|Bid||1,020.50 x 0|
|Ask||1,021.50 x 0|
|Day's Range||1,017.50 - 1,026.00|
|52 Week Range||917.70 - 1,647.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||10.09|
|Earnings Date||May 8, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,450.90|
Musk shot back in tweets that Panasonic is the culprit by operating at a pace that’s constrained production of Tesla’s Model 3 sedan. Tesla delivered just 63,000 cars globally in the first quarter, compared with almost 91,000 in the previous three months. Panasonic’s apparent reluctance to boost battery production only adds to the skepticism -- and it may portend greater troubles.
BEIJING/DETROIT (Reuters) - It took one 330 kilometer trip from Chongqing to Chengdu in his Nio ES8, a seven-seater all-electric SUV, for its owner Wang Haichun to be consumed with buyer's remorse. Despite being billed as capable of going 335 km on a single full charge, the ES8 didn't get anywhere near that when driving on freeways at speeds above 100 km per hour (60mph), he said, adding that after 180 km, there was only 50 km of range left. Asked to comment on Wang's experience, Nio Inc said in an e-mailed statement the ES8 can travel more than 200 km when constantly driven at a 100 km per hour and that battery swap stations are available for quick recharging.
Tesla and Panasonic are freezing plans to expand the capacity of their Gigafactory 1, the world’s largest electric vehicle battery plant, as concerns mount on Wall Street about sales at Elon Musk’s car company dipping below estimates. The partners had planned to raise capacity 50 per cent by next year, but with sales of electric vehicles performing below plans, the two companies concluded that a major investment at this stage poses too much of a risk, Nikkei has learnt. Tesla’s goals of becoming a mass producer of electric vehicles, on the order of 1m cars a year, will be pushed back for now.
“Pana cell lines at Giga are only at ~24GWh/yr & have been a constraint on Model 3 output since July,” Musk wrote in a tweet Saturday. Tesla shares tumbled Thursday after the Nikkei reported that the company and Panasonic were freezing plans to expand capacity at the plant near Reno. Panasonic didn’t immediately respond to a request for comment outside normal business hours.
In addition, Panasonic will suspend its planned investment in the carmaker’s China factory, which recently broke ground. Understandably, Tesla investors weren’t too happy. Panasonic shares, on the other hand, rose sharply – as much as 4 percent – in early trading Friday. In response to the Nikkei report, Tesla said both companies "continue to invest substantial funds" into the Gigafactory but also noted that "we are seeing significant gains from upgrading existing lines,” allowing them to “achieve the same output with less spent on new equipment purchases." Meanwhile, Panasonic said it is assessing demand and will study whether to invest more in its collaboration with Tesla.
TOKYO/BENGALURU (Reuters) - Panasonic Corp and Tesla Inc will continue to make new investments in the U.S. electric carmaker's Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said on Thursday. Separately, Panasonic said it was watching the demand situation in the electric car market before making any further investments in expanding the capacity of the Nevada plant. The two companies were responding to a report by Japan's Nikkei that said they had frozen previous plans to raise the capacity of the plant, which supplies battery packs for Tesla cars.
Panasonic said it will study additional investment in collaboration with Tesla, following a Nikkei report that said the two had frozen spending plans. While Chief Executive Officer Elon Musk last week reiterated a forecast for 360,000 to 400,000 vehicle deliveries in 2019, investors remain cautious given Tesla’s history of missing ambitious projections. “The environment for Tesla is getting tougher and there are question marks on Tesla’s ability to deliver sustainable profits,” said Sven Diermeier, a Frankfurt-based analyst at Independent Research GmbH.
shares enter stall mode in Thursday's trading, one truth is evident about Elon Musk's company: Tesla can only get by with a little help from its friends. Tesla was in the news this morning -- from an article in the always excellent Nikkei Asian Review -- stating that Panasonic Corp. had scaled back plans to invest further in Tesla's Gigafactory 1 in Nevada, and would not act as a source for lithium-ion batteries for Tesla's under-construction plant near Shanghai in Lingang.
Tesla and Panasonic have reportedly paused plans to add more batteryproduction lines at Gigafactory 1, its massive factory outside of Reno, Nevadathat is a cornerstone to the automaker's business
“We believe Tesla’s cells made at the Gigafactory are even more costly than imported cells from Japan, as the supply chain determines costs in batteries, not the size of any production facility,” Irwin wrote in a note to clients. Tesla shares dropped as much as 3.8 percent in New York on Thursday after Nikkei reported that Tesla and Panasonic were freezing the expansion of the gigafactory near Reno, Nevada. New Street Research analyst and one of the biggest Wall Street bulls on the stock, Pierre Ferragu, said the Nikkei report only reflected the fact that Panasonic doesn’t consider any immediate significant further investment in Tesla, and did not contain much new information.
