TSLA Mar 2020 450.000 put

OPR - OPR Delayed Price. Currency in USD
21.37
-0.28 (-1.29%)
As of 3:34PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close21.65
Open21.00
Bid20.45
Ask21.05
Strike450.00
Expire Date2020-03-20
Day's Range21.00 - 21.86
Contract RangeN/A
Volume320
Open Interest2.73k
  • Tesla calls claims of unintended acceleration in NHTSA petition 'completely false'
    TechCrunch

    Tesla calls claims of unintended acceleration in NHTSA petition 'completely false'

    Tesla also questions the validity of the petition, noting that it was submitted by a Tesla short-seller. Last week, the National Highway Traffic and Safety Administration said it would review a defect petition that cited 127 consumer complaints of alleged unintended acceleration of Tesla electric vehicles that may have contributed to or caused 110 crashes and 52 injuries.

  • MarketWatch

    Nio's stock falls, on track to snap record 8-day win streak

    Shares of Nio Inc. dropped 1.7% in active premarket trading Tuesday, putting them on track to snap a record-long eight-day winning streak. Volume was 680,000 shares just less than two hours before the open, enough to make the stock the most actively traded in the premarket. The China-based electric car maker's stock had rocketed 44% in eight days through Friday, the longest streak of gains since the stock went public on Sept. 13, 2018, and beating the seven-day win streak through Feb. 1, 2019, when the stock surged 20.6%. On Friday, the stock had climbed 6.9% after the company disclosed that its largest shareholder, Scotland-based investment manager Ballie Gifford & Co., had increased its stake to 13.13% of Nio's shares outstanding, up from 11.04% as of Feb. 5, 2019. Also helping to boost the stock this year were upbeat reports that Nio had secured about $1 billion in funding, upbeat December deliveries data and a surge in U.S. rival Tesla Inc. shares to record highs. Nio's stock has nearly tripled (up 176.3%) over the past three months through Friday, while Tesla shares have doubled (up 101.4%) and the S&P 500 has edged up 10.7%.

  • Tax breaks for college tuition and medical expenses just came back from the dead — read this before filing your taxes
    MarketWatch

    Tax breaks for college tuition and medical expenses just came back from the dead — read this before filing your taxes

    The new legislation retroactively resurrects and/or extends a bunch of individual and business federal income tax breaks, which we will call the extenders. As its name indicates, the Act also includes a bevy of federal tax relief provisions for disaster victims. The Tax Cuts and Jobs Act (TCJA) set the threshold for itemized medical expense deductions at 7.5% of adjusted gross income (AGI) for 2017 and 2018.

