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Tesla stock goes on wild ride following negative report

Trading Tesla Motors stock is not for the faint hearted. For example, the stock was worth $235.24 at the end of trading on Friday but then dropped to $221.67 by the end of Monday. After yesterday's trading, it was back up to $242.77, a gain of almost 10 percent on the day. The movement was apparently due mostly to a negative article in The Wall Street Journal and then a social media response by Tesla CEO Elon Musk. The Journal originally reported that Model S sales had declined 26 percent in September, and that caused the TSLA drop. Later, there was the clarification that this only refered to US sales, but it wasn't until Musk Tweeted that the, "Article in WSJ re Tesla sales is incorrect. September was a record high WW (worldwide) and up 65% year-over-year in North America" that things on the Tesla stock front really picked back up. Questions remain about Tesla's actual production and sales numbers. Unlike many other automakers, Tesla doesn't release monthly sales figures but it does talk about quarterly figures in investor calls every three months. During the last call in July, Tesla said it had delivered 7,579 Model S EVs in the second quarter of 2014 (the most ever delivered in a quarter) and said it remained, "on track for more than 35,000 deliveries in 2014." This target was questioned by analysts, which led to the Journal piece, and then the response Tweet. We don't know what'll happen with the stock today, but we will know the company's official delivery numbers when Tesla issues its Q3 2014 Financial Results after the close of trading on Wednesday, November 5.

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Tesla Model X reservations 20,000 strong and counting

Those falcon wing doors appear appropriate for the Tesla Model X, as pre-orders for the battery-electric SUV are flying. That's what Gas2.0 is saying, citing various sources. So despite Model X deliveries not happening until the spring of 2015, folks are lining up. Company spokeswoman Alexis Georgeson called the estimated sales figures "merely speculation." All told, more than 20,000 Model X vehicles have been pre-ordered from Tesla's retooled Fremont, CA, plant. In fact, sales are accelerating, as about 8,000 of the SUVs have been ordered during the past six months, and more than 1,300 were pre-ordered in August alone. And that's despite the fact that Tesla has disclosed neither the Model X's price nor its single-charge range. Either way, the percentage split is about 75/25 for North America vs. oversees orders, according to Gas2.0. If there were really 1,300 units ordered in August, the Model X would be the fourth best-selling plug-in in the US, trailing only the Nissan Leaf battery-electric, Chevrolet Volt extended-range plug-in and, of course, the Tesla Model S sedan. Tesla itself is being quiet about its figures. Company spokeswoman Alexis Georgeson, in an e-mail to AutoblogGreen, called the estimated sales figures "merely speculation" and declined to confirm them. In late July, Tesla said it delivered a quarterly record 7,579 vehicles for the three months that ended June 30 and that it was on track to deliver more than 35,000 vehicles this year. And more recently, Tesla said it planned to build its massive gigafactory near Reno, NV, as the Silver State promised an incentive package worth over $1.2 billion over the next two decades.