suspect in rapper's shooting
Apr 03, 2019 - 04:54
Moore urged Holder to go to a police station and turn himself in. "There should be no safe haven for this individual", he said. The panic came about 8:15 p.m., Moore said, and "as (the crowd) fled, we had a series of falls and trips and injuries".

isis-killer-beheading-video-story-top After Inspiring Obamacare, Mitt Romney Is Pitching In On Its Replacement
Apr 03, 2019 - 00:32
He claimed that a higher number of Americans paid what was known as the "penalty" for not taking a health plan past year . "Let's talk about pre-existing conditions, because it gets a lot of the attention and rightly so".

isis-killer-beheading-video-story-top Facebook to reveal News Feed algorithm secrets
Apr 02, 2019 - 10:59
The company finally explains exactly why the News Feed displays certain posts, which should help clear up any confusion you might have.

isis-killer-beheading-video-story-top Brexit impasse: British parliament fails to find an alternative
Apr 02, 2019 - 09:12
Announcing his decision to quit the Tory benches, Mr Boles said he would now sit as an independent progressive conservative. Mrs May warned MPs before they rejected her deal that a long extension would "at least delay and could destroy Brexit".

isis-killer-beheading-video-story-top What Biden controversy could mean for a potential campaign
Apr 02, 2019 - 08:58
There is a Spanish saying, 'tragame tierra, ' it means, 'earth, swallow me whole.' I couldn't move and I couldn't say anything. Having established proper disdain for his serial incursions, I nonetheless can not suggest that he should face political ruin.

isis-killer-beheading-video-story-top Boeing: More time needed to fix troubled 737 Max
Apr 02, 2019 - 08:40
One pilot, according to the Wall Street Journal , said to the other "pitch up, pitch up!" before their radio died. The planes Mcas flight control system is under investigation as a possible cause of the crashes.

isis-killer-beheading-video-story-top Rapper Nipsey Hussle Killed in Los Angeles Shooting
Apr 02, 2019 - 06:57
Hussle and his business partner had recently purchased the plaza that houses the clothing store, according to Forbes . Nipsey Hussle is survived by his two children, Kross Asghedom and Emani Asghedom, and his girlfriend, Lauren London .