TSLA - Tesla, Inc.
224.30 +0.66 (0.30%)
After hours: 7:58PM EDT
| Previous Close | 221.86 |
| Open | 223.24 |
| Bid | 224.30 x 900 |
| Ask | 224.30 x 800 |
| Day's Range | 221.02 - 225.85 |
| 52 Week Range | 176.99 - 387.46 |
| Volume | 5,750,771 |
| Avg. Volume | 11,647,609 |
| Market Cap | 39.85B |
| Beta (3Y Monthly) | 0.03 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -5.69 |
| Earnings Date | Jul 30, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 280.31 |
- Engadget•6 hours ago
Tesla granted tariff exemption on Japanese aluminum for battery cells
Tesla has won an exemption from paying the 10 percent tariffs placed on imported aluminum from Japan. It filed a request with the Commerce Department in April for a tariff exclusion on 10 million kilograms of the metal per year from Nippon Light Metal Co for battery cells made in the Nevada Gigafactory. Tesla said in its request the battery cells are used to power the Model 3 as well as in its energy storage systems, such as the Powerwall and Powerpack.
- Motley Fool•1 hour ago
Corporate Boards Are Supposed to Oversee Companies but Often Turn a Blind Eye
The consequences for board members of corporations found to violate the law and ethical norms are rare and usually minor. Here's a look at what the board is supposed to do - and sometimes doesn't.
- MarketWatch•6 hours ago
Tesla granted waiver on 10% tariffs against Japanese aluminum: report
Tesla Inc. was granted a waiver on 10% tariffs on aluminum imported from Japan, according to a Reuters report Monday. Tesla had asked for an exemption on 10,000 tons of aluminum produced by Nippon Light Metal Co Ltd. , and had argued in an April letter that it could not acquire U.S.-made aluminum that was comparable in both the volume of the order and quality. The U.S. Commerce Department found no objections and granted the one-year exemption, Reuters said, citing a filing dated June 5. Earlier this month, Tesla was denied a waiver for 25% tariffs on Chinese-made components for its Model 3 cars.
- Bloomberg•7 hours ago
If Loeb Likes Breakups, Another Target Awaits
(Bloomberg Opinion) -- Dan Loeb wants to split up Sony Corp. to enhance its value. The company isn’t the only household name in Japanese electronics that might benefit from the treatment.Panasonic Corp. shares have dropped more than 40% over the past 12 months after a partnership with Tesla Inc. disappointed; the company forecast earnings will decline; and a restructuring plan put forward last month failed to convince investors. The firm is trading on a multiple of 3.8 times enterprise value to Ebitda, compared with a five-year average of 4.6 times.Loeb’s Third Point LLC has called for a spinoff of Sony’s semiconductor business, aiming to reduce the stock’s so-called conglomerate discount – the situation where a company is valued at less than the sum of the different businesses it owns. It’s an analysis that could equally be applied to Panasonic.Last month, the Osaka-based company released a mid-term plan that will increase its number of divisions to seven from four. Panasonic aims to shift its focus away from the automotive business, which is struggling under the shadow cast by the difficulties in its relationship with Tesla. The electronics maker also announced a series of partnerships and alliances, and estimated restructuring costs of about 90 billion yen ($840 million), according to Goldman Sachs Group Inc.Analysts say Panasonic still doesn’t have a coherent strategy, and investors clearly want more change. So could a breakup be the solution?The answer from a sum-of-the-parts analysis is a clear: maybe. If Panasonic listed all its business segments separately and they traded at the mid-point of their peer-group ranges of between 4 times and 9 times enterprise value to Ebitda, then the combined value would be 2% higher than the company’s current market capitalization of about $20 billion. At the high end of the ranges, Panasonic could increase its value by as much as 32%. At the low end, though, there’s a similar amount of downside.