TSLA - Tesla, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
224.74
-0.29 (-0.13%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close225.03
Open228.72
Bid0.00 x 800
Ask0.00 x 1000
Day's Range223.26 - 234.74
52 Week Range176.99 - 387.46
Volume12,715,788
Avg. Volume11,570,631
Market Cap40.046B
Beta (3Y Monthly)0.03
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Tesla is turning its showrooms into arcades
    TechCrunch12 hours ago

    Tesla is turning its showrooms into arcades

    Tesla might not engage in traditional advertising. Most of Tesla's methods have focused on leveraging its existing customer base to attract new buyers. Tesla sent out an email earlier Tuesday with the promotion that invites people "to experience the new Tesla Arcade." People who are interested are asked to RSVP to their local showrooms via this link.

  • TheStreet.com6 hours ago

    Nvidia and Intel's Mobileye Both Continue Racking Up Autonomous Driving Deals

    Volvo provided the latest evidence on Tuesday, when it announced that it plans to use Nvidia's Drive autonomous driving hardware/software platform within commercial vehicles such as trucks, buses and construction vehicles. The Swedish automaker says it will use Nvidia's powerful Drive AGX Pegasus computing board, declare to be capable of handling 320 trillion deep learning operations per second, as well as its Drive AV software stack and Drive Constellation driving simulation system.

  • Electric dreams in danger as funding dwindles for China's Tesla challengers
    Reuters8 hours ago

    Electric dreams in danger as funding dwindles for China's Tesla challengers

    HONG KONG/BEIJING (Reuters) - Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups. "There are too many uncertainties from when a company tells a story in the early stage, to when it produces a sample car and raises funds, to the eventual mass production," said Wei, managing director at Shanghai-based Sailing Capital. Wei, who declined to name the EV makers his team visited, said he thinks only a few of them will survive.

  • 5 Top Stock Trades for Wednesday: BA, AVGO, ETSY, NIO, AGN
    InvestorPlace12 hours ago

