TSLA Jan 2021 245.000 call

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 9:51AM EDT. Market open.
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Previous Close64.17
Expire Date2021-01-15
Day's Range64.17 - 64.17
Contract RangeN/A
Open InterestN/A
  • Saudi Aramco Is the WeWork of Energy

    Saudi Aramco Is the WeWork of Energy

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

  • Barrons.com

    Tesla and 4 More Earnings Announcements to Watch This Week

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

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

    Earnings extravaganza — What to know in the week ahead

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

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

    The U.S. Doubles Down On Domestic Lithium Production

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

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

    Tesla speeds toward unpleasant earnings turn, Boeing faces tough questions

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

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

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

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

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

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

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

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

    Could the Model Y Change Tesla’s Profit Game?

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

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

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

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

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

    Can Ford Challenge Tesla with Its EV Charging Network?

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

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

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

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

  • Barrons.com

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

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

  • Auto Stock Roundup: Ford Q3 China Sales Dip, Tesla Q3 UK Sales Hit a Record & More

    Auto Stock Roundup: Ford Q3 China Sales Dip, Tesla Q3 UK Sales Hit a Record & More

    While Ford's (F) sales in China fall 30.3% year over year in Q3, Tesla takes the U.K. market by storm with record deliveries of 6,244 vehicles.

  • Knocking on The Door of Earnings, Tesla Stock is Accelerating

    Knocking on The Door of Earnings, Tesla Stock is Accelerating

    On Thursday, Oct. 17, Tesla (NASDAQ:TSLA) stock gained 0.85%. For a stock as volatile as Tesla, that's not much and volume in shares of the electric carmaker on that particular day was well below average.Source: Ivan Marc / Shutterstock.com However, that was the ninth consecutive day Tesla stock closed higher. That modest Oct. 17 showing added to the shares' gains above the critical 200-day moving average, a technical indicator the stock hadn't closed above since late in the first quarter.Recent bullishness in Tesla stock is notable on several fronts, not the least of which is the fact founder and CEO Elon Musk, an executive with penchants for the bombastic and erratic, has recently been, well, less erratic. Moreover, this nine-day winning streak comes after the shares were drubbed earlier this month following disappointing third-quarter delivery numbers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor the June through September quarter, TSLA delivered 97,000 new automobiles. That was above the consensus estimate of 94,000, whereas investors were whispering about a six-figure tally. Hence, the disappointment and subsequent sell-off in Tesla stock. * 7 Reasons to Buy Canopy Growth Stock The silver lining with Tesla's slack third-quarter delivery number is that the figure is out in the open, making it somewhat unlikely that investors will severely punish the stock following the Oct. 23 earnings update. What's Important Now Regarding TSLA StockWhat's vital to the near-term fortunes of Tesla stock is Musk and management articulating a return to profitability. Remember that in the second quarter, Tesla sold more cars than expected, but somehow, it made less money. Put simply, this not the environment in which investors will forsake profitability in the name of growth and that is true across myriad industries.If Tesla can right its profitability ship, it can be argued that there's a "right place, right time" factor at play here because the climate change debate continues gaining momentum. That could help Tesla stock over the long-term. A recent Northwestern University study highlights the role electric vehicles can play in fighting climate change."In contrast to many of the scary climate change impact stories we read in the news, this work is about solutions," said Northwestern's Daniel Horton, senior author of the study. "We know that climate change is happening, so what can we do about it? One technologically available solution is to electrify our transportation system. We find that EV adoptions reduces net carbon emissions and has the added benefit of reducing air pollutants, thereby improving public health."Adoption is critical and for Tesla stock, that's another moving part thesis. Tesla is essentially a luxury car company, so it needs car buyers to buy electric, decide they like electric and then trade up to TSLA because at Tesla's price points, it's an aspirational, not everyday brand. A recent University of Virginia study confirms that tax incentives play a critical role in drivers embracing electric vehicles."Our analysis shows that both federal and state tax incentives positively impact preference for electric vehicles and the provision of public fast charging infrastructure is especially key for increasing adoption of battery electric vehicles (and slightly less important for plug-in hybrid electric vehicles, which can operate in hybrid mode using gasoline once the all electric range is depleted)," according to the UVA study. Bottom Line on Tesla StockOver the next few years, electric vehicle adoption is poised to increase in significant fashion, indicating that with Tesla stock still about 30% below its all-time high, there is some "value" to be had in the name for risk-tolerant investors. However, value is in the eye of the beholder because Tesla stock trades at almost 62x forward earnings.In order for Tesla stock to be a long-term winner, Musk needs to boost margins and surprise, not disappoint on deliveries because headwinds are abound."Tesla will have growing pains, possibly recessions to fight through before reaching mass-market volume, and increased its debt levels by acquiring SolarCity to become a vertically integrated sustainable energy company," according to Morningstar. "It is important to keep the hype about Tesla in perspective relative to the firm's limited production capacity. Tesla's mission is to make EVs increasingly more affordable, which means more assembly plants must come on line to achieve annual unit delivery volume in the millions."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Knocking on The Door of Earnings, Tesla Stock is Accelerating appeared first on InvestorPlace.

