918.04 +0.62 (0.07%)
After hours: 4:53PM EST
|Bid||917.01 x 900|
|Ask||917.75 x 800|
|Day's Range||901.03 - 944.77|
|52 Week Range||176.99 - 968.99|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 21, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||485.70|
Tesla investors should probably thank the Federal Reserve for their big gains in 2020.
"Short interest" is one of the most interesting pieces of stock data that you might pay little or no attention to. But this little metric of negative sentiment, while popular among traders, can be valuable even to buy-and-hold investors who never want to place a single bearish bet.If you believe a stock will rise, you buy it. Easy. But what if you're bearish on a company's prospects and want to profit off that belief? A popular technique is short selling: To sell a stock short, you borrow shares so you can immediately turn around and sell them. You wait for shares to fall in price, then buy them back and return those shares to the lender. Your profit is the difference between the price you sold and the price you bought back.But that gamble can go wrong - to the delight of bullish investors. Short sellers incur losses when the stock's price goes higher. Also, time is against you when you short a stock, because you pay interest when you borrow shares. If you want to exit your short trade, you have to buy back shares, which in turn drives the stock price higher. That might force other short sellers to cut their losses, leading to a virtuous cycle of buying called a "short squeeze."That's why short interest (how many shares are currently sold short to bet against a company) matters. There's no concrete level, but anything above 10% of the float, which is the number of shares available for public trading, is worth watching. If you're a conservative, buy-and-hold investor who hates volatility, you might want to avoid stocks with high short interest. If you're an aggressive investor, however, you might consider buying these stocks in the hope that a small bit of positive news will trigger a short squeeze, netting large returns in a short time.Here, we'll look at seven heavily shorted stocks to watch. These companies have short interest ranging anywhere from 14% to 96%, and many of them are the kinds of hot-moving growth stocks that are typical among short-selling targets. SEE ALSO: The 20 Best Stocks to Buy for 2020
(Bloomberg) -- Researchers were able to trick a Tesla Inc. vehicle into speeding by putting a strip of electrical tape over a speed limit sign, spotlighting the kinds of potential vulnerabilities facing automated driving systems.Technicians at McAfee Inc. placed the piece of tape horizontally across the middle of the “3” on a 35 mile-per-hour speed limit sign. The change caused the vehicle to read the limit as 85 miles per hour, and its cruise control system automatically accelerated, according to research released by McAfee on Wednesday.McAfee says the issue isn’t a serious risk to motorists. No one was hurt and the researcher behind the wheel was able to safely slow the car.But the findings, from 18 months of research that ended last year, illustrate a weakness of machine learning systems used in automated driving, according to Steve Povolny, head of advanced threat research at McAfee. Other research has shown how changes in the physical world can confuse such systems.The tests involved a 2016 Model S and Model X that used camera systems supplied by Mobileye Inc., now a unit of Intel Corp. Mobileye systems are used by several automakers though Tesla stopped using them in 2016.Tests on Mobileye’s latest camera system didn’t reveal the same vulnerability, and Tesla’s latest vehicles apparently don’t depend on traffic sign recognition, according to McAfee.Tesla didn’t respond to emails seeking comment on the research.“Manufacturers and vendors are aware of the problem and they’re learning from the problem,” Povolny said. “But it doesn’t change the fact that there are a lot of blind spots in this industry.”To be sure, the real-world threats of such an occurrence today are limited. For one, self-driving cars are still in the development phase, and most are being tested with safety drivers behind the wheel. Vehicles with advanced driver-assist systems that are available now still require the human to be attentive.And the McAfee researchers were only able to trick the system by duplicating a certain sequence involving when a driver-assist function was turned on and encountered the altered speed limit sign. Manufacturers are also integrating mapping technology into systems that reflect the proper speed limit.“It’s quite improbable that we’ll ever see this in the wild or that attackers will try to leverage this until we have truly autonomous vehicles, and by that point we hope that these kinds of flaws are addressed earlier on,” Povolny said.In a statement, Mobileye said human drivers can also be fooled by such a modification and that the system tested by the researchers was designed to assist a human driver and not to support autonomous driving.Robust Redundancies“Autonomous vehicle technology will not rely on sensing alone, but will also be supported by various other technologies and data, such as crowd sourced mapping, to ensure the reliability of the information received from the camera sensor and offer more robust redundancies and safety,” the company said.The McAfee research follows similar academic work in what’s known as adversarial machine learning, a relatively new field that studies how computer-based learning systems can be manipulated. Researchers in 2017 found that placing four black and white stickers in specific locations on a stop sign could “trick” a computer vision system into seeing a 45 mile per hour speed limit sign, for example.The issue isn’t specific to Tesla or Mobileye, but is a broader weakness inherent in the advanced systems powering self-driving cars, said Missy Cummings, a Duke University robotics professor and autonomous vehicle expert, and researchers have shown that potentially serious malfunctions can be caused by changing the physical environment without accessing the system itself.“And that’s why it’s so dangerous, because you don’t have to access the system to hack it, you just have to access the world that we’re in,” she said.Cummings said McAfee’s findings illustrate why autonomous cars should be subjected to a “vision test” to evaluate whether self-driving systems can safely detect and respond to real-world situations created by other vehicles, pedestrians and other road users.Safety advocates have also urged U.S. auto safety regulators and lawmakers to include such an evaluation among other requirements in new automated vehicle legislation being developed in Congress.(Updates with context on automated vehicle legislation in penultimate paragraph)To contact the reporter on this story: Ryan Beene in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Public service announcement: If you’re an investing novice, you are setting yourself up for a painful lesson.
