368.50 +1.74 (0.47%)
After hours: 7:55PM EST
|Bid||368.01 x 900|
|Ask||368.69 x 1000|
|Day's Range||360.26 - 372.09|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||331.60|
Tesla CEO Elon Musk has floated the idea for an all-electric pickup truck numerous times in the two years. Now, he's back at it, this time with a teaser that Tesla might have a prototype to unveil in 2019. Musk mentioned on Twitter the desire to produce a pickup truck way back in April 2017, before the first Model 3 sedans had been handed over to customers and the CEO had entered production hell.
A premature President Donald Trump tweet, a phone call between trade negotiators and then days later, China may be backing down on a key bone of contention: An elimination of retaliatory tariffs on U.S. automobiles has been submitted to the State Council, people familiar with the matter told Bloomberg News. The optics weaken China’s hand. To begin with, earlier this year China lowered import tariffs to 15 percent on autos and components, from 25 percent for passenger cars and 20 percent on trucks.
The company has been in focus ahead of a planned merger with Pandora (NYSE:P). The company will next report results on Jan. 23 before the bell. Analysts are looking for earnings of 6 cents per share on revenues of $1.5 billion.
Management looks for higher Model 3 sales with a push to get that important car into the hands of more customers before the end of the year.
The Tesla (NASDAQ:TSLA) CEO made mention of the Tesla electric pickup truck while responding to the person on Twitter (NYSE:TWTR). The person asked about the truck in response to Musk’s own comment saying that he loves that people are buying Tesla vehicles even if they don’t believe in climate change. Here’s what Elon Musk has to say in his Tweet about the Tesla electric pickup truck.
Trade talks with China and a delayed Brexit vote sent stocks higher Tuesday; automakers rallied, and Tesla and Kirkland got serious about buy points.
The stock market held heavy gains in early trade Tuesday. Tesla stock battled to regain its cup-with-handle buy point.
Dow Jones futures: Tesla neared a handle buy point again. Splunk finished a handle Monday. Cisco Systems, ServiceNow and Atlassian are working on handles.
The Nasdaq jumped 1.6% early in today's stock market, cheered by reports that China is working on a plan to cut U.S. car tariffs, but gains faded.
WASHINGTON/BEIJING, Dec 11 (Reuters) - China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for a new talks aimed at easing the bitter trade war between the world's two largest economies. China's plan was communicated during a phone call between Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning Beijing time, the official said. News of the move, also reported by other media outlets and automotive executives briefed on the talks, boosted automakers' shares and helped lift U.S. shares more broadly before worries about a U.S. government shutdown prompted a pullback.
Tesla’s exponentially rising Model 3 production rate has also made Tesla short-sellers lose money. In a recent interview with CNBC, billionaire investor Paul Tudor Jones didn’t seem very happy with Tesla. Jones, while answering a question about automakers (XLY) and focusing on Tesla, said, “They don’t do a great job on worker pay and treatment.
Investors cheered on Tuesday after reports that China is planning to reduce tariffs on vehicles imported from the U.S. The news is a boon for U.S. auto makers. It’s not, however, likely to move these stocks in the longer term, given an overall slowdown in China sales. (GM) was up 2.1% in midday trading and (F) (F) rose 0.6% in an otherwise flat market.
Tesla's legal battle with ex-employee Martin Tripp is turning even more acrimonious. The electric vehicle maker is now seeking $167 million in damages from the former process engineer, Nevada case filings reveal.
Real Money's editors tasked me with delineating the impacts of the proposed cut in China's import tariff on U.S.-made autos from the current rate of 40% to 15%. President Trump tweeted last week that such a reduction was a done deal and published reports out of China overnight noted that China's Cabinet was now considering such a move. A brief history of China's auto import tariffs is necessary here since so many reports are conflating the amount by which tariffs would be reduced (25%) with the amount of the tariff itself.
This article first appeared on SumZero, the world’s largest research community of buyside investment professionals. The combination of understated earnings and less media attention lead investors to underrate the strength and growth of Cummins’ business.
Musk said in a series of tweets that the CBS Corp. program cut some of his comments about relinquishing the job as part of his settlement with the U.S. Securities and Exchange Commission. The CEO called for “60 Minutes” to release the full exchange he had with anchor Leslie Stahl about being replaced by Robyn Denholm, who was already a director on Tesla’s board.
On Tuesday, though, there are reports that China is discussing cutting the current import tariff of 40% on U.S.-made vehicles down to 15%. Despite GM and Ford being notable auto manufacturers in the U.S., they don't export very many vehicles to China. Through their joint venture partnerships, almost all of their vehicles made for China are produced in China.
A few weeks ago, TheStreet asked if anyone is actually overseeing Tesla CEO Elon Musk's tweets. In an interview with 60 Minutes, Musk declared "I do not respect the SEC" and denied that anyone at Tesla is reviewing his Twitter account, citing first amendment rights. Musk's comments in the interview raise more questions about Musk and Tesla's relationship with the SEC, and more broadly, on how Tesla is run.
Tesla Inc. Chief Executive Elon Musk tweeted Tuesday he is planning to retire the title of chairman of the company in three years. The title is "honorific, not executive role, which means it's not needed to run Tesla," Musk tweeted in response to a tiff stemming from statements from his "60 Minutes" interview over the weekend. Musk tweeted that "60 Minutes" edited out "provided I have the support of shareholders" from a the end of a sentence where he said he could do "whatever" he wanted since he is Tesla's largest shareholder. Musk had to relinquish the title of chairman as part of a settlement with the Securities and Exchange Commission over his "funding secured" tweet about taking Tesla private. Board member and telecom executive Robyn Denholm last month was named Tesla's board chair. Tesla shares have gained 19% this year, versus losses of 0.9% each for the S&P 500 index and the Dow Jones Industrial Average.
The broader market started December 11 on a positive note, with the S&P 500 benchmark trading at a 1.3% rise as of 9:34 AM EST. Auto stocks are leading the stock market rally (QQQ) today. General Motors (GM), Ford Motor Company (F), and Fiat Chrysler Automobiles (FCAU) have risen 3.5%, 3.2%, and 2.5%, respectively.