TSLA - Tesla, Inc.
274.90 +0.88 (0.32%)
After hours: 7:57PM EDT
| Previous Close | 273.60 |
| Open | 272.60 |
| Bid | 275.00 x 1000 |
| Ask | 274.50 x 900 |
| Day's Range | 268.45 - 276.45 |
| 52 Week Range | 244.59 - 387.46 |
| Volume | 5,947,098 |
| Avg. Volume | 8,512,230 |
| Market Cap | 47.329B |
| Beta (3Y Monthly) | 0.05 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -5.72 |
| Earnings Date | Apr 30, 2019 - May 6, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 328.32 |
- Autoblog•5 hours ago
Tesla sues former employee for allegedly stealing Autopilot code
Tesla filed a lawsuit in California this week alleging that a former employee stole source code for its Autopilot self-driving technology before leaving the company to join a Chinese startup. Guangzhi Cao has worked for Xiaopeng Motors (sometimes simplified to Xpeng) since January, according to his LinkedIn profile, serving as "head of perception" (whatever that means). According to the lawsuit, Tesla alleges that Cao copied more than 300,000 files before leaving Tesla.
- Reuters•4 minutes ago
Tesla's Musk tells employees vehicle deliveries 'primary priority' near end of first quarter
Deliveries set for two continents simultaneously with North America were a first for the Palo Alto, California-based company and the associated stress is something that will not be repeated in subsequent quarters, Musk said in the email seen by Reuters. Tesla declined to comment further.
- MarketWatch•37 minutes ago
Tesla revives popular customer-referral program
Tesla Inc. relaunched its customer referral program Thursday night, offering new rewards for purchases.
- Bloomberg•1 hour ago
Tesla Sues Rival Zoox, Claiming Ex-Workers Stole Trade Secrets
(Bloomberg) -- Tesla Inc. accused one of its former engineers of stealing highly confidential autopilot information before bolting to the Tesla of China, Xpeng Motors, eight months after one of Apple Inc.’s ex-employees was charged with taking sensitive robocar secrets to a new job with Xpeng.
- TheStreet.com•3 hours ago
Judge Gives Tesla's Elon Musk Extra Day to File in SEC Tweet Battle
Tesla chief Elon Musk bought himself some time in his Twitter battle with the Securities and Exchange Commission. A federal judge on Thursday gave Musk a one-day extension to file a response in his fight with the SEC. Musk's lawyers said their client needed more time to reply to the "SEC's unsupported assertions." Judge Alison J. Nathan of the Southern District of New York gave Musk until Friday to file no more than 8 pages.
- MarketWatch•3 hours ago
Elon Musk reportedly calls on all Tesla workers to help with end-of-quarter delivery crush
Elon Musk says delivering new cars to customers should be every Tesla worker’s “primary priority” through the end of March, according to a new report.
- CNBC•3 hours ago
Read Elon Musk's email urging Tesla employees to help with deliveries
In a first-quarter push to boost vehicle deliveries, Tesla CEO Elon Musk asked all employees to shift their focus to delivering cars to customers-- no matter their role. Tesla CEO Elon Musk sent an e-mail to all employees on Thursday urging them to volunteer to help out with deliveries, no matter their role. The move is typical -- Tesla TSLA execs, including Musk, usually call for "all-hands on deck" to try to meet end-of-quarter goals.
- Reuters•4 hours ago
Tesla sues former employees for allegedly stealing data, Autopilot source code
The engineer, Guangzhi Cao, copied more than 300,000 files related to Autopilot source code as he prepared to join China's Xiaopeng Motors Technology Company Ltd, the Silicon Valley carmaker said in the lawsuit filed in a California court. Separately, Tesla lawyers on Wednesday filed a lawsuit against four former employees and U.S. self-driving car startup Zoox Inc, alleging the employees stole proprietary information and trade secrets for developing warehousing, logistics and inventory control operations. In a statement, Xiaopeng spokeswoman Marie Cheung said the company was not aware of Cao's alleged misconduct and that the company has started an internal investigation on the matter.
