TSLA Jan 2020 315.000 put

OPR - OPR Delayed Price. Currency in USD
74.30
0.00 (0.00%)
As of 11:16AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close74.30
Open74.30
Bid77.55
Ask78.10
Strike315.00
Expire Date2020-01-17
Day's Range74.30 - 74.30
Contract RangeN/A
Volume1
Open Interest743
  • Investors staying ‘cautious’ with Fed set to decide interest rate path
    Yahoo Finance Video

    Investors staying ‘cautious’ with Fed set to decide interest rate path

    The Federal Reserve’s Open Market Committee aren’t the only ones closely watching the risks facing the global economy. Noah Hamman, CEO of AdvisorShares, says investors are staying cautious, too. He spoke with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Aaron Anderson, Fisher Investments senior vice president of research.

  • Tesla (TSLA) Reveals: China and Model Y Are Keys to the Future
    TipRanks

    Tesla (TSLA) Reveals: China and Model Y Are Keys to the Future

    Tesla (TSLA) stock has been up and down over the past year -- mostly down (about 17%) for the year, but largely up (about 36%) over the last three months, since the depths plumbed back in early June.The June nadir, by the way, came after a big Q1 loss and fears of waning Model 3 demand sparked a call from CEO Elon Musk to "examine every expenditure at Tesla no matter how small" in an effort to cut costs. But since then, Tesla has had mostly positive news to report, including last quarter's earnings report featuring a near-60% spike in sales.And wouldn't you know it? Tesla thinks the good times are going to keep on rolling.We know this because, in a just-released write-up yesterday detailing the "takeaways" from his meeting with Tesla investor relations head Martin Viecha, Deutsche Bank analyst Emmanuel Rosner reported that Tesla is predicting a "critical turning point" for the company within the next 12 months. As Rosner explains, Tesla's Model 3 business seems to be stabilizing, and its upcoming Model Y crossover vehicle will soon boost profit margins. Meanwhile, the advent of a new production line in China offers Tesla direct access to the world's largest consumer market for electric cars.Here's a quick rundown of what Rosner uncovered:Model 3When first launched in mid-2017, Tesla's Model 3 -- advertised as the $35,000-a-car mass market Tesla -- actually retailed for closer to $55,000 to $60,000 per unit because of all the upgrades customers were ordering (and the fact that Tesla was only selling cars ordered with those pricey upgrades). Now that that initial wave of enthusiasm has passed, though, Tesla average selling prices are drifting lower, to about $50,000 or so as of Q2 2019, on par with the cost of luxury gas-powered small automobiles from Mercedes, Audi, and BMW.Going forward, Tesla anticipates it will be able to hold the line at or about $50,000 for the Model 3, inasmuch as the car offers "fuel savings and superior experience" when compared to competing gas-powered luxury cars. And seeing as Tesla has managed to improve the gross profitability of the car by about 200 basis points year over year already, this promises to prop up Tesla's profits going forward -- especially because the company expects to reap further cost savings from increased production volumes, improved efficiencies of scale, and mass purchases of parts that will be common to both the Model 3 and the upcoming Model Y.Model YSpeaking of which, Tesla is planning to unleash the Model Y on the market in the fall of 2020. In addition to sharing parts with the Model 3, Tesla expects the new electro-buggy to command higher prices because customers generally are willing to pay $4,000 to $5,000 more for an SUV than for a sedan of comparable characteristics -- even though the Model Y's "cost to manufacture will be similar to" that of the Model 3.In other words, the extra $4,000 to $5,000 will be pure profit, falling straight to Tesla's bottom line.ChinaIn Rosner's opinion, the speed at which Tesla is able to start production of the Model Y will be one key to determining "Tesla's 2020 profits and free cash flow." The other key factor in this equation "will depend on how successful the company is in ramping up output at its new Shanghai facility."In that regard, Rosner notes that the new production line in Shanghai has already been cheaper to build and should be cheaper operate than the company's original production line in Fremont "because [Tesla is taking] a simpler approach" in Shanghai. For example, it's using more robots and fewer humans, building on a single floor -- and with 75% fewer assembly steps than Fremont must deal with.Exterior construction on the Shanghai factory was completed last week, and production lines should begin humming before 2019 is out. By mid-next year, the analyst expects Shanghai to be churning out as many as 150,000 Teslas per year, selling them at prices competitive with gas-powered cars, and earning profit margins superior to what Tesla gets in the U.S.Bottom LineGood as all this sounds, however, for the time being, Deutsche Bank believes this good news is priced into Tesla's $243 stock price, and is sticking with its "hold" rating on the stock. (To watch Rosner's track record, click here)The majority of the Street sides with the Deutsche Bank analyst's cautious take on the electric car maker, as TipRanks analytics demonstrate TSLA as a Hold. Out of 28 analysts polled in the last 3 months, 8 are bullish on Tesla stock, 6 remain sidelined, while 14 are bearish on the stock. The average price target among these analysts stands at $241.77, suggesting the stock is fairly valued. (See TSLA's price targets and analyst ratings on TipRanks)Visit TipRanks’ Trending Stocks page, and find out what companies Wall Street’s top analysts are looking at now.

