Tesla CEO Elon Musk's now-infamous tweet on Aug. 7, 2018 marked the beginning of a chaotic 12 months for the Silicon Valley automaker.
, Musk said the company faces a "very difficult" road ahead in its long-term goal to sell affordable renewable energy products, noting the company is younger than other players in the industry.
The January layoffs impacted at least 1,017 California employees, according to the company's filings with the state's Employment Development DepartmentTesla reported its second-consecutive quarterly profit during the fourth quarter on Jan. 30. But Wall Street analysts expected even more and its sharesMusk's deal with the SEC appeared to be in jeopardy when it asked a judge on Feb. 25 toThe SEC cited an "inaccurate" Feb. 19 tweet about vehicle production.
After months of back-and-forth, the SEC and Musk reached an agreement over the use of his use of Twitter account. It detailed exactly what kind of information requires formal legal review before being shared.Tesla has made over $1 billion in the last three years by selling emissions credits in the United States, including a reported deal in April with Fiat Chrysler. The Italian-U.S.
The reported deal did little to move the company's shares, which were trading around $270 a share at the time.
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