|Day's Range||244.80 - 246.10|
Elon Musk' says Space-X could launch astronauts to the International Space Station as early as next year. The news represents the next step in the commercialization of the space industry. Yahoo Finance's Adam Shapiro, Brian Cheung and Pras Subramanian discuss on On the Move.
Electric bike-sharing startup Wheels said it has raised more than $50 million in its latest funding round led by venture capital firm DBL partners, as the company looks to expand into the U.S. and international markets. DBL Partners' founder and managing partner Ira Ehrenpreis, who is also a board member at Tesla Inc, will join Wheels' board, a source familiar with the matter told Reuters on Tuesday. DBL Partners is also an investor in Tesla, according to its website.
China’s slowdown concerns have intensified amid a flurry of soft data points. On October 15, China released its September producer price inflation data.
Cross-Sell Interactive tracks Tesla registrations across 22 states. The latest data from Cross-Sell is alarming, but that may not mean disaster for the stock when the electric-car company reports third-quarter numbers.
Tesla’s electric pickup truck is one of the most anticipated vehicles in recent history. CEO Elon Musk knows how to create hype around new vehicle launches.
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia. The 13.5 kilowatt-hour (kWh) Powerwall can store power generated by solar panels and costs 990,000 yen ($9,135), including the Backup Gateway system which manages the grid connection, but excluding installation costs and retail tax. It will be sold directly online by Tesla or via certain third-party installers.
Tesla will debut its Powerwall home power storage batteries in Asia early next year, starting in Japan, Reuters reported on Tuesday. "Tesla believes that the Japanese home battery market has big growth potential," Shinji Asakura, country manager of energy products for Tesla in Japan, told reporters in Tokyo. About 530,000 households with solar panels will have supply contracts with utilities lapse during the last two months of this year, Bloomberg reported, citing data from Japan's Agency for Natural Resources and Energy.
Having missed Q3 delivery targets, Tesla will seek to reassure investors that it's on track to meet its full-year delivery target of at least 360,000 cars, get sustainably profitable, and kick off production in China.
(TSLA) stock has had a difficult year, but maybe the electric vehicle pioneer deserves a break. It turns out it is hard to make electric cars. Just look at three potential competitors for Tesla (ticker: TSLA). The privately held maker of high-end home appliances Dyson, start-up Faraday Future, and 2018 electric-vehicle initial public offering (NIO) (ticker: NIO) are all hitting bumps in the road.
Faraday Future founder and Chief Executive Officer Jia Yueting has filed for bankruptcy in the United States and plans to turn over his stake in the Chinese electric vehicle firm to repay his personal debts, the company said. Yueting's plan will not affect Faraday Future's business operations, said the company, which has ambitions to overtake Tesla Inc. Faraday Future added that CEO Yueting will focus on its U.S.-China dual home market strategy and help prepare for an IPO.
The Taycan 4S comes in a Performance Battery version (79.2 kiloWatts per hour) and a Performance Battery Plus version (93.4 kiloWatts per hour), each of which is less powerful than the original models. The 4S delivers up to 420 kiloWatts (630 horsepower) compared to the Turbo’s 500 kiloWatts and the Turbo S’s 560.
Going into earnings, due October 23, Tesla (NASDAQ:TSLA) is offering a calm but fraught chart pattern. TSLA stock has spent most of the last three months between $220-250, whipsawed (as usual) by various rumors, small news events, and irrelevancies.Source: Tudoran Andrei / Shutterstock.com The shares closed near the top of that range, at over $247 on Friday, as short volume has (for now) fallen to 21%, after topping 25% at the start of the month.If the company can hit the "whisper" estimates for the quarter, a $250 million or $1.40 per share loss on $6.6 billion of revenue, it could sound an all-clear. Official estimates are for a smaller loss on lower revenue. Hedge funds had been edging back into Tesla shares early this year, as it fell to a low of $185.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIs it time to buy again? The TSLA Bull CaseTesla has gone from being a curiosity to a major maker of luxury cars.It was the leading luxury nameplate in the U.S. during the second quarter of the year. It had more than double the sales of Lincoln, Buick and Cadillac combined. Almost one-fourth of the small- and mid-sized luxury cars sold in this country are now made by Elon Musk's minions. * 10 Best Cloud Growth Stocks Right Now During the third quarter, Tesla delivered 97,000 cars. Reporters called it a failure, short of estimates, but delivering 105,000 in the fourth quarter will still bring its total for the year to 360,000. Musk is telling employees they can get close to that figure.Tesla's Shanghai factory could start production this month, producing at a 500,000 car per year rate by the end of the year. Tesla sales in China nearly doubled this year.The big profits for Ford Motor (NYSE:F) and General Motors (NYSE:GM) come from their pick-up trucks, which often sell for $50,000 and more, fully equipped. Tesla is