    5 Top Stock Trades for Wednesday: BA, AVGO, ETSY, NIO, AGN

    A positive trade-war tweet from President Donald Trump sent stocks soaring on Tuesday, although there is some hesitation now as investors turn to the Federal Reserve meeting on Wednesday. Will it end the rally or ignite it even higher? Let's look at some top stock trades. Top Stock Trades for Tomorrow No. 1: Boeing Click to Enlarge An improving trade situation is big for Boeing (NYSE:BA), but so is the Paris Air Show. The company landed a deal with Amazon (NASDAQ:AMZN), another with Korean Air, and can look to move forward on a massive deal with Chinese airlines should the trade war take a few positive steps forward.That's being reflected in the charts, with Boeing stock jumping more than 0.9% on Tuesday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's an important move, with BA stock over $360-range resistance for the first time in a month and over the 50-day moving average for the first time since March, when the 737 MAX incident occurred. It's also hurdling its 200-day in the process.$380 seems like a reasonable first target, with $400 as the next level beyond that. Back below $360, traders my want to stop out. Top Stock Trades for Tomorrow No. 2: Etsy Click to Enlarge Etsy (NASDAQ:ETSY) stock tried to push through $70 resistance and couldn't do it -- even on a day where tech stocks are up big.However, it's holding the 20-day and 50-day moving average confluence, which bodes well for short-term dip-buyers. Investors who take a shot here need to see uptrend support (purple line) hold if the 50-day fails as support.Others may wait for a breakout over $70, which could send Etsy stock to its March highs near $73.35, and higher should it rally above it. Is Etsy the next Amazon? Top Stock Trades for Tomorrow No. 3: Nio Click to Enlarge Nio (NYSE:NIO) stock is up big, following along with the rally in Tesla (NASDAQ:TSLA) and as Chinese stocks catch a bid. Once Nio lost $6, this thing was headed for the dumpster, but I didn't expect a fall this far.In any regard, shares are up more than 5% and were up as much as 10% on Tuesday. I want to see two things should NIO keep rallying. One, can it get back through prior downtrend support? Two, can it get through the 20-day moving average?Above these areas and Nio can get some upside traction. If they act as resistance, though, the $2.50 level is still on the table.Of all the stocks out there, Nio is not one I enjoy right now. It's in the dumpster when the market is near all-time highs. There are better picks out there than this speculative name, at least for my tastes. Top Stock Trades for Tomorrow No. 4: Broadcom Click to Enlarge Last week, Broadcom (NASDAQ:AVGO) took a beating after reporting earnings and going through the conference call. That call put a beating on the rest of the semiconductor space as well.But now? Now AVGO stock looks angry.Up 5% on Tuesday thanks to the improving trade war rhetoric -- just think what the chip space would do on news of a trade war agreement -- AVGO stock is back into $280 resistance.If $280 again acts as resistance, I want to see the 200-day again hold as support, along with uptrend support (purple line). Above $280 and I want to see AVGO run up to the 50-day. Over that mark and a move to $300 or more is possible. But remember, the company just disappointed on guidance, so there may be some hesitancy for the market to bid this one up too high.That said, it has a low valuation, plenty of free cash flow and a big dividend. If the trade war rhetoric continues to improve, AVGO likely moves higher. Top Stock Trades for Tomorrow No. 5: Allergan Click to Enlarge I do not like stocks that are locked in massive downtrends, like Allergan (NYSE:AGN). Plus, we highlighted a few healthcare charts that looked good yesterday, like Gilead Sciences (NASDAQ:GILD).Notice all of AGN's major moving averages heading lower, as well as its series of lower lows and lower highs. Downtrend resistance (blue line) is still going strong too.Should AGN hurdle downtrend resistance, look to see how it handles the 20-day. If it's not resistance, a move up to $130 is possible, although I expect it to draw in some sellers. Even if AGN can get there, the 50-day will likely be in play as potential resistance too, seeing as though it's currently at $135 and losing altitude.On the downside, watch the recent lows near $115. Below it and AGN can fall even further.I'm not saying this one is a total zombie or that it won't do well over the long term. Only that from a trading perspective, it's easier to sell stocks into resistance when they're in downtrends and buy stocks into support when they're in uptrends. Until AGN changes its tune, it's in a downtrend.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and AVGO. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post 5 Top Stock Trades for Wednesday: BA, AVGO, ETSY, NIO, AGN appeared first on InvestorPlace.

  • Tesla to Revamp Asia Business Structure to Focus on China
    Bloomberg13 hours ago

    Tesla to Revamp Asia Business Structure to Focus on China

    (Bloomberg) -- Tesla Inc. is revamping its organization in Asia to put more focus on China as the company prepares to start manufacturing in the world’s largest electric-car market, people familiar with the matter said.The company is dismantling its Asia Pacific business unit and forming a new division for Greater China that will cover the mainland as well as Hong Kong, Taiwan and Macau, the people said, asking not to be named as the plan hasn’t been announced publicly. Tom Zhu, who took over as vice president of APAC operations from Robin Ren in 2018, will head the division, they said.Chief Executive Officer Elon Musk is betting on China, Tesla’s biggest market after the U.S., to boost sales and restore investor confidence that has slumped along with the company’s stock this year. Tesla is building a factory in Shanghai that is slated to start operating later this year and bolster competitiveness in a country crowded with hundreds of electric-vehicle rivals.Zhu will continue to lead the Shanghai factory operation, which he took charge of last year after managing other aspects of Tesla’s China business, including the rollout of its supercharger stations. He will also head sales and training for the country and a number of other teams, the people said. The Asia-Pacific region’s other teams will report to Tesla’s head office in Palo Alto, California, they said.Tesla representatives in the U.S. didn’t respond to multiple requests for comment. Neither did Musk. A Tesla representative in China directed Bloomberg to the company’s U.S. headquarters. Zhu didn’t respond to several attempts to reach him by phone, and Ren didn’t respond to a text message.The need for Tesla to expand beyond the U.S. was highlighted by its latest quarterly results, which missed analysts’ projections. The halving of a federal tax incentive for Tesla purchases starting in January dragged on U.S. demand in the quarter, and Tesla struggled to offset that drop by starting deliveries of the Model 3 in Europe and China.Tesla shares climbed as much as 4.3% Tuesday and were up 0.6% to $226.39 as of 3:20 p.m. in New York. The stock is still down 32% this year.(Updates with Zhu’s background in fourth paragraph.)\--With assistance from Yan Zhang and Dana Hull.To contact Bloomberg News staff for this story: Haze Fan in Beijing at hfan40@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, ;Craig Trudell at ctrudell1@bloomberg.net, Ville Heiskanen, Emma O'BrienFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Nio Stock Is Basically a Lottery Ticket at This Point
    InvestorPlace13 hours ago