  • Toyota-Panasonic JV Receives European Commission's Approval
    Zacks

    Toyota-Panasonic JV Receives European Commission's Approval

    Toyota (TM) to use the same cylinder type batteries as used by Tesla.

  • How Musk is Trying to Address Tesla’s Service Issues
    Market Realist

    How Musk is Trying to Address Tesla’s Service Issues

    Tesla (TSLA) seems to have realized how important service centers and customer experience are to its sales, especially in the wake of service issues.

  • Millennials Are Losing Tons Of Money On Stocks Like Tesla
    Investor's Business Daily

    Millennials Are Losing Tons Of Money On Stocks Like Tesla

    Millennials love their Tesla stock almost as much as their avocado toast. But some of their stock picks — including Tesla — are costing them major money.

  • Ex-Tesla Executive Decamps to Brazil and Bets Big on Batteries
    Bloomberg

    Ex-Tesla Executive Decamps to Brazil and Bets Big on Batteries

    (Bloomberg) -- Marco Krapels left Tesla Inc. and started a battery company in a place that’s a hemisphere away from California’s rarefied clean-energy scene: Brazil.Krapels, Tesla’s former vice president for international expansion of solar and storage, now runs Sao Paulo-based MicroPower-Comerc. The company, backed by Siemens AG, is pushing to use big mobile batteries to wean Latin America’s largest economy off oil-fired generators during blackouts.It won’t be easy. Brazil offers almost no government subsidies for renewable energy and imposes stiff import taxes. The nation’s market for big batteries, meanwhile, is hardly existent. Nonetheless, Krapels sees opportunity in a place with an occasionally unstable power grid and a robust market for wind and solar.“This is not for the faint of heart, but I think there’s an advantage on being the first to move into a market,” Krapels said by phone.Much of Brazil’s power sector is already carbon-free, with about two-thirds of electricity coming from hydropower. Developers have also aggressively developed wind farms in recent years, including in the breeze-rich region of Serra Branca. But businesses regularly turn to diesel generators during blackouts that are endemic in some areas.Krapels began exploring the potential for batteries in Brazil when he worked for SolarCity, which Tesla acquired in 2016. He wanted a large market with an unreliable power system and no significant government subsidies, which force companies to depend on political cycles. Brazil checked all those boxes.MicroPower, founded last year, offers to deliver on-site lithium-ion storage systems to big-box stores, hotels and other large commercial and industrial customers to use instead of diesel when lights go dark. The systems, which MicroPower owns and maintains, also allow customers to save money by storing up electricity at night when it’s cheap, then using it during the day when prices spike. The company has installed pilot systems at a Coca-Cola bottling plant and a McDonald’s restaurant.Comerc Energia, a Sao Paulo-based energy trading and management company, took an undisclosed stake in the company about 18 months ago. In July, Siemens’s investment arm took a 20% stake.One of MicroPower’s primary challenges is navigating Brazil’s complex tax and regulatory structure. The company doesn’t manufacture its systems, and Brazil’s import taxes tack on about 65% to its battery costs. To get around that issue, MicroPower is exploring buying battery components abroad and assembling them in Brazil, said Peter Conklin, a former SunEdison Inc. executive who co-founded MicroPower and is its chief operating officer.BloombergNEF expects cumulative global battery storage capacity to soar from 29.4 gigawatt-hours this year to 710.6 gigawatt-hours in 2029. The amount of storage in Brazil, however, is negligible, according to BNEF. While investors have begun to take interest in the market, storage companies have not gained much traction.“Intuitively it sounds quite attractive to combine resiliency with economic advantage within the commercial and industrial segment,” BNEF analyst Logan Goldie-Scot said. “But in practice that’s been quite hard to get off the ground.”To contact the reporter on this story: Laura Millan Lombrana in Santiago at lmillan4@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe Ryan, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GuruFocus.com

    Tesla, Elon Musk and the EV Revolution

    You really don’t know the company until you buy the stock Continue reading...

