FMC1.BE - FORD MOTOR DL-,01

Berlin - Berlin Delayed Price. Currency in EUR
8.22
-0.01 (-0.15%)
At close: 8:08AM CET
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Previous Close8.23
Open8.22
Bid8.24 x 0
Ask8.30 x 0
Day's Range8.22 - 8.22
52 Week Range7.22 - 9.33
Volume120
Avg. Volume144
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Ford's China sales drop 26%
    Reuters Videos

    Ford's China sales drop 26%

    ANOTHER TOUGH YEAR FOR FORD IN CHINA. Sales falling for the third straight year - down 26% in 2019 to roughly 568,000 vehicles. That's less than half of what it sold in 2016. And Ford sees the external pressure on its sales continuing this year. The U.S. automaker has been hit by the same factorS that also slammed GM's sales there. China's auto market, the world's second largest, has shrunk for two straight years, and the China Association of Automobile Manufacturers predicts it'll contract a further 2% in 2020. Ford plans to rev up sales by launching more than 30 new models in China over the next three years. Electric vehicles will make up a third of that. Ford shares fell at the market open Monday.

  • Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend
    Yahoo Finance

    Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend

    A rare 1948 Tucker is just one of the thousands of cars up for sale at the several Auctions underway this weekend in Scottsdale Arizona.

  • Ford sales fall short in Europe
    American City Business Journals

    Ford sales fall short in Europe

    Though numbers are down, it represents a pretty even trend across the auto giant's sales markets.

  • Foxconn May Be About to Prove Elon Musk Wrong
    Bloomberg

    Foxconn May Be About to Prove Elon Musk Wrong

    (Bloomberg Opinion) -- Five years ago, in a routine display of trash talking, Tesla Inc.’s Elon Musk made a now infamous quip about how hard it is to manufacture automobiles.“Cars are very complex compared to phones or smartwatches,’’ he told German newspaper Handelsblatt. “You can’t just go to a supplier like Foxconn and say: Build me a car.”He may be proven wrong. Foxconn Technology Group, through its Hon Hai Precision Industry Co. unit, will establish a joint venture with Fiat Chrysler Automobiles NV, the Taiwanese company said in an exchange filing Thursday. While not yet signed, they expect their 50-50 enterprise will “develop and manufacture electric vehicles and engage in IOV (internet of vehicles) business,” referencing a growing ecosystem of connected cars that share location, weather, traffic and vehicle information.Hon Hai would be responsible for design, components and supply chain management, Chairman Young Liu told Debby Wu of Bloomberg News. Foxconn might not actually do final assembly, he said.If you’ve ever visited Foxconn’s global headquarters on the outskirts of Taipei, you’d know that the prospect of the company designing cars is disconcerting. It truly is one of the ugliest office buildings in the world. So let’s hope Fiat Chrysler takes the driver’s seat on that.However, components, supply chain management, and manufacturing are right up Foxconn’s alley. The company makes most of Apple Inc.’s iPhones and iPads, as well as a lot of the electronics that go into cars, including Teslas.Tesla’s then-head of vehicle engineering, Doug Field, whose resume includes Apple and Ford Motor Co., in February 2018 subtly dissed the Foxconn-Apple relationship. “The model at Foxconn was very different” from Tesla, because the Taiwanese company uses manual labor to achieve economies of scale quickly. The iPad is a product “whose simplicity is orders of magnitude below ours.” Field returned to Apple later that year.Let’s agree, cars are indeed more complicated than tablets or smartphones. But I’ll say that there’s no way Elon Musk could churn out half a million handsets per day, consistently, with quality and on time.By contrast, Foxconn, because of the reasons Field outlined, could be well placed to leverage its 40 years of experience in manufacturing, scale and manual processes to get Fiat Chrysler to mass production of electric vehicles quicker than almost anyone in the world. After all, Foxconn’s giant workforce and scale mean it’s the only company that can churn out 5 million iPhones a week at launch every year for the past decade.With scale comes not just cost advantages but supply-chain leverage, an important element when you’re hunting down parts that may be in short stock. Batteries, for example, have been a bottleneck for Tesla deliveries in the past. But when your client list includes Apple, Dell Inc., HP Inc. and a dozen other companies that need batteries by the container, suppliers are likely to put you higher on the priority list. Given that they’re the largest cost of an electric vehicle, solving both the supply problem and then using scale to force costs down could give Foxconn and Fiat Chrysler an edge.Having electric vehicles more readily available and delivered on time might even take the gloss off the cult of Tesla, which is driven in part by the difficulty of getting your hands on one. Yet Fiat Chrysler needs to ensure that Foxconn doesn’t mess it up. It’s known to be domineering in partnerships, with an obsession toward efficiency and cutting costs, rather than value-added branding. Its venture with HMD Global Oyj to revive the Nokia name looked promising until Foxconn executives started pulling rank, overruling those who truly knew how to design and market phones. Many of the talented members of the consortium left and the brand is unlikely to see the revival that many had expected.Sure, Fiat Chrysler is taking a risk by betting on Foxconn. But the U.S.-Italian car company doesn’t have much to lose, and knows that it has little time to waste. Chief Executive Officer Mike Manley is hoping to merge with France’s PSA Group, and told investors in October that electrification could happen on a grand scale after that.It’s also likely to join a self-driving car venture being set up by BMW AG and Daimler AG, Bloomberg reported this month. Such plans necessitate the kind of electric vehicle technologies it doesn’t currently have. Foxconn doesn’t, either, but between them there’s every chance the two companies can develop or acquire what’s needed.If Foxconn really wants to make it in electric vehicles, it will need to learn from Fiat Chrysler the importance of good design, marketing savvy, and brand mystique. In other words, a little bit of Elon Musk.Just not too much.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Triad car dealer adds $4.2 million facility in order to separate brands
    American City Business Journals