(1)Analysts in Japan have questioned Loeb’s proposal for Sony. While they lauded his effort to improve the company’s valuation, they also cast doubt on whether the activist investor’s proposals were feasible or made strategic sense. A Sony split may unlock value now but, as my Bloomberg Opinion colleague Tim Culpan asked, what’s the vision for the future? As Sony analysts have pointed out, Loeb has reversed course since 2013, when he recommended that the company sell part of its film unit.This uncertainty is precisely where a breakup proposal may make sense for Panasonic, though. Pulling apart its various businesses – grouped broadly under appliances, automotive and industrial systems, connected solutions and eco solutions – would enable investors to put their money where they see value and growth prospects, without being encumbered by laggard businesses.For instance, sales for the connected solutions segment rose 6.9%(2) in the 2019 fiscal year, helped by the Tokyo Olympics in 2020 and growing demand from businesses to help automate tasks. Itochu Techno-Solutions Corp., which competes in a similar business, is trading on a forward price-earnings ratio of 23 times.Panasonic thought the automotive business would drive its profitability over the past three years. Even here, running the unit separately could create more value. Panasonic has teamed up with Toyota Motor Corp. and already has partners other than Tesla. With demand for electric cars and the pace of adoption being reassessed, the company could take time to leverage its technology advantage. In the process, the segment’s rising fixed costs won’t weigh down other more profitable businesses. In fact, investors might give a standalone battery business a higher valuation, as they’ve done with South Korean battery-makers Samsung SDI Co. and LG Chem Ltd.Analysts at Credit Suisse AG downgraded the stock on Friday, noting that they see “no signs of a rebound in earnings in the near term,” and that it was unclear how the company and its profit would look after the restructuring. Earnings at the auto business, where the analysts earlier saw potential for sales growth, is unlikely to improve over the medium term, they said.There are additional reasons why a breakup should be considered. For one, the government is incentivizing spinoffs with tax breaks. Meanwhile, domestic institutional investors are becoming more activist: The rejection rate for takeover defense measures has risen over the past six years to 80.5% from 40%, according to Goldman Sachs. That’s close to the 85% rate for foreign investors.Panasonic has some thinking to do. Loeb, meanwhile, might just have a new target. --With assistance from Elaine He. (1) Sum-of-the-parts analysis for Panasonic is based on FY2019 operating profit for each segment and used the following assumptions:1. Average enterprise value to earnings before interest, taxes, depreciation and amortization for peer group of each segment.2. A range of two times above and below average multiple.(2) Includes exchange-rate effects.To contact the author of this story: Anjani Trivedi at atrivedi39@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.Anjani Trivedi is a Bloomberg Opinion columnist covering industrial companies in Asia. She previously worked for the Wall Street Journal. For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters•8 hours ago
UPDATE 1-U.S. waives tariffs on Japanese aluminum for Tesla battery cells
The U.S. Commerce Department has agreed to Tesla Inc's request to waive 10 percent tariffs on imported aluminum from Japan used in the manufacture of battery cells at Tesla's Nevada Gigafactory, government documents show. The Commerce Department said in a document dated June 5 and posted on a government website in recent days that the aluminum "is not produced in the United States in a sufficient and reasonably available amount or of a satisfactory quality." The waiver is good for one year. Tesla did not immediately comment.
- Reuters•8 hours ago
U.S. waives tariffs on Japanese aluminum for Tesla battery cells
The U.S. Commerce Department has agreed to Tesla Inc's request to waive 10 percent tariffs on imported aluminum from Japan used in the manufacture of battery cells at Tesla's Nevada Gigafactory, government documents show. The Commerce Department said in a document dated June 5 and posted on a government website in recent days that the aluminum "is not produced in the United States in a sufficient and reasonably available amount or of a satisfactory quality." The waiver is good for one year. Tesla did not immediately comment.
- MarketWatch•11 hours ago
Gigafactory in Nevada is critical to Tesla’s future
What Tesla (TSLA) has built in the Nevada desert is impressive. Five years ago, the Gigafactory was merely an expanse of rocks and dirt, CEO Elon Musk bragged to shareholders on June 11. It is crammed top to bottom with automated machines, snaking assembly lines, engineering rooms, and 13,000 busy people working for Tesla and its Japanese partner.