- Oilprice.com•5 hours ago
Tesla Lagging Behind Competitors In European EV Markets
Tesla continues to catch the most headlines of any electric vehicle company, but its sales in key markets such as the European one aren't what most people think they are
- InvestorPlace•7 hours ago
The 7 Best Stocks in the Entrepreneur Index
In 2018, the S&P 500 Index had its worst year since the financial crisis, falling 6.2%. So far, it's off to a better start in 2019, up 13% year-to-date. The Entrepreneur Index, however, is up 18% over the same timeframe. The index, created by Entrepreneur.com, is a collection of, you guessed it, companies started or led by entrepreneurs -- comprised of 60 stocks to buy to imbue your portfolio with an entrepreneurial spirit.After all, entrepreneurs are the athletes of our day. The CEOs of many of the following companies may not have the star power of, say, Steph Curry, but their rise to the top is certainly as remarkable. And the influence these companies wield is incredible.But for every entrepreneurial-spirited startup, there are a dozen failed attempts. The path to unicorn status is littered with enough hooves to start a glue factory. Those who succeed have done so against all odds … and these entrepreneurs have made it their life's mission to maximize the success of their companies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's this "killer instinct" characteristic that makes theirs such great stocks to buy. Even the entrepreneur CEOs that come across as docile automatons are more HAL 9000 than Johnny 5.The following seven entrepreneur stocks all have amazing stories, and despite the current volatility you can count on them to grow well into 2019 and beyond.[Editor's Note: This article was originally published on Jan. 7, 2019. It has been updated to reflect changes in the market.] Facebook (FB)Source: Shutterstock 12-month upside: 16.6%Mark Zuckerberg was just 19 when he launched "The Facebook" from the window of his Harvard dorm, or something along those lines. When it went public, Facebook (NASDAQ:FB) shares were priced at $38 per share. Today, FB stock is trading in the mid $100s. Keep in mind, FB stock plummeted 27.7% in 2018.Facebook's rout began with Cambridge Analytica -- a massive data scandal that surfaced in early 2018 -- and culminated in Mark Zuckerberg's very own congressional hearing. He, uh, didn't come off well. Facebook's No. 2, Sheryl Sandberg, is also taking a lot of heat, but neither of them are going anywhere.The decline of FB stock has curtailed plenty of investors. Which is fair enough -- it's an inauspicious time to get involved in high-fliers as a short-term trader. If you're investing for the long-term, you shouldn't have such qualms.In the past month, 13 analysts have released buy ratings on FB, with only two hold ratings. Ivan Feinseth of Tigress Financial reiterated his "buy" rating, citing growing users and revenues. Feinseth sees the weakness in Facebook stock amid privacy concerns as a buying opportunity.It doesn't matter if you buy Facebook stock here or wait for it to completely bottom. The chances of missing the runup by attempting to time a recovery are greater than the chances of getting burned by holding FB stock for 5, 10 or 20 years. Amazon (AMZN)Source: Shutterstock 12-month upside: 16.5%Jeff Bezos is now the world's richest person, and he created that fortune all the while sticking by the company he founded in 1994. Bezos' parents helped him start the company with a few hundred thousand dollars, and Amazon.com (NASDAQ:AMZN) was earning $20,000 a week within 30 days. Bezos could have settled, selling his company for millions and going off into the sunset, but he chose to let it ride. If that's not a lesson to Shark Tank's doe-eyed contestants, I don't know what is.When Amazon went public in 1997, it sold for $18. Today AMZN sells for $1,818. Where the S&P 500 lost 6.2% in 2018, Amazon's stock price rose 26% and was our reader's choice pick for the best stock of 2018 (and 2019). And there's plenty of upside left. My colleague Will Ashworth believes Amazon stock could eventually hit $10,000:"AMZN first hit $100 on Oct. 23, 2009. It took approximately 91 months to get to quadruple digits leaving investors wondering how long it will take for the Amazon stock price to hit quintuple digits.In 2009, I'm sure nobody was thinking about $1,000. Yet, here we are in 2018, and the possibility of hitting $10,000 seems very