    Triad car dealer adds $4.2 million facility in order to separate brands

    An auto dealer is building a $4.2 million dealership in the Triad to separate two brands it currently sells and services under one roof. Construction is under way on a 31,436-square-foot-facility for Capital Subaru in an open lot adjacent to the facility it shares with Capital Hyundai at 801 E. Bessemer St. in Greensboro. Ken Fanelli, the general manager of the two dealerships, said Capital hopes to have the Subaru facility completed by June.

  • How Boeing Lost Its Way
    Bloomberg

    How Boeing Lost Its Way

    (Bloomberg Opinion) -- The 2019 column I most wish I could take back was about Boeing. In May, two months after the second deadly 737 Max crash, I compared Boeing’s current troubles to other times when Boeing had stumbled badly, including 2013, when the new 787 — which had come to market four years behind schedule —had a problem with its lithium ion batteries, which burst into flames several times. The Federal Aviation Administration even grounded the plane temporarily.Airplanes are fiendishly complex, and new planes almost always have kinks that need to be worked out (though, admittedly, those kinks don’t usually include fatalities). In any case, my working assumption was that the company had always overcome its problems and would do so again. “Boeing’s history strongly suggests that it will recover from this fiasco and do so quickly,” I wrote. “It will emerge stronger than ever.” Ouch.Within a matter of months, I could see that I was wrong and that Boeing was not the same company I had followed two decades earlier. In October, Chief Executive Officer Dennis Muilenberg testified before Congress. He was awful. He kept saying that safety was part of Boeing’s DNA, yet the evidence angry legislators confronted him with — internal emails, for the most part — suggested just the opposite: that safety was no longer high on Boeing’s list of priorities. What was ascendant was maximizing shareholder value, with catastrophic consequences.The company cut corners to get the plane on the market quickly. It used the least expensive suppliers regardless of how inexperienced they were. Its manual contained only one sentence about the system that was the root cause of the crashes. Worst of all, it persuaded the F.A.A. — and its airline customers — that pilots didn’t need flight simulator training to fly the 737 Max. The release of a devastating batch of internal Boeing emails late last week — showing engineers rushing to get a plane to market despite knowing it had serious problems — only reinforced the notion that Boeing’s culture had been compromised. A company that had long been run by engineers for engineers was now a company run by corporate bureaucrats whose primary goal was to please Wall Street. That’s the underlying story those emails tell.Which begs the question: How did this happen?In the Atlantic not long ago, business writer Jerry Useem suggests an answer. He marks May 2001 as the beginning of Boeing’s cultural decline; that month, top executives announced that they were moving the company’s headquarters to Chicago. More than 30,000 engineers would remain in Seattle, mind you. But the top 500 executives would move 2,000 miles away.“When the headquarters is located in proximity to a principal business — as ours was in Seattle — the corporate center is inevitably drawn into day-to-day business operations,” CEO Phil Condit said at the time. How he could view removing the top brass from the “day-to-day business operations” as a net positive is beyond comprehension. But he did. Useem wrote: “The present 737 Max disaster can be traced back … to the moment Boeing’s leadership decided to divorce itself from the firm’s own culture.”Condit was ousted in 2003 (in part because he had a series of affairs with female employees) and was succeeded by Harry Stonecipher. Stonecipher, who had been CEO of McDonnell Douglas when it merged with Boeing in 1997, had spent the bulk of his career at General Electric, including seven years under Jack Welch. As I’ve noted before, Welch’s stated goal was to make GE “the world’s most valuable company,” which meant focusing first and foremost on finding ways to increase the company’s share price. As his underlings took over other companies, they brought that mindset with them.Stonecipher was no exception. At Boeing, he gained a reputation as a ruthless cost-cutter and expressed pride in the way he was blowing up the company’s engineering mindset. (“When people say I changed the culture of Boeing, that was the intent, so that it’s run like a business rather than a great engineering firm,” he once said.) Wall Street loved it; the stock price rose fourfold.When Stonecipher was fired in 2005 (also for having an affair with a subordinate), the board passed over the obvious internal candidate, Alan Mulally, the head of the commercial airplane division and Boeing’s last great engineering executive, and brought in another Jack Welch protege, James McNerney. So now Boeing had a CEO who knew nothing about how to manufacture an airplane. And this