    Nio Stock Is Basically a Lottery Ticket at This Point

    Nio (NYSE:NIO), the electric automaker dubbed the "Tesla of China" slumped almost 4% on Friday, extending a dismal run, during which Nio stock price has plunged 39% this month and nearly 60% this year.Source: Shutterstock Following Friday's close of $2.42, one share of Nio stock barely costs more than a single Powerball ticket and there is plenty of debate regarding which might be the better investment. There could be more pain ahead for Nio stock because, although Nio stock price has been plummeting, sell-side analysts have been slow to trim their price targets on the stock. * 5 Stocks to Buy for $20 or Less The average analyst price target on Nio stock is $7.64, or about triple where the shares trade now. Last month, Bank of America Merrill Lynch analysts cut their price target on Nio stock to $3, which looked like a good idea at the time. One of the reasons for that reduction was increased competition in the China market from Tesla (NASDAQ:TSLA).InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ominous Signs for Nio StockTSLA is not "perfect." TSLA stock is down more than 32% this year and there is seemingly always plenty of controversy surrounding the company. That said, Tesla is far better-positioned in the global electric-vehicle market than Nio, and TSLA is probably in better shape even in China.It is not a good look for Nio stock price to be tumbling to levels that make cups of regular coffee at some establishments more expensive than Nio stock. Certainly not when the electric-vehicle market is growing."Battery-powered electric vehicles represent just 2.1 percent of global new auto sales, the equivalent of 2 million vehicles. Sales of EVs are forecast to jump to 2.7 million this year," according to Nasdaq.Nio stock serves as a reminder that when it comes to thematic investing, picking individual stocks is hard and potentially risky. Investors who have opted for broader approaches to electric-vehicle investments are being rewarded this year. For example, the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is up 10% year-to-date, making Nio stock look dreadful by comparison.The epic problem with NIO is that the company's sales are sliding while overall electric-automotive sales are expected to rise. Adding to that, NIO CEO William Li appears blase about the company's faltering sales."At NIO Inc., the Tesla Inc. wannabe from China, electric vehicle sales are plummeting, losses mounting and the stock price cratering," according to the Detroit News. "But founder and Chief Executive Officer William Li can't see what all the fuss is about."Li added that NIO will be profitable "in a few years." The Nio CEO is nothing if not ambitious; even though there are several thousand electric vehicle makers in China, Li is evaluating ways for his company to enter the U.S. market. Ambition is nice, but not at the expense of profitability and share price, two issues NIO is struggling with. The Bottom Line on Nio Stock: Not Now For NioIt is easy to be seduced by stocks with low price tags, but a name that appears to have value because of a cheap price can often be a value trap. There are quality stocks out there with single-digit prices. Nio stock is not yet a member of that group.Remember, stocks have low prices for different reasons, but few, if any of those reasons are positive, as Nio stock highlights. Just because something is cheap does not mean it is a good deal.As was noted earlier, analysts have been slow to downgrade Nio stock and lower their price targets on Nio, partly because some have been busy denigrating TSLA. They are likely to get around to slamming Nio stock, too. The stock appears to be bereft of catalysts and will likely head lower until it can deliver positive sales and profitability surprisesTodd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Nio Stock Is Basically a Lottery Ticket at This Point appeared first on InvestorPlace.