  • Can Honda's 2030 Vision and Restructuring Efforts Pare Woes?
    Zacks

    Can Honda's 2030 Vision and Restructuring Efforts Pare Woes?

    While near-term headwinds in the form of high expenses and drab sales outlook remain, Honda's (HMC) initiatives look promising enough to bolster long-term prospects.

  • Benzinga

    Today's Pick-Up: Musk Invokes Amazon's Name Not In Vain; Using A Customer To Rake XPO

    Tesla Inc (NASDAQ: TSLA) CEO Elon Musk wants to streamline the logistics of delivering the automaker's vehicles. Starting next quarter, the company will ship cars to local delivery centers and allow customers to pick them up at their convenience, according to website Electrek, which spoke to people who were on a call last week with Musk. Customers currently have to schedule appointments to pick up their cars before they are moved out of the Fremont, California factory.

  • Why Tesla Seems to Be Struggling with Q3 Deliveries
    Market Realist

    Why Tesla Seems to Be Struggling with Q3 Deliveries

    Tesla (TSLA) delivered a record 95,200 vehicles in Q2 2019. Starting in 2020, Tesla cars won't be eligible for the federal tax credit.

  • Reuters

    Elon Musk says 'pedo guy' tweet did not suggest British cave diver was pedophile

    Elon Musk on Monday said he did not intend to accuse a British diver of pedophilia by branding him a "pedo guy" on Twitter, as the Tesla Inc chief executive sought to dismiss a defamation lawsuit. Musk posted the tweet, for which he later apologized, after Vernon Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth's diving team rescue 12 boys and their soccer coach from a Thailand cave in July 2018. Unsworth sued two months later in Los Angeles federal court, saying Musk falsely branded him a pedophile and child rapist.

  • Is GM Stock A Buy Now As GM Strike Begins? General Motors Earnings, Chart Say This
    Investor's Business Daily

    Is GM Stock A Buy Now As GM Strike Begins? General Motors Earnings, Chart Say This

    General Motors is focusing on profitable SUVs now and self-driving cars for the future. But a new GM strike adds to challenges. Is GM stock a buy now? Take a look under the hood.