  • Is Ford's Charging Network a Headache for Tesla?

    Is Ford's Charging Network a Headache for Tesla?

    Ford's charging network will help competition heat up, but there can be positive kickbacks.

  • Can Electric Vehicles Save Ford Stock?

    Can Electric Vehicles Save Ford Stock?

    If you're buying Ford (NYSE:F) stock today, you're speculating on a big future for electric cars.Source: Art Konovalov / Shutterstock.com Ford is planning to show an electric crossover SUV at an auto show early next year. It is building a network of 12,000 charging stations for it, and future electric vehicles. It will call its network FordPass.The new Mach E will have Mustang styling, a 300-mile range and a Tesla (NASDAQ:TSLA) price of about $40,000. If that sounds high, consider that a 2018 Ford F-250 pick-up truck was selling today on Carvana (NYSE:CVNA) for $45,000.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFord has bet $11 billion on electrics and hybrids under the name Project Edison. The Mach E will be the first of 16 electric vehicles it hopes to introduce by 2022. Within three years most of Ford's product line will have electric versions. Electric Vehicles Are the FutureThe electric car market is growing. So far most of the growth is in China. The U.S. had 209,000 electrics delivered in the first half of the year, one-third of them were Tesla models. * 7 Reasons to Buy Canopy Growth Stock But there may be as many as 40 different electric models on the road by 2025. Ford is betting a common platform it has endorsed with Volkswagen (OTCMKTS:VLKAY) will give it a leg-up on both electric and self-driving vehicles. Ford CEO Jim Hackett has called this the "biggest shift in in transportation" since Henry Ford's Model T.When the Model T came out in 1908 there were electric cars on the road. But the U.S. electric grid was still primitive, still mostly used for lighting. Gasoline was cheap, plentiful and easily available. That's why the charging network, and self-charging kits Ford will produce for the home, are so important. A Skeptical MarketThe stock market doesn't believe any of this. Since Hackett became CEO in May 2017 Ford stock is down 16.6% while the Dow Jones Industrial Average is up 28%. Even General Motors (NYSE:GM) is up 9%.Ford continues to earn its 15 cents per share dividend most of the time, but the yield on that dividend is up to 6.6%, an indication the market doesn't consider it sustainable. A string of poor quarterly results, including the June quarter's 4 cents per share income, have the price-to-earnings ratio up over 16. Ford's stock recently bounced off a 10-year low and opens for trade Oct. 18 at about $9.09 per share.Ford is next expected to deliver earnings on Oct. 23, with 26 cents per share expected on revenue of $34.1 billion. Right now, Ford stock is selling for barely one-fourth its annual revenue. By contrast retailer Kohl's (NYSE:KSS) sells for about half its revenue.With the end of the GM strike in sight, Ford faces tough negotiations with the United Auto Workers, who will see the GM numbers as a benchmark.Ford is also being hit by the U.S.-China trade war. Its sales in China dropped 30% in the third quarter. The Bottom Line on Ford StockDespite all the bad news, more hedge funds have been buying Ford shares recently. There are even some analysts serving small investors who recommend the stock in the near term. Its big pick-up trucks and SUVs continue to sell, and the U.S. consumer remains flush, giving it a bridge to the electric future.I've had Ford in my own retirement account, but the fall of the stock price didn't make up for the dividend. I lost money and got out. Despite an incredible yield, Ford is still a speculation.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 danablankenhorn@gmail.com 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 * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Can Electric Vehicles Save Ford Stock? appeared first on InvestorPlace.

  • What's in the Offing for Ford (F) This Earnings Season?

    What's in the Offing for Ford (F) This Earnings Season?

    While higher revenues in the North American market are likely to have benefited Ford (F), lower vehicle deliveries in China, Europe and Asia Pacific regions might have hampered profits.

  • Zacks Value Trader Highlights: MasTec, Macy's, Kansas City Southern, Allstate and Tesla

    Zacks Value Trader Highlights: MasTec, Macy's, Kansas City Southern, Allstate and Tesla

    Zacks Value Trader Highlights: MasTec, Macy's, Kansas City Southern, Allstate and Tesla

  • Benzinga

    Report: NASA Paid $5M For SpaceX Employee Review After Musk's On-Camera Toke

    The joint that  Tesla Motors, Inc. (NASDAQ: TSLA ) and SpaceX CEO Elon Musk hit during an interview on "The Joe Rogan Experience" podcast cost taxpayers $5 million.  What Happened NASA ordered ...

