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A German court has ruled that the clearing of trees from the site of Tesla's first electric car factory in Europe can go ahead, days after it issued an injunction temporarily halting the preparatory work. The top administrative court in the Berlin-Brandenburg region ruled late Thursday that authorities had been within their rights to clear the way for work to start. The court had issued an injunction last weekend to give it time to consider the case after an environmental group challenged a lower court's ruling that Tesla could go ahead with felling the trees.
(Bloomberg) -- Your sleek new Tesla Model S or electronic BMW has a distinctly 19th century feature that you may not be aware of, among its batteries. A company in Estonia wants to change that.Skeleton Technologies Group OU is working on supercapacitors, light-weight and long-life components that can distribute intensive bursts of power. These may help eliminate lead-acid batteries, a piece of technology invented in 1859 that still lurks under the hoods of Teslas in addition to the main lithium-ion power source.Supercapacitors have some way to go before they are widely adopted. There is still a gap with the popular lithium-ion units on how much energy they can store, Skeleton Chief Executive Officer Taavi Madiberk admits. Even so, the technology is promising for offering higher peak power output and reliability in extreme temperatures and Skeleton has already sold it to clients across the transport industry.“Sometimes people think that lead is a problem of the past because it relates to internal combustion engines but in practice all electric vehicles have 12-volt lead acid batteries,” Madiberk said. “We are working on a viable alternative to replace all lead acid batteries.“Musk’s PhDTesla Inc. Chief Executive Officer Elon Musk actually moved to Silicon Valley in the first place to do research on supercapacitors in his PhD studies at Stanford University, he wrote in a blog post in 2006. While Musk eventually dropped out from Stanford to start his new ventures, he hasn’t abandoned his bet on supercapacitors, also referred to as ultracapacitors.Tesla, also searching for a breakthrough for electric car batteries, bought Skeleton’s competitor Maxwell Technologies Inc. last year. Musk’s company, like other manufacturers, still uses the relatively cheap and recyclable lead-acid battery in addition to the lithium-ion unit.The sector is at a stage where the lithium-ion battery industry was around 1999, according to Madiberk, whose company also has a base in Germany. Back then, lithium-ion batteries cost over $5,000 per kilowatt hour, compared with under $200 now. Supercapacitors may similarly go from $5,000 to as low as $300, he said, without giving an exact timeline.The technology may be useful for some tasks such as regenerating energy from braking, perhaps in conjunction with a lithium-ion unit, said James Frith, an analyst at BloombergNEF who focuses on energy storage. However, it’s only one of a number of available routes for the industry.“There’s been a lot of interest in supercapacitors over the years,” Frith said. “The trouble is that lithium-ion batteries have been coming down in price quite rapidly.”To replace lead-acid batteries, Skeleton is cooperating with some major European carmakers, Madiberk said, without disclosing names. Its products reach an energy density -- a key measure of performance -- of 60 watt-hours per kilogram, exceeding regular lead-acid batteries. Their raw material, a patented graphene composite, provides cost advantages in the long term not just compared with lead-acid but also lithium-ion batteries, he said.Operating Profit“If you look at the supplies of cobalt, lithium, nickel, manganese, then sooner or later with electrification we see significant bottlenecks,” Madiberk said. “The issue with lead is, of course, it’s toxic: the manufacturing process is environmentally harmful.”In heavy transportation, Skeleton has supplied systems that recuperate the braking energy of trams made by Czech manufacturer Skoda Transportation AS and which reduce the fuel consumption of hybrid-electric buses made by the U.K.’s Wrights Group Ltd. Having signed orders totaling more than 150 million euros ($163 million) last year, the company targets revenue of 1 billion euros by 2025 when it sees its serviceable market reaching about 60 billion euros. It expects to reach a profit on the operating level by the end of next year.Aside from Tesla, Madiberk lists U.S.-based AVX Corp. and China State Railway Group as key competitors. The raw materials Skeleton uses have given it a competitive advantage over the bigger rivals, he said.The company’s products had the highest power and maximum peak current from five supercapacitor makers, including Maxwell and Ioxus Inc., in last year’s study by the U.S. Office of Naval Research.Supercapacitors may find their niches if the cost becomes competitive, said Frith, the analyst at BloombergNEF.“The heavy transportation applications probably is the best use case for supercapacitors,” Frith said. “There definitely is a lot of areas within the automotive market where they could find applications.”To contact the reporter on this story: Ott Ummelas in Tallinn at email@example.comTo contact the editors responsible for this story: Andrea Dudik at firstname.lastname@example.org, Andras GergelyFor 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.