  • NIO Stock Headed Into Wild Action Soon
    InvestorPlace

    NIO Stock Headed Into Wild Action Soon

    Management will soon have the opportunity to give Nio (NYSE:NIO) stock the push it needs to trigger a continuation rally so it can dig itself out of this hole, but it won't be easy.Source: xiaorui / Shutterstock.com Thanks to companies like Tesla (NASDAQ:TSLA) and NIO, e-cars are gaining momentum on the internal combustion engine. For decades the idea was silly, and for some reason manufacturers made their electric cars look odd. * 7 Tech Stocks You Should Avoid Now Now the cars are gorgeous. As a result, the electric car market is growing rapidly and gaining serious momentum. Even the major global auto manufacturers are joining the e-car movement. Most notably Porsche with its Taycan debut.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNIO operates in China, which is a huge market for electric vehicles. While it is growing its business, however, its stock has gone the wrong way. Sporadically, NIO stock rallied fiercely especially after a TV special that propelled the stock to almost $11 per share, only to fail miserably mere hours later. Now, six months later, the NIO stock price is 70% lower and mired just above its all-time lows.From here, it is best to only trade Nio stock. Otherwise, one has to own it for the really long-term hopium of a comeback. For that there are two necessary assumptions. The first is that electric cars in general will succeed in becoming mainstream. This will probably require the help of legislation on the global level and there are signs that this is possible. The second assumption is that NIO stock will succeed in its own mission inside the overall market success.For shorter-term, there are clues for trading the stock from the charts. In my last write-up, I noted that the NIO stock was broken but the company still had a chance. While this is true, it is little consolation for those stuck in the stock from higher levels. But if someone hung on this long there is more upside potential than downside risk, so it's probably too late to exit now.There is an earnings report coming soon which adds another temporary layer of risk as recent reactions to those have been negative on Wall Street. NIO Stock Headed Into Wild Action SoonSour investment sentiment alone is not an indication of doomsday forecast for the company. Case in point: TSLA stock is also miles away from its highs and so far the company is still executing on its expansion plans. So NIO stock woes are not necessarily a sign of a dying company. But it is important that management delivers some good operational news so that investors don't capitulate out of the stock in a week when they report earnings.Meanwhile, September has been good for NIO stock as it bounced hard off of the $2.60 per share low. This also marks the point of control for the period, meaning that this is where buyers and sellers fought the hardest, so it is supported until proven otherwise.Unfortunately the NIO stock price is now headed into resistance because of a price cluster near $3.50 per share. If I'm not yet long the stock, I would wait until the bulls are able to push prices above that before chasing it. This is also a place to book some profits for those long off the $2.50 base.Depending on what happens today with the news from Saudi Arabia and how it affects oil and electric car stock prices, there could be technical opportunity in NIO stock. If the bulls are able to establish the $3.20 as a base, they could extend this rally to retest $4 which was a recent failure point from early July. Otherwise, I expect another dip to establish a better base closer to $3 per share. Nio Stock Bottom LineThis is just part of normal price action in any stock and says nothing about NIO itself. So the best way to trade its stock here is to trade off these lines that matter on the lower time frames. The idea is to wait for the breeches as they happen and chase them in that direction.The alternative would be for investors to buy NIO on a leap of faith into the next earnings report hoping that the company gives Wall Street reasons to celebrate with a rally. Otherwise there's no guarantee that the recent lows will hold. Having a low $2.50 stock price doesn't mean it is cheap because it can go lower. Especially if management fails again in its quarterly goals. Click to EnlargeIt is important to not get emotional about an investment. For some reason, electric car stocks draw a lot of emotions on Wall Street. Using the charts helps separating feelings from strategy. There is great information in charts as price action always unfolds to historical patterns regardless of headlines. As they say, "price is truth," and in the end that's the only thing that matters here.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post NIO Stock Headed Into Wild Action Soon appeared first on InvestorPlace.

  • Electric Pickup Trucks: Could Ford and GM Outdo Tesla?
    Market Realist

    Electric Pickup Trucks: Could Ford and GM Outdo Tesla?

    In the electric pickup truck market, legacy automakers Ford and GM are set to take on established electric vehicle maker Tesla and startups such as Rivian.

  • Big-Time Break Out for Nio Stock?
    InvestorPlace

    Big-Time Break Out for Nio Stock?

