|Bid||272.58 x 800|
|Ask||272.93 x 1000|
|Day's Range||269.75 - 274.84|
|52 Week Range||247.77 - 387.46|
|Beta (3Y Monthly)||-0.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||311.68|
Longtime board member Brad Buss and Linda Johnson Rice, who joined two yearsago as an independent director, will not seek re-election this year
Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come under closer scrutiny since August, when CEO Elon Musk tweeted that he had lined up funding and was considering taking the Palo Alto, California-based company private at $420 per share.
Read the beginning of this article here. Nathaniel August recommended a position in Peabody Energy (NYSE:BTU) which “is the largest and least expensive way to participate in the coal market” according to this fund manager. Unfortunately the stock lost more than 26% since August’s recommendation. David Einhorn recommended a short position in Assured Guaranty (NYSE:AGO) due […]
As Tesla Inc. discusses potential ramifications for Chief Executive Elon Musk’s actions with the Securities and Exchange Commission, it disclosed a dramatic change to its board of directors late on Good Friday.
Quarterly results could be an ‘outright disaster’ at Tesla amid concerns about margins and demand for the Silicon Valley car maker, which reports April 24 after the bell.
CEO Elon Musk is a big believer in his company's autonomous driving program and what its future can bring to the roads. Autonomous driving has its doubters and a public that is quite shy of the new technology. Add Tesla and its detractors to the mix and it's sure to become a wide-ranging discussion.
CEO Elon Musk and the SEC have pushed off their efforts to reach a new settlement deal. In a joint filing on Thursday, Musk and the regulator requested an extension of one week to reach a resolution in their ongoing dispute. The SEC asked Judge Allison Nathan to hold Musk in contempt for violating a Sept. 2018 settlement baring him from tweeting material information about Tesla without prior review by the company.
Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election in the upcoming annual meetings of stockholders in 2019 and 2020, the company said in a regulatory filing. Tesla said the decision did not result from any disagreement between the company and the directors. Of the four members who would exit the board, Buss and Gracias were part of Tesla's disclosure controls committee, overseeing the implementation of the terms of the consent agreement between Tesla and the SEC.
Director terms will be cut to two years from three, allowing shareholders to vote on the board’s performance with greater frequency, according to a proxy filed Friday. Directors Brad Buss, former chief financial officer of Solarcity Corp., and Linda Johnson Rice, chief executive officer of Johnson Publishing Co., won’t seek re-election when their terms expire at the June 11 annual shareholder meeting. If shareholders vote to reduce director terms to two years, venture capitalist Stephen Jurvetson -- who returned from an extended leave of absence this month -- has indicated he would not seek re-election in 2020.
Tesla Inc. disclosed Friday afternoon that several directors will leave its board, which has been criticized for failing to rein in actions by Chief Executive Elon Musk. Brad Buss, Antonio Gracias, Stephen Jurvetson and Linda Johnson Rice are expected to leave the board over the next two years. Buss and Rice will not stand for re-election at the 2019 shareholders meeting, which will be held in June, while Jurvetson -- who has officially been on leave since allegations of misconduct at his venture-capital firm in 2017 -- will remain until the 2020 meeting. Tesla shareholders will vote to reduce director terms from three years to two at the 2019 shareholder meeting; if the Tesla-introduced resolution passes, Gracias will also not stand for re-election at the 2020 meeting, Otherwise, he will leave in 2021. Tesla recently added Oracle Corp. founder Larry Ellison and Kathleen Wilson-Thompson, a human-resources executive with Walgreens Boots Alliance Inc. to its board, along with naming Robyn Denholm as chairwoman as a result of a settlement with the Securities and Exchange Commission, giving the board 11 members currently.
Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will leave the electric-car company’s board as their terms expire. For Buss and Rice, that means this year.
Short selling and put options are used to speculate on a potential decline in a security or index or hedge downside risk in a portfolio or stock.
The Trump Administration has released a draft environmental assessment for a high-speed tunnel developed by entrepreneur Elon Musk to move autonomous electric vehicles (AEVs) between Washington, D.C. and Baltimore, Maryland. The assessment, made public by the U.S. Department of Transportation (DOT) on April 17, is considered an "early milestone" in the environmental review and permitting process for the project, according to DOT. "Final governmental approvals will depend on the outcome of the review and comment process and any subsequent modifications," the department noted.
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Tesla’s first-quarter earningsWall Street analysts’ consensus estimate for Tesla’s (TSLA) first-quarter total revenue reflects their expectation of a slowdown in
In the automotive space, electric vehicles represent a new growth frontier, a trait that has already been acknowledged by several issuers of exchange traded funds. On Thursday, iShares, the world's largest ...
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Existing trend in Tesla’s revenue In the fourth quarter of 2018, Tesla (TSLA) reported revenue of ~$7.2 billion on a GAAP (generally accepted accounting principles)
The long-range Model 3’s sticker price is $44,500, roughly 85% higher than that of a Toyota Camry, yet ARK’s research shows that the Model 3 could be the better deal over a three-year period. According to KBB, over a three-year period the Tesla (TSLA) Model 3 is likely to retain 69.3% of its original sales price, 20+ percentage points or 37% more than the Toyota (JP:7203)(TM) Camry, which will retain 48.6%.
Could Tesla's Q1 2019 Earnings Help Its Stock Recover?(Continued from Prior Part)Recommendations on Tesla stock According to the latest data compiled by Thomson Reuters, 39% of analysts covering Tesla stock (TSLA) have given it “buy”
Electric vehicles are coming of age and, just like the traditional car market, they’re coming at an increasingly wide range of prices.
In a joint letter to U.S. District Judge Alison Nathan, Tesla Inc.’s top executive and the securities regulator said they haven’t been able to resolve a legal dispute over how Musk posts news about his electric-car company. The two sides had reached a settlement in October that required Musk to seek approval before tweeting any information about the company that investors might view as material. The SEC asked the court to hold him in contempt for violating their deal over the post.
Paul Davies , 72, has made important contributions in the fields of theoretical physics and cosmology. He has garnered many awards and accolades, and has an asteroid named in his honour. What was your ...
Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk's use of Twitter, a federal judge ruled Thursday. Nathan had been asked to hold Musk in contempt over a Feb. 19 tweet that the SEC said violated an earlier settlement with the agency. The SEC sued Musk last year after he tweeted on Aug. 7 that he had "funding secured" to take Tesla private at $420 per share.