Stocks of solar-power and other alternative-energy companies have rallied this year, with some on Wall Street saying that the boom can last this time around.
Do you believe the world will embrace a green path toward the future? If so, you might want to consider slapping a palladium position next to your Tesla shares in your portfolio, according to the investor behind the Market Ear blog.
The huge surge in stocks like Tesla, Virgin Galactic and Stamps.com have brought back some trader memories of the heady days of the dot-com boom. But Robert Buckland, a global strategist at Citi, studied stock market distributions to show the market of now is not really that similar to that of the dot-com days.
It's been a good couple of months for Tesla Inc (NASDAQ: TSLA ). As the stock has soared to new highs in recent month, the quirky outfit that owner Elon Musk says is a tech company that happens to make ...
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bearish calls included a leading pharmaceutical maker and an Apple supplier. As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors.
Tesla’s gigafactory in Germany has run into another hiccup. Environmentalists have stopped it from pulling down trees, claiming potential damage to the water supply .
Public service announcement: If you’re an investing novice, you are setting yourself up for a painful lesson.
Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker’s shares catapulted higher, according to public filings.
From the FAANGs’ reign to the options market action, happy days for stocks are here again. But history suggests a 10% setback could follow.
You'll have to wait till the end of 2021 to get your hands on Tesla's infamous Cybertruck, but, thanks to Mattel, you'll be able to grab a miniature version a whole lot sooner.The company's Hot Wheels brand just announced that it will release two remote-controlled scale versions of the Cybertruck. The smaller of the two will be 1:64 scale and retail for a wallet-friendly $20 while the larger 1:10 scale version will go for $400, still a reasonable sum compared to the actual car's $40,000 price tag. The limited-edition duo is set to hit the market in December––just in time for the holiday gift-giving season.As you might expect, the larger of the two models with a few more tricks up its sleeve. For starters, functioning headlights and taillights add a more realistic feel. Ditto for the telescoping tailgate that unfurls into a loading ramp. The Hot Wheels website describes its construction as "off-road and rugged terrain capable"––a claim buoyed by all-wheel drive that can switch between two modes––so it should be good to go even if you plan on taking it for a spin in spots not as evenly paved as your driveway. And rechargeable 9/9V rechargeable battery keeps those wheels turning for extended periods.> how'd the unveil go? smashingly! pic.twitter.com/vXyCZuOBkn> > -- Lora Kolodny (@lorakolodny) November 22, 2019There are other intriguing elements like the removable plastic body that reveals a detailed interior. The most inspired touch, though, has to be the removable sticker that mimics the famous shattered window from the actual truck's debut. Given that Tesla was involved with the development of Hot Wheel's version, Elon Musk might be eager to give the unexpected viral moment some extra legs. Or he just has a healthy sense of humor.The Cybertruck has become something of a lightning rod for Tesla, no small feat given the brand's history. Officially announced last November, the angular, Blade Runner-inspired truck debuted at a widely covered, invitation-only event where Musk touted its design and supposedly shatter-proof glass windows. A live demonstration debunked the latter claim. Twice. But that doesn't appear to have dampened interest in the vehicle. Musk has since claimed the company has received 200,000 pre-orders for the Cybertruck.Tesla has subsequently become the first US carmaker to cross the $100 billion mark and is now worth more than Ford and General Motors combined.More from Robb Report * Hackers Tricked Self-Driving Teslas Into Accelerating 50 MPH With a Piece of Tape * Tesla's Newest Model S Boasts a Category-Leading 390-Mile Range * EV Supercar? This Souped-Up Tesla Model 3 Is as Fast as a McLaren F1