real."Despite the broad market rout, analysts remain overwhelmingly bullish on AMZN, having doled out nine buy ratings in the past month. While Bezos' Amazon has its fingers in multiple pies, it's Amazon Web Services (AWS) that is powering future growth. Piper Jaffray's Michael Olson recently reiterated a price target of $2,050, citing strong mindshare for AWS boosted by growing public cloud spending. Tesla (TSLA)Source: Shutterstock 12-month upside: 14%Elon Musk may not have founded Tesla (NASDAQ:TSLA) -- it was originally founded by Martin Eberhard and Marc Tarpenning -- but he has transformed TSLA into what it is today. In 2010, Tesla stock went public at $17 per share. Since then it has gained 1,800%-plus, and it has also gained its share of enemies.Noted Tesla bear Gordon Johnson of Vertical Research Group believes TSLA will lose 70% this year, dropping to a mere $88 per share. Johnson thinks Tesla has already reached the height of its business productivity. However, I tend to agree with InvestorPlace's Will Ashworth, who countered a similar argument made by UBS analyst Colin Langan:"While the analyst is right to assume that the regulatory credits that boosted Tesla's results and Tesla stock in Q3 likely won't be present in Q4, he's wrong to think that Tesla's earnings won't be nearly as bright without them … With or without the credits, TSLA will continue to grow its business. Little by little, the company's income statement and balance sheet will get healthier, and the issue surrounding the credits will disappear like all the other arguments against it."As for analyst coverage, it has been a hotbed of activity. Approximately 23 analysts have released revised outlooks on TSLA stock, leaning mostly negative: 10 sell ratings, five hold ratings and eight buy ratings.TSLA stock has been yoyoing in 2019 after the company announced Q4 deliveries below consensus and a $2,000 price cut, among several other controversies related to CEO Elon Musk. Markets were concerned (perhaps overly so) that Tesla's supply glut and price reduction suggests volume issues and would crimp margins. But Ben Kallo, an analyst from Baird, sees the price cut increasing Tesla's addressable market:"[W]e continue to believe demand concerns are overblown; we think the company has several levers to drive additional Model 3 sales, including shipping to international markets (expected in February), and introduction of leasing options/lower cost variants."Tesla Inc has plenty of rough terrain ahead, but it has weathered the storm so far, and Elon Musk won't quit until Tesla succeeds. Netflix (NFLX)Source: Vivian D Nguyen via Flickr (Modified)12-month upside: 6.6%Like the Joker from the Batman comics, Netflix's (NASDAQ:NFLX) origin isn't clear. Originally, CEO and cofounder Reed Hastings claimed the idea for a DVD-by-mail service began when Blockbuster charged him $40 in late fees for Apollo 13. Cofounder Marc Randolph, however, says he and Hastings simply wanted to become "the Amazon.com of something." The most recent origin story revolves around a math problem involving volume and distance traveled. Uh, sure. No matter how NFLX stock got its start, the rest of the story has been nothing short of awe-inspiring.While it began its life offering DVDs by mail, Hastings, having the prescience to see the impact and opportunity of a wider-bandwidth internet, baked streaming video into Netflix's core. The idea sounded ludicrous at the time. So much so that Blockbuster's then-CEO John Antioco turned down an offer to buy Netflix for $50 million in 2000. Seven years later Netflix was able to deftly offer videos over the internet, swiftly ending Blockbuster's reign on top.But things haven't always been so rosy. After its IPO, NFLX traded in a downtrend, falling to $4 from $15 per share. Netflix's stock price recovered, but then came Qwikster -- an attempt at rebranding its DVD business that failed spectacularly. Most recently, Netflix reported its first subscriber miss in more than a year, and NFLX was sent reeling amid mounting concerns of a global slowdown. But many believe Netflix remains a high-growth company with its best days still ahead.That includes InvestorPlace's Luke Lango, who sees Netflix stock reaching $600 over the next couple of years:"The core fundamentals underlying Netflix stock remain rock solid. People are still cutting the cord in bulk. Streaming adoption rates are still growing rapidly and globally. Netflix