  • Tesla Created Demand for Electric Vehicles, But Only for Tesla
    Bloomberg

    Tesla Created Demand for Electric Vehicles, But Only for Tesla

    (Bloomberg) -- Tesla Inc.’s stock is soaring, and traditional auto manufacturers are staging glitzy presentations of new plug-in models. You’d think the electric-vehicle age was finally dawning.But so far, Tesla is the only car company looking likely to benefit in the coming years. Look at every other corner of the U.S. auto industry -- the world’s most valuable automaker, dealers, consumer surveys and market forecasts -- and a more ominous picture emerges.A top American executive for Toyota Motor Corp., whose market value is still more than double Tesla’s even after Elon Musk’s epic run, recently warned of electric-car catastrophe. Auto retailers caution growth will be slow, citing still-high battery costs and range constraints. And far more U.S. shoppers are willing to kick the tires on a hybrid than cars that only plug in.The cause for concern remains as EVs start to appear in showrooms in greater numbers. The models on the market will swell almost sevenfold to 121 models in the next half decade, from 18 now, according to LMC Automotive. But the researcher sees all those vehicles claiming just 5.5% of U.S. sales in 2025.“We’re going to see electrified Armageddon,” Bob Carter, Toyota’s executive vice president of North American sales, told reporters in December. “Supply is going to get ahead of true customer demand.”There is irony, of course, in Carter predicting an EV reckoning just as Tesla was wrapping up a record year. The dim view he holds is not unique among legacy automakers, which have spent more than a century building and selling cars that burn fossil fuel. But that cautious mindset is rooted in pragmatism -- profits remain elusive in the high-cost, high-price EV business.That’s why Toyota and other automakers have been reluctant to dive head-first into EVs until they’re closer to reaching price parity with internal combustion engine vehicles, which BloombergNEF predicts will happen around 2024.EV sales are expected to grow to be roughly the size of the shrinking mid-size car segment by mid-decade, to about 934,000 units, LMC says. But whereas the meager family sedan market will be split between just 13 models, the researcher expects there to be more than nine times as many EVs fighting for air.Thanks to its hot-selling Model 3 sedan, Tesla accounted for nearly eight-in-10 EV sales in America last year. By 2025, LMC sees Tesla offering seven models that will account for a quarter of segment sales. That would leave the 114 competing offerings from other automakers averaging annual sales of 6,145 per model, or about 118 units a week.“It’s tough to make a business out of that volume per EV,” said Jeff Schuster, senior vice president of forecasting at LMC. “Electric vehicles are the future. What’s in question is when that future will arrive and when it pays off? It’s a long road and there definitely could be some carnage along the way.”Automakers, fearing they’ll be left behind if they don’t accelerate their shift from the internal combustion engine, are going to great lengths to build buzz for new electric models.Ford staged a star-studded unveiling of its Mustang Mach-E in an airplane hangar a short stroll from SpaceX, Musk’s rocket company. Porsche debuted its Taycan using Niagara Falls, a Chinese wind farm and a German solar site as backdrops.But with the notable exception of the Model 3, consumers have not been charged up by the highly touted electric offerings already on the market.Sales of the Chevrolet Bolt sagged almost 9% last year and the Nissan Leaf slumped 16%, with neither cresting 17,000 units. Last month, Mercedes-Benz put off the U.S. debut of its first EV by a year after Jaguar and Audi struggled to sell their first electric offerings.So far, only Tesla and its billionaire chief executive officer have come up with an alluring amalgam of status and sex appeal.“Tesla has created the market by having a mystique,” said Art St. Cyr, the head of American auto operations for Honda Motor Co., pointing to Musk’s Model 3. “If Honda, Toyota, GM or Ford made that vehicle, we probably wouldn’t sell them in those numbers.”Honda, Ford and Toyota, which all have a history of selling hybrids, see them prevailing for the time being because mainstream buyers continue to suffer “range anxiety” -- the fear of being stranded by running out of juice in an EV.“People are not generally willing to pay more to be inconvenienced,” St. Cyr said.General Motors Co. is jumping more aggressively into EVs, with plans to field 20 models worldwide by 2023 and sell 1 million by 2026. It’s joining forces with South Korea’s LG Chem Ltd. to build a $2.3 billion battery factory in Lordstown, Ohio, where the car manufacturer stopped building gasoline-fueled Chevrolet Cruze compacts last year.“Customers aren’t interested in hybrids,” Mary Barra, GM’s CEO, said during an industry conference in November.But a study released by Deloitte this month found 27% of U.S. consumers are actively considering a hybrid, while just 8% are looking at pure electrics. Some 59% of Americans still want gasoline-powered cars, the highest of any country Deloitte surveyed globally.Government mandates have made China the world’s top market for EVs, and European regulators also are stimulating demand with incentives to help reach more stringent goals for reduced emissions.But in the U.S., where President Donald Trump has sought to ease car-pollution rules and fuel is cheap, consumers are in no hurry to ditch the gas pump. The Deloitte study found consumers in the U.S. are most concerned about a lack of charging stations.“The automotive ecosystem still has some work to do in terms of making EVs as easy and convenient as internal-combustion engines,” said Craig Giffi, Deloitte’s vice chairman.The onslaught of new EVs coming could actually help solve the problem. Until now, most EVs other than Tesla’s have been boring “compliance cars” aimed at meeting tougher regulations, said Greg Brannon, director of automotive engineering at AAA, which just conducted a survey that found 96% of EV owners would buy another because the experience was better than expected.“Most people are looking for a crossover utility vehicle these days,” Brannon said. “Now, we’re seeing some of those coming, and that’s what it’s going to take. It has to be something people want to drive and can get excited about.”The pickup segment, home to the three best-selling models in the U.S., is about to get jolt, too. Musk caused a sensation with the unveiling of the Cybertruck in November. Ford has an electric truck under development recently filmed towing 1 million pounds of loaded rail cars. And Amazon.com Inc.-backed Rivian Automotive Inc. plans to roll out its R1T starting late this year.But for all the hype about the chips automakers are pushing forward on the table, it’s unclear when or if their gamble will pay off.“Somebody’s got to buy these things,” said Toyota’s Carter. “There is a market. The question is: How big and when will it mature?”\--With assistance from David Welch, Gabrielle Coppola, Chester Dawson and Melinda Grenier.To contact the reporter on this story: Keith Naughton in Southfield, Michigan at knaughton3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Dimitra Kessenides at dkessenides1@bloomberg.net, Keith NaughtonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Shanghai's mayor orders city's bureaucrats to undergo a culture change in charm offensive to attract foreign investments
    South China Morning Post