(Bloomberg) -- Brazil President Jair Bolsonaro will travel to the U.S. next month for the fourth time in a year with a pro-business agenda that includes trying to convince electric vehicle manufacturer Tesla Inc. to set up a plant in the South American country.Bolsonaro’s visit will be on March 7-10 and his plans include attending a business seminar in Miami, according to the presidency’s press office. On Twitter, Bolsonaro said his “extensive agenda” consists of the possibility of Tesla building a factory in Brazil, without providing further details. The Palo Alto, California-based company didn’t immediately reply a request for comment.Since taking office last year, Bolsonaro has revamped his nation’s foreign policy by pursuing closer ties with the U.S. and its allies while eschewing multilateralism. In a major win for the South American president ahead of his trip, the U.S. on Friday lifted a ban on fresh-beef imports from Brazil that had been in place since 2017. Other victories for Bolsonaro came when the administration of President Donald Trump announced plans to promote Brazil’s bid to join the Organisation for Economic Co-operation and Development and refrained from placing tariffs on Brazil’s steel.An encounter between Trump and Bolsonaro during his visit is almost a given, White House economic adviser Larry Kudlow told reporters in Washington on Friday.“I would almost certainly expect him to be meeting with President Trump, they are friends, looking forward to the bilateral,” he said.Nicknamed by some as “Trump of the Tropics,” Bolsonaro has made his admiration of his U.S. counterpart no secret. The Brazilian president has repeatedly forecast Trump will win re-election this year and has even gone as far as broadcasting himself watching the U.S. head of state’s speeches.Read more: Brazilian President Streams Himself Watching Trump’s Iran SpeechWhile in the U.S., Bolsonaro will also participate in the event “Brazil-U.S. Business Relations in Florida” organized by export agency Apex. More than 300 business executives are expected to attend the seminar, which will feature presentations on Brazil’s economic outlook, business climate and efforts to privatize billions of dollars in state-controlled assets.The Brazilian presidency’s press office wasn’t immediately able to confirm whether or not Bolsonaro will meet Trump during the March trip.(Updates with U.S. decision to lift ban on Brazil beef imports in 3d graph.)\--With assistance from Dana Hull and Samy Adghirni.To contact the reporters on this story: Simone Iglesias in Brasília at email@example.com;Josh Wingrove in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Juan Pablo Spinetto at email@example.com, Matthew MalinowskiFor 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.
(Bloomberg) -- Small investors are back. In a big way.Their fingerprints are on Apple Inc.’s staggering rally. They piled into Tesla Inc. as it tripled, and turned speculative fliers like Virgin Galactic Holdings Inc. into some of the most heavily traded shares in the country. Why the enthusiasm? Some see a link to decisions by brokerages to cut commissions on trades to nothing.While it’s tough to know what’s causing what -- bull markets are fueled by new converts but also lure them -- trading volume at online and discount brokers has exploded. TD Ameritrade Holding Corp., which started offering free trading in October, has seen million-trade days multiplying at a record pace.Along with E*Trade Financial Corp., daily average revenue trades -- a standard industry metric that may be a bit of a misnomer now since buying and selling is free -- have almost doubled to an all-time high since last September, data compiled by Sundial Research showed.“When you take a bull market and juice it with zero commission trading, we can expect it to generate interest among retail accounts. That, it did,” said Jason Goepfert, president of Sundial. “Retail traders have become manic.”Individual investors were seen as indifferent participants for much of the 11-year bull market. No more. The latest leg of their emergence times closely with October, when E*Trade, Charles Schwab and TD Ameritrade slashed commission fees to zero. Not that it’s firm proof of anything, but since the start of that month, the S&P 500 is up 12% and the Nasdaq 100 has surged 22%.Conversations with a handful of clients found lots of praise for zero-commission trades but mostly conservative purchases -- index funds and blue chips. Matt Hermansen, 23, who works for a concrete company in Oakland, California, said the absence of fees makes him more willing to trade.