- American City Business Journals•14 hours ago
Report: San Jose unicorn Velodyne Lidar is exploring a 2019 IPO
San Jose-based lidar pioneer Velodyne LiDAR has reportedly hired four bankers to help the company go public, possibly as soon as this year, with a valuation of $1.8 billion.
- Market Realist•14 hours ago
Is the Dreaded ‘Synchronized Global Slowdown’ Back on the Table?
In December 2017, we saw a sharp rally in almost all asset classes as markets started pricing in what many called “synchronized global growth” for 2018. However, as 2018 started drawing to a close, fears of a synchronized global slowdown hit markets. All leading economies were expected to grow at a slower pace in 2019 as compared to 2018.
- Benzinga•2 days ago
Bulls And Bears Of The Week: Tyson, Tesla, Crocs And More
Benzinga examined prospects for many investor favorite stocks over the past week. U.S. stocks finished higher for a third straight week, including new highs for the Dow and the S&P 500, bolstered by mid-week signals from the Federal Reserve. While the Fed opted to hold steady on interest rates with a reiteration that the economy remains strong, it did intimate that it is open to an interest rate cut before the end of the year.
- MarketWatch•2 days ago
Tesla’s second-quarter sales are as good as it gets, Goldman Sachs says
Tesla Inc. may sell about as many vehicles in the second quarter as Wall Street is predicting, but that would be the year’s high-water mark for the Silicon Valley car maker, analysts at Goldman Sachs said in a note Thursday.
Motley Fool•2 days agoWeekly Tech Stock News: Facebook's Cryptocurrency, Slack's IPO, and More
This week's top tech stories feature Facebook, Slack, and Apple.
- Motley Fool•2 days ago
3 Top Value Stocks to Buy Right Now
You might think our third contributor has lost his mind.
Autoblog•3 days agoYouTube engineer creates a Tesla pickup truck
Transcript: YouTuber and engineer Simone Giertz transformed a Tesla Model 3 into a pickup truck. Simone couldn't wait for Tesla to produce its own pickup. She devised a plan with the help of her friends to transform an all-new Model 3 into a truck, and named it "Truckla.
- Investopedia•3 days ago
Elon Musk's Best Investments
Read about some of the most important and impressive investments for Elon Musk, the visionary engineer and technology superstar.
- Motley Fool•3 days ago
How Many Vehicles Will Tesla Deliver in Q2?
Expect huge growth both sequentially and year over year.
- Engadget•3 days ago
The Morning After: The problem with the PlayStation Classic
Welcome to your weekend! We'll recap a few highlight stories from the last week, plus some new items like our thoughts on Google getting out of the tablet business and a hands-on test of Tesla's latest in-car games. Why is the PlayStation Classic so unpopular? Tesla's vehicles have an array of goofy Easter Eggs.
- Zacks•4 days ago
Tesla (TSLA) Gains As Market Dips: What You Should Know
In the latest trading session, Tesla (TSLA) closed at $221.86, marking a +1.02% move from the previous day.