is still the king of the streaming space, and that leadership position is only growing with better, more unique and more diverse original content. The value prop of NFLX is still compelling, and the company still has a ton of wiggle room to hike prices." Alphabet (GOOG, GOOGL)Source: Shutterstock 12-month upside: 9.4%At Stanford University circa 1995, a chance meeting between academics Sergey Brin and Larry Page would set them on a path to a trillion-dollar valuation. Initially named "Backrub," the pair later settled on Google for their search engine, which later attracted Silicon Valley investors. Twenty years later, Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) was born, while Google continues under the watchful eye of Sundar Pichai.Since Google's IPO in 2004 at $85 per share, GOOGL stock has gone on to sell for $1,078, and it's only split its stock once. The story of Google is as successful a story as a business can have, but the company isn't without failure. Google Glass, anyone? Google Plus, too, failed in spectacular fashion. Despite Google's requirement that users sign in to all of its services through Plus, the social network just never caught on.Part of what makes the company so great, however, is that it's not afraid to fail. In fact, part of Google's restructuring under the Alphabet Inc umbrella was due to the need to keep its core services in focus while still working on "moonshots," such as Google Fiber, Verily, Calico, DeepMind, Waymo and others. Not all of these ventures will pay off, but that doesn't matter.Eventually, one (or more) of these ventures will catch the wind from a broader trend, sending GOOGL stock into the stratosphere. My colleague Laura Hoy wrote recently that Alphabet stock is one of the better stocks to buy regardless of what the market does:"Alphabet is working on everything from healthcare projects seen extending people's lives to autonomous cars and drone delivery services. If there's a potential tech trend out there, Alphabet is working on it and that should be exciting for long-term investors who are looking for a safe bet that will carry them decades into the future."Analysts, too, remain strongly bullish on GOOGL, offering up 26 buy ratings in the past two months and only one hold. Akamai (AKAM)Source: Shutterstock 12-month upside: 9.6%Akamai's (NASDAQ:AKAM) story begins in 1995, where Tim Berners-Lee challenged his MIT colleagues to create a better way to deliver internet content. Current CEO Tom Leighton took up the challenge, inviting several co-workers to assist him in an idea. The technology that would eventually become a business known as Akamai wasn't perfected until Danny Lewin helped Leighton develop an algorithm capable of solving the problem of web congestion. That occurred in 1996, and over the next few years, Leighton, Lewin and other MIT students launched the company.Akamai stock went public in 1999, priced at $26 per share. At its peak, AKAM stock reached as high as $345.50 … then the dot-com crash happened. Akamai burnt through its cash reserves as sales tanked, and AKAM was delisted when its share price fell below $1. But Akamai survived. The company pivoted, diversifying its revenue stream from dot-coms to "the permanent economy," attracting clients such as Sony Ericsson and even the U.S. Army.Today, AKAM trades hands at $73.56, and over the next 12 months, analysts expect Akamai shares to hit $80.62 -- a gain of 9.6%. Not too shabby for a company that returned from the brink of destruction.We don't cover Akamai a whole lot on its own, but that may change if the stock continues on its current pace. So far, AKAM has beaten earnings 12 times out of the past 13 quarters. The only time it didn't was Q2 2016, where it only met the consensus. Nicolas Chahine, an InvestorPlace writer specializing in options trading, sees potential in the stock:"The adoption of the cloud is bringing everything on the globe into the electronic arena, so the demand on services like AKAM is only going to increase. Those who are already suppliers have the first mover advantage for years to come."What's more, Oppenheimer analyst Timothy Horan released a bullish "buy" rating on AKAM stock, setting his price target at $62.05 and noting strong growth in security. "We expect 1H19 to have better comps on stable hyperscale revenue," said Horan, who also sees technologies such as blockchain and the Internet of Things (IoT) adding more long-term