“I’ll invest smaller amounts. Before I never really invested anything less than $1,000, $500 minimum,” he said in a phone interview. “Now if I have enough to buy an extra share, I’ll do it. I’ll do like $300.”At TD Ameritrade, the number of days where the amount of trades topped 1 million reached 38 during the fiscal first quarter ended Dec. 31, according to Steve Boyle, interim president and chief executive officer. That compares to 23 such days in all of fiscal year 2019.It’s “a new world in discount brokerage where price no longer clouds the comparison for trades,” Boyle said in an earnings statement on Jan. 21. By that date, the firm’s monthly volume had already risen 40% from a year ago, averaging 1.4 million trades per day.At E*Trade, similar trends has played out. Daily average revenue trades have increased 74% since the firm’s fee cut, Sundial’s data showed.Randy Frederick, a vice president of trading and derivatives at Charles Schwab, says the surge in trading also reflects a growing confidence in the bull market. Indeed, from the coronavirus outbreak to Apple’s sales warning, nothing has been able to stop shares from marching higher.“It’s partially driven by free commissions, but I don’t think it’s just that, because not everyone is offering free commissions,” Frederick said. “The fact that we have been in a bull market for a long time, people are just optimistic. Things are going up and they continue to go up.”U.S. households are turning more optimistic on the stock market. According to the latest sentiment reading from the Conference Board, the share of respondents expecting stocks to rise in the next year advanced to 43.1% in January, the highest since October 2018.Hot stocks get the most attention. At TD Ameritrade, Apple, Microsoft Inc., Tesla and Virgin Galactic have been among the highly traded this year, according to JJ Kinahan, the firm’s chief market strategist. Shares of the two tech giants have climbed at least 9%, double the S&P 500’s gain. Tesla, Elon Musk’s automaker, and Virgin Galactic, Richard Branson’s space-tourism company, have done even better, with triple-digit advances. Virgin Galactic, in particular, has seen retail investors talking up their positions on message boards like r/wallstreetbets on Reddit.“A lot of our millennial clients over the past six months were buyers of Tesla,” Kinahan said. “Younger people buy products they are familiar with, or more importantly, think are going to be viable products down the road,” he added. “It does make sense to say that some of these, maybe Virgin Galactic, may be a product that makes sense in 10 years.”For Peter Cecchini, chief global market strategist at Cantor Fitzgerald LP, affection among retail investors for both tech stocks and loss-making companies is creating flashbacks to the internet frenzy in late 1990s.“There’s sometimes no fundamental reason for it. It just is based on perception -- a perception based on narratives that run only an inch deep,” he said in note. “Let’s see how much longer it persists. This kind of activity often unwinds much faster than the wind up.”(Updates prices in sixth paragraph)\--With assistance from Claire Ballentine and Esha Dey.To contact the reporters on this story: Lu Wang in New York at firstname.lastname@example.org;Vildana Hajric in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Chris Nagi, Richard RichtmyerFor 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.
Space Exploration Technologies Corp., or SpaceX, aims to raise about $250 million at about $220 a share, according to a CNBC report Friday that cited people familiar with such plans. The new raise would value privately held Space X at about $36 billion, the report said. The round is expected to close around the second week of March, it said. Earlier this week, another report said that the space company, whose chairman is Tesla Inc.'s Chief Executive Elon Musk, was planning to spin off its internet-via-satellite business Starlink. SpaceX has raised about $3.2 billion in total, including about $1.5 billion last year as it intensified satellite launches and other missions.
Tesla, Inc. (NASDAQ:TSLA) shareholders (or potential shareholders) will be happy to see that the Founder, Elon Musk...
The toy Tesla truck comes in two models: a 1:64 regular Hot Wheels-size version and a 1:10 hobby-grade one.
There's one version of the new Tesla Inc (NASDAQ: TSLA) Cybertruck that's already available, and already is fully functional without a driver. Because it's a remote-controlled toy version of the much-anticipated Tesla truck, available now from toy maker Mattel Inc. (NASDAQ: MAT). "It's the only way to drive the Cybertruck in 2020!" Mattel says on its website.
Tesla Inc said it had resumed tree cutting in Gruenheide, Germany so it can construct its first European car and battery factory following moves by environmentalists to stop local deforestation. "Tree clearance is proceeding in an orderly manner," Tesla said on Friday. There were no environmentalists holding up the process, Tesla's spokeswoman Kathrin Schira said in a statement.
