TSLA Jan 2020 550.000 call

OPR - OPR Delayed Price. Currency in USD
0.0600
0.0000 (0.00%)
As of 9:36AM EDT. Market open.
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Previous Close0.0600
Open0.0600
Bid0.0000
Ask0.0000
Strike550.00
Expire Date2020-01-17
Day's Range0.0600 - 0.0600
Contract RangeN/A
Volume1
Open InterestN/A
  • Rio to Produce Lithium in California, Joining Electric Car Battery Race
    Bloomberg

    Rio to Produce Lithium in California, Joining Electric Car Battery Race

    (Bloomberg) -- Rio Tinto Group is starting pilot production of lithium in California and will consider an expansion to become the top domestic supplier in the U.S. as the world’s biggest miners look to boost their exposure to the electric car battery revolution.Work to reprocess waste piles from a 90-year-old mining site in Boron has successfully produced lithium carbonate -- needed in rechargeable batteries for electric vehicles and consumer technology -- and efforts are now focused on improving quality and lifting volumes, Rio said Tuesday in an emailed statement.Rio is the first top diversified miner to add lithium output to its portfolio and comes ahead of a looming decision on development of its mine project in Serbia that analysts estimate could account for about 5% of world demand. Demand for lithium will advance about eight-fold to 2030 as EV adoption increases and the battery sector expands, BloombergNEF said in a July report.“If the trials continue to prove successful, this has the potential to become America’s largest domestic producer of battery-grade lithium -- all without the need for further mining,” Bold Baatar, chief executive officer of Rio’s energy and minerals division, said in the statement. Currently the only supplier in the U.S. is Albemarle Corp.’s Silver Peak operation in Nevada, according to the U.S. Geological Survey.Rio, the world’s No. 2 miner, has held discussions on the EV sector with key companies in the supply chain and executives have visited China’s battery producer Contemporary Amperex Technology Co. Ltd. and electric automaker Tesla Inc., according to people familiar with the producer’s plans, who spoke on condition of anonymity as details of the talks are private. CATL declined to comment. Tesla didn’t immediately respond to a request for comment.A pilot plant being assembled at Boron -- about 100 miles northeast of Los Angeles -- under a $10 million first phase will produce about 10 metric tons a year of lithium carbonate equivalent by chemically processing material from the pile of decades-old mining waste.Boron is part of a unit in California’s Death Valley that’s produced borates, materials used in laundry soap to components for nuclear reactors, since 1872. There’s at least 80 minerals to be found in material from the site, and staff had initially been combing the waste for gold and other elements when they discovered lithium, according to Rio.Rio will next consider a $50 million investment to build an industrial-scale lithium plant with capacity for 5,000 tons a year that could begin making sales into the battery market. That volume would be sufficient for batteries needed in about 15,000 Tesla Model S cars, the company said.While Rio’s competitors are also gearing up for forecast rising battery demand, their focus is on other commodities. Glencore Plc is aiming to add copper, nickel and cobalt output, while BHP Group is developing specialist nickel and battery cathode products and sees lithium as a less attractive option, Chief Financial Officer Peter Beaven said in May.Lithium prices have sunk since mid-2018, ending a three-year surge, as new operations have added supply and amid some signs of demand weakness. There’s probably currently enough capacity to supply the global market until the mid-2020s, according to BNEF.Rio previously weighed an offer for a stake in Soc. Quimica & Minera de Chile SA, one of the world’s top lithium producers, before deciding last year not to proceed.Separately, Rio has signed an agreement to enter the rare earths supply chain with the sale of monazite, a raw material that contains the critical elements, the company said. The material is part of the waste stream at Rio’s mineral sands operation in Madagascar.President Donald Trump has flagged concerns over the global supply of rare earths and a suite of other so-called critical minerals amid worries China, the dominant supplier of many of the materials, could restrict exports.Rio is also using a $3 million Defense Logistics Agency grant to boost recovery of rhenium, needed for jet-fighter engines, at a copper operation in Utah. It’s also working on a project to boost U.S. supply of indium, used in touch screens and solar panels.(Updates to add company comment in 5th paragraph)To contact the reporter on this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editors responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, ;Edward Johnson at ejohnson28@bloomberg.net, Keith GosmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Will Tesla's (TSLA) Model 3 Bolster Q3 Earnings?
    Zacks

    Will Tesla's (TSLA) Model 3 Bolster Q3 Earnings?

    Tesla (TSLA) is set to report its third quarter results after the closing bell Wednesday, October 23.

  • Ford Stock: ValuEngine Downgrades to ‘Strong Sell’
    Market Realist

    Ford Stock: ValuEngine Downgrades to ‘Strong Sell’

    ValuEngine has downgraded Ford Motor Company (F) stock from “sell” to “strong sell,” according to a Covington Journal report.

  • GuruFocus.com

    Seth Klarman on 'Born Bulls'

    As with bull markets of yore, valuations of favored stocks eventually become untethered to reality Continue reading...

  • GM Ramping Up EV Competition with Trucks and SUVs?
    Market Realist

    GM Ramping Up EV Competition with Trucks and SUVs?