Panasonic Corp. and Tesla are reportedly “tempering expansion plans” at the Gigafactory, the giant facility in Nevada that produces battery packs for the electric vehicle-maker. Panasonic supplies batteries and has invested heavily in the plant, with capacity there now close to 35 gigawatt-hours(1), according to Benchmark Mineral Intelligence, an analytics firm specializing in the battery supply chain.
Telsa Inc. shares fell 4% in premarket trade Thursday, after a report that the electric car maker and Japan's Panasonic Corp. are freezing plans to expand their Gigafactory 1, on concerns about weakening demand for Tesla's cars. The pair had planned to increase capacity at the world's biggest electric vehicle battery plant by next year, the Nikkei reported, but financial problems have led them to reconsider that plan. The Gigafactory has been making batteries for Telsa's mass market sedan, the Model 3, since Jan. 2017. Panasonic makes the cells that Telsa then assembles into battery packs. The companies were planning to expand capacity to 54 gigawatt hours a year by 2020, up from 35 gigawatt hours now. The two companies have invested $4.5 billion in the plant, the Nikkei reported. Tesla's recent deliveries miss has prompted analysts, including at Goldman Sachs, to lower estimates for 2019. Tesla shares have fallen 8.3% in the last 12 months, while the S&P 500 has gained 9.3%.
Tesla has stepped back from plans to jointly invest with Panasonic to expand battery production lines at its factory in Nevada as uncertainty hangs over the outlook for its electric vehicles. Shares in the US electric carmaker fell 3 per cent on Thursday after the Nikkei newspaper reported that the two companies were freezing plans to raise capacity at the $5bn Tesla “gigafactory” in the Nevada desert by 50 per cent by next year due to “financial problems”. The companies had earlier said the plant would have production capacity of 35 gigawatt hours a year by the end of March.
Panasonic is last to the full-frame mirrorless fight, but it's coming out swinging. In February, it unveiled the S1 and S1R cameras and both of them are tough, beastly models with impressive feature sets. The 24.2-megapixel S1 I'm reviewing here is the more affordable at $2,500, but it's also the most versatile, aimed equally at photographers and videographers. Feature-wise, it lines up closely with Sony's A7 III and the new Nikon Z6 . The spec sheet is packed with things like 5-axis in-body stabilization, 10-bit internal 4K recording, a stellar electronic viewfinder and dual card slots. I had concerns about the price and autofocus system, however, so I was very curious to see how it stacked up against its main rivals in a full review. Now, let's find out.
SK Innovation Co Ltd is in talks to set up separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles (EVs). The company confirmed talks with Germany's Volkswagen for the first time, telling Reuters the pair were discussing building a factory together. It also said it was on the cusp of agreeing to build a plant in China with undisclosed partners.
With the release of the Lumix G95 (the G90 in Europe), Panasonic continues tobuild cameras that appeal equally to photographers and video shooters
Japanese convenience store chain FamilyMart said on Tuesday it was partnering with Panasonic Corp to incorporate a range of labour-saving technologies into its 24-hour stores which have struggled with a shrinking workforce. Convenience stores in Japan are grappling with the tightest labour market in more than 40 years. "We are faced with a labour shortage, and the issue of 24-hour operations.
Japan's second-largest copper smelter, Sumitomo Metal Mining Co Ltd, said it planned to produce 420,000 tonnes of refined copper in the 2019/20 financial year that started this month, down 7.7 percent ...
Panasonic has made a strong full-frame mirrorless debut with the Lumix S1. You get a rugged, weatherproof and heavy body that handles well, and it delivers excellent image and video quality, even in low light. It beats rival models from Canon and Nikon feature-for-feature, thanks to dual high-speed card slots, 5-axis in-body stabilization, the clearest EVF on the market and 10-bit, 4K video with no crop. The biggest negative is the contrast-detect autofocus, which can’t stand up to the phase-detect systems on other models, especially for video. It’s also the most expensive 24-megapixel full-frame mirrorless camera at $2,500, and Panasonic is charging for a key firmware update on top of that.