  • Tesla Earnings: What to Look For From TSLA

    Tesla Earnings: What to Look For From TSLA

    Tesla reports Q3 2019 earnings after the market closes on Oct. 23. Can they ramp up their vehicles delivered?

  • Tesla Gets Clearance to Begin Production in China Gigafactory

    Tesla Gets Clearance to Begin Production in China Gigafactory

    Tesla (TSLA) intends to produce at least 1000 Model 3 units per week in the Gigafactory to strengthen sales in China.

  • Tesla Stock Looks Like It’s on the Verge of Another Breakout

    Tesla Stock Looks Like It’s on the Verge of Another Breakout

    Tesla (NASDAQ:TSLA) has become the ultimate battleground stock. Both bears and bulls are very emotional when it comes to Tesla stock. Many resort to irrational claims and ideas as they dig their heels in.It's been a vicious environment, and guess what?Source: Ivan Marc / Shutterstock.com Neither side has been right!InvestorPlace - Stock Market News, Stock Advice & Trading TipsTSLA stock is flat over the past 12 months and up about 13% over the last five years. A month ago, that five-year return was approximately 0%.Compare that to the S&P 500 ETF (NYSEARCA:SPY), which is up 8% in the past year and roughly 60% in the past five. * 7 Reasons to Buy Canopy Growth Stock There's a serious disconnect here for both parties. Tesla has neither gone to the moon like bulls thought, nor has it gone to zero like seemingly every perma-bear has pleaded.So what now? Breaking Down Tesla StockFor me, Tesla is one of those "look, don't touch" stocks. Meaning, it's an exciting and entertaining company to follow, but not necessarily a stock I want to put my money in. It has a polarizing CEO and state-of-the-art cars, but it also has a problem generating free cash flow, while that polarizing CEO can run afoul at times.After a capital raise earlier this year, Tesla is well funded. It can finish building out its Gigafactory in Shanghai and pour more funds into expansion and product development. But if it can't generate consistent free cash flow and profits, then what good is TSLA from an investment perspective?Then there's consideration from a valuation perspective. TSLA shares are anything but cheap. At current prices, Tesla stock commands a $46 billion market cap. That's about two times 2019 sales. However, valuing TSLA on cash flow and profits is a bit harder, since they are inconsistent at best and non-existent at worst.In my view, Tesla has more upside than companies like General Motors (NYSE:GM), Ford (NYSE:F) and others. That does not mean it has a superior business model or financials. But even if Tesla does grow into its potential, how much room does its valuation allow the stock to expand?Perhaps one could make an argument that TSLA may command a valuation like Ferrari (NYSE:RACE). But Ferrari is an automaker unlike most others. It does not aim for the masses and has a very passionate customer base. Tesla too has a passionate customer base, but it is aiming for the masses.For Tesla, it really boils down to consistency. It needs to consistently expand (or maintain) margins, its free cash flow and profits.Without consistency in its fundamentals, Tesla, at least to me, is simply a company to cheer for but not one to invest in at this time. Automakers are tough investments to begin with and the volatility in Tesla's financials doesn't help matters. Trading Tesla StockTSLA stock is coiling just beneath $260. On the charts, that lands it just below a critical level over the last seven months but puts it over the 200-day moving average and 61.8% retracement.While the stock fell about 50% from peak to trough, the decline didn't give bears the satisfaction they were looking for. Particularly now that TSLA has bounced back by more than 45%.After the latest rally, both camps seem convinced the next "big move" will be in their favor.If TSLA can move back over $260, it puts the 50% retracement near $278 on the table. Above that and $300 is possible.It's worth pointing out that Tesla stock is over the $240 to $250 zone, which is a critical long-term area as it was range support for a number of years before giving way in April.Should the 200-day, $260 and the 61.8% retracement prove too difficult for TSLA to penetrate, let's see if uptrend support (blue line) and the 50-day moving average can buoy the name. Below that and the 78.6% retracement near $220 is on the table.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 * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Tesla Stock Looks Like It's on the Verge of Another Breakout appeared first on InvestorPlace.

  • Wall Street eyes Tesla ahead of Q3 earnings
    Yahoo Finance Video

    Wall Street eyes Tesla ahead of Q3 earnings

    Tesla is reporting earnings next week. The company has quietly made some changes to its return policy and also added a non-refundable $100 order fee. Ahead of Tesla's earnings, Wall Street continues to question when the electric vehicle maker will become profitable.

  • UAW officials vote to extend strike
    Yahoo Finance Video

    UAW officials vote to extend strike

    46,000 GM workers will continue to protest as they digest a proposal to raise wages and cap health costs, while also closing four U.S. Plants. Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Rick Newman discuss on The First Trade.