After shares topped over $5 a share in January 2020, Nio (NYSE:NIO) attempted to sell investors on Feb. 14 news it arranged a second financing deal. The aggregate total of $200 million buys the company some time and will keep it from bankruptcy. But with weak delivery numbers in January, is it too risky for investors to speculate on this electric vehicle supplier? China continues to battle a virus outbreak. Consumers are in no mood to buy expensive items like one of Nio's cars.Source: THINK A / Shutterstock.com In December, Nio reported a net loss of $352 million. It had $1.2 billion in debt. With $274 million in cash and cash equivalents on hand, the $200 million in financing will give the company enough room to re-evaluate the business. Buyers of the convertible notes may convert them to $3.07 per share as early as six months after the issuance date.With Nio stock trading above the convertible price, selling pressure may pick up in the near term. The few analysts who have a forecast on Nio have an average price target of $6.88. Still, analysts have not updated their views on the company over the last month. A valuation check on Nio stock is less optimistic. Nio has a value score that, based on a high price-to-sales ratio and negative earnings, is below that of the industry and the S&P 500.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nio Industry S&P 500 Value Score 8 66 74 Price-to-Earnings N/A 11.8 25.5 Price-to-Sales 4.3 0.5 2.4 Data courtesy of Stock Rover.comInvestors looking for exposure in the automotive or the EV market may buy Tesla (NASDAQ:TSLA) or General Motors (NYSE:GM) instead. These firms have a better growth score than that of Nio. Speculative OpportunityNio has intelligent staff members. Management is clear in its goals in growing deliveries. It has three specific objects within its sales strategy. First, it will continue improving its product and services. Second, it will encourage its customers to be brand ambassadors. And third, it will focus on expanding its sales network. * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 For Q4, the company said it expects deliveries to surpass 8,000 vehicles. This is up 67% sequentially from Q3 2019. On its Q3 conference call, Nio was conscientious about its limited budget. CFO Steven Feng said that "we expect the R&D efficiency to significantly improve, and the R&D expenses to be further reduced in 2020."Headcount in 2019 started at around 9,900. That fell to around 7,500. So, with a leaner team, Nio will burn less cash in 2020. It has to. Last month, it posted weak 1,598 deliveries, consisting of 1,493 ES6 models and only 105 ES8 models. This is a drop of 11.5% from last year. The drop is due to the Chinese New Year holiday falling in January. And of course, the new coronavirus had a negative impact on sales. ForecastNio forecast an output reduction for this month, which is another headwind for Nio stock. This time last year, the company enjoyed peak sales. But because the Chinese government is postponing people from returning to work, expect sales this quarter to miss estimates. Prior to the slowdown, Nio had production orders reaching over 100 daily. This positive momentum will probably end temporarily.In Q3, Nio sold all its ES8 models and had no inventory left. Although sales of this model may slump for one or two quarters, it will recover once China has the outbreak under control. The release of a new coupe model is promising. Management said the smart coupe SUV, the EC6, will start the delivery this September. My Takeaway on Nio StockInvestors may forecast Nio reporting revenue growing at least 33% in the next five years in a discounted cash flow model. Further, assume the following:Metrics Range Conclusion Discount Rate 7%-8.5% 7.7% Perpetuity Growth Rate 3.5%-4.5% 4% Fair Value $2.46-$7.29 $4.16 Data courtesy of finbox.ioAt a conservative perpetuity growth rate of 4%, Nio stock is worth at least $4.Chris Lau is a contributing author for InvestorPlace.com and numerous other financial sites. Chris has over 20 years of investing experience in the stock market and runs the Do-It-Yourself Value Investing Marketplace on Seeking Alpha. He shares his stock picks so readers get original insight that helps improve investment returns. As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 * 5 Tech Stocks Vying to Win the AR/VR Race * 7 U.S. Stocks to Buy on Coronavirus Weakness The post New Financing Deals Will Improve Nio's Long-Term Business appeared first on InvestorPlace.
Shares of Tesla Inc (NASDAQ: TSLA ) could be in for further upside amid a couple of positive catalysts. The electric vehicle maker has resumed production in full swing at its Shanghai Gigafactory following ...