|Day's Range||0.3600 - 0.5500|
Jefferies Group raised its target price on Tesla shares from $300 to $400 to reflect Tesla’s high earnings and ability to keep its edgee. Jefferies sees a strong foundation for Tesla to grow in 2020.
Tesla is debuting its first cars manufactured in China. The cars were built in Tesla’s new Shanghai Gigafactory. This Shanghai plant is making the cars in small quantities, and is working with local authorities to get manufacturing certification by the end of the year, according to Tesla board chairperson Robyn Denholm.
Yahoo Finance’s Brain Sozzi, Emily McCormick and Jared Blikre is joined by Brown Brothers Harriman's Chief Investment Strategist, Scott Clemons, to discuss Disney, Uber and Walmart’s stocks and earning forecasts on The First Trade.
Tesla moved above 340.94 handle buy point, following price target hike and company showing off Model 3s made at Shanghai plant. Base was very deep, still a lot of overhead supply.
(Bloomberg) -- Tesla Inc. traded near this year’s high on Monday, with the electric carmaker’s post-earnings rally gaining momentum after Jefferies analyst Philippe Houchois set a price target that forecasts an additional 15% increase.The shares jumped as much as 3.6% to $349.19, touching the highest since Jan. 17. Houchois boosted his price target to $400 from $300, saying the company’s growth outlook is “clearing again.” That makes him the most optimistic after New Street Research’s Pierre Ferragu, who sees the stock climbing to $530, according to data compiled by Bloomberg. On average, analysts expect Tesla to fall to $273.Tesla’s third-quarter gross margin levels were consistent with sustained profitability, and “average selling prices should stabilize ahead of second-half 2020 improvements,” Houchois wrote in a note. The company’s growth outlook is clearing given growing credibility in its product cadence and deeper investment and integration of battery technology, the analyst said.Read more: Tesla PT Raised by 33% at Jefferies as Risk Profile ImprovingTesla also unveiled its first vehicles built in China, as the company prepares to start sales of domestically made electric sedans in the world’s largest auto market.Shares have gained 36% since Tesla’s third-quarter earnings release last month, after the company reported a surprise profit and said it was “highly confident” of reaching the lower end of its prior annual delivery forecast of 360,000 to 400,000 units. While regulatory filings later revealed that revenue in the U.S., its largest market, dropped almost 40% during the quarter, the market has largely shrugged it off.On Oct. 24, Tesla shares topped the average Wall Street price target for the first time since January, a gap that has since widened further.As the chart above shows, the spread between average analysts’ price target and Tesla’s share price turned negative in late October, as the price exceeded the average target, and the difference has been growing since then.To contact the reporter on this story: Esha Dey in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Richard Richtmyer, Tatiana DarieFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The latest Tesla earnings release has driven it into one of the strongest and fastest rallies in the stock's history, and it doesn't seem to be slowing. TLSA could be well on its way to surpassing its all-time high.
The Dow Jones today fell more than 150 points before rebounding off session lows. Microsoft, Tesla and Alibaba all hit key buy points.
Increased spending on cloud computing, artificial intelligence and cybersecurity is driving Corporate America to a digital transformation. The trend is boosting software stocks along the way.
Tesla Inc (NASDAQ: TSLA ) shares rose Monday after Jefferies boosted its target price on the stock along with a boost in its EBIT and per share earnings estimates in anticipation of revenue and earnings ...
The Dow Jones industrials fell more than 100 points on rising tensions in Hong Kong. Tesla stock is breaking out past a potential buy point.
Sales of electric and hybrid vehicles in China almost halved in October as the withdrawal of government subsidies and an economic slowdown cool the once red-hot market. Figures from the China Association of Automobile Manufacturers released on Monday showed that sales of new energy vehicles, which include hybrid and electric cars, were down 45.6 per cent on the same month last year at about 75,000 units. Boosting ownership of NEVs is crucial for China to achieve its stated aim of eventually banning petrol and diesel vehicles.
Tesla shares are climbing after the company unveiled the first vehicles built in China at its Shanghai gigafactory, which broke ground in January. The blue Model 3 sedans feature the Tesla name in Chinese lettering.
(Bloomberg) -- Tesla Inc. unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically made electric sedans in the world’s largest auto market.Assembled in Tesla’s new Shanghai Gigafactory, which broke ground in January, the first Model 3 sedans came in blue and were emblazoned with the brand name in Chinese characters. Select local media were invited late last week to test drive the vehicles, which start at about $50,000.China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test of Musk’s bid to prove his carmaker can sustain profitability as he bets on Chinese demand for electric vehicles.The plant is producing cars in small quantities as part of preparations. Tesla is working with local authorities to obtain manufacturing certification and hopes to get it by year-end, Chairman Robyn Denholm said last week in Shanghai.To contact the reporters on this story: Ville Heiskanen in Singapore at email@example.com;Chunying Zhang in Shanghai at firstname.lastname@example.orgTo contact the editors responsible for this story: Young-Sam Cho at email@example.com, Ville Heiskanen, Will DaviesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tesla’s Elon Musk fires off the latest volley in his the long-running feud with Greenlight Capital’s founder David Einhorn on Friday.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Benzinga continues to examine the prospects for many of the stocks most popular with investors. In "Uber Earnings Reinforce Analyst Bullishness," Elizabeth Balboa looks at why analysts remain optimistic about the prospects for Uber Technologies Inc (NYSE: UBER) despite its headwinds.
Siemens Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. "Amusing opinions in our country: When a German chief executive proactively orients his company toward the future, he is regarded as 'lofty' and 'philosophical'. Kaeser's statement sparked a lively debate on social media, with the Siemens CEO later seeking to clarify his comments.
Not all is good in EV Land. Nio, a Chinese electric-car manufacturer vying to become the next Tesla (TSLA) has fallen on hard times. Harley-Davidson (HOG) in mid-October briefly halted the production of its LiveWire electric motorcycle because of problems with charging the vehicle using low-voltage outlets (the ones found in your home or garage).
Let’s go back in time to June 2008, when Apple introduced the iPhone 3G. Nokia then was the world’s largest phone maker. What we did not know at the time was that Nokia was actually the largest dumb phone maker and that Apple was about to become the largest smartphone maker — a crucially important nuance.
David Einhorn, a prominent bear on (TSLA) stock, used an “f” word in his latest update for investors in his hedge fund, Greenlight Capital, accusing Elon Musk of “significant fraud” in a broader argument about his leadership of the electric-car company. At the same time, Musk appears to have been winning the argument since late last month. Einhorn is short Tesla shares, meaning he has borrowed the stock and sold those shares, betting that the price will fall.
Tesla Inc Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language. Einhorn on Oct. 30 had told his investors at Greenlight Capital that his fund had lost money on Tesla.