    On October 18, Reuters reported that General Motors (GM) was planning to build premium electric pickup trucks and SUVs starting in late 2021.

  • Tesla Earnings Week: Can It Repeat Last Year’s Magic?
    Market Realist

    Tesla Earnings Week: Can It Repeat Last Year’s Magic?

    Tesla (TSLA) is scheduled to release its third-quarter earnings on Wednesday. The company posted better-than-expected earnings in the third quarter of 2018.

  • Benzinga

    Earnings Season Kicks Into Full Gear In Round 3 Of The WeTrader Competition

    Today marks the start of the third round of the WeTrader Competition , hosted by the zero-commission online trading platform Webull. The competition tasks traders to formulate their best paper trading ...

  • Owens & Minor, Acuity Brands, Tesla, Ford and General Motors highlighted as Zacks Bull and Bear of the Day
    Zacks

    Owens & Minor, Acuity Brands, Tesla, Ford and General Motors highlighted as Zacks Bull and Bear of the Day

    Owens & Minor, Acuity Brands, Tesla, Ford and General Motors highlighted as Zacks Bull and Bear of the Day

  • Tesla Might Hit Two Milestones: Are the Bears Watching?
    Market Realist

    Tesla Might Hit Two Milestones: Are the Bears Watching?

    Tesla (TSLA) has delivered a record number of cars for two consecutive quarters and seems to be on track for another record in the fourth quarter.

  • Tesla Earnings: What to Look for From TSLA
    Investopedia

    Tesla Earnings: What to Look for From TSLA

    Tesla reports 3Q 2019 earnings after the market closes on Oct. 23. Can they ramp up their vehicles delivered?

  • What to Expect for the Markets This Week
    Investopedia

    What to Expect for the Markets This Week

    Earnings season, which could push U.S. stocks to record levels, and Brexit battles are just some of the events that will impact markets this week.

  • Tesla speeds toward unpleasant earnings turn, Boeing faces tough questions
    MarketWatch

    Tesla speeds toward unpleasant earnings turn, Boeing faces tough questions

    Prepare for an earnings onslaught in the week ahead, headlined by Tesla Inc., Boeing Co. and a flurry of big tech names.

  • Tesla is about to show investors if it’s back on the road to profitability
    MarketWatch

    Tesla is about to show investors if it’s back on the road to profitability

    Tesla Inc.’s third-quarter results are a ‘fork-in-the-road moment’ for the company, which still promises profits and sales of nearly half a million vehicles by year-end.

  • PACCAR (PCAR) to Report Q3 Earnings: What's in the Cards?
    Zacks

    PACCAR (PCAR) to Report Q3 Earnings: What's in the Cards?

    While PACCAR's (PCAR) Q3 performance is expected to reflect benefits from its record truck delivery and retail sales, rising commodity prices, along with material and labor costs, remain concerns.

  • Barrons.com

    5 Earnings Announcements to Watch This Week

    Earnings season is trundling on, and even though we got numbers from companies like JPMorgan Chase, Netflix and UnitedHealth Group last week, this week looks set to be even more exciting.