lack of engineering know-how was compounded when McNerney named Scott Carson to succeed Mulally, who left in 2006 to become CEO of Ford Motor Co. True, Carson was a Boeing lifer, but he was a salesman, not an engineer.In 2007, McNerney inaugurated a series of stock buyback plans, which lifted the stock price; it repurchased $6 billion worth of shares in 2014 alone. The CEO and other top executives received tens of millions of dollars’ worth of stock options and stock grants. Dividends were doubled. The stock bottomed out at $30 a share in the aftermath of the financial crisis, but by the time McNerney stepped down, it was approaching $150 a share.Meanwhile, Boeing was putting the screws to its unions, eliminating their pensions and moving some production to a nonunion facility in South Carolina. Richard Aboulafia, the well-known aviation consultant, thinks this was a critical mistake — and another example of how little McNerney understood about the business of building airplanes.“Aviation is not like other industries,” he wrote in Forbes after McNerney announced his retirement. “There are certainly cost pressures, but this is a capital-intensive business with very high barriers to entry. Labor costs just don’t matter as much compared to other industries.”Aboulafia concluded: “An experienced and motivated workforce, therefore, is the most important asset a company has. McNerney failed to recognize this important fact, and the company has suffered as a result.”In that same essay, Aboulafia noted that the incoming CEO, Muilenberg, was an aviation engineer, and though he had spent his career on the defense side of the company, there was hope that he could reverse some of McNerney’s emphasis on the stock price. But it wasn’t to be. Instead, he ratcheted up the company’s stock buybacks, retiring 200 million shares — a quarter of the company’s stock — at cost of $43 billion.How could Boeing afford to do that? As Jonathan Ford pointed out last August in the Financial Times, it was precisely because it was saving so much money on the 737 Max. Instead of starting from scratch and building a new plane, it simply “bolted new fuel-efficient engines onto a tweaked existing airframe.” Ford concluded: “Boeing was able to redirect some of those ‘savings’ to repurchase stock instead.”By the time Boeing decided to cobble together the 737 Max, its engineering culture was completely broken. Here’s how Aboulafia described it to Useem in the Atlantic:It was the ability to comfortably interact with an engineer who in turn feels comfortable telling you their reservations, versus calling a manager [more than] 1,500 miles away who you know has a reputation for wanting to take your pension away. It’s a very different dynamic. As a recipe for disempowering engineers in particular, you couldn’t come up with a better format.You can see that disempowerment — and its consequences — in the recently released emails. Instead of bringing their fears and complaints to superiors, the engineers grouse to themselves about the problems they see with the plane. They are bitter about management’s unwillingness to slow things down, to build the plane properly, to take the care that’s required to prevent tragedy from striking.There is one email in particular(1)  from an unidentified Boeing engineer that I can’t get out of my head. It was written in June 2018, about a year after the company had begun shipping the 737 Max to customers:Everyone has it in their head that meeting schedule is most important because that’s what Leadership pressures and messages. All the messages are about meeting schedule, not delivering quality… .We put ourselves in this position by picking the lowest cost supplier and signing up to impossible schedules. Why did the lowest ranking and most unproven supplier receive the contract? Solely based on bottom dollar…. Supplier management drives all these decisions — yet we can’t even keep one person doing the same job in SM for more than 6 months to a year. They don’t know this business and those that do don’t have the appropriate level of input… .I don’t know how to fix these things … it’s systemic. It’s culture. It’s the fact that we have a senior leadership team that understand very little about the business and yet are driving us to certain objectives. It’s lots of individual groups that aren’t working closely and being accountable …. Sometimes you have to let things fail big so that everyone can identify a problem … maybe that’s what needs to happen instead of continuing to just scrape by.Of course that’s exactly what happened: the 737 Max failed big — at a cost of 346 lives. Shareholder value has caused much harm in the three decades since it became the core value of American capitalism: diabetics who can’t afford insulin; students ripped off by for-profit universities; patients gouged by hospital chains; and so much else. But none worse than this.(Corrects the given name of aviation consultant Richard Aboulafia in the 13th paragraph.)(1) The email in question can be found on page 24 of this document.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • MarketWatch