  • Tesla: Car Stock or Tech Stock?
    InvestorPlace14 hours ago

    Tesla: Car Stock or Tech Stock?

    Since Tesla (NASDAQ:TSLA) stock started scaling production, the question for potential investors has become whether this is a car stock or a tech stock.Source: Shutterstock If it's a tech stock, it's dirt cheap. Sales roughly doubled from 2017 to 2018, and after the first quarter they were on pace to double again. Tesla is doing this at scale, with revenue for the first quarter alone at over $4.5 billion.If it's an auto stock, it's frightfully expensive. Tesla opened for trade June 17 with a market cap of $38.2 billion on trailing-year sales of $21 billion. Auto stocks like General Motors (NYSE:GM) have traded this whole decade at roughly one-third sales, even with big earnings and dividends that yield 4.56% if you buy today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo far in 2019, investors are calling Tesla a car stock. The shares are down 38% and skepticism about the company's future is growing. But is that fall a buying opportunity? Change Over?Tesla was launched in 2003 in an impossible dream, to produce a luxury electric car (at scale) and the battery that went into it. Later it added a second goal, to make that car capable of driving itself.Tesla has done all that. Tesla has succeeded so well that its goals are now shared by the entire industry, and now impact all price levels. Volkswagen (OTCMKTS:VLKAY), whose diesel engines were the dirtiest in the industry, is now fully committed to Tesla-izing itself, with Chinese help. So is the rest of the auto pack.In its first-quarter report, released in April, about 20% of Tesla's revenue came from things other than cars. Tesla services, Tesla solar panels and (especially) Tesla batteries all contributes. The battery operations are even profitable. But their contribution hasn't changed -- Tesla remains a car company, and the solar panels are a sore point. The design keeps changing and the price keeps rising.Tesla's hope for continued growth is its Model 3 sedan, designed to cost $35,000. This may be the source of the bearishness. Questions have emerged about Tesla production levels, quality and demand. CEO Elon Musk insisted at this month's shareholder meeting that demand is not a problem. Tesla Stock and the China CardThere is another card in the Tesla deck: the China card.Tesla owners in China are volunteering to help speed up deliveries, since the company is closing its dealer network. And its Chinese-owned Shanghai factory is already having production equipment installed. Hopes are it will produce 3,000 cars per week by the end of the year. The U.S. factory seems to have hit its production limit at 7,000 cars per week. The Bottom LineTesla shares bottomed in May at levels last seen in 2016.The company has never made money. Capital gains have been the only reason to buy the shares. Traders have done much better with Tesla than any other auto stock, as it has been highly volatile.But I'm an investor. I like to buy good stocks, put them away for five years, and see a profit at the end of that time. In June of 2014 Tesla was selling at about $230 per share, $15 more than its current price.For speculators, then, the party's over. Investors need to ask themselves if Tesla can scale, if Tesla can find a profit, if the battery and solar panel operations will ever contribute, and if China can be a significant boost.All that may happen, but I'm not putting any money on it. That GM dividend should have paid back one-fourth of my investment by that time.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Tesla: Car Stock or Tech Stock? appeared first on InvestorPlace.

  • Benzinga16 hours ago

    Today's Pickup: Banks Are Forcing Container Lines To Reduce Their Carbon Emissions

    The banks will reportedly set their standards based on the International Maritime Organization's 2018 climate commitment that envisions a 50 percent reduction from the CO2 emission levels seen in 2008 by 2050, and a 40 percent cut in individual ship emissions from 2008 levels by 2030. This move is likely to create a sizable impact in the industry, as the 11 banks collectively represent roughly 20 percent of the financing that flows into the global shipping market. "We're making banks alert to the consequences of climate change in their portfolios," said Michael Parker, global industry head for shipping with Citigroup.

  • Is Elon Musk’s Tweet the Reason Behind Tesla Stock’s Latest Jump?
    InvestorPlace17 hours ago

    Is Elon Musk’s Tweet the Reason Behind Tesla Stock’s Latest Jump?