    Shanghai's mayor orders city's bureaucrats to undergo a culture change in charm offensive to attract foreign investments

    The mayor of China's commercial hub has instructed Shanghai's bureaucrats to undertake a change in their work culture, as he cites Tesla's US$2 billion Gigafactory in the city as proof that an investor-friendly attitude helps attract foreign investments.Officials in the local authority should behave like attendants at a retail store, rather than bureaucrats with power to approve projects, said Ying Yong, at the conclusion of the Shanghai legislative meeting."By improving the business environment, the local government departments are supposed to act as shop assistants to serve foreign investors," Ying said. "Authorities must not be arrogant and intimidating, but need to be responsive to foreign investors' requests."Shanghai's government is making fresh overtures to woo foreign investments and talent to spur the city's development, two decades after China became a member of the World Trade Organisation (WTO). The Chinese economy has expanded 11-fold in US dollar terms since 2000, but the rush by foreign investors has tapered off, amid complaints of red tape, unfair competition, operational barriers and the lack of intellectual property protection.Shanghai's Mayor Ying Yong, speaking during an April 22, 2019 meeting in Shanghai. Photo: SCMP alt=Shanghai's Mayor Ying Yong, speaking during an April 22, 2019 meeting in Shanghai. Photo: SCMPShanghai's gross domestic product, which expanded 6 per cent last year at the low end of the local government's target of between 6 per cent and 6.5 per cent, needs foreign capital to keep the city of 20 million residents growing at the current pace.After Beijing and Washington signed the phase one trade deal last week, Shanghai is determined to lure more foreign capital to increase its economic might worldwide, said Yin Ran, a Shanghai-based angel investor dealing with the manufacturing sector.Tesla vehicles on an assembly line at its Gigafactory in Shanghai on Tuesday, January 7, 2020. Photo: Xinhua via AP alt=Tesla vehicles on an assembly line at its Gigafactory in Shanghai on Tuesday, January 7, 2020. Photo: Xinhua via AP"As the local government draws foreign investment in a humble manner, global investors also expect China to remove other investment barriers to give them a full market access," he said. "They need to see more successful stories like Tesla."To reverse the decline and draw foreign investments to offset the slowest economic growth pace in three decades, China's government is going on a charm offensive to ease investors' concerns.The Shanghai authority in particular rolled out the red carpet for Tesla. The carmaker operates the first " and so far, sole " wholly foreign-owned assembly in China, while every other foreign carmaker from Ford Motor to Volkswagen needs a 50 per cent Chinese partner. The carmaker is also entitled to subsidies on its car prices, and had access to preferential loans from several Chinese state banks. The government also stepped in to cut red tape for the carmaker.Tesla's Gigafactory in Shanghai on December 2, 2019. Photo: Reuters alt=Tesla's Gigafactory in Shanghai on December 2, 2019. Photo: ReutersTesla said in late December that it would get up to 11.25 billion yuan (US$1.64 billion) of financing from four state-owned mainland lenders " China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China and Shanghai Pudong Development Bank " at rates that are below market-quoted rates published by the People's Bank of China.The 9 billion yuan loan carries an annualised interest rate of 0.7625 percentage point lower than the market-quoted rate published by the central bank, while the revolving loan of 2.25 billion yuan costs 0.425 percentage point below the market rate.With help of Shanghai authorities, Tesla's Gigafactory in Lingang delivered the first model to staff and customers within a year of breaking ground."Tesla's Gigafactory 3 took just one year to complete construction and [to] begin delivering the first batch of locally made cars to customers," Ying said during a press conference. "We hope to further improve our business environment and copy the 'Tesla model' to [be applied on] other foreign-invested projects."This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.

  • Benzinga

    Tesla Says Petition Claiming 'Unintended Acceleration' In Cars Brought By 'Tesla Short-Seller'

    The petition filed by an independent investor Brian Sparks, CNBC reported last week. Describing the preventative measures in Tesla vehicles, the statement noted that the independent position sensors in Models S, X, and 3, will cut off motor torque in case of any errors. If the brake and accelerator pedals are pressed at the same time, the brake will override the accelerator to avoid any accidents, according to Tesla.

