|Bid||823.77 x 800|
|Ask||824.00 x 1800|
|Day's Range||819.10 - 859.90|
|52 Week Range||70.10 - 884.49|
|Beta (5Y Monthly)||2.19|
|PE Ratio (TTM)||1,579.66|
|Earnings Date||Jan 27, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||500.27|
Biden stimulus buzz may be waning, as the market rally had a healthy pullback. So did Tesla. Qualcomm and JPMorgan are near buy points.
Elon Musk has donated $5 million to educational platform Khan Academy.What Happened: Sal Khan, founder of Khan Academy, thanked Tesla Inc (NASDAQ: TSLA) founder Elon Musk for his donation, CNN has reported today.In a YouTube video, Sal Khan expressed his gratitude to Musk, who donated the money through the Musk Foundation."This is going to allow us to accelerate all sorts of content. Our aspirations are all subjects -- from kids to early stages of college," Khan said in the video. "This will accelerate our science content, allow us to do more early learning, allow us to make the software and the practice that much more engaging."Why It Matters: Khan Academy, founded in 2005, operates as a non-profit and provides free online education.The Musk Foundation was founded in 2002. It invests in projects working on science and engineering education, human space exploration research and safe artificial intelligence, according to its website.See more from Benzinga * Click here for options trades from Benzinga * Mixed Signals: Elon Musk Tweet About Messaging App Sends People Rushing To Buy Unrelated Stock * Crypto Market Update, Jan. 3: Ethereum Eyes k, Dogecoin Down 19%(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tesla Model YTesla Inc (NASDAQ: TSLA) is taking legal action againt a Chinese tech media outlet called PingWest that earlier reported of harsh working conditions and quality control problem at Tesla's Shanghai Gigafactory.What Happened: Tesla reportedly has sent an "indictment" and other legal notices to PingWest over a report the outlet published on Dec. 25. The report, published in Chinese and English, claimed that workers toil under "sweatshop" conditions at the Shanghai factory, and that the company was cutting corners on quality to speed up production. Unnamed workers describe the plant is being low-tech and high-pressure, with bosses who are overly demanding -- in other words, like a stereotypical Chinese factory."PingWest has found that the insanely high production volume has not been the direct result of the technological advancement that Tesla is known for, but rather the same old high-intensity manual labor that still plagues many industries inside China," PingWest reported."Workers who spoke to PingWest said that in reality, Tesla's Shanghai factory was not much different from other automotive plants they've worked at."Today, the Global Times, a Chinese Communist Party-controlled tabloid, reports that Tesla sent PingWest an "indictment, a notice of responding to prosecution, as well as other affidavit." Global Times cites a statement issued today by PingWest, formally known as Beijing PingWest Interact Technology Co.PingWest has until Feb. 8 to respond and says it will "actively cooperate" with Tesla's lawsuit, Global Times reported.Words Followed By Action: Tesla earlier had threated this legal action. Tao Lin, Tesla China's vice president for external affairs, called the PingWest report "outrageous" as soon as it came out and promised legal action would follow, according to CX Tech, a branch of the business publication Caixin. CX Tech also reported that the spat has led to rumors swirling online in China: "Some internet users [suggest] that He Xiaopeng, CEO of Tesla's domestic rival Xpeng, holds a stake in the media outlet, an allegation denied by PingWest."Why It Matters: China is a hugely important market for Tesla and partly why the stock price skyrocketed more than 700% in 2020.Wedbush Securities analyst Daniel Ives predicted in November that 40% of Tesla sales could come from China by 2022.And orders for the company's Model Y, produced in Shanghai, reportedly ate up the full first quarter's worth of supply within days, just after opening up a web page for orders at the start of the year.Photo courtesy of Tesla.See more from Benzinga * Click here for options trades from Benzinga * Tesla Searching For Director, Staff As It Plans To Set Up Design Studio In China: Reuters * World's 4th Largest Automaker Set To Take Shape Monday(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.