|Bid||210.00 x 800|
|Ask||210.01 x 2900|
|Day's Range||210.96 - 222.24|
|52 Week Range||208.92 - 387.46|
|Beta (3Y Monthly)||-0.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||283.32|
Shares of Tesla Inc. touched another multiyear low Friday after a leaked memo spoke of the Silicon Valley car maker potentially running out of cash in just months without strict cost-control measures.
Albemarle is swiftly expanding its lithium business. Electric-car maverick Tesla's commodity outlook suggests that's the right plan.
It sounds like a broken record, but it isn’t: Tesla (TSLA) got some more bad news. By now, many investors know the electric automaker reported very poor first-quarter production and delivery numbers, including a 45% q/q decrease in production and 31% q/q decline in deliveries. But what’s irking investors now (and what sent its stock down more than 3% at one pint Thursday) is Panasonic's suspension of plans to grow Tesla’s Gigafactory 1, reportedly citing a “demand” issue. On the news, Needham analyst Rajvindra Gill is maintaining his Underperform rating on the stock, without suggesting a price target. (To watch Gill's track record, click here)The Tesla-Panasonic relationship goes back to 2009, when the latter began supplying the former with battery cells. It was expected for production to rise by 50% by 2020, but Gill says Panasonic “decided to freeze this expansion due to concerns regarding demand for Tesla vehicles,” as per a Nikkei report. Gill also believes “Panasonic will “suspend its previously planned investment in Tesla’s integrated automotive battery and EV plant in Shanghai.”For Gill, this question of demand doesn’t come as a surprise. He says, “concerns of weakened demand for Tesla vehicles, particularly for the Model 3, have long been voiced by us and many others on the street. Several key factors contributing to demand concerns are the phasing out of tax subsidies for TSLA's vehicles, TSLA's previously indicated reliance on international sales of the Model 3 to make a profit, and recent sales slump.”The analyst concluded, "[...] we question whether the company will be able to achieve its 360-420k delivery target. Also, much of Tesla's demand roadmap is dependent on penetration into the China EV market. With Panasonic suspending its planned investment in the Shanghai automotive factor, according to the Nikkei report, we wonder if Tesla will have the supply / capacity to meet demand, and if there's enough demand for Tesla's cars to begin with given the intense competition in that market."Tesla’s rocky 2018 has carried over to the first three months of the new year. Last year, the company faced numerous challenges — ranging from production, demand and pricing to CEO Elon Musk’s squabble with the SEC. As soon as one challenge was overcame — and stock confidence increased — suddenly another challenge came up. The company’s 2018 up-and-down stock chart — which rose or fell 10% more than a dozen times — shows Tesla’s inconsistency. While the company is one of the most well-known and loved by investors, it is also among the most scrutinized, which makes for a hit-or-miss chart. While there is little agreement on what to do with Tesla stock, there is agreement among the analyst community on one thing: You wouldn’t be crazy if you invested — or didn’t invest — in Tesla. TipRanks analysis of 25 analyst shows a Hold consensus, with nine analysts say Buy, six say Hold and ten recommend Sell. The average price target among these analysts stand at $297.33, suggesting the stock can rise about 10% from current levels. (See TSLA's price targets and analyst ratings on TipRanks) Read more on TSLA: * Tesla Executes the ‘Blitzscaling’ Strategy * Is Tesla Stock on Brink After Poor Deliveries Report? * Why Tesla Stock Is Headed in the Wrong Direction * Tesla Deliveries: Underlying Demand Is All That Matters More recent articles from Smarter Analyst: * Gene Munster: Key Takeaways From Nvidia (NVDA) Earnings * Trade War? Top Analyst Says Alibaba (BABA) Stock Still a Buy * The Green Organic Dutchman (TGODF) Stock -- Not Sinking Exactly, But Not Sailing Anywhere Fast * Is Boeing (BA) Stock a Buy Ahead of FAA Announcement?
WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe.
Tesla (NASDAQ:TSLA) ended the week on a sour note as it was discovered that a Tesla Model 3 driver was using the vehicle in Autopilot mode before the vehicle crashed into a semi truck back in March, killing the driver.Source: Tesla The news was announced by federal investigators in a report Thursday, which revealed that the car was driving beneath the trailer in a crash that is reminiscent of a similar accident that happened in Florida in 2016, which also saw the vehicle operate in Autopilot. Both instances saw the drivers die, while the top of the vehicles were sheared off.The most recent crash took place in Delray Beach, Florida as the 50-year-old driver put the car on Autopilot roughly 10 seconds before the sedan crashed with a semi-truck, per the National Transportation Safety Board. The agency did not say that the Tesla driver was at fault for the crash.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe 2018 Model 3 was reportedly traveling at about 68 mph on a highway with a speed limit of 55 mph, according to the agency, which added that the driver nor the system made any sort of evasive maneuvers, according to preliminary data and video. This is now the fourth time a driver has lost his life while using a Tesla vehicle in Autopilot.The news had a negative impact on the brand as TSLA stock is down 6.9% on Friday. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 6 Chinese Stocks That Could Pop On a Trade Deal * 10 Retirement Stocks That Won't Wilt in a Bear Market Compare Brokers The post Tesla News: Why TSLA Stock Is Tumbling Today appeared first on InvestorPlace.