value. Nvidia (NVDA)Source: Shutterstock 12-month upside: 2.7%Founded by Curtis Priem, Christopher Malachowsky and Jensen Huang, Nvidia (NASDAQ:NVDA) began its life in 1993. But Nvidia wouldn't release its first product until two years later with the launch of NV1, sold under the name "Diamond Edge 3D." It found its first major success with Sega, which was the leading arcade video game company at the time.A series of successes followed, including Nvidia's invention of the graphics processor unit (GPU) in 1999 with the Quadro GPU, which would become an industry standard. That same year, Nvidia filed for an initial public offering, pricing its shares at $19.69. And the rest, as they say, is history.Since then, Nvidia has split its stock four times, and NVDA currently trades around $143. InvestorPlace's Louis Navellier picked NVDA as his best stock for 2017, and it won! Navellier picked Nvidia again for 2018, but it didn't do quite so well the next go around, losing 31% of its value.But Nvidia has plenty of long-term growth left in its engine. Resident consumer and tech expert Luke Lango believes NVDA is in for a big 2019:"[I]f 2018 was the year that ended the bull run in Nvidia stock, 2019 could be the year that brings it back.In 2019, cloud and AI related growth will remain robust. Meanwhile, the crypto and trade war headwinds should pass. The overall growth trajectory should improve. Margins should track higher. Profit growth should remain robust.All those operational tailwinds will converge on an Nvidia stock that is now trading at its lowest valuation in several years. This convergence will ultimately put Nvidia stock back on a winning path in 2019."And it looks like Lango's analysis is already bearing fruit. During the 2019 Consumer Electronics Show (CES) presentation, Nvidia focused on gaming, announcing its RTX 2060, a new graphics card for $349. The reveal sent NVDA stock up 5.2%. Morgan Stanley analyst Joseph Moore is now more bullish than ever:"The company launched the RTX 2060, bringing ray tracing to lower price points with a more powerful 52 TFlop processor, with 6 GB of GDDR6, basically in line with recent press commentary. The company talked about 40-60% performance improvement vs. the comparable 1060, with performance higher than the 1070ti, and said that the performance benefit would increase over time."With 19 buy ratings released on Nvidia stock in the past month alone, 2019 is looking like the year NVDA makes a return.As of this writing, John Kilhefner did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top Stock Picks From the Street's Best Analysts * 7 Tech Stocks Without China Exposure * 5 Strong-Buy Stocks That Crushed 2018 Compare Brokers The post The 7 Best Stocks in the Entrepreneur Index appeared first on InvestorPlace.
- TheStreet.com•8 hours ago
Tesla Sues Former Employee for Allegedly Stealing Autopilot Data - Report
Tesla alleges that a former employee stole company data before switching jobs to work for a Chinese carmaker.
- Oilprice.com•9 hours ago
Why No One Is Interested In Building EV Infrastructure
Nowadays, it seems like everyone is rooting for greater electric vehicle adoption, but no one is willing to build the infrastructure
- American City Business Journals•9 hours ago
Tesla lawsuits allege ex-employees took secrets to Zoox, Chinese company
Tesla is suing former employees, a fast-growing autonomous vehicle startup in Foster City, and an employye at a Chinese automaker with Mountain View offices in a lawsuit that accuses them of trade secrets theft related to self-driving car technology.
- Barrons.com•11 hours ago
Tesla, GM, and Lear Look Like Good Bets on the Future of Transportation
Wolfe Research auto analysts Rod Lache and Dan Galves explain how to play the future of transportation. Will GM spin out Cruise Automation?
- CNBC•11 hours ago
Tesla is suing former employees and self-driving startup Zoox for allegedly taking secrets
Tesla TSLA is suing self-driving car startup Zoox and several former Tesla employees for allegedly stealing company information. The electric car maker says former employees Scott Turner, Sydney Cooper, Christian Dement, and Craig Emigh, "absconded with select proprietary Tesla documents useful to their new employer, and at least one of them used Tesla's confidential information to target other Tesla employees for hiring by Zoox," according to a suit filed in a U.S. District Court in Northern California.