    Tesla stock falls after Morgan Stanley turns bearish

    Tesla Inc. shares have surged 36% in the past month amid positive delivery numbers and increasing optimism from some analysts, but Morgan Stanley threw cold water on the Tesla bull case Thursday. Analyst Adam Jonas downgraded the stock to underweight from equal weight, writing of his concerns around valuation and underappreciated risks to the company's China business. The stock is off about 4% in premarket trading. "Near-term momentum and sentiment around the stock is admittedly very strong but we ultimately question the sustainability of the momentum," he wrote. Jonas argued that the bull case in China is already priced into Tesla's stock, which has doubled on a three-month basis as the S&P 500 has added 10%. "We continue to harbor concerns about whether an auto business commercializing advanced, dual-purpose technology in economically sensitive industries could be a long-term winner in the Chinese market," he wrote. This is a risk not just to Tesla, but also to other automakers in his coverage universe, including Ford Motor Co. and General Motors Co. . Jonas upped his price target to $360 from $250 in conjunction with the downgrade, reflecting the stock's big run up in recent weeks.

  • Tesla stock could hit $6,000 per share in the next five years, analyst says
    Yahoo Finance

    Tesla stock could hit $6,000 per share in the next five years, analyst says

    The firm that once predicted Tesla shares would cross the $4,000 mark delivered a new, even more bullish price target for the electric-vehicle maker.

  • Trump administration may compromise, raise fuel economy standards
    MarketWatch

    Trump administration may compromise, raise fuel economy standards

    The Trump administration is signaling that it could increase fuel economy standards, possibly compromising on its push to freeze them at 2020 levels.

  • Business Wire

    Ford Motor Company Announces Details For 2019 Q4 Earnings Conference Call

    Ford Motor Company (NYSE:F) and Ford Motor Credit Company will release their 2019 fourth quarter and full year financial results at 4:05 p.m. ET on Tuesday, Feb. 4.

