TSLA Jan 2021 330.000 put

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 1:02PM EST. Market open.
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Previous Close58.95
Expire Date2021-01-15
Day's Range58.95 - 60.22
Contract RangeN/A
Open InterestN/A
  • Tesla Picks Germany for European Gigafactory

    Tesla Picks Germany for European Gigafactory

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Elon Musk picked a glitzy event in Germany, a few hours’ drive from the birthplace of the internal combustion engine, to drop the news before some of the world’s biggest car bosses: Tesla Inc. plans to set up shop in their backyard.The billionaire chief executive officer announced Tuesday that Tesla will round out its global manufacturing network with a factory near Berlin. At a red-carpet awards ceremony attended by the heads of BMW AG, Volkswagen AG and Audi AG, he said the company will also establish an engineering-and-design center near the city’s new airport.“Some of the best cars in the world are obviously made in Germany,” Musk said while accepting a trophy for the Model 3, which beat out BMW and Audi sedans for midsize car of the year. He said the country is “not that far behind” in electric cars, while also acknowledging that the market for them is “unproven.”The news wasn’t completely out of left field — Musk has said before that Tesla would announce the location for a factory in Europe before the end of this year, and that Germany was a frontrunner. But it nonetheless bolstered the CEO’s flair-for-the-dramatic reputation. Fresh off a surprise profit report that sent Tesla shares surging, he threw down the gauntlet in front of rival executives that no longer dismiss his company as a niche automaker.“Elon Musk has an ability to make a splash,” said John Boyd, principal of an eponymous manufacturing site-selection firm based in Princeton, New Jersey. “Not only does Germany bring top-level manufacturing skill sets and positive supply chain dynamics to the table, but there is a cachet value to Tesla establishing a brick-and-mortar presence in Germany — a nation synonymous with precision car manufacturing.”Making a StatementMusk has until now relied on a single auto assembly plant in Fremont, California, to build a $63 billion company. That facility is supported by the first of the company’s so-called gigafactories near Reno, Nevada, that makes batteries. Tesla is on the verge of starting sales of Model 3s produced at its latest production facility, near Shanghai.While adding a European factory raises the stakes for established automakers already facing a serious threat from the electric upstart, it’s likely going to take time for the plant to get up and running. Musk estimated earlier this year that Tesla’s European gigafactory probably won’t be operational until 2021.“The Berlin location serves two unique goals,” said Gene Munster, a managing partner at venture capital firm Loup Ventures. “It’s strategic to lure German automotive talent to Tesla, and it’s a statement that Elon wants to one-up auto companies from that region.”The plant will be in Gruenheide, just over an hour’s drive from Berlin in eastern Germany, according to Berlin’s Tagesspiegel newspaper. Around 10,000 jobs will be created, Bild reported.Tesla’s modest presence in Berlin now includes a store and service center near the Schoenefeld airport, and showrooms near Potsdamer Platz and on the West Berlin shopping boulevard Kurfuerstendamm.While the future of Germany’s electric-car market looks crowded, the politics of shifting away from the internal combustion engine also are going to be messy. Daimler AG, the maker of Mercedes-Benz cars, is running into labor-union resistance over where future electric cars will be produced ahead of a critical meeting with investors Thursday in London. Audi, the biggest profit contributor to Volkswagen AG, faces similar fights over safeguarding employment at its main German factories that specialize in sedans and station wagons.Chancellor Angela Merkel’s government and local automakers have agreed to boost incentives for EVs, intensifying Germany’s effort to move away from the combustion engine to reduce exhaust emissions. Still, building vehicles in a country that has some of the highest labor and energy costs worldwide is bound to be a challenge. European customers also expect a network of dealers and repair shops to reliably handle maintenance and repair work, which Tesla has struggled with lately.“Tesla’s decision to establish an ultra-modern plant for electric cars in Germany is further evidence of the attractiveness of Germany as an auto industry location,” Economy Minister Peter Altmaier said in an emailed statement. “It’s a milestone in the development of electric mobility and battery know-how.”Demand BoostAdding production in Germany and China will probably help Musk boost Tesla’s sales in those regions, according to Kevin Tynan, a Bloomberg Intelligence auto analyst. “The sustainability of the demand will be more the question,” he said. “And if local competition becomes real competition, it will be more difficult.”The Berlin government announced last week that cash incentives will jump by 50% to as much as 6,000 euros ($6,680) per electric vehicle, with the auto industry covering half the cost. The changes will take effect this month and run through 2025.For Musk, choosing greater Berlin for a factory was “surprising but not fallacious,” said Ferdinand Dudenhoeffer director of Center for Automotive Research at the University of Duisburg-Essen. Battery-cell manufacturing requires space, infrastructure and subsidies, and the city is a good fit for a premium brand like Tesla’s, he said.Shortly after dropping the news, Musk sent out a pair of tweets to make sure it wouldn’t be missed by his 29.3 million Twitter followers. He said the factory will make batteries, powertrains and vehicles, beginning with the Model Y crossover unveiled earlier this year.Tesla shares finished the trading day in New York up 1.4% to $349.93, their highest close since December 2018. The stock has surged 37% since the company reported a surprise quarterly profit on Oct. 23.(Updates with factory details in ninth paragraph; German economy minister comment in 12th paragraph)\--With assistance from Gabrielle Coppola, Chris Reiter, Birgit Jennen and Iain Rogers.To contact the reporters on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net;Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net;Anthony Palazzo at apalazzo@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    FirstFT: Today’s top stories

    An FT analysis of 100 health websites, including WebMD, Healthline, Babycentre and Bupa, found that 79 per cent dropped “cookies” that allow third-party companies to track individuals. Google’s advertising arm DoubleClick was by far the most common destination, showing up on 78 per cent of the sites tested, followed by Amazon, on 48 per cent.