- InvestorPlace•11 hours ago
Class-Action Suits Shouldn’t Stress, or Surprise, Nio Stock Owners
Has owning Nio (NYSE:NIO) stock made you seasick yet? It would be surprising if it hadn't. Following its September IPO, which was priced at $6.25, NIO stock surged to a peak of more than $13 three days later, back to less than $6 by late October, rallied to more than $10 last month and then fell back to less than $6 per share, where it stands as of this morning. NIO Inc. stock has put investors through the wringer.Source: Shutterstock And some shareholders aren't happy about the volatility… particularly the volatility that's inflicted damage on their portfolios. In fact, a class-action lawsuit has been launched for those who invested in NIO and feel they were duped.It may be a colossal waste of your time to jump on that bandwagon, though. The volatility of NIO stock was inevitable, and in the end its volatility will be irrelevant to most judges and juries.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter That kind of uncertainty is what investors who bought NIO stock signed up for. A Typical Post-IPO StoryNIO has been called the Tesla (NASDAQ:TSLA) of China, and for good reason. While many electric vehicles to-date have looked and felt like glorified go-karts, Nio -- like Tesla -- understands that form and function can also look cool. Nio's ES8 is a luxury vehicle.NIO is also a relatively new company, however. It was founded in 2014, only started to make vehicles in late 2017, and NIO stock only went public in September of last year.NIO stock has also dished out the usual post-IPO swings. The volatility wasn't caused by changes in the company's outlook. Instead, it's a reflection of the market's ever-changing perception of what Nio is, and where it's going.But Tesla stock was also all over the map in its early days, as are most newly-minted stocks.And that's what makes the class-action suit by at least a few investors, bluntly, a little bit sad, if not terribly surprising.The key tenets of the suits are (there are more than one, but they are all based on the same main complaint) summed up in a filing by one group of plaintiffs:"The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) NIO would not be building its own manufacturing plant and would instead continue to rely on JAC Auto to manufacture its vehicles; (2) reductions in government subsidies for electric cars would materially impact NIO's sales; and (3) as a result, Defendants' statements about NIO's business, operations, and prospects were materially false and misleading at all relevant times."Voiced in fairly typical legal-ese, it sounds dastardly.Read it again, though. Is NIO actually "guilty" of anything? Poor ArgumentsIt's true that Nio will continue to work with JAC to develop electric vehicles. But the company never gave a definite time frame as to when it might build its own facility.Here's the kicker on the matter: Nio is actually trying to help itself and the owners of NIO stock by not taking on the steep expense and risk of committing to its own plant right away. Ironically, one of the chief complaints about Tesla in its early stages was how much it spent (and arguably shouldn't have) on building its own production facility.As for the subsidy issue, the company has actually said little about the impact of subsidy changes. It would be naive on everyone's part, however, to think that a termination of subsidies wouldn't create some sort of headwind for NIO stock. That is, to borrow a term from the patent-law world, "obvious" and therefore should not be grounds for a lawsuit.Moreover, the plaintiffs haven't shown that subsidy changes have had a quantifiable, verifiable impact on NIO's business.As for the charge that the company's business, operations, and prospects are "materially false and misleading at all relevant times,"clear definitions of "material," "misleading" and "relevant" must be provided. Those are tricky words for any judge or jury to define.If the class-action suit ends up being successful, then almost every company in the world that's ever disappointed investors for any reason at any time is now subject to litigation. That's just not going to happen. The Bottom Line on NIO StockThe real story isn't the class-action lawsuits that are taking shape. Indeed, it would have been surprising if such litigation didn't materialize. Most companies whose stocks drop in the wake of their IPOs face some sort of legal pushback because we've become a litigious society.Facebook (NASDAQ:FB) -- one of the most rewarding investments since the subprime meltdown -- was sued shortly after going public in 2012 for allegedly covering up worries about its growth prospects. It settled for a laughable $35 million last year, which was probably cheaper than continuing to fight the case.The real story is that this sort of legal and even philosophical wrangling is all part of the growing pains that any new company has to face.Nio didn't do anything wrong. All equity investments always carry some risk. The shareholders of a company don't receive a contract.When you own a stock, it's understood that you're granting decision-making authority to the company's management, who have every right to change their minds about issues. It's a given that a company may never turn a profit; it's possible that a company may crash and burn. Just ask the people who bought Groupon (NASDAQ:GRPN) stock based on the company's brilliant concept that, as it turns out, isn't a terribly profitable one.Groupon settled its post-IPO suit for a scant $45 million.The plaintiffs suing Nio probably won't be able to prove any actual malfeasance by the company. At best, they will prove that they are frustrated because they bought into the hype of the media and the mob vis-a-vis NIO stock.Welcome to the stock market.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Class-Action Suits Shouldnat Stress, or Surprise, Nio Stock Owners appeared first on InvestorPlace.
- InvestorPlace•15 hours ago
What Happens to Tesla Stock After Model Y Launch?