Stocks that moved substantially or traded heavily on Friday: Deere & Co., down $11.17 to $134.82 The farm equipment maker's quarterly profit missed expectations amid weakness in the agriculture sector. ...
If Tesla keeps burning cash at the same rate, it’ll run out of cash in 10 months, Musk wrote in a memo to employees.
GM, Ford and auto other stocks fell despite trade war headwinds easing. President Trump officially postponed auto tariffs by up to six months.
Stocks did a good job bouncing off their morning lows, but how long can bulls keep that action up? The market would do a whole lot better if investors didn't have to worry about a tweet from the president sending a ripple through Chinese and U.S. trade negotiations, but that's the market we have right now. Let's look at some top stock trades to get started on next week. Top Stock Trades for Tomorrow 1: BaiduBaidu (NASDAQ:BIDU) has one of the worst-looking charts out there among the names that I follow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt made a really elongated wedge from 2015 to 2017. I was hoping the bulls would be able to keep the stock above the backside of this prior resistance mark, but so far, no cigar. Maybe they can salvage it next week, but it's looking pretty awful.Below all of its major weekly moving averages (and daily moving averages for that matter), as well as any meaningful support level and this one is simply a no-touch for traders. Shares are down more than 15% after reporting earnings. * 6 Chinese Stocks That Could Pop On a Trade Deal Until we see some hints of a reversal (maybe near $115 to $120) or until BIDU can reclaim $130 and $140, this one is stuck in no man's land for the time being. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeWe've been sounding the alarm bell on Tesla (NASDAQ:TSLA) since long-time range support near $245 to $250 gave way. It's been stuck in this nasty downtrend and is making new 52-week lows on Friday.Do bulls make a stand next week, perhaps near $210? Maybe. Or we might continue to see a flush. Wait for the move first, then react. Reclaiming channel support gives investors a level to shoot against while aiming for a retest of channel resistance. See how it trades on Monday and Tuesday. Top Stock Trades for Tomorrow 3: iQiyi Click to EnlargeDown more than 6% and it's clear that the market doesn't care about iQiyi's (NASDAQ:IQ) strong user growth or revenue growth. Profits are missing and that's worrying investors. It doesn't help that IQ is a Chinese stock too.The sign it was in trouble came once shares broke below $23, the gap-from level back in February. For those that needed an even more clear sign, the retest-and-fail earlier this month (purple arrow) showed that IQ's time was up.Below all of its major moving averages and with a trend pointed lower, IQ stock doesn't look good. Maybe it bottoms near $18 to $18.50. If it breaks this mark, there could be a long way down. Keep in mind this stock was below $15 back in December. For anything sustainable to get going on the long side, it needs to get above its 20-day moving average. Top Stock Trades for Tomorrow 4: Deere Click to EnlargeDown 7.25% on earnings and it's a tough day for Deere (NYSE:DE) too. Shares broke below range support at $155, as well as the 50-week moving average near $150. Now near $136, and DE may actually be setting up as a solid risk/reward long.Shares have only closed below $135 on a weekly basis once since December 2017. Should this level hold next week, it could be a good spot to nibble. There have been a few "shoots" below this mark -- some to the upper-$120s, some just into the $134s -- but by and large $135 has held. A close below could take DE to $125.Ideally, we see DE shoot below $135 before reversing higher and closing above this week's lows. Then we'll have a more measurable setup. Top Stock Trades for Tomorrow 5: Micron Click to EnlargeLast but not least, here's a good lesson in Micron (NASDAQ:MU). Shares are down 3.3% on Friday and have been hammered these past few weeks. Remember at the beginning of the month, we flagged the warning signs here. In hindsight, I should have been even more cautious.Shares were still OK despite that lower low (orange arrow) but then it notched a lower high as well. Once it broke $40.76 to the downside, that was the last-straw sign to bail. Now bouncing off $36, it's been an ugly ride. If trapped bulls are lucky, they'll get a bounce next week that they can unload into. * 3 Chinese Stocks to Buy Now and Hold for the Long Haul Otherwise, use this one as a lesson. When the trend bends, it's no longer your friend.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Top Stock Trades for Monday: TSLA, BIDU, IQ, DE, MU appeared first on InvestorPlace.
Musk, Tesla’s chief executive officer, wrote in an email to staff late Thursday that he and new Chief Financial Officer Zachary Kirkhorn will review “literally every payment” that leaves the company’s coffers to confirm that expenditures are critical.
Shares in Tesla dipped more than 5% on Friday, after a U.S. safety regulator found its Autopilot system was engaged during a fatal Model 3 crash earlier this year. Elon Musk sent out a companywide email Thursday cautioning employees to take extreme measures to control costs. The Tesla CEO vowed to "Personally review and sign" every 10th page of outgoing payments.
The NTSB says Tesla's Autopilot technology was "active" at the time of a fatal crash in March. The crash took place in Delray Beach, Florida, and killed the car's 50-year-old driver. Tesla shares have been on a steady decline since late 2018.