    Tesla (NASDAQ:TSLA) stock continued its June rally on Monday, notching an impressive 4.7% gain. And the good news for investors continues with TSLA stock up again in pre-market training. So why the big pop yesterday for TSLA?One of the reasons is CEO Elon Musk's claim on Sunday that he deleted his Twitter account. The other? A report issued by an analyst with Baird suggesting that with positive TSLA news arriving last week, Tesla stock may be headed for a short squeeze.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Recent Good News for TSLA Sets Up the Possibility of a Short SqueezeTesla stock closed at $225.03 on Monday after hitting as high as $226.86, for a 4.7% gain on the day. One of the big factors in the TSLA pop is a report from Baird analyst Ben Kallo (via Teslarati) suggesting that a short squeeze may be in the cards, pushing TSLA stock even higher. He notes that with 40 million TSLA shares currently sold short and a series of positive headlines over the past week -- including a leaked e-mail from Elon Musk stating the company is on track to deliver a record number of cars this quarter -- those traders holding short positions on the company's stock are going to be scrambling to buy shares.Musk and his communications are at the center of the other factor that appears to have played a big part in Monday's jump. Elon Musk Says He Deleted His Twitter Account Tesla's CEO has a long and very complicated relationship with Twitter (NYSE:TWTR). Elon Musk is very active on the social media platform and the results have typically been bad news for TSLA investors. * 7 Top-Rated Biotech Stocks to Invest In Today There are times when Musk uses Twitter to good effect, effectively promoting Tesla and its products, and building up excitement among his 27 million followers … and the analysts who look to his Twitter account for clues that could impact Tesla stock. For example, in March, Musk used Twitter to announce the Tesla Model Y reveal event. But more often than not, Musk seems to run into controversy with his tweets, and that never goes well for TSLA stock. The list of missteps is long. Calling a diver who helped rescue a kids soccer team trapped in an underwater Thailand cave a pedophile. Posting an April Fool's joke on Twitter that the company was going bankrupt, resulting in Tesla stock taking a 5% hit. Then there was his tweet last August where he claimed he had funding secured to take Tesla private at $420 per share. That one cost Musk personally a $20 million U.S. Securities and Exchange Commission fine, Tesla had to pay $20 million, Musk was forced to step down as company Chairman, and TSLA stock went into a 30% downward spiral as the episode played out.Last weekend, it looked as though Musk was stepping in it again, posting images without giving credit to their creator, and then getting into a fight with other Twitter users over the move. That escalated when someone brought Tesla co-founder Martin Eberhard into the argument about giving credit, at which point Musk made some unflattering comments about Eberhard -- potentially violating an agreement he signed after the fired TSLA co-founder sued him for slander -- then deleted the tweets. Shortly after all that played out, Musk tweeted "Just deleted my Twitter account." That tweet made headlines and the possibility that the Tesla CEO might actually walk away from the social media platform that has caused so much drama was enough to help boost Tesla stock on Monday.Of course, it turns out that Musk wasn't serious. He did change his Twitter handle to "Daddy DotCom" for a day. But early this morning, he switched back to "Elon Musk" and deleted the tweet that he was deleting his Twitter account. Despite the likely disappointment of investors, TSLA is still up in early morning trading.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Is Elon Muska€™s Tweet the Reason Behind Tesla Stock's Latest Jump? appeared first on InvestorPlace.

  • Nvidia inks autonomous trucking deal with Volvo
    American City Business Journals18 hours ago

    Nvidia inks autonomous trucking deal with Volvo

    Nvidia is teaming up with Volvo, the world’s second-largest commercial truck manufacturer, to develop self-driving capabilities for a range of commercial vehicles.