  • Tesla Slams Acceleration Petition Brought by ‘Short Seller’
    Bloomberg

    Tesla Slams Acceleration Petition Brought by ‘Short Seller’

    (Bloomberg) -- Tesla Inc. fired back against a petition filed with U.S. regulators, saying in a blog post Monday that it’s “completely false and was brought by a Tesla short seller.”The National Highway Traffic Safety Administration is evaluating allegations that Tesla Inc. vehicles contain a defect that can cause sudden unintended acceleration, according to a notice posted on the agency’s website last week. The review was prompted by a petition asking the agency to open a defect investigation of some 500,000 Tesla vehicles over the alleged flaw. The petition cited 127 consumer complaints to the agency and claims of 110 crashes.The Palo Alto, California-based maker of electric vehicles said it investigates every incident where a driver “alleges to us that their vehicle accelerated contrary to their input.” In every case where Tesla had the vehicle’s data, it confirmed the car operated as designed, the carmaker said.“The car accelerates if, and only if, the driver told it to do so, and it slows or stops when the driver applies the brake,” Tesla said in the post.NHTSA, after a technical review, can either deny the petition or grant it and open a formal probe of the alleged issue. Any member of the public can petition NHTSA for a defect investigation, and many have been rejected by the agency.In October, NHTSA said it would evaluate a separate petition alleging that Tesla updated battery management software in response to a potential defect that could lead to fires.\--With assistance from Ryan Beene.To contact the reporter on this story: Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Pierre Paulden, Jonathan RoederFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tesla (TSLA): Does This Rally Still Have Legs?
    Zacks

    Tesla (TSLA): Does This Rally Still Have Legs?

    Does the most valuable US automaker have legs to continue its run after doubling in value in the past 3 months?

  • Top Stock Picks for the Week of Jan 20, 2020
    Zacks

    Top Stock Picks for the Week of Jan 20, 2020

    Tracey Ryniec and Kevin Cook take a look at two top Zacks Ranked stocks.

  • Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles
    Reuters

    Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

    The petition urged the agency to recall all Tesla vehicles, the Model S, Model X and Model 3, produced beginning in 2013. It cited media reports of crashes attributed to unintended acceleration and complaints filed with NHTSA.

  • Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon
    Zacks

    Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon

    Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon

  • Meritor's TransPower Buyout to Fuel Commercial EV Growth
    Zacks

    Meritor's TransPower Buyout to Fuel Commercial EV Growth

    Meritor's (MTOR) TransPower buyout in sync with the company's M2022 priorities that focus on new business opportunities, margin expansion and cost-containment initiatives.

  • Tesla moves a step closer to opening first European factory with German property deal
    Reuters

    Tesla moves a step closer to opening first European factory with German property deal

    U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday. The U.S. carmaker last November announced plans to build a giant factory in Gruenheide, in the eastern German state of Brandenburg, giving it the coveted "Made in Germany" label just as local rivals prepare to launch competing models. Tesla's board of directors approved a purchase agreement with the state of Brandenburg on Saturday to acquire a 300-hectare property, Brandenburg government spokesman Florian Engels said in a statement.

  • Financial Times

    SpaceX ‘supersonic abort test’ sets up manned mission

    SpaceX, the private space exploration company led by Tesla chief executive Elon Musk, successfully completed an emergency escape simulation in Florida that could allow it to launch Nasa astronauts into space as soon as March. Before Sunday’s launch, the two astronauts described the deliberate failure as “the final exam” and the “culmination of a ton of work from everybody at Nasa and SpaceX”.

  • Tesla Hits All-Time High Before Being Downgraded: Where to Now?
    TipRanks

    Tesla Hits All-Time High Before Being Downgraded: Where to Now?

