258.00 -0.66 (-0.26%)
Pre-Market: 4:46AM EDT
|Bid||257.82 x 800|
|Ask||258.06 x 1300|
|Day's Range||258.00 - 265.25|
|52 Week Range||247.77 - 387.46|
|Beta (3Y Monthly)||-0.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||311.68|
Tesla is weeks away from offering insurance on its vehicles, CEO Elon Musk told investors and analysts on a conference call.
Ford is doubling down on its push into electric vehicles. Yahoo Finance's Zack Guzman & Jeanie Ahn, along with Flat World Partners CEO Anna-Marie Wascher discuss.
Tesla reported its first loss on an adjusted basis since the second quarter of 2018.
U.S. stocks slipped amid another busy day for corporate earnings, which featured mixed results from industrial heavyweights Caterpillar and Boeing.
Nasdaq hits record intraday high as the DJI, GSPC, and IXIC continue rally. Yahoo Finance's Julie Hyman, Adam Shapiro, Jared Blikre, Scott Gamm, and Matt Miskin, John Hancock Investments Market Strategist discuss.
Dow Jones futures: Facebook, ServiceNow, Microsoft and Lam Research were big earnings movers late, but Xilinx tumbled. Tesla and Chipotle were up and down.
Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday. Panasonic, currently the exclusive battery cell supplier for Tesla, produces cells for the EV maker at their joint plant in the U.S. state of Nevada - the so-called Gigafactory - as well as at two plants in Japan. The Japanese plants handle cylindrical lithium-ion "18650" cells, used to power Tesla's Model S and Model X vehicles, whereas the Nevada plant produces the newer, higher-energy density "2170" cells for the mass-market Model 3 sedan.
Tesla reported a larger first-quarter loss than Wall Street expected, and its revenue fell far short of expectations.
On Wednesday afternoon, Tesla reported Q1 revenue of $3.72 billion (up 36% annually thanks to the Model 3 production ramp), GAAP EPS of negative $4.10 and non-GAAP EPS of negative $2.90. Revenue, hurt by lower Model S and X vehicle deliveries and a $501 million accounting adjustment, missed a consensus analyst estimate of $5.42 billion.
Tesla plans to resolve logistics issues with global vehicle deliveries after weathering a challenging few months, also marked by staff layoffs and a public spat between Musk and U.S. financial regulators. Shares of Tesla, which are down 22 percent this year, were about flat after the results, which came more than an hour after they were expected. Musk is still battling to convince investors that demand for the Model 3, the sedan hoped to propel Tesla to sustainable profit, is "insanely" high, and that it can be delivered efficiently and swiftly to customers around the world.
When Tesla Inc. reported profit in consecutive quarters last year, it appeared to have finally reached a new stage in its evolution, one of the bumpiest rides many market watchers have experienced. But the electric-car maker’s erratic chief executive has continued to move the finish line that it seemed to have crossed.
Musk, 47, assured investors that higher deliveries and cost cuts will help Tesla post a narrower loss in the second quarter and return to profitability the following three months. “There is merit to the idea of raising capital at this point,” Musk said on an earnings call Wednesday. Tesla reported an adjusted loss of $494 million, or $2.90 a share, for the first quarter, missing analysts’ average estimate for a $1.30 deficit.