  • Benzinga

    Tesla To Open A 'Gigafactory' In Berlin

    “Everyone knows that German engineering is outstanding, for sure. Musk said that the factory will be located somewhere near the Berlin Brandenburg Airport, but didn’t divulge any further details, CNBC reported.

  • Electric-Car Maker Xpeng Raises $400 Million From Xiaomi, Others

    Electric-Car Maker Xpeng Raises $400 Million From Xiaomi, Others

    (Bloomberg) -- Chinese electric-car maker Xpeng Motors Technology Ltd. has raised $400 million from investors including technology company Xiaomi Corp., as it seeks a spot among China’s more serious contenders in the market.Private-equity firms and individual investors including founder He Xiaopeng also took part in the funding round, the company said Wednesday in a statement.The startup said in June it has produced 10,000 units of its G3 sport utility vehicle, putting it in competition with local rivals such as NIO Inc. and global competitors including Tesla Inc. in the world’s biggest EV market.Yet demand in China is sputtering, with EV sales falling for months since the government cut subsidies earlier this year. The slump has raised speculation among investors that only a small fraction of China’s aspiring electric-car makers will survive.Xpeng is working with Xiaomi in developing technologies connecting smartphones with vehicles. Xpeng’s backers also include ecommerce giant Alibaba Group Holding Ltd.The carmaker said it also secured “several billions” of yuan in unsecured credit lines from China Merchants Bank Co., China Citic Bank Corp. and HSBC Holdings Plc.To contact the reporters on this story: Ville Heiskanen in Singapore at vheiskanen@bloomberg.net;Chunying Zhang in Shanghai at czhang714@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen, Will DaviesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Chinese Electric-Car Maker Swings To Profit, Snaps Losing Streak
    Investor's Business Daily

    Chinese Electric-Car Maker Swings To Profit, Snaps Losing Streak

    Chinese EV maker Kandi Technologies reported Q3 revenue slid 17% but recorded an adjusted profit on a per-share basis.

  • Reuters

    UPDATE 3-Tesla to build first European plant in Berlin, Musk says

    Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the electric-car maker will build its first European factory as well as an engineering and design center in Berlin. Berlin also has earmarked financial support for manufacturing electric car battery cells. Musk, in a tweet, said that Tesla will build batteries, powertrains and vehicles, starting with Model Y lower-priced sports utility vehicle at the Berlin factory.

  • Benzinga

    Is Tesla's 40% Run Just The Beginning?

    Shares of Tesla Inc (NASDAQ: TSLA ) are up more than 40% since October, and investors shouldn't fight the trend, Ari Wald, Oppenheimer's head of technical analysis, said on CNBC's "Trading Nation." ...

  • Tesla to build first European plant in Berlin, Musk says

    Tesla to build first European plant in Berlin, Musk says

    Berlin also has earmarked financial support for manufacturing electric car battery cells. Musk, in a tweet, said that Tesla will build batteries, powertrains and vehicles, starting with Model Y lower-priced sports utility vehicle at the Berlin factory. Last month, Tesla said it expected its European factory to start production in 2021.

  • Barrons.com

    Tesla Stock Has Completed a Round Trip From Oblivion. Its Pickup Truck Is the Key to More Upside.

    Tesla stock has come a long way since dropping 46% to start the year. Following the release of its deliveries on June 3, Tesla closed at $178.97, its lowest level since 2017. Since then, it’s been all upside.

  • TheStreet.com

    [video]Elon Musk Tweets Tesla to Build New Gigafactory Near Berlin

    Tesla Inc. CEO Elon Musk tweeted Tuesday that a new Gigafactory near Berlin will build batteries, powertrains and vehicles. Musk announced plans for the plant during an awards ceremony in Germany, according to multiple published reports.

  • Oilprice.com

    Why One Analyst Thinks Tesla's Stock Could Soar To $400

    While many analysts remain skeptical about Tesla, the company has managed to surprise the markets with its Q3 results, and some analysts are now convinced the stock will reach $400

  • Dow Jones Higher Ahead Of Trump Speech; Alibaba, Tesla In Buy Range, Disney+ Debuts
    Investor's Business Daily

    Dow Jones Higher Ahead Of Trump Speech; Alibaba, Tesla In Buy Range, Disney+ Debuts

    The major stock indexes clung to modest gains early Tuesday ahead of President Trump's speech later today. Disney+ went live.