- InvestorPlace•4 days ago
The One Metric That Makes Nio Stock a Loser
InvestorPlace's Vince Martin pointed out in his June 7 article that Chinese electric vehicle maker Nio (NYSE:NIO) had a negative gross margin in the first quarter. That's not a good sign if you own Nio stock.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn fact, Martin suggested that the Nio stock price could hit zero in the future, despite all the promise of the electric car maker's products. "Nio isn't necessarily going bankrupt in three quarters or even three years. But it does not have unlimited time. It's unlikely to be able to borrow much, given its meager asset base. Selling additional Nio stock will be difficult and would send Nio stock price even lower," Martin wrote June 7. Negative Gross MarginsFrankly, I'm not sure why anyone would invest in a company that has negative gross margins. Yet, Nio's had negative gross profits in three out of the last four quarters and investors are still buying Nio stock. * 7 Top S&P 500 Stocks of 2019 (So Far) Is that the definition of insanity or what?By comparison, Tesla's (NASDAQ:TSLA) had positive gross profits for the last five years -- its gross profits had grown from $881.7 million in 2014 to $4.0 billion in 2018 -- and, yet, some investors are actually opting to buy Nio stock over TSLA. While the company's negative gross margin is a big reason to shy away from investing in Nio stock, it isn't the financial metric that makes Nio stock a loser. The Altman Z-ScoreFor that, one needs to calculate the company's Altman Z-Score, which assesses the likelihood of a company going bankrupt within two years. I won't bore you with the formula. You can find that here. The important thing is that the Altman Z-Score gives you a better idea of a company's financial health at any given time. As the numbers on a company's balance sheet and income statement change, so too will its score, both positively and negatively. Taking its latest balance sheet and income statement financials from Morningstar, I've calculated Nio's Altman Z-Score to be -4.67. Anything less than 1.81 represents a company in distress. NIO's Altman Z-ScoreWorking Capital 546,244,434 A 0.22 Total Assets 3,048,600,000 B -2.51 Retained Earnings -5,460,092,704 C -1.69 EBIT -1,556,919,155 D -1.01 Market Cap 2,730,000,000 E 0.31 Total Liabilities -2,709,419,890 Net Sales 953,366,948 Calculation -4.67 Book Value 334,736,250 The Bottom Line on Nio StockSo, although my colleague didn't suggest it's going bankrupt anytime soon, I believe Nio's Altman Z-Score indicates that if it doesn't shore up its business soon, there's an excellent possibility it could face financial distress in the next 12-24 months. * 7 Stocks Flashing Signs of Strong Insider Buying That's especially true when you consider how much competition Nio has on the electric front in China. It's tough enough to right the ship financially when the competition isn't a problem, but things are going to get very difficult for Nio in the second quarter and beyond. Therefore, based on the company's competitive threats, a negative gross margin, and the real threat of bankruptcy in the future, I'm not sure how you can consider Nio stock anything but a losing proposition. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post The One Metric That Makes Nio Stock a Loser appeared first on InvestorPlace.
- Investor's Business Daily•4 days ago
Wall Street Struggles With How It Should Value Tesla Stock
Surprises and missed expectations set off a sharp plunge in Tesla stock this year, which is down about 34%, as Wall Street analysts have expressed mixed views on whether Tesla stock is a buy or sell.
Motley Fool•4 days agoNegative Analyst Notes Both Hurt -- and Help -- Tesla Stock
Tesla bears dominated the headlines yesterday. Today, the bulls got a chance to weigh in.
- Engadget•4 days ago
Control a fake Tesla while charging your real Tesla
It's easy to get caught up in the drama of Tesla. The weirdness runs the gamut from Robo-taxis, to CEO Elon Musk's bizarre tweets, vehicle demand, manufacturing tents, and investor events. But if we step back for a moment, it's worth reminding ourselves that it's a company that enjoys having fun.
- Zacks•4 days ago
The Zacks Analyst Blog Highlights: Alphabet, Tesla, Uber Technologies, Intel and Nvidia
The Zacks Analyst Blog Highlights: Alphabet, Tesla, Uber Technologies, Intel and Nvidia
- Barrons.com•4 days ago
Wall Street Is Too Gloomy About Tesla, Analyst Says
Baird analyst Ben Kallo reiterated an Outperform rating while boosting his price target on the shares from $340 to $355.
- Bloomberg•4 days ago
Car Parts Plant for Ford, Tesla Resuming Work After Brief Strike
(Bloomberg) -- Workers at a major auto parts plant in Michigan are poised to return to work after a brief strike Friday, alleviating the threat of a supply disruption for carmakers Ford Motor Co., Tesla Inc. and Fiat Chrysler Automobiles NV.The United Auto Workers called the strike early Friday morning after failing to reach a tentative contract agreement with Faurecia SA. A tentative deal has been reached, Misty Matthews, a Faurecia spokeswoman, said by phone.Faurecia’s plant in Saline, about 40 miles west of Detroit, employs 1,900 UAW members. The factory makes instrument panels, center consoles and other parts and supplies them to Ford, Tesla and Fiat Chrysler.To contact the reporter on this story: Kyle Lahucik in Southfield at klahucik3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
