|Bid||268.92 x 800|
|Ask||269.47 x 1300|
|Day's Range||263.46 - 273.30|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||328.32|
Tesla CEO Elon Musk is in blatant violation of a settlement agreementreached last year over securities fraud allegations, the U
Elon Musk's shoes — a custom pair of Nikes with a Tesla logo emblazoned abovethe toe box — were the belle of the company's Model Y unveiling last week
The battle between Musk and the Securities and Exchange Commission raged on Monday through the exchange of court fillings that made a friendly handshake seem unlikely.
"Musk’s shifting justifications suggest that there was never any good faith effort to comply with the Court’s order and the Tesla Policy," SEC regulators said in a new filing this week.
Tesla Inc NASDAQ/NGS:TSLAView full report here! Summary * Bearish sentiment is moderate and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderately high for TSLA with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on March 12. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold TSLA had net inflows of $296 million over the last one-month. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Tesla CEO Elon Musk's habit for sparring with federal securities regulators is making Wall Street nervous. Tesla TSLA shares were down 1.3 percent in morning trading Tuesday, hours after the U.S. Securities and Exchange Commission doubled down on its allegation that Musk "blatantly violated" a settlement with the agency by discussing the company's production forecasts on Twitter on Feb. 19.
Staff at the automaker’s lone assembly plant in Fremont, California, spent almost three times as many days off the job because of work-related injuries and illness in 2018 as the year before, an indication of just how much strain they were under as they manufactured electric cars at scale for the first time. When taking headcount growth into account, the amount of time away per worker doubled last year, according to Tesla’s report to the Occupational Safety and Health Administration, while the overall rate of injuries per hour of work remained roughly the same as in 2017.
Elon Musk is in hot water with the Securities and Exchange Commission again. In February, the U.S. regulator asked a federal judge to hold Tesla Inc.’s (TSLA) CEO in contempt after he inaccurately tweeted Feb. 19 that the electric automaker will make around half a million cars in 2019 to his 25 million followers. The SEC wasn’t impressed, claiming that the tweet, which Musk corrected four hours later to include the term “annualized,” betrayed a legally-binding agreement prohibiting him from publishing market-moving messages on social media without them being vetted first.
Things are getting complicated for Boeing. Reports Tuesday suggest that China is looking to exclude the 737 MAX from a list of products it would buy as part of a new trade deal. Starbucks’s new rewards program and Tesla’s continuing legal troubles are in focus as well.
CEO Jensen Huang made plenty of hardware and software announcements during a 160-minute keynote talk at the company's annual developer's conference on Monday after the market close. Huang also disclosed some new partnerships, and shared a handful of impressive stats about its developer base and number of gaming customers. Nvidia shares were up 1.7% to $171.74 in pre-market trading on Tuesday.
Tesla TXL-CA — CEO Elon Musk has not sought pre-approval for any tweet related to the automaker since striking a settlement with the Securities and Exchange Commission (SEC), according to a filing by the commission with a judge. The SEC is seeking to hold Musk in contempt of court for alleged violation of the settlement agreement. Netflix NFLX — CEO Reed Hastings said the video streaming service will not make its movies or TV shows available on the new video offering that Apple AAPL is expected to announce next week.
Attorneys for the Securities and Exchange Commission on Monday blasted Tesla Inc. Chief Executive Elon Musk’s defense over whether he should be held in contempt of court, calling one of his arguments “ridiculous.”
U.S. stock futures rose modestly on Tuesday, and global stocks steadied as investors kept risk appetite in check ahead of the start of the two-day Federal Reserve meeting. Contracts tied to the Dow Jones Industrial Average were up 80 points, futures for the S&P 500 rose 8 points, and Nasdaq futures gained 22 points. The Federal Reserve, which tries to regulate the speed of the economy by raising or lowering U.S. interest rates, finds itself at a crossroads, with Donald Trump's administration insisting that his tax-cut-fueled growth will continue apace for years to come while a majority of economists now see a recession as inevitable within the next three years.
Staff at Tesla’s lone assembly plant in Fremont, California, logged 22,454 days lost in 2018, up from 7,619 in 2017, according to a report the company submitted to the Occupational Safety and Health Administration. The sharp increase in the number of days away from work suggests a greater severity of injuries, said Deborah Berkowitz, who served as OSHA’s chief of staff under President Barack Obama and called the data “alarming.” The rise in the average time missed -- to 66 work days in 2018 from 35 the year before -- is a “red flag,” she said.
China Evergrande Group, the nation’s second-largest property developer, has been moving further away from its real estate roots for years, but this may be its boldest departure yet. “Evergrande has positioned across the electric-vehicle industry chain and is now armed with advanced technology,” Chairman Hui Ka Yan was cited by the company as telling a supply-chain conference held by the group in Tianjin on Saturday.
The Securities and Exchange Commission said on Monday that Mr Musk had brazenly ignored a federal judge’s order to ensure his tweets were approved by Tesla’s lawyers. Not a single tweet from Mr Musk has had legal signoff, the SEC said in a court claim. Mr Musk, who has previously sent the value of Tesla’s shares soaring after tweeting inaccurate information, has argued he believes the order only covers information that is material to investors.
Tesla boss Elon Musk has never sought pre-approval for a single tweet about the carmaker despite striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top US securities regulator told a judge on Monday.
“Such brazen disregard of this court’s order is unacceptable and unworkable going forward," the SEC said in the filing. John Hueston, a lawyer representing Musk, wrote to U.S. District Judge Alison Nathan, requesting permission to file a response by March 22.
Lawyers for the Securities and Exchange Commission, in a response to Musk, wrote that when the contempt motion was filed in February, Musk had not had a single tweet approved by a company lawyer, violating a requirement of a court-approved settlement order. The October securities fraud settlement stemmed from tweets by Musk in August about having the money to take Tesla private at $420 per share. Tesla and Musk each had to pay $20 million in fines and agree to governance changes that included Musk's removal as chairman.
The Securities and Exchange Commission is doubling down on the government's demand to find the Tesla CEO in contempt of a previous fraud settlement that required him to have the company pre-approve any tweets that could materially impact the automaker. The ongoing public battle between Tesla's chief executive and the SEC piles pressure on Musk, the public face of Tesla, who is struggling to make the company profitable after cutting the price of its Model 3 sedan to $35,000.
CEO Elon Musk for his alleged failure to abide by an agreement to curb his "reckless" tweets, with the commission calling the billionaire's behavior "stunning" in court papers filed late Monday. In a filing in federal court, lawyers for the SEC rejected Musk's defense of his recent social-media activity, and called for the Tesla founder be held in contempt of court for a series of more than a dozen tweets, including one on Tesla production numbers. The commission contends the recent tweets, including one that boasted that Tesla would build 500,000 electric cars in 2019, violated an agreement the commission struck last fall with Musk related to securities-fraud charges it had brought against Musk.
Colin Rusch, senior research analyst at Oppenheimer & Co. Inc, joins "Squawk Box" by phone to discuss the latest in the developing conflict between Tesla CEO Elon Musk and the S.E.C and how it might affect the company's stock.