After Tweets, Elon Musk’s Email Wreaks Havoc on Tesla StockTesla has fallen in the last couple of daysTesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they’ve recouped their losses, and
will no longer be on autopilot when it comes to company expenses. Tesla CEO Elon Musk on Thursday said that, effective immediately, he and the company's new chief financial officer personally will review all expenses going forward in a "hardcore" attempt to cut costs following massive losses during the last quarter.
(TSLA) stock fell in early Friday trading as investors digested reports that the company was undergoing some “hard-core” cost management not long after it took in more than $2 billion in fresh funding. Tesla stock (ticker: TSLA) was recently down 3.8% to $219.60, tapping 52-week lows intraday. Late Thursday, Electrek reported on an internal email in which CEO Elon Musk said executives—up to and including himself and Chief Financial Officer Zach Kirkhorn—would be closely reviewing every payment.
This report raises multiple troubling questions for Tesla, including speculating on the different kinds of liability Tesla may have. In summary, the Tesla was traveling on a 55 MPH speed limit road while on Autopilot -- but going 68 MPH. A large truck was crossing the road, and for whatever reason the Tesla did not stop.
There are many reasons to love Tesla's (TSLA) products, but investors are still waiting for new reasons to love the stock again.The company recently raised about $2.3 billion through debt and equity, including a $1.6 convertible bond and the sale of $750 million of company stock. While this cash raise will help keep products flowing — ensuring continued customer happiness — Tesla still faces sales and operations challenges. With the company's latest quarterly release showing a 40% drop in cash, attention is turning (again) to the financial well-being of the electric automaker.Unfortunately for shareholders, Barclays analyst Brian Johnson thinks the stock will keep sinking. He reiterated an Underweight rating on Tesla stock, with a $192 price target, which implies about 16% downside from current levels. (To watch Johnson's track record, click here)Johnson sees extreme polarization in Tesla opinions. The analyst says “hyper bulls...see TSLA dominating multiple large addressable markets,” but the analyst also sees “hyper bears, who see Tesla as one step away from bankruptcy.” While Johnson has been characterized as a bear who sees “bankruptcy concerns [receding],” he also sees growth diminishing."Hyper bears who were short TSLA shares on bankruptcy concerns may need to go back to their caves. But at the same time, however, some of the rational bulls may need to reassess the idea that Tesla will become a profitable auto market, as press accounts of the conference call on May 2 around the fund raising indicate that Elon Musk “sold” the deal based on the promise of autonomous robo-taxis by 2020 and appears to be pivoting from improving auto margins and profitability," Johnson noted.From a product view, Tesla is a 'buy.' The Model X and Y are both rated alongside the best luxury cars in the country, while the Model 3 has promise to be the first affordable and mainstream electric car. The company is also a technology leader, and continues to push self-driving cars, with CEO Elon Musk saying recently he expects autonomous taxis next year. But the number don’t always back the stock. Some investors argue the company is a 'sell' once you dig deeper. For example, just the fact that the company had to raise additional funds has many investors concerned. The company is also struggling to maintain consistent profitability. Consistency may actually be the word of choice for many — while one quarter provides surprisingly strong results, the next two quarters may show surprisingly weak performance. All in all, Tesla investors are confused on the value proposition of the stock. TipRanks analysis of 26 analyst echoes this confusion, showing a Hold consensus, with eight analysts Buying, seven saying Hold and 11 recommending Sell. However, the price target among these analysts stands at $276.64, which represents a 21% increase from current levels. Read more on TSLA: * Tesla (TSLA) Stock: A Real Lift or a Dead Cat Bounce? * What Does $2.7 Billion Buy Tesla (TSLA) Stock? * Should Investors Dump Tesla (TSLA) Stock? Oppenheimer Says No More recent articles from Smarter Analyst: * Gene Munster: Key Takeaways From Nvidia (NVDA) Earnings * Trade War? Top Analyst Says Alibaba (BABA) Stock Still a Buy * The Green Organic Dutchman (TGODF) Stock -- Not Sinking Exactly, But Not Sailing Anywhere Fast * Is Boeing (BA) Stock a Buy Ahead of FAA Announcement?
Tesla Decides to Tighten Belt in Pursuit of Sustainable ProfitsElon MuskTesla (TSLA) CEO Elon Musk has announced that Tesla will tighten its belt amid its cash burn. Tesla had $2.2 billion of cash and cash equivalents at the end of the first
Shares of Tesla Inc. took a 2.8% dive in premarket trade Friday, after the National Transportation Safety Board (NTSB) determined that a Tesla vehicle involved in a fatal crash in March was on Autopilot, the electric car maker's suite of advanced driver assistance systems. The selloff put the electric car maker's stock on track to open at the lowest level seen during regular session hours since January 2017. Separately, Tesla Chief Executive Elon Musk reportedly told employees that the $2.2 billion in cash reserves only gives the company about 10 months to break even, at recent cash burn rates. The stock has tumbled 31% year to date through Thursday, while the S&P 500 has gained 15%.