Wall Street's newest cult stock appears to be Richard Branson's Virgin Galactic Holdings Inc , as investors drive the space tourism stock to sky-high levels and short sellers dig in their heels. Virgin Galactic jumped 15% on Wednesday, adding to a rally that has seen the money-losing company surge over 300% since early December. "I’m calling it Tesla Junior because it's showing all the signs of becoming a cult stock on the long and on the short side," said Ihor Dusaniwsky, a managing director at S3 Partners, a financial analytics firm.
The Dow Jones Industrial Average rallied 170 points in afternoon trading after the Fed released minutes from the January meeting.
The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota and Tesla
Tesla’s (TSLA) stock price has doubled this year. Virgin Galactic’s (SPCE) stock price has nearly tripled in 2020. The world’s most profitable company, Apple (AAPL) withdraws its revenue guidance, and the technology-heavy Nasdaq Composite actually closes higher on the day.
Shares of SolarEdge Technologies Inc. shot up 12.4% toward a record high in active midday trading Wednesday, after Cascend Securities Chief Investment Strategist Eric Ross raised his price target by 17% ahead of the solar power company's fourth-quarter earnings report due out after the close. The stock has run up 28.1% just this year, while the S&P 500 has gained 4.9%. Ross kept his rating at buy but raised his stock price target to $140 from $120. "Storage is gathering real momentum across all makers--starting to become standard," as Tesla Inc.'s home battery Powerwall has made it "sexy," and as solar power storage systems are growing in consumer applications, Ross wrote in a note to clients. And for commercial projects, Ross said his data shows that inverter pricing continued is growth from last year, with pricing reflecting "strong demand combined with nicely balanced supply." SolarEdge is expected to report fourth-quarter earnings of $1.05 a share, up from 27 cents a share ago, according to FactSet, with sales expected to grow 57% to $413.8 million. SolarEdge has missed EPS expectations the past four quarters, but has beaten revenue forecasts for every quarter since it went public in March 2015.
As stocks hit new all-time highs to finish 2019, the professional money managers were busy positioning their portfolios for 2020. What were they buying, and selling, heading into the new year?
Jim Cramer has some thoughts on the markets, Boeing , Tesla , and Nvidia . Jim Cramer penned a Real Money column focusing on why there's too much upside, and not enough downside, which has impacted the selling.
Two McAfee researchers managed to trick a 2016 Tesla into a dangerous burst of acceleration by changing a speed limit reading from 35 m.p.h to 85 m.p.h.
Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker’s shares catapulted higher, according to public filings.
The tech-heavy Nasdaq composite and S&P; 500 hit record highs Wednesday on easing coronavirus fears. Tesla stock surged above 900.
A few weeks ago, Perla Ni went to the Stanford Health Care hospital system for a breast biopsy. Like many Americans, Perla is on a high-deductible health plan, so she had to pay a lot out of pocket. Perla’s insurance company, which had a negotiated discount, got a bill for $67,088.
Stock in the electric-vehicle pioneer rose back above $900 a share after an analyst at Piper Sandler raised his target for the price to the highest on Wall Street.
Tesla Inc (NASDAQ: TSLA ) stock will go higher because of the electric car maker's ability to provide customers with the ability to generate and store the power to run its vehicles, according to a Piper ...