  • Tuesday’s Vital Data: Facebook, Tesla and Micron Technology
    InvestorPlace19 hours ago

    Tuesday’s Vital Data: Facebook, Tesla and Micron Technology

    U.S. stock futures are trading higher this morning, ending the standoff that has kept most broad market indexes locked in a narrow range for the past week. The gains come amid optimism that the Fed's two-day meeting kicking off today will end with action supporting higher equity prices.Against this backdrop, futures on the Dow Jones Industrial Average are up 0.53% and S&P 500 futures are higher by 0.59%. Nasdaq-100 futures have added 1.03%.In the options pits, the summer doldrums took their toll yesterday with overall volume falling well below average levels. Specifically, only 14.3 million calls and 12.5 million puts changed hands on the session. The distance between put and call volume narrowed, however, when looking at the action at the CBOE. By day's end, the single-session equity put/call volume ratio climbed to 0.72. Meanwhile, the 10-day moving average inched higher to 0.65.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOptions traders swarmed in Facebook (NASDAQ:FB), Tesla (NASDAQ:TSLA) and Micron Technology (NASDAQ:MU).Let's take a closer look: Facebook (FB)Facebook shares were flying off the shelf yesterday after the social media king unveiled plans to launch a new cryptocurrency called Libra. FB stock ended the day up 4.24% and is set to open another 1.7% higher this morning.With more than 2.4 billion active users, Facebook is in a unique position to bring the cryptic world of crypto to the mainstream. And the company isn't venturing into the digital currency waters alone. They just announced a slew of large partners including Mastercard (NYSE:MA), Paypal (NASDAQ:PYPL) and Uber Technologies (NYSE:UBER) backing their efforts. * 10 Tech Stocks to Buy Now for 2025 With the day's gains, FB has returned to the north side of its 50-day and 20-day moving averages, officially recouping all of last month's losses. It now sits within striking distance of its April high near $200.On the options trading front, traders chased calls throughout the session. Total activity ramped to 259% of the average daily volume, with 649,521 contracts traded; 78% of the trading came from call options alone.The increased demand drove implied volatility higher on the day to 32%, placing it at the 35th percentile of its one-year range. Premiums are now baking in daily moves of $3.82 or 2%. Tesla (TSLA)Tesla shares gained 4.7% on Monday to notch a new one-month high. And the rally is continuing this morning with TSLA stock up another 2.5% premarket. One notable development could be fueling the bulls' fire.Tesla's CEO, Elon Musk, tweeted over the weekend, "Just deleted my Twitter account." Shareholders the world over likely cheered the move given the trouble Musk's aggressive tweets have caused in the past.Although Tesla shares have rallied well off their 52-week lows, many resistance levels sit overhead, including the 50-day moving average. This has been the spot where previous rallies have failed, so it will be telling if TSLA can finally close and stay above it.On the options trading front, puts outpaced calls despite the stock rally. Total activity climbed slightly higher to 109% of the average daily volume, with 427,700 contracts traded. Puts claimed 52% of the day's take.Implied volatility rose to 65%, which places it at the 29th percentile of its one-year range. Premiums are pricing in daily moves of $9.24 or 4.1%. Micron (MU)Micron shares have now come full circle this year. The four-month uptrend that carried the chip stock 41% higher from January through April has now completely unraveled. Its descending 20-day, 50-day and 200-day moving averages loom ominously overhead and reveal how bears dominate across all time frames. * 7 Top-Rated Biotech Stocks to Invest In Today With Monday's drop, MU stock now sits at a critical short-term support level of $32. Speculators are likely teeing up breakdown trades in anticipation of the floor's failure.The company's next earnings release is scheduled for June 25, so look for that to provide the next catalyst for Micron's trend.On the options trading front, calls were favored over two-to-one versus puts. Total activity finished just a hair above usual at 101% of the average daily volume, with 123,780 contracts traded. Calls accounted for 72% of the session's sum.Option premiums are pumped up ahead of next week's earnings report. Implied volatility sits at 55% or the 56th percentile of its one-year range. Traders now expect daily moves of $1.11 or 3.4%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Tuesday's Vital Data: Facebook, Tesla and Micron Technology appeared first on InvestorPlace.

  • Post-Annual Meeting and Pre-Q2 Results, Is Tesla Stock Worth Consideration?
    InvestorPlace20 hours ago

    Post-Annual Meeting and Pre-Q2 Results, Is Tesla Stock Worth Consideration?

