Tesla is trading down ahead of Wednesday's earnings report

Panasonic Says Gigafactory Battery Output to Increase for Tesla's Model 3

That's the message this week from Nomura Instinet, which reiterated its Buy rating on the electric automaker, noting Tesla will eventually figure out its production issues with the new Model 3 sedan.

Electric-car maker Tesla Inc. swung to a $671 million loss in the third quarter as it struggled to ramp up production of its new Model 3 small auto.

"While we continue to make significant progress each week in fixing Model 3 bottlenecks, the nature of manufacturing challenges during a ramp such as this makes it hard to predict exactly how long it will take for all bottlenecks to be cleared or when new ones will appear", Tesla said in a statement. Zacks Investment Research cut shares of Tesla from a hold rating to a sell rating in a research note on Wednesday, October 18th.

Lawmaker says social media still being abused
The controversy hasn't kept people away either, as Facebook reported continuing gains in its already massive user base. Numerous ads purchased during the 2016 election focused on divisive social issues like immigration and gay rights.

The company reported a loss of $671.1 million, or $3.70 a share, compared to a profit of 21.9 million, or 14 cents a share, for the same period a year ago.

Last month, Tesla reported it delivered 26,150 vehicles in the third quarter, a 4.5 percent rise on the same period of 2016. A the time, Tesla wouldn't say much more beyond that i's "committed to the Chinese market" and interested in exploring manufacturing facilities around the world.

Tesla's shares jumped slightly on Tuesday when Panasonic's CEO Kazuhiro Tsuga, a production partner, said the Model 3's delays came from problems in automating its battery production line and those problems have been addressed.

Carolina Panthers Trade WR Kelvin Benjamin
But remember that Panthers GM Marty Hurney and first-year Buffalo GM Brandon Beane (a former Panthers lifer) are long friends. The 6-foot-5, 245-pound Benjamin is a great deep ball threat and red zone receiver for Bills QB Tyrod Taylor .

The firm also delayed its production target for its new Model 3 vehicle. On Tuesday, Tsuga acknowledged the bottlenecks could impact earnings, but said the contract with Tesla was created to hedge various risks. For the first quarter of fiscal 2018, the company plans on producing 5,000 Model 3 vehicles per week. Jessica Caldwell, the director of industry analysis with the auto research website Edmunds.com, said prospective Model 3 buyers have more patience than the average vehicle buyer.

Thousands of Model 3s were supposed to have been sold by now.

Tesla's continued need for cash is exacerbated by Musk's insistence on vertical integration, such as making its own batteries and selling cars directly to customers.

Destiny 2 Curse of Osiris Revealed at Sony Press Conference
The DLC features a new set of campaign missions set after the conclusion of the Destiny 2 story. This comes as a disappointment to most Guardians due to how expansions released for Destiny 1.

Trip Chowdry, a senior analyst at global equities research, cautioned against investor panic as well. "They are learning from their failures and they're very quick to overcome them".

Related news:

Hot News

isis-killer-beheading-video-story-top Okafor asks Sixers for buyout
Nov 02, 2017 - 01:11
I'm just anxious about my career. "Bryan just didn't deem they were fair, which I understand, I'm a No. 3 pick [in 2015]". Okafor averaged 17.5 points and 7.0 rebounds as a rookie before falling to 11.8 and 4.8, respectively, last season.

isis-killer-beheading-video-story-top Romelu Lukaku is 'untouchable', says Jose Mourinho
Nov 01, 2017 - 01:11
The youngest goalkeeper in Champions League history is now the youngest player to score an own goal in the competition too. Goals Manchester United have scored after the 80-minute mark this season. "Nobody here thinks about Chelsea".

isis-killer-beheading-video-story-top FDA warns that black licorice can cause heart problems
Nov 01, 2017 - 01:11
Many "licorice" or "licorice flavor" products manufactured in the United States do not contain any licorice. The problem is caused by glycyrrhizin , which is a sweetening compound in the licorice root.