announcing a pick-up in November. The Bear Case Switches to SurvivalTesla is failing in solar panels. Its batteries are doing well but still represent less than 7% of sales. Tesla is still not making a profit. It's not yet close, with gross margins falling even as production increases.Some analysts are publicly warning investors away from Tesla. The bears say the story is switching from innovation to survival, meaning it gets whacked with every earnings miss.Then there's CEO Musk himself, who, like a certain Washington resident, can't seem to quit Twitter. Musk is mercurial, thin-skinned, more interested in his privately owned SpaceX than the car company. He wants to put chips in peoples' brains. He is taking billions of dollars out of the company in pay and incentives while investors get speculation. * 10 Great Biotech Stocks to Buy in Q4 Of 33 analysts currently following TSLA stock, 10 are saying buy, 9 are saying sell, and 11 don't know what to say. Their earnings estimates are all over the map, ranging from monster loss of more than $600 million to a small profit for this quarter. Guesses for next year range from a loss of almost $1 billion to a profit of $2.4 billion.They don't know what to think. Neither do I. The Bottom Line on Tesla StockTesla stock remains a gambler's play, as fascinating as Elon Musk himself.I can't recommend it to investors, because I don't gamble. But for traders looking for action, there may be no better play on the board, whether you want to bet up, down or short.If I had a hunch what was going to happen at Tesla, I'd play it with options, where losses can be controlled and where leverage applies.I'm going to sit this one out and grab some popcorn.Dana Blankenhorn is a financial and technology journalist. He is the author of the historical mystery romance The Reluctant Detective Travels in Time available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Are Tesla Stock Investors Seeing Some Stability, at Last? (Uh, No) appeared first on InvestorPlace.
(Bloomberg Opinion) -- However frothy valuations currently seem to be, optimists can always argue they’re justified by strong earnings. In the past four years, S&P 500 operating earnings per share have grown by nearly 40%.Those numbers, however, may be as airy as the asset prices they support. The U.S. government’s national income and product accounts -- which cover a broader number of businesses than the S&P, use tax returns and adjust for certain accounting practices -- suggest that corporate profits actually peaked in 2014 and have been stagnant since. The national accounts also show significant downward revisions to corporate profit margins over the previous five years. While one would expect some discrepancies between that data and S&P numbers, which are based on Generally Accepted Accounting Principles (GAAP), the gulf is too wide to be ignored.What’s going on? In many cases, accounting choices appear to be distorting results. In early 2019, General Electric Co. reported GAAP losses of $2.43 per share; under adjusted figures it earned $0.65 per share. Tesla Inc. reported full-year GAAP losses of $5.72 per share but “non-GAAP” losses were only $1.33 per share. Over 95% of S&P 500 companies regularly use at least one non-GAAP measure, up about 50% over the last 20 years.One question is how companies choose to recognize income. In the case of long-term, multi-year contracts, such as construction projects, reported revenue can be based on a formula: a portion of the total contract amount, calculated as costs incurred in the relevant period as a percentage of total forecast costs. Understating estimated final costs allows margins to be increased and greater revenue to be recognized up front. Following the collapse of Carillion PLC, the firm was found to be aggressive in recording income which was sensitive to small changes in assumptions. Given the trend to converting sales of products (such as software) into long-term service contracts, these risks are only going to grow. Companies can understate expenses. Many tech companies use non-GAAP accounting to strip out the cost of employee stock options, for instance, thereby showing higher earnings. WeWork sought to redefine traditional earnings before interest, tax, depreciation and amortization as something called “community-based EBITDA.” The new measure conveniently excluded normal operating expenses such as marketing, general and administrative expenses, development and design costs.Spending may be treated as an asset, to be written off in the future rather than when expended. A recent JPMorgan Chase and Co. research report found software intangible assets (the amount spent but not yet expensed) averaged up to 15% of adjusted costs for a sample of European banks. The idea is to better match expenses to the period over which they are expected to benefit the business. But the practice may overstate current earnings.Related-party transactions can distort a company’s true financial position. Saudi Arabia slashed the tax rate on large oil companies to 50% from 85%, even though the government depends on the profits of Saudi Arabian Oil Co. for 80% of its revenues. Aramco will still pay most of its profits to the state, but as dividends rather than tax. That means reported profits will be higher, potentially increasing the company’s valuation ahead of a highly anticipated initial public offering. Complex structures can mask liabilities. Tesla, for