

Investor's Corner
Elon Musk addresses Tesla Model 3 production delays in CBS interview
Elon Musk recently talked about the ongoing Model 3 production delays in an interview with CBS This Morning’s Gayle King. During his conversations with the news anchor, Musk addressed the Model 3’s delays and even touched on the issue of reservation holders who have canceled their orders for the car.
King noted that Musk knows he has fallen way behind the production goal for the Model 3. In an exchange, King asked Musk if customers should be worried about Tesla’s capability to deliver their orders.
“Should customers be worried about what’s happening with their Model 3, and when they will get their Model 3?” King asked.
“It’s best to look at those not in an exact numerical way, but on a calendar basis. It shouldn’t be a question of whether somebody’s gonna get their car. It’s just, ‘Yes, you’re definitely gonna get your car. It’s gonna to be 6-9 months later than expected,” Musk responded.
“Are you saying people don’t really need to be worried?” King asked.
“It’s a 6-9 month time shift, and three of those have already passed,” Musk said.
Musk also addressed King’s inquiry about cancellations of Model 3 orders. According to Musk, most of the customers who opted out of their reservations needed a car quickly. Unfortunately, it was a car that Tesla could not provide in a timeline that the customer required.
- Elon Musk gives a rare look into the Model 3 production line. [Credit: CBS This Morning/YouTube]
- Elon Musk gives a rare look into the Model 3 production line. [Credit: CBS This Morning/YouTube]
- Elon Musk gives a rare look inside the Model 3 production line. [Credit: CBS This Morning/YouTube]
In one exchange, Musk described how the Model 3 ramp had been a difficult and painful process for the past several months. When prompted by King, Musk stated that recently, he has been sleeping on the factory floor, which the CEO says is not a fun place to sleep in. Musk said that he does not think it is right for the Tesla team to take on the challenge of building the Model 3 while he is relaxing somewhere.
“I don’t believe like people should be experiencing hardship while the CEO is like off on vacation.”
In post-interview statement on CBS This Morning, King noted that Musk ultimately admitted that manufacturing the Model 3 has been harder than he initially thought. Despite this, however, the CEO stated that he has several strategies in mind that he believes will make a difference and accelerate the production ramp of the mass market compact electric car.
Musk’s decision to go back to sleeping on the Fremont factory’s floor echoes much of Tesla’s challenges during the initial days of the Model X’s production. As we noted in a report from May 2016, Musk revealed in an earnings call that he literally had a sleeping bag at the end of the Model X production line.
“I’m personally spending an enormous amount of time on the production line. I have a sleeping bag and desk at the end of the production line which I use quite frequently. The whole team is focused on achieving a high [production] rate and quality,” Musk said then.
As the following years would ultimately prove, Tesla would eventually iron out its kinks with the Model X’s production. Today, the electric SUV is being produced at roughly the same rate as the company’s iconic sedan — the Model S. Thus, if there is anything that can be determined from Tesla’s challenges with the Model 3 and Musk’s way of addressing them, it seems like the carmaker is closing in on exiting its proverbial “production hell.”
Watch Elon Musk’s conversation with CBS This Morning‘s Gayle King in the video below.
Investor's Corner
Tesla welcomes Chipotle President Jack Hartung to its Board of Directors
Tesla announced the addition of its new director in a post on social media platform X.

Tesla has welcomed Chipotle president Jack Hartung to its Board of Directors. Hartung will officially start his tenure at the electric vehicle maker on June 1, 2025.
Tesla announced the addition of its new director in a post on social media platform X.
Jack Hartung’s Role
With Hartung’s addition, the Tesla Board will now have nine members. It’s been a while since the company added a new director. Prior to Hartung, the last addition to the Tesla Board was Airbnb co-founder Joe Gebbia back in 2022. As noted in a Reuters report, Hartung will serve on the Tesla Board’s audit committee. He will also retire from his position as president and chief strategy officer at Chipotle, and transition into a senior advisor’s role at the restaurant chain, next month.
Hartung has had a long career in the Mexican grill, joining Chipotle in 2002. He held several positions in the company, most recently serving as Chipotle’s President and Chief Strategy Officer. Tesla highlighted Hartung’s accomplishments in a post on its official account on X.
“Over the past 20+ years under Jack’s financial leadership, Chipotle has seen significant growth with over 3,700 restaurants today across the United States, Canada, the United Kingdom, France, Germany, Kuwait and the United Arab Emirates. Jack was named ‘CFO of the Year’ by Orange County Business Journal and Best CFO in the restaurant category by Institutional Investor,” Tesla wrote in its post on X.
Tesla Board and Musk
Tesla is a controversial company with a controversial CEO, so it is no surprise that the Board of Directors tend to get flak as well. Two weeks ago, for example, Tesla Board Chair Robyn Denholm slammed The Wall Street Journal for publishing an article alleging that company directors had considered a search for a potential successor to Elon Musk. Denholm herself has also been criticized for offloading her TSLA shares.
More recently, news emerged suggesting that the Tesla Board of Directors had formed a special committee aimed at exploring a new pay package for CEO Elon Musk. The committee is reportedly comprised of Tesla board Chair Robyn Denholm and independent director Kathleen Wilson-Thompson, and they would be exploring alternative compensation methods for Musk’s contributions to the company.
Investor's Corner
Rivian stock rises as analysts boost price targets post Q1 earnings
Rivian impressed with smaller-than-expected losses & strong revenue, pushing analysts to raise price targets.

