TSLA Jun 2020 370.000 call

OPR - OPR Delayed Price. Currency in USD
6.50
0.00 (0.00%)
As of 9:30AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close6.50
Open6.50
Bid6.45
Ask6.75
Strike370.00
Expire Date2020-06-19
Day's Range6.50 - 6.50
Contract RangeN/A
Volume1
Open Interest163
  • Tesla Stock: Capital Structure Analysis
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  • Junk Bond Market Signals WeWork to Look Elsewhere for New Cash
    Bloomberg

    Junk Bond Market Signals WeWork to Look Elsewhere for New Cash

    (Bloomberg) -- WeWork has an ambition to copy Netflix in one regard: sell junk bonds -- lots of them -- to fund its expansive growth plans.Netflix Inc., and a small group of other unprofitable companies such as Uber Technologies Inc., have managed to become darlings of the high-yield market even though they’re burning through cash.But for now, bond investors are signaling to WeWork that coming back to the high-yield credit market would be costly. And that could present a major challenge to the office-sharing company’s expansion hopes now that its initial public offering is on hold until at least October.The market’s verdict was delivered Tuesday morning when WeWork’s bonds sunk the most on record. Yields shot up to 8.5%. That’s around a percentage point more than a comparable offering from even lower-rated Tesla Inc.The IPO delay has left investors guessing where WeWork might turn for much-needed cash, short of another injection from backer Softbank Group Corp. WeWork was seeking to raise more than $3 billion in the IPO, and has another $6 billion in credit financing lined up if the offering was successful.But in the face of widespread concern over its financial model, the company’s valuation has plummeted, to $15 billion or less. That will make any new debt taken on by WeWork all that more riskier, said Arnold Kakuda, a senior credit analyst at Bloomberg Intelligence.“If they continue to grow, they’re going to need more and more financing,” Kakuda said. “There’s risk if this market capitalization is so low and yet they have so much debt.”WeWork’s $669 million of junk-rated bonds due in 2025 dropped as much as 7.3 cents on the dollar to 95.5 cents Tuesday in New York, according to the Trace bond-price reporting system. They’ve since pared back some of those losses to trade around 97 cents on the dollar.Riskier CreditAt current levels, the market prices WeWork’s debt between the B and CCC ratings tiers. Both Fitch Ratings and S&P Global Ratings give the debt B range grades. Compared to Netflix, which is rated a tier higher, with the third-highest junk grade from ratings companies, it’s a riskier credit.The potential problem for WeWork is that companies with riskier credit ratings -- or those that trade in line with them -- can have trouble maintaining regular access to the credit markets. In times of turbulence, investors typically cut those companies off first. Less than 10% of new junk bonds this year have been sold by CCC rated companies. (Uber has found success selling bonds that carry a CCC+ grade from S&P.)Read more from Bloomberg Intelligence: WeWork: Potential Early Redemption For BondsVicki Bryan, chief executive officer of Bond Angle, a high-yield credit research company, said in a report Tuesday that she could still see WeWork issuing more junk bonds, given how hungry investors are for yield in a world with $13.8 trillion of debt with negative interest rates. But she’s skeptical that the debt would be a good buy.“Just because the company needs fresh cash, pronto, doesn’t mean it’s a good idea for investors to oblige,” Bryan wrote. “Upside potential is limited at best versus downside risk.”She recommended selling the bonds at their Monday level of about 102.8 cents on the dollar, saying the bonds could plunge 10 to 15 cents if the company falters further.If the IPO fails, WeWork’s best back-up plan to keep growing might be more cash from Softbank Group, Kakuda said. The Japanese telecom giant made its last investment in WeWork, renamed We Co., at a valuation of $47 billion and the company and its affiliates hold about 29% of WeWork stock.WeWork has said it could become profitable faster if it slows its expansion plans. But it’s clear the company badly needs cash. S&P Global Ratings has estimated that the company will add 725,000 new desks next year at a cost of about $4.5 billion -- and will likely need to raise cash to fund its 2020 goals.To contact the reporter on this story: Claire Boston in New York at cboston6@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Larry Reibstein, Dan WilchinsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Can Tesla Stock Investors Trust Elon Musk?
    InvestorPlace

    Can Tesla Stock Investors Trust Elon Musk?