instance, faces potential payments related to its SolarCity business. Before being bought by Tesla in 2016, SolarCity regularly sold future cash flows to outside investors in exchange for upfront cash. Tesla assumed these obligations and has continued the practice. The obligations now reportedly total over $1.3 billion.To reduce unfunded pension liabilities, some companies have borrowed at low available interest rates to inject money into the funds. That’s fine as long as fund returns -- generally assumed to be around 6% to 8% -- are higher than the cost of borrowing. If returns come in lower, however, the companies in question will have to raise their contributions, affecting future earnings.New business models often disregard potential costs. If Lyft Inc. and Uber Technologies Inc. drivers are reclassified as employees as proposed in California, then hidden employment costs would need to be recognized, perhaps retrospectively. Newly listed fitness company Peloton Interactive Inc. faces a $300 million lawsuit from music publishers who claim the company used their songs in workouts without paying licensing fees.Finally, stated asset values can be misleading. Goodwill, the difference between acquisition price and the fair value of actual assets acquired, now averages above 50% of acquisition price. Goodwill values are notoriously uncertain. In 2018, GE unexpectedly wrote off $23.2 billion of goodwill arising from its acquisition of Alstom SA.The problem is compounded by private markets, where funding rounds can establish questionable valuations. Recent investments into WeWork valued the company at over $40 billion, more than three times the projected pricing of its abandoned IPO. A recent proposal to get Saudi businesses to make anchor investments in Aramco ahead of its IPO could also inflate its valuation.“Fake” financials, as some would call them, undermine markets. With a correction looking increasingly likely, investors need to start working with regulators and standard setters now to close accounting loopholes, while scrutinizing underlying data more closely. Otherwise, the more creatively companies are allowed to manage their financial position for short-term gain, the bigger the bill is going to be.(Corrects definition of goodwill in twelfth paragraph.)To contact the author of this story: Satyajit Das at email@example.comTo contact the editor responsible for this story: Nisid Hajari at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Satyajit Das is a former banker and the author, most recently, of "A Banquet of Consequences."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
In Berlin, companies like Uber don't have a dominant hold on transportation. Instead, many companies compete for a slice of the market.
Millions of Californians may have just suffered an unprecedented, induced blackout by the state's largest (and bankrupt) utility, and on top of that gasoline prices are soaring too
Much of the technology we use daily was initially developed on college campuses. For a prime example of this, look no further than the internet. Many of today's tech giants including Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) simply would not exist if it weren't for the internet. While we take the internet for granted, it wasn't always here. It actually had its roots in a network called ARPANET, developed in the 1960s and 1970s to facilitate communication for the U.S. military and university-based researchers. From that backbone, the world wide web (which is now 25 years old) evolved. Even today, the World Wide Web Consortium -- tasked with maintaining open web standards -- is headed up by World Wide Web "founder" Sir Tim Berners-Lee at MIT. * 10 Super Boring Stocks to Buy With Super Safe Returns The internet is one of the biggest and farest-reaching examples, but there are plenty of other groundbreaking technologies that have been created by universities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Better Lithium Ion BatteriesLithium Ion batteries may have a bad rap thanks to incidents like Samsung's, exploding Galaxy Note 7, but their high power density is critical to mobile devices like smartphones and wireless headphones. Lithium Ion batteries also make Tesla's (NASDAQ:TSLA) electric cars possible.MIT professor Yet-Ming Chiang is credited with making Lithium Ion batteries safer, much more powerful, and faster-charging than early versions thanks to his research in the university's materials sciences labs. In 2002, he co-founded A123 Systems to commercialize the new lithium Ion technology, which was soon used in batteries powering power tools, electric cars, and other devices. Hoana LifeBedSource: Shutterstock The Hoana LifeBed is compared to "Doctor McCoy's sick bay bed in Star Trek." It uses non-contact sensors embedded in the cover of a hospital bed mattress to non-invasively provide critical patient monitoring data including heart rate and respiratory rates. * 10 Cloud Stocks to Invest in the Future The real-time vital signs data provided by the LifeBed helps medical professionals to asses a patient's health and emotional state without the use of cuffs or electrodes. Commercializing technology developed at the University of Hawaii that was originally funded by U.S. military grants, Hoana was spun off as a private venture in 2001. Google SearchSource: Castleski / Shutterstock.com We've already established that Google wouldn't exist if it