    Nio (NASDAQ:NIO) has quickly and quietly rocketed off its recent lows, climbing more than 25% in just a few trading sessions. It's got many investors wondering if Nio stock is set to run even higher over the ensuing days and weeks.Source: Carrie Fereday / Shutterstock.com One year ago, Nio stock went public on the New York Stock Exchange. With many dubbing it the "Tesla (NASDAQ:TSLA) of China," it should come as little surprise that it's been a volatile ride for the all-electric car maker.While the company debuted two electric vehicles more quickly than Tesla delivered its Model S and X, it hasn't generated the same fanfare that Tesla has. A big part of that, in my view, is thanks to Elon Musk.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla versus NioDie-hard Tesla fans think of Musk as the saving grace to our earth. The one who will electrify the transportation market and slingshot the industry into the next century. All while fighting off short-sellers, FUD (fear, uncertainty, doubt)-writers and the evil auto and energy sectors. * 7 Discount Retail Stocks to Buy for a Recession Of course, his detractors have the exact opposite view: that he's a lying narcissist pulling the wool over investors' eyes whenever he so pleases.Then there's everyone else in between, who recognize Musk for what he is. An incredible entrepreneur who at times would benefit from putting his foot in his mouth and turning off his Twitter (NYSE:TWTR) account.Love him or hate him, embrace him or tolerate him, it's hard to argue the value Musk has brought to Tesla stock. While shares are down roughly 10% over the last five years, they're up more than 600% in six-and-a-half years. Also, TSLA is up approximately 1,000% in the last 10 years.Enough about Musk and more about Nio stock.All of this is to say that NIO doesn't have a Musk. Someone that can sell their product, that can create hype, generate headlines and get people taking notice. In a capital-intensive, low-margin business, that's exactly what a company like Nio needs. Someone who can get investors, customers and observers excited about their product.That's not to say NIO or others can't succeed without a Musk, but it makes life much easier. Trading Nio StockBoth the 20-day and 50-day moving averages are now trending higher for NIO stock. More importantly though, Nio is above downtrend resistance (blue line). Last month, this trend line squeezed Nio below $3, eventually sending it down to a low off $2.58 at the start of the month.However, that move was very important, at least as far as short-term developments go. When Nio stock bottomed at $2.58 and rallied, shares had notched yet another higher low. This is shown on the chart via purple arrows, as well as a purple uptrend line.While a series of higher lows is not necessarily a screaming buy signal, it is a bullish technical development. The only problem? The stock has been decimated over the past year. In 2019 alone, the Nio stock price is down 50%. From its highs, it's even worse, down a catastrophic 72.5%.So, what do bulls need to see now? They want to see Nio stock maintain above the 50-day and 20-day moving averages, and most importantly, not break the trend of higher lows. If shares can continue higher, $4 may be in the cards. Bottom Line on NIOThe technicals are starting to behave better for Nio stock; now it needs the fundamentals to improve as well.There are talks about a bottom in China's struggling auto market, while the company just raised $200 million in convertible debt via CEO William Li and Tencent (OTCMKTS:TCEHY). That's promising and should help fund Nio's capital-intensive business as it tries to turn free cash flow positive.Losses are still big for Nio and that's to be expected from an automaker. Again, just look at Tesla. Despite its global presence, the company still has trouble churning a positive bottom line.Speaking of its global presence though, Tesla is working to complete its Gigafactory 3 in China. While the country is the world's largest electric car market, increased Tesla competition could make it harder for Nio to win over customers.The bottom line: for those that are bullish on Nio stock, the chart is beginning to shape up. If the fundamentals improve, shares could go on a run. Below $2.50 causes concern. Remember, this is still a speculative holding.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Big-Time Break Out for Nio Stock? appeared first on InvestorPlace.

  • Barrons.com

    Tesla Stock Has Risen This Month as Its Third-Quarter Numbers Approach

    It’s difficult to imagine a time when the conversation around shares of Tesla will be entirely drama-free. But that’s a fair description of September so far.

  • Is Tesla Bear Jim Chanos Buying Something New?
    Market Realist

    Is Tesla Bear Jim Chanos Buying Something New?

    Jim Chanos, the founder and president of Kynikos Associates, is a long-time short-seller of Tesla stock. Tesla stock has fallen 17.5% in the last year.