Rivian stock is gaining traction as Wall Street analysts raise price targets following the electric vehicle (EV) maker’s first-quarter earnings report. Despite a dip after the announcement, optimism surrounds Rivian’s cost control and upcoming lower-priced cars.
Last week, Rivian reported a better-than-expected Q1 gross profit, surpassing Wall Street’s forecasts with adjusted losses of $0.48 per share against expectations of $0.92 per share. The company also reported a revenue of $1.24 billion compared to the $1.01 billion anticipated.
However, the EV automaker cut its 2025 delivery forecast and capital spending due to President Donald Trump’s tariffs. It explained that it is “not immune to the impacts of the global trade and economic environment.” RIVN stock dropped nearly 6% post-earnings, closing at $12.72 per share.
Wall Street remains upbeat about Rivian, citing progress toward launching lower-priced vehicles in 2026 and effective cost management. On Monday, Stifel analyst Stephen Gengaro raised his RIVN price target to $18 from $16, maintaining a “Buy” rating. He highlighted Rivian’s “solid progress” toward key milestones.
Conversely, Bernstein’s Daniel Roeska gave RIVN a “Sell” rating. However, Roeska also lifted his Rivian price target to $7.05 from $6.10, acknowledging “better” Q1 results. He warned that profitability remains distant and hinges on multiple product launches by the decade’s end.
Overall, Wall Street’s average price target for RIVN climbed from $14.18 to $14.31, a modest 13-cent increase reflecting positive sentiment. About one-third of analysts covering Rivian rate it a Buy, compared to the S&P 500’s average Buy-rating ratio of 55%.
On Monday, Rivian stock rose 2.7% to $14.64, slightly trailing the S&P 500 and Dow Jones Industrial Average, which gained 3.3% and 2.8%, respectively. The uptick may also stem from broader market gains tied to news of a temporary U.S.-China tariff suspension.
As Rivian navigates trade challenges and scales production at its Illinois factory, its Q1 performance and analyst support signal resilience. With lower-priced EVs on the horizon, Rivian’s strategic moves could bolster its position in the competitive EV market, offering investors cautious optimism for long-term growth.
Investor's Corner
Tesla (TSLA) poised to hit $1 trillion valuation again amid reports of Trump China deal
TSLA stock was up about 8% at $322.56 per share on Monday’s premarket.

Tesla shares (NASDAQ:TSLA) are on a tear on Monday’s premarket amidst reports that the United States and China have agreed to significantly roll back tariffs on each other’s goods for an initial 90-day period.
As of writing, the premarket price of TSLA shares suggests that the electric vehicle maker might end Monday with a $1 trillion valuation once more.
Tesla and China
TSLA stock was up about 8% at $322.56 per share on Monday’s premarket. As noted in a report from Barron’s, these prices suggest that the company could achieve a trillion-dollar valuation again, a level not seen since late February. Similar to Tesla, the S&P 500 and the Dow Jones Industrial Average were also up 2.8% and 2.1%, respectively, on Monday’s premarket.
The United States and China’s decision to roll back its tariffs would likely be appreciated by CEO Elon Musk. Despite working for the Trump administration’s Department of Government Efficiency (DOGE), and despite Tesla being least affected by the Trump administration’s tariffs due to its strong domestic supply chains in the United States, China, and Europe, Musk has noted that he is a supporter of non-predatory tariffs.
The United States and China’s Agreement
In a joint statement from the United States and China posted on the White House’s official website, the two countries agreed to lower reciprocal tariffs on each other by 115% for 90 days. This means that the United States will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, as noted in an ABC 12 report. China, on the other hand, will also lower its tariffs on American goods from 125% to 10%.
The talks were led by Chinese Vice Premier He Lifeng and Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, as per the joint statement. Bessent shared his thoughts about the matter in a comment in Geneva. “The consensus from both delegations is neither side wants to be decoupled, and what have occurred with these very high tariffs … was an equivalent of an embargo, and neither side wants that. We do want trade. We want more balance in trade. And I think both sides are committed to achieving that,” he said.
A spokesperson from China’s Commerce Ministry also shared a statement about the matter. As per the spokesperson, the deal was an “important step by both sides to resolve differences through equal-footing dialogue and consultation, laying the groundwork and creating conditions for further bridging gaps and deepening cooperation.”
-
News2 weeks ago
Tesla Cybertruck Range Extender gets canceled
-
Elon Musk6 days ago
Tesla seems to have fixed one of Full Self-Driving’s most annoying features
-
Lifestyle2 weeks ago
Anti-Elon Musk group crushes Tesla Model 3 with Sherman tank–with unexpected results
-
News2 weeks ago
Starlink to launch on United Airlines planes by May 15
-
News2 weeks ago
Tesla Semi gets new adoptee in latest sighting
-
News2 weeks ago
Tesla launches its most inexpensive trim of new Model Y
-
News2 weeks ago
US’ base Tesla Model Y has an edge vs Shanghai and Berlin’s entry-level Model Ys
-
News2 weeks ago
Tesla Cybertruck owners get amazing year-long freebie