    What is the most shorted stock on Wall Street, you ask? Just beating out Apple for the top spot, it is Elon Musk’s Tesla (TSLA). $14.5 billion have been borrowed by investors in order to bet against the electric car manufacturer, apparently.The news is not very surprising as Tesla is one of the most polarizing companies out there. Hardly ever out of the headlines, most Wall Street observers have an opinion on what the future holds for the automobile industry disruptor.Earlier this week, Tesla notched an all-time high, closing Tuesday’s session at $537.92. The figure rounds out an extraordinary six months that has seen Tesla leave behind 2019’s initial troubles and virtually double its share price since the start of October. So, where is Tesla headed? This week, analysts have been throwing the hat in, offering takes on the electric vehicle company from all possible angles, with the most recent rating being a downgrade. In this article, we’ll take a look at three different ratings from the analysts.The SellRunning with the bears is Morgan Stanley’s Adam Jonas. Today, the 4-star analyst downgraded his rating on TSLA from Hold to Underweight, although he did raise his price target from $250 to $360. The new target implies downside of 29%. (To watch Jonas’ track record, click here)While acknowledging Tesla’s delivery beats and the progress of the company’s massive production facilities in China, Jonas believes Tesla’s recent surge is unsustainable. Jonas said, “Near-term momentum and sentiment around the stock is admittedly very strong, but we ultimately question the sustainability of the momentum… We believe the current share price discounts a fully ramped up China, Berlin and Model Y."The HoldSitting in the middle seat of the Tesla debate is Deutsche Bank’s Emmanuel Rosner. Rosner highlights Tesla’s recent 4Q19 vehicle delivery figures which beat consensus expectations across the board; In the fourth quarter, Tesla delivered 112,000 units, exceeding the Street’s estimate of 106,000 and totaling 367,000 for the whole year. The number is within the boundary of the company’s yearly guidance, which called for between 360,000 – 400,000 units. It also provides a 50% increase over 2018 figures.Rosner said, “We believe this new solid quarter of deliveries could further put to rest investor concerns around softening demand for Tesla’s product. While bears will likely argue 4Q deliveries benefited from strong purchases ahead of tax credits expiring in various countries, Tesla is just about to start deliveries of locally made Model 3s in the very large China market, at an attractive price point.”Bearing this in mind, Rosner kept his Hold rating on Tesla as is but bumped his price target up to $455 from the previous target of $290. The target, though, still implies downside of 11% over the next year. (To watch Rosner’s track record, click here)The Buy After Tesla’s stock hit a high point, is it time to sell? Not according to Jefferies’ Philippe Houchois, who believes Tesla is likely to start turning a profit this year and, therefore, selling at the present valuation will be a mistake. Houchois argues that present consensus estimates are “reasonable and conservative”, with Tesla standing to gain not only from car sales but also from products such as power storage and third-party battery sales. The company’s upcoming Q4 report in which it will lay out its financial plans for more factories and other capital-heavy costs will be “critical”, adds the analyst.So, what does it mean? It means Houchois kept his Buy rating but increased his price target to $600. The new target implies upside of 18%. (To watch Houchois’ track record, click here)The View from the StreetWhat does the rest of the Street make of Tesla’s prospects, then? 7 Buys, 7 Holds and 12 Sell ratings coalesce into a Hold consensus rating. The bears currently have the momentum, though, as the average price target comes in at $364.69 and indicates potential downside of 29%. (See Tesla price targets and analyst ratings on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • 'You're stealing our water': Germans protest against Tesla gigafactory
    Reuters

    'You're stealing our water': Germans protest against Tesla gigafactory

    Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.

  • Benzinga

    Bulls And Bears Of The Week: IBM, Microsoft, Tesla And More

    Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software leader and a discount airline. Bearish calls included an electric vehicle giant ...

  • Benzinga

    Barron's Picks And Pans: Apple, Boeing, Disney, Tesla And More

    This weekend's Barron's cover story explains why Dow 30,000 is just the start. Other featured articles offer a close look at stock picks from some Barron's Roundtable panelists. Also, the prospects for ...

  • "You're stealing our water": Germans protest against Tesla gigafactory
    Reuters

    "You're stealing our water": Germans protest against Tesla gigafactory

    Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.

  • These stocks soared even as the companies lost money — here’s why that’s not as crazy as it sounds
    MarketWatch

    These stocks soared even as the companies lost money — here’s why that’s not as crazy as it sounds

    DEEP DIVE The monetary forces that have helped feed the bull market are so strong that scores of stocks have risen significantly over the past year even as the companies themselves have been losing money.

  • Barrons.com

    Letters to Barron’s

    Letters on politics and the market, the job market, fiscal vs. monetary policy, Apple, Tesla, and Amgen

  • Barrons.com

    Tesla Shares Have Been on an Incredible Run. But That’s No Reason to Feel You’ve Missed the Bus.

    If you believe that electric-vehicles have a lot of growth ahead of them, then you still have an opportunity with Tesla, But control your risk by buying on the dips and selling on the rises.

  • GlobeNewswire

    Tesla Announces Date for Fourth Quarter and Full Year 2019 Financial Results and Webcast

    PALO ALTO, Calif., Jan. 17, 2020 -- Tesla will post its financial results for the fourth quarter and full year ended December 31, 2019 after market close on Wednesday, January.