    The bulls and bears of Tesla (NASDAQ:TSLA) were listening carefully on June 11 as co-founder and CEO Elon Musk took center stage at the electric vehicle maker's annual shareholder meeting. By the end of the day, few minds from either camp were changed, as investors held to their beliefs on what might be next for TSLA stock.Source: Shutterstock With Tesla expected to report second-quarter 2019 earnings in late July, now seems like an opportune moment to discuss what to expect in TSLA stock over the next few weeks, leading up to the earnings report. Tesla Needs to Sell More CarsAt this point, Tesla has had several months of poor performance, both in its key financial metrics and the TSLA stock price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMaybe the most important drivers of the poor Tesla stock performance right now is the decline in the number of vehicles being sold.The past year has seen U.S. demand for EVs fall and TSLA's Model 3 sales have not been at the levels expected, fueled in part when the EV credit was halved.In his Q1 2019 update for shareholders, Musk said that Tesla's production outpaced deliveries and this fact was set to continue in the near future. In other words, TSLA stock has a demand problem in the U.S.As we discuss Tesla's problems, we have to mention that the auto sector is susceptible to the trade-war risk. As U.S. demand declines, Tesla needs to make up for it with increased sales numbers overseas, namely China, the largest EV market in the world.Yet, as weeks go by, not many analysts believe that the U.S. and China are likely to conclude a comprehensive trade agreement anytime soon. The negotiations may well drag out right up to the U.S. presidential elections in November 2020. * 7 High-Quality Cheap Stocks to Buy With $10 Therefore, it would be premature to expect that Tesla sales numbers in China will be able to make up for the decline in the U.S. in the coming months.All these sales issues are now contributing to the constant talk of Tesla's liquidity problem.The shareholder meeting clearly tried to put a positive spin and an end to the otherwise never-ending demand questions the company faces. Yet, the jury is still out.Given TSLA's falling margins, could 2019 be the beginning of an unknown period for TSLA stock? Where is TSLA Stock Now?As of this writing, Tesla stock is hovering around $225 and year-to-date, the stock is down over 30%.If you had not looked at TSLA stock price over the past few weeks at all, you would not necessarily have known what a roller coaster ride it had been for Tesla shareholders.To recap, on April 3, Tesla stock saw an intraday high of $296.17.On May 1, TSLA shares closed at $234.01.Then, TSLA stock then gained more than 10% on May 2 and 3 as new regulatory filings showed that the company would be raising more cash in U.S. markets through a combination of new shares and convertible debt.But between May 6 and June 3, TSLA shares went into a free fall as many analysts issued negative research notes and rather alarming price target updates on Tesla stock.On Thursday, May 16, TSLA stock closed at $228.33. The next day, the stock gapped down to open at $221.96 and closed the week at $211.03.Finally, on June 3, the share price hit a 52-week low of $176.99.As of date, following the broad market rally over the past two weeks, Tesla shares are back over $220. Now investors are wondering whether TSLA stock can stay above this psychologically important level. So Should You Buy Tesla Stock Now?I am of the camp that TSLA stock price is likely to fall below $200 again in the near future.Depending on news headlines, Tesla stock may trade sideways for several days, only to continue to pull back to make a lower low and extend the bearish trend. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 At this point, I find the risk/reward ratio on the long side inadequate.Therefore, before committing any capital into the shares, I'd like to see Tesla's next earnings statement, expected in late July. By then, we might even have an earnings warning from TSLA, which would send the stock even further south.If Tesla's business model is indeed in trouble, a successful turnaround would possibly require a focus on cash and cash returns. Not focusing clearly on cash may send a company into a spiral that may become rather difficult to recover from.Many investors would be hoping that the senior team at Tesla is currently asking the right questions and having honest discussions about the potential severity of issues.When senior management at Tesla offers employees, investors, and Wall Street a concise and compelling change story, without too many fancy metrics and big words, the decline in TSLA stock price will likely come to a halt.However, at this point, Tesla bears have the upper hand and I'd consider investing in TSLA stock a speculative bet.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Post-Annual Meeting and Pre-Q2 Results, Is Tesla Stock Worth Consideration? appeared first on InvestorPlace.

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