    There's not a stock in the market with a more pitched bull and bear divide than Tesla (NASDAQ:TSLA) stock. Bulls cite a massive growth opportunity -- and a company that can help improve life on Earth. Bears point to the company's lack of profitability, a long list of broken promises and an arguably inflated valuation.Source: Hadrian / Shutterstock.com I've long leaned toward the bearish side of the argument (and taken bearish option positions in the stock, though I'm currently on the sidelines) for one simple reason: I don't trust its management. That concern isn't really based on the arguments over the infamous "funding secured" tweet and the still-lengthening list of broken promises.Rather, it comes down to the fact that auto manufacturing is a notoriously difficult and capital-intensive business. As both TSLA bulls and bears will point out (for very different reasons), among U.S. manufacturers, only Tesla and Ford (NYSE:F) have never gone bankrupt.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet Tesla, drama aside, has hardly executed well -- or, in my opinion, been managed well. The company announced in late February it was closing all its stores, then reversed field two weeks later. Prices constantly move around. The decision to avoid model years has created issues in parts and services. This is too difficult an industry to not have detailed strategies and top-notch execution.TSLA bulls for the most part have been forgiving, and chosen to put their faith in CEO Elon Musk. At this point, I wonder whether it's still possible to ignore his critics. Do You Believe in Robo-Taxis?At Tesla's Autonomy Day in April, Musk said the company was on its way to fully autonomous driving. He announced that the company would have 1 million "robo-taxis" on the road by the end of 2020.Musk doubled down on that claim on an investor call a little over a week later. He told listeners that in three years existing Tesla models would be worth $150,000-$250,000. In July, that figure came down a bit, but on Twitter Musk still put the value at $100,000-$200,000. * 7 Momentum Stocks to Buy On the Dip So a key question for anyone considering Tesla stock is this: Do you believe those claims?Few do. TSLA stock actually declined 4% in trading on the day of the Autonomy Day (though, to be fair, it regained those losses the following session). Noted TSLA bull Gene Munster of Loup Ventures said in the context of Apple (NASDAQ:AAPL) that "autonomy is going to take longer than people think." Most auto executives believe it will be at least a decade. Autonomy leader Waymo, a unit of Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), believes it's even further away.In fact, it certainly doesn't seem like Tesla itself believes its CEO. After all, the company is cutting the price of both the Model 3 and the Model Y. Why, exactly, is Tesla selling "appreciating assets," as Musk termed them, for 40% of the company's low estimate of their value? Tesla closed the second quarter with $5 billion in cash. Surely, it could lower deliveries and either sell the cars at a bigger profit or keep them for an in-house fleet.After all, Tesla is guiding for total production of 10,000 units a week by the end of the year. 500,000 units annually at $100,000 each would be worth $50 billion. That's roughly equivalent to Tesla's current enterprise value. What Does That Mean for TSLA Stock?The dubiousness of Musk's claims in turn leads to another question: Can an investor buy Tesla stock if he or she doesn't believe the CEO?Obviously, many investors believe the answer is "yes." Tesla has a large retail shareholder base. Institutions -- and Wall Street analysts -- in many cases have stuck behind the company, and behind TSLA stock.And maybe the opportunity is such that the stock is worth the risk. After all, an investor could plausibly argue that even if Musk is exaggerating, TSLA stock still has upside. If the robo-taxis are worth $50,000 and won't arrive for a few years, that still suggests potentially higher prices down the line.That might be true. But remember: This is a brutally difficult industry. It requires huge amounts of capital (as Tesla has learned). It requires execution and strategy that are on point.And Musk is making what appears to be a ridiculously optimistic claim about something that is a big part of the Tesla business model -- and the bull case for Tesla stock. This isn't random musing about life on Mars. The 1 million robo-taxis by next year claim was made at an event specifically designed to highlight the company's plans in autonomy. It wasn't an off-hand remark made on an earnings call or at a conference.From here, if an investor can't believe that goal, that investor can't, and shouldn't, own Tesla stock. For now, many investors see it differently. That may not be the case forever.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Can Tesla Stock Investors Trust Elon Musk? appeared first on InvestorPlace.