  • Is Tesla Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Daily

    Is Tesla Stock A Buy Right Now? Here's What Earnings, Charts Show

    Tesla stock, in June, fell to levels not seen since early 2016. But with rapid growth in shipments, what does an analysis of the stock's fundamental and technical strength say about buying Tesla shares?

  • [video]Tesla Could Rip Higher in 2019 - Here Is How

    [video]Tesla Could Rip Higher in 2019 - Here Is How

    It's hard to think of a more embattled stock than electric car company Tesla . Tesla bulls think that the company, led by billionaire and short-seller-antagonist Elon Musk, is set to save the world. Tesla surged more than 17% on the heels of its third-quarter earnings numbers at the end of October, a move that puts shares back above break-even in 2019 after a shaky start to the year.

  • Atlantic Station pedestrian bridge has 'momentum'
    American City Business Journals

    Atlantic Station pedestrian bridge has 'momentum'

    “With the growth we’ve been experiencing in the Midtown, Atlantic Station and West Midtown neighborhoods, the interconnection for pedestrians and cyclists has never been more important."

  • Financial Times

    Tesla to locate first European production plant in Berlin

    Tesla chief Elon Musk announced on Tuesday that the electric-vehicle pioneer would bring its first European production site to the heart of Germany, by building its first plant in Berlin. Mr Musk made the announcement as he received the Golden Steering Wheel award from Bild, Germany’s most popular tabloid newspaper. “Berlin rocks,” he told the audience, adding that Tesla would also create “an engineering and design centre” in the capital.

  • Bloomberg

    GrubHub, Uber Edge Out Tesla as Most Lucrative U.S. Short Bets

    (Bloomberg) -- Elon Musk might have finally made good on his long-promised “short burn of the century” last month at Tesla Inc., but that doesn’t mean the bears will go wanting.They can just turn to GrubHub Inc. and Uber Technologies Inc. in the wake of the struggling food-delivery app’s historic sell-off and the ride-hailing company’s underwhelming year. They’ve become the most profitable U.S. stocks to sell short. Musk’s electric carmaker Tesla had held that title until its surprise third-quarter profit triggered a 36% rally.GrubHub has now become 2019’s most lucrative short with a mark-to-market profit of around $829 million, according to Nov. 11 data provided by S3 Partners research head Ihor Dusaniwsky. The company is followed by Uber, which shows a $626 million mark-to-market gain for shorts this year.The pair unseated Tesla, which topped the list earlier this year. Now Tesla short-sellers are looking at $709.6 million in mark-to-market losses for 2019, according to S3.Bears gained the upper hand at GrubHub as it plunged a record 43% after its fourth-quarter revenue guidance missed analyst estimates. Some of the company’s largest rivals, Uber Eats and DoorDash, are taking share from GrubHub’s core U.S. market, according to Bloomberg Intelligence analyst Mandeep Singh. Its sales growth is expected to “decelerate meaningfully in 2020,” he wrote in a recent note.Uber has declined 3.1% since its 180-day lock-up period expired last week and is hovering around the lowest level since it went public in May. A regulatory filing showed that the company’s founder, Travis Kalanick, sold 20% of his stake in the company.Below is a list of top 10 most profitable shorts in the U.S. this year:By contrast, the least profitable shorts this year, per S3 data, are Apple Inc. and Alibaba Inc.The S&P 500 Information Technology Index, which includes some of the names in this list, has advanced 39% this year.To contact the reporters on this story: Anisha Sircar in New York at asircar@bloomberg.net;Tatiana Darie in New York at tdarie1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Richard Richtmyer, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tesla Rally Picks Up as Jefferies New Target Implies 15% Gain

    Tesla Rally Picks Up as Jefferies New Target Implies 15% Gain

    (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 edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Richard Richtmyer, Tatiana DarieFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Can TSLA's Drive Continue?

    Can TSLA's Drive Continue?

    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.

  • Dow Jones Rebounds; Microsoft, Tesla, Alibaba Hit Key Buy Points
    Investor's Business Daily

    Dow Jones Rebounds; Microsoft, Tesla, Alibaba Hit Key Buy Points

    The Dow Jones today fell more than 150 points before rebounding off session lows. Microsoft, Tesla and Alibaba all hit key buy points.

  • Digital Transformation — What It Is And Why It's Sparking Software Stocks
    Investor's Business Daily

    Digital Transformation — What It Is And Why It's Sparking Software Stocks

    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.

  • Benzinga

    Jefferies Raises Tesla Price Target To $400: 'A Better Foundation'

    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 ...

  • Barrons.com

    Buy Tesla Stock Because of ‘a Clear Trend’ of Cutting Costs

    Jefferies analyst Philippe Houchois raised his price target from $300 to $400 a share and maintained his Buy rating on shares.

  • Dow Jones Slides On Hong Kong Unrest; Tesla Breaks Out Past Buy Point
    Investor's Business Daily

    Dow Jones Slides On Hong Kong Unrest; Tesla Breaks Out Past Buy Point

    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.