|Bid||189.74 x 800|
|Ask||189.85 x 1400|
|Day's Range||188.75 - 199.98|
|52 Week Range||186.22 - 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|
SpaceX has raised more funding than previously thought. Elon Musk's venture has brought in $1.02 billion since the beginning of the year, more than SpaceX was seeking. The funds are key, as Spacex must finance its daunting plan to provide internet from a network of thousands of small satellites.
It was a bad week for Tesla, with the electric car company getting hammered by Wall Street analysts as Tesla stock plunged to a level not seen in more than two years, down 43% this year.
The electric-auto maker’s junk debt yields over 9% for good reason. If you’re feeling lucky, our options maven suggests a hedge.
Morgan Stanley threw the biggest blow, declaring that in a worst-case scenario, Tesla’s shares could sink to a shocking $10. A Wedbush analyst said the carmaker is facing a “code red situation” and cast doubt on whether Tesla can sell enough of its electric cars to make a profit. Some $23 billion in shareholder value has been wiped out, sinking the company’s market cap back below that of General Motors and Ford.
Did you know that in every U.S. state a portion of population doesn’t have access to broadband internet, and that some have no internet connection at all? According to the Federal Communications Commission, that is more than 24 million Americans, or about 8% of the population. As of April 2019, 81% of the developed world and only 56% of the world’s population had internet access.
The stock market correction intensified this week along with China trade war fears. Qualcomm and other chipmakers dived. So did department stores and Tesla.
CAPE CANAVERAL, Fla. (AP) — SpaceX has launched 60 little satellites, the first of thousands that founder Elon Musk plans to put in orbit for global internet coverage.
An analyst for Ark Invest, which has a major investment in Tesla, says drastic price-target cuts by others on Wall Street are missing the big picture. "In our valuation model we actually expect, we have Tesla raising an additional $10 billion to $20 billion in the next five years," says Ark's Tasha Keeney. Ark's bear case on Tesla is $560 per share in five years and its bull case is $4,000 per share.
Ten years into the race to build self-driving cars, many developers, analysts and even venture capital firms say robot cars won't go mainstream for at least another decade, maybe longer.
Wall Street is turning on Tesla TSLA . Just this week, three major firms — Wedbush, Citi, and Morgan Stanley — have slashed their price targets on the electric car maker, citing a mix of demand and growth concerns. The options market is turning on the stock, too, says Todd Gordon , founder of TradingAnalysis.com.
Over the past several months, the bears have taken control of Tesla (NASDAQ:TSLA) shares amid a flurry of negative catalysts. Broadly, they imply that the company's growth narrative is losing steam. Tesla stock has consequently fallen off a cliff, dropping from $380 in late 2018 to below $200 today. Indeed, the equity currently trades at its lowest levels since late 2016.Source: Tesla To make matters worse, Wall Street analysts are throwing in the towel. Quite a few analyst firms are throwing out doomsday targets for the TSLA stock price which are spooking investors. For instance, Morgan Stanley recently cut its bear-case forecast to $10, while Citi lowered its per-share expectations to $36.Currently, the Tesla stock price trades just under $200, and that's a multi-year low. But does that really justify the idea that shares could fall another 90% or more from here?InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn a doomsday scenario, yes. But it is highly unlikely to happen. Instead, given current trends, it's much more likely that TSLA stock stages a meaningful turnaround over the next few months. How Tesla Stock Could Fall Below $50There is a viable doomsday scenario wherein Tesla stock does indeed fall below $50 in 2019. That scenario is as follows. * 6 Stocks to Buy for This Decade's Massive Megatrend Think out 10 years. The current car market measures around 70 million vehicle sales every year. That market has grown at a steady low-single-digit compounded annual growth rate for a long time. Ride-sharing and car-ownership trends may stall out growth. Over the next decade, the market may not grow at all. If so, the market could measure 70 million cars by 2030.Electric-vehicle penetration into that market has been steadily rising, and projects to keep doing so. But it may stall out as logistics and price become consumer-pain points, diluting demand. Broadly then, the EV penetration rate may only reach 20% by 2030, implying 14 million EV sales.Tesla's current market share of the global EV market exceeds 10% and is rising, thanks to the Model 3 ramp. Worst-case scenario, Tesla loses significant market share as new vehicle ramp slows and more competitors enter the market. Tesla's market share could fall to 5%, implying only 700,000 vehicles delivered by 2030, representing mild annualized growth from this year's projected 380,000 vehicle-delivery base.Average selling prices could fall in the face of competition towards $50,000, as Tesla is forced to discount to sell more cars. Thus, revenues may only round out to around $35 billion in 2030. For the record, analysts project top-line sales to surpass $30 billion next year.Meanwhile, gross margins may stall out around 20%, while the opex rate may only fall to 15% due to lack of top-line scale. Operating profits, then, would come in around $1.75 billion. Taking out $750 million for interest expense and 20% for taxes, you're left with around $800 million in net profits. On what will likely be 200 million shares out, that equates to $4 in EPS.Based on a market