isis-killer-beheading-video-story-top El Shaarawy strikes twice as Roma rout Chelsea 3-0
Nov 01, 2017 - 01:10
Perotti nearly doubled his tally and turned the game into a rout just minutes after his goal after some excellent work from Dzeko. Chelsea travel to Italy to take on AS Roma and hopefully secure qualification to the next stage of the Champions League .

isis-killer-beheading-video-story-top Judge set to rule on suspension of Dallas Cowboys RB Elliot
Nov 01, 2017 - 01:09
The NFL suspended Elliott on August 11 following allegations that he had abused his ex, Tiffany Thompson, in July 2016. On Tuesday, the NFLPA announced its intent to file an emergency motion seeking an injunction from a 2nd Circuit court.

isis-killer-beheading-video-story-top Browns Botched AJ McCarron Trade
Nov 01, 2017 - 01:08
The proposed compensation for McCarron would have been a second- and third-round pick in 2018, a source confirmed to Schefter . He completed 66.4 percent of his 119 pass attempts for 854 yards while throwing 6 touchdowns and 2 interceptions.

isis-killer-beheading-video-story-top U.S. forces catch suspect in deadly 2012 Benghazi attack
Nov 01, 2017 - 01:07
The attackers later fired mortar rounds at a Central Intelligence Agency building, killing two former Navy Seals. Earlier this month, another man accused in Benghazi, Ahmed Abu Khattala, went on trial in federal court.

isis-killer-beheading-video-story-top Russian embassy employees not hurt in explosion in Kabul - spokesman
Nov 01, 2017 - 01:01
Initial reports suggest that the suicide bomber detonated explosives inside Kabul Green Zone close to Australian embassy. Afghan security forces stand guard at the explosion site in Kabul , capital of Afghanistan , on October 31, 2017.

isis-killer-beheading-video-story-top U.S. military investigating whether navy Seals killed Green Beret
Oct 31, 2017 - 01:26
Melgar , a Lubbock native and graduate of Frenship High School, was found dead in his room in an embassy out of Mali. Investigators suspect that Melgar did not die from natural causes, defense officials told Reuters.

isis-killer-beheading-video-story-top Driver Killed By 12-Year-Old Jumping From Overpass Was Towson Grad
Oct 31, 2017 - 01:25
Harris' family said the woman's boyfriend was a passenger in the auto and took control and steered it off the interstate. Virginia State Police spokeswoman Corinne Gelle said the incident took place Saturday afternoon on Interstate 66.

isis-killer-beheading-video-story-top Selena Gomez Gets Emotional In This New Video About Her Life-Saving Surgery
Oct 31, 2017 - 01:24
When Raisa realized that her friend was becoming weak, she shared a home with Gomez. "And I asked what's wrong", Raisa said. While her illness was at a "life or death" point before the transplant, Gomez's health has now been transformed.

isis-killer-beheading-video-story-top Over 7 million Nintendo Switch consoles shipped ahead of Christmas
Oct 31, 2017 - 01:24
Nintendo said it sold 22m games in the period, with shooter Splatoon 2 and Mario Kart 8 Deluxe proving particularly popular. The company raised its full-year sales forecast to 14 million units, up from the earlier outlook of 10 million.

isis-killer-beheading-video-story-top Federal Court Blocks Trump's Transgender Military Ban
Oct 31, 2017 - 01:11
A federal judge on Monday partially blocked President Trump's ban on transgender recruits to the military . Transgender individuals were to be allowed to enlist in the military effective January 1, 2018.

isis-killer-beheading-video-story-top Kurdish Regional Govt to hold presidential polls in Nov
Oct 30, 2017 - 02:41
Barzani is considered to be an architect of the independence referendum held in Kurdistan on September 25. Some of the protestors were seen carrying clubs.

isis-killer-beheading-video-story-top 76ers' rookie Fultz (shoulder) out indefinitely
Oct 30, 2017 - 02:38
The last thing Sixers fans want is Fultz play through with the rough injury that affects how he plays the game in a major way. Fultz's pull-up shooting game was an enormous part of his success at Washington and why he was so highly rated as a prospect.