  • It’s Porsche Versus Tesla Facing Off in Germany’s Green Hell
    Bloomberg

    It’s Porsche Versus Tesla Facing Off in Germany’s Green Hell

    (Bloomberg) -- First there was derision. Then mockery turned into admiration. Now a battle is unfolding between two of the most revered names in the automobile world, Porsche and Tesla Inc. on one of the world’s most challenging race tracks.The two automakers are vying for electric vehicle bragging rights on Germany’s Nürburgring, a circuit with 73 tight turns (Silverstone in the U.K. has 18), changing elevations and a brutal length of more than 20 kilometers (12.4 miles) winding through a leafy forest, earning it the nickname “Green Hell.”It’s here that Porsche’s new Taycan Turbo S set the record as the fastest four-door electric car last month, clocking in at 7 minutes and 42 seconds. The feat wasn’t lost on a rival sitting thousands of miles away in California: Tesla’s CEO Elon Musk. Always one to relish a good fight, Musk picked up the gauntlet and has dispatched a Model S to the German hinterland to reclaim the bragging rights as king of the electric sedan.“We welcome competition, it helps you to get better step by step. But of course you always have to compare apples with apples,” Porsche AG Chief Executive Officer Oliver Blume told Bloomberg Friday on the sidelines of a panel discussion near the Frankfurt auto show.The epic battle between incumbent and upstart has been infused with social-media feeds that have energized die-hard fans on either side of the Atlantic. Adding to the frenzy is former Formula One racing champion Nico Rosberg, who chimed in on Twitter offering to pilot the Tesla. Musk happily accepted in a tweeted reply, but it’s unclear who actually will be behind the wheel.Porsche’s Blume said Tesla had selected another driver “who knows the Nürburgring well,” but he declined to provide a name.Musk has a lot riding on the challenge. After Porsche unveiled the Taycan Turbo and Turbo S as its first electric cars last week, he teased the brand for its nomenclature -- a turbocharger is only found in a combustion engine. Following the initial ribbing, he found more charitable words in a later tweet, acknowledging the Taycan “does seem like a good car” and its Nürburgring track time “is great.”Blume said Friday the respect is mutual, but was careful to note the Taycan’s record was achieved with a normal series production car that came straight from the assembly line and can be purchased by customers. Tesla, by contrast, has already been working for about two weeks near the track to modify a Model S for racing purposes to achieve the fastest-possible time, the Porsche CEO said.While a series version Model S wouldn’t be able to beat the Taycan’s lap time, a modified race version with tweaked suspension and brakes “could go in that direction,” Blume said. “We have a lot of respect for Tesla. They have achieved a lot and Elon Musk built this company from scratch.”The stakes are also high for Volkswagen AG‘s luxury sports car unit, which has watched Tesla turn itself into a veritable alternative for customers seeking a high-performance car but with an electric powertrain, an open flank that the Stuttgart-based manufacturer now hopes to protect with the Taycan.Musk posted on Sept. 6 that a Model S would make an appearance at the track “next week.” Indeed, a modified Model S has been spotted testing on the Nürburgring Nordschleife, according to Car and Driver, which appeared to show the car on the track as part of a general driving session open to others. The model sported flared fenders and an enlarged opening at the front, probably for extra cooling.When exactly the car might attempt to break the Taycan’s record remains shrouded in mystery. Tesla didn’t respond to a request for comment on its plans. A spokesman for the Nürburgring said Tesla has not officially booked exclusive time with the track.The Tesla-Porsche competition may be a marketing spectacle, but one that nevertheless helps to draw attention to electric vehicles, said Gene Munster, a managing partner at venture capital firm Loup Ventures and longtime Tesla bull. Munster predicted Tesla would race a souped-up version of the Model S at Nürburgring, and that it will beat Porsche’s Taycan record.“Elon wouldn’t take it to the track if they didn’t think they would win,” Munster said in a phone interview. “He’s fiercely competitive, and he loves sticking it to traditional automakers. It’s his hobby. He feels confident.”Tesla tweeted on Sept. 11 that a Model S with a new “Plaid” powertrain beat the record for the fastest four-door sedan at Laguna Seca, a race track near Monterey, California, though the time wasn’t achieved during a competitive event and hasn’t been endorsed by the raceway.Pushing the round below 10 minutes is the ambition of all Nürburgring daredevils. The track is open to both professional and amateur drivers, and the fastest time with a street-legal sports car was 6 minutes and 44 seconds, performed in a Porsche GT2 RS MR on Oct. 25 last year, according to the circuit’s website. That’s an average speed of 185 kilometers an hour for the 20.8 kilometer stretch.(Updates with comments from Porsche CEO in second paragraph)\--With assistance from Hayley Warren and Oliver Sachgau.To contact the reporters on this story: Elisabeth Behrmann in Frankfurt at ebehrmann1@bloomberg.net;Dana Hull in San Francisco at dhull12@bloomberg.net;Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Benedikt Kammel, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tesla’s Range: Can It Outpace the Competition?
    Market Realist

    Tesla’s Range: Can It Outpace the Competition?

    Tesla (TSLA) has maintained an edge over its competition, highlighted by its robust range. Depending on the model, Tesla EVs offer ranges of 240–370 miles.