average 16-forward multiple, that equates to a 2029 price target of $64. Discounted back by 10% per year, that equates to a 2019 price target of around $25. Why TSLA Stock Will Rally Back Toward $300To repeat, we could see Tesla stock drop below $50 in 2019 in a dire circumstance. But it's highly improbable. Instead, it's much more likely that it rallies from here. Click to EnlargeWhy? Because most trends remain favorable for Tesla. Sure, demand is waning in the new year, but total vehicle-delivery volume both in the U.S. and globally continues to rise on a trailing-12-month basis. Further, Tesla still has the most popular EVs in the U.S., and the company's market share similarly continues to head higher. The only problems are that U.S. EV demand is stalling out, and Tesla is having trouble delivering its cars in international markets.These two problems won't last. U.S. EV demand surged higher in late 2018. Now, it's normalizing lower. This is natural. It has happened before; several times, in fact. And every time it does happen, growth eventually picks back up, and the EV industry continues on a secular-growth track.The same thing will happen this time, mostly because consumer awareness of and demand for EVs remains robust. Moreover, legislation globally continues to promote EV adoption. Thus, EV demand will bounce back, and when it does, Tesla vehicle delivery volume will pick up, too. Click to EnlargeMeanwhile, Tesla won't forever struggle delivering its car in international markets. There was a point in time when Tesla had similar difficulties delivering cars in the U.S. Now, Tesla has three of the top six selling EVs in the U.S., and this has been the case for several quarters. The same dynamic will play out overseas. Tesla will figure out its international logistics issues and eventually turn into the leading player in those markets.Overall, then, today's macro and logistics-related headwinds won't last. Once they pass, all Tesla needs to do is continue stabilizing market share in a rapidly growing global EV market. Later, they can let scale drive operating leverage to produce sizable profits down the road.By my numbers, the Tesla stock price is actually worth well over $300 today if you consider the big picture. I think that by 2030, TSLA could easily capture 10% of an EV market that will measure around 25 million vehicles, implying 2.5 million deliveries in 2030. I think that will ultimately propel EPS towards $50 by 2030, which again is based on a market average 16-forward multiple and a 10% discount rate.Combine the metrics together, and they translate to a 2019 price target of over $300. The Bottom LineRight now, everyone is focused on the doomsday scenario for TSLA stock, with many analysts suggesting a drop below $50.But there is a very, very slim chance that doomsday scenario plays out. Instead, given the big-picture fundamentals and long-term growth trends, it is much more likely that Tesla continues to stabilize market share in a rapidly growing EV market. Eventually, this dynamic will help Tesla stock rebound massively from its hugely disappointing 2019 selloff.As of this writing, Luke Lango was long TSLA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Could the Tesla Stock Price Really Fall to $10? appeared first on InvestorPlace.
Tesla Inc. stock rises for the first time in six sessions, boosted by a leaked email from Chief Executive Elon Musk promising record-breaking sales for the company.
Electric cars are the future. But Tesla is heading down on fears of slowing demand. That leaves General Motors, which also sells a lot of cars and trucks and has gotten a lot leaner, as a better play.
that Facebook may be hooking up with the Gemini cryptocurrency exchange for its digital currency, possibly being developed by its new Swiss-registered Libra fintech offshoot. The portents obviously seem good then, except that Gemini was founded by the Winklevoss twins, longtime arch enemies of Mark Zuckerberg, who they sued for allegedly stealing their idea for a social network. A happier union, if the digital currency gets off the ground, would be between ecommerce and Facebook's advertising business.
As Tesla’s share price sank below $200 this week, Elon Musk lost one of his most effective levers in keeping the electric-car company motoring. The group’s stock price has been a powerful competitive weapon for Mr Musk, enabling him to raise large amounts of money relatively cheaply.
SpaceX launched its first wave of operational Starlink satellites for a space-based internet Thursday night after a week-long delay.
Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up.
It’s been a rough wee for Tesla’s management. Yahoo Finance’s Alexis Christoforous and Brian Sozzi break down the the stocks rollercoaster ride and what analysts are saying.
The bears pile on as Tesla's sales goal is at risk because of the trade war with China. But investors are shrugging off that call today with shares rising for the first time in 7 days after CEO Elon Musk reportedly emailed employees, stating Tesla made an average of 900 model 3s per day this week.
Tesla CEO Elon Musk said 2019 would bring an affordable electric car built in a new factory in China. But as WSJ’s Tim Higgins reports, investors may be losing confidence in that plan. Photo illustration: Laura Kammermann
Tesla Inc is on course to deliver a record number of cars in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an internal email that Elon Musk sent to his staff. CNBC's Phil LeBeau reports.
Tasha Keeney, analyst at Ark Invest, and Bryce Doty, senior portfolio manager at Sit Fixed Income Advisors, join "Squawk Box" to discuss the latest on Tesla's tensions.
John Roque, technical analyst and market strategist at Wolfe Research, and CNBC's Mike Santoli join "Squawk Box" to discuss market technicals.