After Tesla (NASDAQ:TSLA) announced its mid-sized crossover SUV, the Model Y, the stock didn't respond the way bulls would have liked. Maybe the upside potential of strong sales for the Model Y was already priced into TSLA stock… or maybe the market's simply tired of Tesla's promises.Negative news may have knocked investor confidence in the electric car maker. So, as Tesla shares tread just 10% above 52-week lows, should investors buy the stock now?Just like with Model 3, Tesla's Model Y has impressive specs that include a 300-mile range, an AWD model, and room for up to seven passengers. The SUV will get from zero to 100 mph in just 3.5 seconds. Unfortunately, the solid performance numbers and capabilities are already available in the entry-level Model 3. Except for the extra seats, which is a strong selling point, Tesla's entry in the popular crossover SUV market will have mixed benefits.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Looming CompetitionCrossover SUVs are already the most-popular class in gas-powered vehicles. Model Y is priced at levels that puts it out of reach for consumers who could buy a model made by Toyota, GM, or Honda. German car makers Mercedes-Benz, BMW, and Audi may eventually offer electric-powered crossovers, albeit likely at higher prices. * Top 7 Service Sector Stocks That Will Pay You to Own Them Just as Tesla took more than a year to get the Model 3 into production and in the hands of consumers, Model Y will take some time. Meanwhile, those German gas-fueled models at similar prices to the Model Y are available today. Pricing PressureThe long-range version of Model Y won't be available until Fall 2020 and will start at $47,000. The more-affordable standard range model will be available in Spring 2021 and starts at $39,000.Model Y will clearly face negative pricing pressure from the current expensive models. The company is finding a cheaper way to manufacture the Model X. If it fails to cut costs low enough to spur demand, the company's losses could mount. Although sales are still growing, the higher costs will put pressure on cash flow and Tesla's ability to finance debt. Worrying Balance SheetPer data from Simply Wall St, Tesla's debt is mounting. Fortunately, cash levels and net worth are holding steady but are at risk of falling. Tesla will need to find a way to bring Model Y production online without adding more to capital expenditures.Source: simplywall.stSoaring revenue since 2017 is a positive development. The company still loses money on every car it sells but that loss is shrinking. Its staff cuts, controlled operating expenses, and the closing of a few stores will help lower overall costs. The bad news is that Tesla had to backtrack on closing all physical stores.Below: Revenue grows sharply but Tesla is still losing money.Source: simplywall.st Online-Only Model Could WorkTesla's idea of closing all stores has merits. Through word of mouth and from satisfied customers, Tesla already has incredibly strong branding strength. It could do without the retail rental costs and showroom staff to drive sales. Plus, Tesla could have passed the savings to customers to boost volume. The reality, however, was unexpected: owners protested over the drastic price cuts and brought more negative news to the company. For now, putting the store closures on pause will give Tesla some time to rethink its online and retail sales strategy. * 5 Cloud Stocks to Help Your Portfolio Fly It has another full year for planning and executing the rollout of Model Y. With the need for re-accelerating sales, Tesla cannot afford to miss on ramping up production to meet the expected strong demand next year. TSLA Stock Valuation and Your TakeawayTesla stock is trading 16% below Wall Street's consensus price target of about $313. The company's heavy debt and ongoing losses were never an issue for shareholders before. This time around, investors are treating the Model Y release as a "show me" story first before they bid TSLA stock higher.Having gone through a Model S, X, and the Model 3 release through the years, Tesla may finally be better prepared for turning Model Y into an electric crossover that finally brings the company into the mainstream of automotive.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post What Happens to Tesla Stock After Model Y Launch? appeared first on InvestorPlace.
- InvestorPlace•17 hours ago
Should You Buy the Dip in NIO Stock?