  • Despite New Developments, Nio Stock Makes TSLA Look Stable
    InvestorPlace

    Despite New Developments, Nio Stock Makes TSLA Look Stable

    Nio (NYSE:NIO) stock has seen a nice rebound since the start of September. The Nio stock price has bounced from a low of $2.58 on September 3 to $3.12 at the close September 16. With new financing in place, Nio could hang on as it pursues the path to profitability.Source: xiaorui / Shutterstock.com But is a turnaround realistic?Tesla (NASDAQ:TSLA) will soon open its Shanghai facility. The Chinese EV market is an opportunity, but Nio does not appear to have a clear-cut edge.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks You Should Avoid Now Will the company survive and thrive? The future has yet to be written. But given the valuation of Nio stock, investors should continue to practice caution. Recent Developments With Nio StockWhether you are a Nio stock bull or bear, you can't deny one thing: The company needs cash. Earlier this month, the company raised $200 million via a convertible debt offering. The buyers were Chinese conglomerate Tencent Holdings (OTCMKTS:TCEHY) and Nio's own CEO, William Li. The convertible notes come in two tranches. The first tranche matures within a year, and is convertible at $2.98 per share. The second tranche matures in three, and is convertible at $3.12/share. This successful financing helped to push up the Nio stock price. As I have discussed previously, financing is of big importance to Nio. The company not only loses money on an operating basis, but posts negative gross margins as well. The company is no stranger to convertible debt, raising $650 million last January using convertible notes. But while convertible debt is a cheap, it is dilutive. If NIO does manage to turn itself around, much of the upside will be soaked up by bondholders exercising their conversion rights.The other major morsel of news was the China-U.S. trade talks. The two countries plan to resume high-level trade talks in October. The trade war affects the company, but not in a direct way since its core market is domestic. China's economy continues to cool. The last thing it needs is a trade war that exacerbates these growth concerns. With a slowing economy, EV makers will have a tough time selling their vehicles. With the Chinese government cutting EV subsidies, demand will continue to slack for the company's E6 and E8 vehicles.This means NIO stock's bounce back may be a short lived. While the Nio stock price has fallen ~70% from all-time highs, shares remain overvalued. Competition Makes NIO's Valuation Mind-BogglingNio stock is overvalued. There's no two ways about it. With the company unprofitable, the only usable metric is the enterprise value/sales (EV/Sales) ratio. The stock currently trades at an EV/Sales ratio of 4.2. Compare this to Tesla, which trades at an EV/Sales of 2.2.Why pay a premium when you get get Chinese electric vehicle (EV) exposure with TSLA? Yes, Nio stock is more likely to see parabolic growth due to its size. Tesla is too big to see a 500% or 1000% return if all catalysts play out. But at least Tesla has positive gross margins. Nio continues to sell cars for less than their production cost. Its hard to see how that will play out favorably.Protectionist policies may favor NIO over foreign-owned EV brands like Tesla. But what's to say they have any particular edge over other Chinese companies? There are scores of other automakers making electric vehicles in China. Take a look at this chart of Chinese EV sales in May. The top dogs are BAIC, BYD (OTCMKTS:BYDDF), SAIC, JAC, and Chery. With the exception of BYD, all of these are state-owned enterprises. The state-owned Chinese automakers have the scale and resources to one day build EVs profitably. I could see Nio eventually getting absorbed by one of the state-owned Chinese automakers. Nio already builds its vehicles in a JAC-owned facility.High investor exceptions prop up the Nio stock price. But if more bad news comes out of the company, these speculators could make a run for the exits. Nio Stock Remains a Hard PassThere is too much risk and not enough opportunity with Nio stock. The company's losses require additional capital infusions. Until the next earnings release (on September 24), investors remain in the dark about the company's cash position. But despite these risks, shares remain overvalued. The Nio stock price continues to imply the automaker will be a major player. But there is little to suggest they have an edge against state-owned automakers, or foreign brands such as Tesla.The stock remains a hard pass. While it is possible shares could rally on better-than-expected performance, shares could easily nosedive if results are worse than projected. There is nothing wrong with paying a premium for a company going places. But NIO is not exactly setting the world on fire. * 7 Momentum Stocks to Buy On the Dip Consider opportunities elsewhere, and avoid Nio stock.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securitiesThe post Despite New Developments, Nio Stock Makes TSLA Look Stable appeared first on InvestorPlace.

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  • 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.

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    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.

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

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    Why Tesla Seems to Be Struggling with Q3 Deliveries

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  • 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.

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    Investor's Business Daily

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  • 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.