  • T. Boone Pickens Saw How Fast Energy Markets Could Change
    Bloomberg

    T. Boone Pickens Saw How Fast Energy Markets Could Change

    (Bloomberg Opinion) -- T. Boone Pickens, the legendary American oil entrepreneur who died this week at 91, was known for his aggressive corporate plays in the 1980s and the oil and gas investing strategies that earned (and sometimes lost) him billions since the 1990s. He also had a vision for America’s energy future. His 2008 Pickens Plan thoughtfully delineated which resources needed to flow, and where, to make the U.S. energy-independent.Last week, as it happened, I was at Pickens’s Mesa Vista Ranch to talk to investors and industry executives about how fast the energy system is changing, thanks to new technology — some of it envisioned by Pickens, and some not. Reflecting now on Pickens and his plan, I’m struck, first, by his boldness in imagining a changed energy future and, second, by how quickly things shifted in ways even such a visionary could not foresee.At almost the exact moment the Pickens Plan debuted, oil prices hit their all-time peak of $147 a barrel. They’re now hovering about $90 a barrel lower.As Pickens mentioned in his whiteboard presentation, the U.S. was then importing most of the oil it consumed. U.S. production amounted to a little over 5 million barrels a day. Since then, thanks to the hydraulic fracturing revolution, oil production has more than doubled.And natural gas production has risen almost 60%.In 2008, as Pickens noted, half of America’s electricity supply came from coal, a share that has since fallen to 27%. In the Pickens Plan, wind and nuclear power were expected to displace gas-fired power, so that gas could be shifted into transportation. Solar energy and electric vehicles were not even mentioned. Now, both natural gas and wind have become alternatives to coal, while the biggest disruption for oil has been new technology in the oil business itself.Pickens got the wind industry wrong, by his own rather salty admission. But, that’s not a criticism of his plan. (As he pointed out, he wasn’t really wrong, just early.) It’s a testament to the man’s forward thinking that he could see natural gas as an alternative to oil, and wind as a major source of power. A new research paper from the World Economic Forum has an elegant framework for thinking about such energy transitions: They differ according to whether you consider the big picture of global supply and demand, or the change that happens at the margins of both. The authors describe these two narratives as “gradual” and “rapid.”The gradual narrative, the authors say,… is that the energy world of tomorrow will look roughly the same as that of today. Gradual scenarios extrapolate current patterns of policy, industry, consumption and investment, thus supporting planned carbon-intensive investment decisions and implying that the global energy system has an inertia incompatible with the Paris Agreement.The rapid narrative, on the other hand,… is that new energy technologies are rapidly supplying all the growth in energy demand, leading to peak fossil fuel demand in the course of the 2020s. Rapid scenarios suggest that current technologies and new policies will reshape markets, business models and patterns of consumption, challenging planned carbon-intensive investment and leading to a low-carbon global economy while creating considerable economic and social benefits.The difference is explained by the fact that total global energy supply is immense and grows only about 1 to 2% per year. In 2017, total primary energy supply was 13,475 million metric tons of oil equivalent; the change in supply was 246 million metric tons of oil equivalent. A focus on the former makes it hard to see not only that change is happening but also that change is possible.Last year’s growth in supply was unusually high, but more than a third of it came from renewable energy. If total supply had grown only as much as it did in 2015, then renewables would have been all new supply. In other words, the implications of rapid change are significant. No one sets out to get things wrong, of course, least of all Pickens, who spent $100 million of his own money on his plan. Some questions have yet to be answered — and big changes are underway — even in large and established systems like energy. Rapid changes are happening even faster than their proponents expected.Pickens was also an avid Twitter user to the very end. Seven years ago, the recording artist Drake tweeted that “The first million is the hardest.” Pickens, who had made and lost far larger amounts many times over, had this response:Weekend readingJoe Nocera bids fond farewell to T. Boone Pickens.We are in the era of four gas mega-players, says Nikos Tsafos — Russia, the U.S. and Qatar as exporters, and China as importer.The shipping industry’s dream of carbon neutrality is drifting away.Investment manager David Swensen made Yale fabulously rich.In markets gone mad, investors find rare comfort in data science.Karl Smith has some good news about income inequality.WeWork’s planned IPO marks the end of the unicorn era.Felix Salmon outlines MIT’s expanding Jeffrey Epstein scandal.Insurers are dropping home coverage in Berkeley, California, due to fire risk.A new poll finds that Democrats and Republicans both say humans are causing climate change, though they differ in their certainty about human causes.Last month, Porsche set a four-door electric car record at the Nürburgring. Tesla now plans to beat that record, with former Formula One champion Nico Rosberg driving.To contact the author of this story: Nathaniel Bullard at nbullard@bloomberg.netTo contact the editor responsible for this story: Mary Duenwald at mduenwald@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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