  • Tesla's soaring value puts Elon Musk in range of a massive payday
    American City Business Journals

    Tesla's soaring value puts Elon Musk in range of a massive payday

    Musk's reward for a job well done is actually the first of 12 tranches that will unlock additional Tesla stock options based on whether the company can hit certain milestones.

  • Ford invests $82 million to expand Vietnamese plant
    Reuters

    Ford invests $82 million to expand Vietnamese plant

    Ford Motor Co said on Tuesday it is investing $82 million to expand its plant in northern Vietnam to boost production capacity. Ford Vietnam, established in 1995, said the expanded factory would boost the U.S. automaker's annual capacity in Vietnam to 40,000 vehicles from current volume of 14,000 units per year. The additional investment, which will bring the company's total investments in Vietnam to more than $200 million, will come in two stages over a two-year period starting this year.

  • Here's Why This Warren Buffett-Backed Electric Car Stock Is Surging
    Investor's Business Daily

    Here's Why This Warren Buffett-Backed Electric Car Stock Is Surging

    China signaled subsidies for electric cars will stabilize this year after cuts took a toll on sales. BYD stock jumped; Kandi stock and Nio stock rose.

  • Ford sees decline in China market
    American City Business Journals

    Ford sees decline in China market

    In its fourth quarter, Ford China sold 146,473 vehicles, representing a nearly 15% drop in sales compared to the same period of 2018.

  • Woodward, Hexcel, Ford, Walmart, Dunkin' Brands, Comcast: Companies to Watch
    Yahoo Finance

    Woodward, Hexcel, Ford, Walmart, Dunkin' Brands, Comcast: Companies to Watch

    Woodward, Hexcel, Ford, Walmart, Dunkin' Brands and Comcast are the Companies to Watch

  • Ford's new vehicle sales tumble in China by over 26%
    Autoblog

    Ford's new vehicle sales tumble in China by over 26%

    Ford's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sport utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. Ford has been trying to revive sales in China after its business began slumping in late 2017.

  • TheStreet.com

    Ford Continues to Face Tough Road Ahead in China

    Ford says sales in 2019 of its cars and trucks in China fell for a third straight year, with not many signs of improvement in 2020.

  • Auto industry cautious as China starts 2020 with forecast of a 2% sales decline
    Reuters

    Auto industry cautious as China starts 2020 with forecast of a 2% sales decline

    BEIJING/SHANGHAI (Reuters) - Automakers in China need to get used to a new normal of "low speed growth" in the world's largest car market, the country's top auto body said on Monday, as it reiterated predictions that sales will likely shrink for the third consecutive year in 2020. The China Association of Automobile Manufacturers (CAAM) expects a 2% fall in vehicle sales. CAAM, affirming its forecast announced last month, also said auto sales declined for the 18th consecutive month in December.

  • Ford's vehicle sales in China tumble for third consecutive year
    Reuters

    Ford's vehicle sales in China tumble for third consecutive year

    Ford Motor Co's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. Ford has been trying to revive sales in China after its business began slumping in late 2017.

  • Ford's China vehicle sales drop 26% in third straight year of decline
    Reuters

    Ford's China vehicle sales drop 26% in third straight year of decline

    Ford Motor Co's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. Ford has been trying to revive sales in China after its business began slumping in late 2017.

  • 'Pretty much everybody prosecuted gets convicted:' Carlos Ghosn exposes Japan to new scrutiny
    Yahoo Finance

    'Pretty much everybody prosecuted gets convicted:' Carlos Ghosn exposes Japan to new scrutiny

    Carlos Ghosn, once dubbed “an auto industry superhero,” has opened up Japan’s legal system to increased scrutiny ahead of the summer Olympics in Tokyo.

  • Ford’s robots could eventually deliver packages to your front door
    Yahoo Finance

    Ford’s robots could eventually deliver packages to your front door

    Ford is officially experimenting with using robots to delivery packages from self-driving vehicles to customers' doors.

  • There is a 50% chance something bad will happen to the stock market soon: top strategist
    Yahoo Finance

    There is a 50% chance something bad will happen to the stock market soon: top strategist

    Is the stock market nearing a nasty correction?