weren't for the internet, but it's also true that Google itself probably wouldn't exist if it weren't for Stanford University.Google co-founders Sergey Brin and Larry Page created their search engine, which used page rankings to improve results while PhD students at Stanford. With the success of the search engine - which was originally available on Stanford's website -- the pair dropped out to launch Google as a commercial venture. LCD ScreenSource: Apple LCD panels replaced CRTs to revolutionize televisions and made the laptop computer possible. Liquid crystals were discovered in 1888 and first used to create an LCD display in 1968. But it was in 1969 that a researcher at Kent State University created a "twisted nematic" LCD display that was durable and power-efficient enough to be practical. * 10 Biotech Stocks With Game-Changing Dates in Q3 This led to commercialization of LCD technology, starting with the first LCD watch display in the early 1970s. Kent State still operates the Glenn H. Brown Liquid Crystal Institute to further research into liquid crystal technology. E Ink displaysSource: Amazon E-readers like Amazon's Kindle and the Kobo Forma are built around E Ink displays. It's the E Ink display that make these devices popular, despite the competition from tablets.E Ink displays used by e-readers are high resolution, with ultra-long battery life (weeks instead of hours) and they can be read in bright light and sunlight. In addition, e-readers are much lighter than tablets and many are now waterproof as well. E Ink technology was developed at MIT by associate professor Joseph Jacobson. FacebookSource: Wachiwit / Shutterstock.com Facebook (NASDAQ:FB) isn't really a technology, but the company broke new ground, created a tech giant, and launched the era of social media -- and all the complexities that have come with it.Started by Mark Zuckerberg and several classmates while at Harvard University as a social directory for Harvard students, Facebook exploded beyond campus to become what is now a $512 billion company with over 1 billion users. In an interview, Harvard's Jonathan L. Zittrain (Computer Science professor at the School of Engineering and Applied Sciences in addition to being a Law professor at Harvard Law School and the Harvard Kennedy School) commented about what made the university an ideal launching ground for the nascent social network: * Best Stocks for 2019: Q3 Was a Roller Coaster "The college environment made for the ideal petri dish: lots of comparatively tech-savvy people eager to get to know one another, and not as guarded about privacy, especially since the early Facebook was indeed limited to those who could show a university email address." Artificial IntelligenceSource: Shutterstock Artificial intelligence -- or AI -- has the potential to be the next game-changer in technology. AI is already making search better, making personal assistants like Siri and Alexa smarter, and helping automakers move toward autonomous driving.AI is being developed by many tech companies, but the field is also being constantly advanced by pioneering research at universities. Notable hotbeds for AI research include Carnegie Mellon, MIT, Stanford, and the University of Toronto. Researchers from these programs have also increasingly left the campus to lead the AI divisions of tech giants -- in 2015, Uber (NYSE:UBER) "gutted" Carnegie Mellon's AI and Robotics center, hiring away 50 of its staff. GPSSource: BigTunaOnline / Shutterstock.com Like the internet, GPS is one of those technologies we take for granted. It's used by everything from the military to our smartphones, and companies like Garmin (NASDAQ:GRMN) have built successful businesses around GPS and GPS-related products like automobile and hand-held navigation systems. * 10 High-Yield Monthly Dividend Stocks to Buy MIT's Ivan Getting leveraged his experience at MIT's Radiation Laboratory to eventually become a key figure in the development of the Global Positioning System -- GPS. Robotics Source: Shutterstock Technology doesn't get much more groundbreaking than robotics, especially the quadruped robots from Boston Dynamics. YouTube videos showing these uncanny, four-legged robots in action look like science fiction, but the company has commercialized them to carry payloads up stairs, though industrial sites and over rough terrain. Its intimidating Big Dog robot was funded by DARPA for U.S military use.Boston Dynamics got its start as a spin-off from MIT before being acquired by Google X, and then SoftBank. EntrepreneurshipSource: Shutterstock Universities can't be credited with creating entrepreneurship, but college campuses definitely drive technological innovation, foster entrepreneurs and attract investment.According to Carnegie Mellon University President Farnam Jahanian at that institution alone, faculty and students started 173 new companies between 2011 and 2016. Across the U.S., between 1996 and 2015, the economic transfer of technology from university research to the private sector contributed $1.3 trillion to U.S. gross industrial output and helped to support 4.3 million jobs. As of 2017, there were more that 200 universities and colleges with dedicated innovation or entrepreneurship centers, helping to ensure that the groundbreaking technology keeps coming.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 10 Groundbreaking Technologies Created by Universities appeared first on InvestorPlace.