  • Saudi Aramco Needs to Get Realistic About Its IPO
    Bloomberg

    Saudi Aramco Needs to Get Realistic About Its IPO

    (Bloomberg Opinion) -- On paper, you could scarcely imagine two more different companies than WeWork and Saudi Aramco. The serviced-office startup is a notorious cash sink, while Saudi Arabian Oil Co. is a gusher of dollars. In retrospect, the canceled initial public offering by WeWork’s parent We Co. seems inevitable, given its $17.32 billion in net debt and negative free cash flow of $2.94 billion in the year through June. By contrast, Aramco’s $88.49 billion of free cash flow and $5.55 billion in cash net of debt suggest there’s still plenty to tempt investors.Yet the two abortive share sales have a core attribute in common. In both cases, powerful insider interest groups came to the process with an elevated idea of the valuation they could achieve, and backed away when reality refused to conform to their expectations. Bankers put the Aramco sale on hold last week after it became clear that international investors wouldn’t swallow the $2 trillion market capitalization Saudi Arabia’s Crown Prince Mohammed bin Salman first laid out almost three-and-a-half years ago, Bloomberg News reported Friday, citing people familiar with the matter. A number closer to $1.5 trillion looked more viable, one of the people said, and even that reduced number was some way above the more realistic figures in the $1 trillion range calculated by my colleague Liam Denning.If writing off the equivalent value of Tesla Inc. was disappointing for WeWork and its key investor SoftBank Group Corp., it’s no surprise that Prince Mohammed is balking at seeing an Amazon.com Inc.-worth of value disappear at the click of a banker’s spreadsheet. Still, letting markets pass the verdict on valuation is what IPOs are meant to be about. If Prince Mohammed ever wants to get this share sale away, he should take their skepticism as a cue for reflection, not rejection.For one thing, valuations just aren’t what they were when the idea of an Aramco IPO was first mooted back in early 2016. On an enterprise-value-to-Ebitda multiple, major listed independent and state-controlled oil companies are running at about a 29% discount to the valuations they were enjoying in April that year, when Prince Mohammed first put a number on Aramco’s market cap. Aramco’s cash and debt holdings are nugatory next to its vast cash flows, so you can translate that into a roughly $600 billion discount off the equity value it might have got at the time. Value Aramco’s $216.6 billion in Ebitda on the median multiple of the major listed national oil companies and you’re looking at a number just shy of $900 billion.The problems are compounded by the way the IPO has been handled. One reason the state oil companies mostly trade at a discount to independent producers is the perception that their corporate governance is caught up in politics. Aramco is hardly immune: Just last month, Khalid Al-Falih was removed from the roles of Aramco chairman and Saudi Arabia’s energy minister in the space of a week. In the first role, he was replaced by Yasir Al-Rumayyan, a SoftBank director and the head of the country’s sovereign wealth fund, which will become Aramco’s largest shareholder once the IPO is completed. In the latter, his place was taken by one of Prince Mohammed’s half-brothers.Neither move suggests the sort of insulation from insider considerations that would convince shareholders to give a generous multiple to Aramco — and in terms of political risk, there’s the whole matter of a cold war with Iran,  drone strikes on oil facilities, and Saudi Arabia’s position as the swing producer for the entire oil market to consider, too.Aramco has one giant advantage over WeWork. Thanks to those enormous cash flows, there’s really no reason that it needs an IPO. Without an infusion of investor cash, WeWork may struggle to make it through the next quarter. Aramco could, in theory, keep going in its current fashion for decades.The same can’t be said of the state with which it’s intertwined. The Saudi government needs an oil price of $78 a barrel to balance its budget, according to the International Monetary Fund, a level last seen in 2014. Running a fiscal deficit won’t be the end of the world, but in the long run the country still has a wicked problem. It must find a path to a sustainable economy in a world where its population is rising even as demand for oil must start to fall if the the worst effects of climate change are to be avoided.Aramco, which gives about half of its revenue back to the government in the form of taxes and royalties, is going to find itself on the front line of those challenges over the coming years. No wonder outside investors aren’t rushing to join the party.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Earnings extravaganza — What to know in the week ahead
    Yahoo Finance

    Earnings extravaganza — What to know in the week ahead

    Earnings will be the focal point for investors this week, as about a quarter of the S&P 500 companies gear up to report results.

  • The U.S. Doubles Down On Domestic Lithium Production
    Oilprice.com

    The U.S. Doubles Down On Domestic Lithium Production

    Battery metals are quickly becoming a key priority for the United States as it moves to reduce its dependence on foreign mineral imports

  • If the Democrats keep saying crazy things about the economy, Trump will win again
    MarketWatch

    If the Democrats keep saying crazy things about the economy, Trump will win again

    Because Andrew Yang, Bernie Sanders and (sometimes) Elizabeth Warren are radically misdiagnosing problems in the U.S. economy, they are off — often miles off — in prescriptions for reform. The sheer amount of loose talk about how capitalism is failing is stunning. Begin with the worst: The notion that automation is robbing the economy of millions of jobs.

  • Could the Model Y Change Tesla’s Profit Game?
    Market Realist

    Could the Model Y Change Tesla’s Profit Game?

    This year, Tesla (TSLA) stock has fallen 21.3%, underperforming broader markets. Let's look at how Tesla's Model Y could turn things around.

  • Can Tesla Stock Keep Its Momentum With Quarterly Earnings Coming Up?
    Investor's Business Daily

    Can Tesla Stock Keep Its Momentum With Quarterly Earnings Coming Up?

    Tesla stock has been climbing ahead of its third-quarter report due Wednesday. Tesla is expected to show its first decline in quarterly revenue in seven years and also post another loss.

  • Can Ford Challenge Tesla with Its EV Charging Network?
    Market Realist

    Can Ford Challenge Tesla with Its EV Charging Network?

    Ford announced that it would offer North America’s largest electric vehicle public charging network, the FordPass Charging Network, to its EV customers.

  • Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources
    Reuters

    Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources

    WASHINGTON/DETROIT (Reuters) - General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said. The so-called BT1 electric truck/SUV program is the centerpiece of a planned $3 billion (2.3 billion pounds) investment in the Detroit-Hamtramck plant to make electric trucks and vans, and part of a broader $7.7 billion investment in GM's U.S. plants over the next four years, according to a proposed labor deal between the automaker and the United Auto Workers union. The investment would move the automaker into a part of the EV market that is largely untested and where GM has a higher likelihood of turning a profit, analysts said.

  • Barrons.com

    Tesla’s Model Y Is Coming. Elon Musk May Have Hyped It Too Much.

    RBC analyst Joseph Spak has been speaking with clients and noted an uptick in Model Y discussions recently. “According to the Tesla [ticker: TSLA] website, the vehicle is expected to begin production in late 2020,” wrote Spak in a Friday research report. The Y is a smaller sport-utility vehicle, or so-called crossover, smaller than Tesla’s Model X and comparable to (BMW)’s (BMW.Germany) X3.