There's no denying that electric vehicles are a trend worth watching. The auto industry looks likely to experience a major shift over the next few years as autonomous vehicles and electric cars gain momentum, so investors are wise to be adding EV companies to their portfolios. While Tesla (NASDAQ:TSLA) is likely the first name to come to mind when it comes to electric vehicles, Chinese counterpart Nio (NYSE:NIO) has also been on the radar in recent months. Source: Shutterstock * 5 Cloud Stocks to Help Your Portfolio Fly After popping at the end of February on the heels of a 60 minutes special that cast the firm in a favorable light, NIO stock has lost nearly half of its value over the course of a few days and hasn't been able to recover since. At just under $6 per share, NIO is trading 40% lower than it's all-time high of $10 per share. Does that mean now is a great time to pick up Nio Inc. stock, or is this dip the beginning of a larger downward trend? Earnings DisasterThe reason for NIO stock's decline was a worse-than-expected earnings report. The firm's fourth-quarter results showed a $509.5 million net loss, but even more troubling was NIO's lackluster forward guidance. Management is expecting deliveries to be weak for the first half of the year and plans to build a Nio factory have been put on hold for now. InvestorPlace - Stock Market News, Stock Advice & Trading TipsA big reason for the gloomy outlook is uncertainty regarding the Chinese economy and questions about whether or not the government will subsidize electric vehicles purchases going forward. No matter the country, the success of automakers is closely tied to economic health. But in the case of China, that uncertainty is underscored. Historically, Beijing hasn't been transparent about the nation's economic health and that creates an added layer of risk for Chinese stocks -- that's especially true for NIO stock, whose luxury cars are highly dependent on the ultra-rich having money to spend. Overly Excited InvestorsAnother reason we've seen such a large decline in NIO stock is the fact that it's rally was essentially based on thin air. One 60 Minutes special shouldn't be enough to take a stock 30% higher -- especially considering it didn't reveal any earth-shattering information about the company itself and its growth potential. That added hype just before Q4 earnings was disastrous for NIO stock, especially considering management had some bad news to deliver. Future PotentialSo, now that NIO stock has come back down to earth, investors need to consider whether or not the firm has potential to rise significantly in the future. The short answer here is yes. Right now, Nio is the only luxury electric vehicle company in China, a country with the largest automobile market in the world. Electric vehicles are catching on fast there as well and, if Beijing continues to promote their use through legislation and subsidies, Nio would certainty benefit. Many point to NIO as the "Tesla of China" and, from that perspective, it looks like a pretty good investment opportunity. After all, who wouldn't want to jump in a time machine and buy shares of Tesla back in 2013 when the share price was in the mid-$30s. Risky BetHowever, NIO stock isn't quite Tesla. For one thing, Tesla was first. Sure Nio is first in China, but it still has to compete with competition from TSLA and others as it grows larger. Second, and perhaps more importantly, is the fact that NIO is a long way from being profitable. Gross margins are negative for Nio right now -- that means it will be a long time before the firm is able to bring prices down and appeal to a wider audience. Tesla is currently working to bring prices down and expand its addressable market, but that has been incredibly difficult to do while still preserving profitability. The Bottom LineNIO stock is likely to make its way higher in the long-term, but it's difficult to say just how long we're talking. It could be almost a decade before NIO makes a meaningful jump higher and, during that time, we could see a lot of volatility due to economic conditions. * 10 Stocks on the Rise Heading Into the Second Quarter In short, NIO is a risky bet without a clear path to reward and for that reason, I'm going to stick to the sidelines.As of this writing Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post Should You Buy the Dip in NIO Stock? appeared first on InvestorPlace.
- TheStreet.com•yesterday
Fed Stops the Rate Madness: Cramer's 'Mad Money' Recap (Wednesday 3/20/19)
Today was shaping up to be a bone-crushing session on Wall Street, Jim Cramer told his Mad Money viewers Wednesday. Without one, it will be a lot harder to own sectors like the industrials that need a strong global economy. Cramer explained that President Trump is taking a page from the Ronald Reagan playbook with Russia, "trust, but verify." The Chinese have a long history of not abiding by what they agree to, he said, which was evident most recently in the South China Sea.
- CNBC•yesterday
Cramer Remix: Forget the stocks caught in the trade war crossfire
Jim Cramer reveals why Nike is an ideal investment that can do well with or without a trade deal.
- Fox Business Videos•6 hours ago
Tesla is not a company that’s slowing down production: Wedbush’s Daniel Ives
Wedbush managing director Daniel Ives discusses why he raised his price target for Apple and gives his outlook on Tesla.
- CNBC Videos•13 hours ago
The court can rein in Tesla CEO Elon Musk with one of the...
CNBC's Jim Cramer breaks down his take on Tesla CEO Elon Musk's legal troubles.