  • Here Is the Straightforward Thesis for Buying Tesla Stock at $500
    InvestorPlace

    Here Is the Straightforward Thesis for Buying Tesla Stock at $500

    Tesla (NASDAQ:TSLA) announced fourth-quarter deliveries on Jan.3, and Tesla stock once again defied the critics.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts were expecting 106,000 between the Model 3, Model X, and Model S. Tesla delivered 112,000, a company record. As a result, in the week since, Tesla stock has gained 16% and is closing in on $500.For all of 2019, Tesla delivered 367,500 vehicles, 50% higher than a year earlier. Those are some impressive numbers for a manufacturer that's been written off many times since Elon Musk first invested in the maker of electric vehicles in 2004. Forget All the Arguments Against Buying Tesla StockFirst, the bears argued that Tesla would never make money. Then they made the case that Musk would fail to turn the Model 3 into an everyman's car. Finally, the best argument they can muster is that incentives remain the difference between success and failure. * The Top 15 Stocks to Buy in 2020 My InvestorPlace colleague, Josh Enomoto, recently wrote that even if incentives remain a part of Tesla's selling proposition, consumers are going to continue to get buyer's remorse. That's because the company's vehicles take way too long to repair compared to the typical combustion-engine vehicle.Here's the thing: Tesla, in my opinion, is not going to lose sales because it can't compare to a combustion-engine powered vehicle. It's going to lose sales because other electric-vehicle manufacturers come up with better vehicles. My colleague, Wayne Duggan, points to Tesla's laughable valuation as a reason you shouldn't buy TSLA stock. Up 105% in the past three months through Jan. 8, Tesla is trading at 39 times cash flow. That compares to a price-to-cash flow of less than 3x for Ford (NYSE:F).From a strict numbers point of view, Duggan is right. It's Not About NumbersWatching the devastation that's currently hitting a wide swath of Australia, it's impossible not to think of the environment and what humankind is doing to the planet. And while it's been proven that humans set a significant number of the wildfires, it's also true that 2019 was the second-hottest year on record across the Globe; Australia included. Climate change is real. It might not be the dagger that kills the planet (a war with Iran might do the trick) but it is one of the most critical causes upon which world leaders should focus their attention. So, to say incentives are the only thing that's keeping the Tesla dream alive is mere Poppycock. What's keeping Tesla alive is the fact combustion engines are on the way out. Electric may be surpassed by hydrogen or solar, but it's not going to be surpassed by a demand resurgence for combustion-engine powered vehicles. It's just not going to happen. It's too late. The horses have left the barn. If you're a Nio (NASDAQ:NIO) shareholder, this reality ought to give you comfort. Tesla's faced several cash crunches in the past few years. Thankfully, there were enough investors with a vision beyond the latest quarter to provide Elon Musk with the capital necessary to continue building the world's most innovative automotive technology company. When Ark Investment Management CEO Catherine Wood said Tesla stock would go to $4,000 in February 2018, investors scoffed at the notion. Almost two years later, TSLA is halfway to $1,000, and one-eighth of the way to $4,000.Wood sees beyond the numbers, incentives, and all the other negative commentary that's been said about Tesla. In October, when Tesla's stock was trading around $300, Wood appeared on CNBC's Squawk on the Street, arguing that the shorts are "going to be forced to cover as time goes on."Two-hundred dollars later, it appears she was right on the money. The Bottom Line on Tesla StockIn late November, I said I liked Tesla's chances of hitting $400 early in 2020. It reached this target in mid-December. I should have said it would hit $500 in early 2020. Eight dollars away from $500 as I write this, $600 could come by next summer, but let's not get ahead of ourselves. If you're worried about buying Tesla stock at a top, consider why you're buying in the first place. The only reason to own Tesla at this point is you believe in the electrification of transportation. Everything else is mere noise.Long-term, I continue to like TSLA. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 15 Stocks to Buy in 2020 * The 7 Most Important Companies That Didn't Survive the 2010s * 4 Mega-Tech Stocks Reaching for the Sky The post Here Is the Straightforward Thesis for Buying Tesla Stock at $500 appeared first on InvestorPlace.