267.77 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||268.05 x 800|
|Ask||268.10 x 900|
|Day's Range||264.44 - 270.26|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||328.32|
The Model Y didn't even make it out of its debut month before Tesla decided to adjust the pricing, and the new numbers don't make the electric vehicles any more attractive. All levels of Model Y available on the online configurator received $1,000 price bumps that were implemented without any sort of announcement. Elon Musk also announced on Twitter a 3 percent price hike to all inventory vehicles.
How Auto Stocks Are Performing in MarchThe broader market In the week ended March 22, the broader market turned negative. The S&P 500 Index, the NASDAQ Composite Index, and the Dow Jones Industrial Average fell 0.8%, 0.6%, and 1.3%,
On Monday, Tesla stock hit a five-month low as RBC analysts published a punishing downgrade. Further, channel support was there to help buoy Tesla stock. The 20-day and 50-day moving averages are acting as resistance.
Nio stock may be most vulnerable to subsidy cuts, one analyst warned. Kandi stock also plunged on news that China plans to halve subsidies.
Tesla Inc. (TSLA) is undoubtedly one of the most (if not the most) polarizing stocks in today's market. A cottage industry of clean tech and auto blogs has popped up to provide air cover for the company and Elon Musk, its mercurial CEO. Warning! GuruFocus has detected 4 Warning Signs with TSLA.
Among the most polarizing stocks on Wall Street is one of it’s most famous — Tesla (TSLA). Since the beginning of last year, shares have climbed or dropped at least 10% more than a dozen times, as some in the investment community look at the stock as a can’t-lose, with others thinking there’s no chance the company won’t fail. Though the company’s products are raved about and selling relatively well, internal struggles rein supreme, with, among others, the SEC-Elon Musk fight, as well as production challenges that have been one of investors’ most pressing concern over the past few years. Right now, the bears are winning out — Tesla shares are trading nearly 20% lower year-to-date. Barclays analyst Brian Johnson expects this to continue. The analyst rates the company as Underweight (i.e. Sell) with a $192 price target, which implies about 30% downside for the stock. (To watch Johnson's track record, click here)Johnson believes that “parallel universe theory may explain Tesla conflicting guidance,” as the company has conflicting reports on its future. For example, Johnson says in the regulatory “universe” the company expects between 360-400k deliveries annually, while in CEO Musk’s universe (“oral comments, tweets and court filings”), expected deliveries go as high as 600k cars. This is troubling for the analyst because it implies a very wide revenue guidance. The difference between the low-end of the regulatory universe and high-end of Musk’s universe is 240k vehicles, and translates to a revenue range of $22.5 billion to $35 billion, according to Johnson. Given such a range, this could scare many in Wall Street who view this “as a material difference,” Johnson says.Revenue alone isn’t concerning Johnson. Production costs also differ greatly based on the number of vehicles delivered. For example, the analyst says, “if the second universe is interpreted as still only having 400k deliveries, Model 3 inventory build would be 200k units costing ~$8bn of cash drain.” While Johnson’s “delivery estimate moves up,” he still models for payback.Many sees Tesla’s war not only as one with the competition, but with itself — and it’s wide-ranging guidance only proves this further. The fact that there is no consensus on where the company sees itself in a year shows many that Tesla cannot get itself organized internally, which is cause for concern. And unfortunately, this isn’t the first time the company has showed its skeletons.All in all, TipRanks analysis of 24 analyst illustrates the polarization on Tesla’s stock. Based on the analysts’ ratings, there is a Moderate Buy consensus, with nine analysts suggest Buy, six say Hold and another nine recommend Sell. The price target among these analysts stand at $325.45, representing a 25% increase from current levels. (See TSLA's price targets and analyst ratings on TipRanks) Read more on TSLA: * There’s No Middle Ground for Tesla (TSLA) Stock * Can Tesla (TSLA) Stock Rebound from Underwhelming Model Y Rollout? * Tesla (TSLA) Model Y Underwhelms, Weighs on Stock; Wedbush Weighs In * Tesla (TSLA) Stock Will Have Some Bumps Along the Way, But the Future Looks Bright More recent articles from Smarter Analyst: * Is This Cannabis Stock in Trouble? Jefferies Stays Bearish on Cronos (CRON) * As BlackBerry (BB) Earnings Come This Week, How Will Stock React? * The New iMacs Will Not Propel Apple (AAPL) Stock to New Highs, Services and Software Will * Square (SQ) Stock Has 20% Upside Potential, Says Top Analyst
Lithium stocks have been volatile in recent years, though the electric vehicle revolution means that demand for the metal should be strong for many years.
A federal judge this week threw out a class-action lawsuit that claimed Tesla CEO Elon Musk and other executives lied to investors about the company’s ability to ramp up production of the Model 3 sedan.
Alphaville likes an analyst with a sense of humour. Particularly when Tesla is involved. So we should applaud the latest note from Brian Johnson of Barclays, who has taken a look at what Elon Musk’s guidance ...
A federal judge in San Francisco dismissed for the second time a securities fraud lawsuit brought by Tesla Inc shareholders alleging that the company made misleading comments about the production status of its Model 3. U.S. District Judge Charles Breyer sided with Tesla, granting the electric vehicle company dismissal of the lawsuit brought in October 2017. Breyer dismissed the original lawsuit in August but allowed plaintiffs to file an amended one.
A Wall Street analyst cut his estimate on first-quarter deliveries of the Tesla Model 3 about 8%. He cut his price target on Tesla stock to 210, from 245, with a rating of underperform.
Major U.S. indices are down slightly on Monday, as investors still mull over the development of a potential slowing global economy. That's left some stocks to do well on the day and others to drag their feet. Let's look at our top stock trades for Tuesday. Top Stock Trades for Tomorrow 1: AppleLet's look at the big name of the day, and that's Apple (NASDAQ:AAPL) with its slew of Services announcements. $195 is now acting as a roadblock to Apple stock and the 200-day moving average isn't holding up as support.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe name could remain volatile over the next session or two following this announcement, but for now it looks like shares are set to pullback. That's important, as it helps unwind the overbought condition that Apple has been carrying for the last week or so. * 7 Dual-Class Stocks That Will Outperform So what now? Look to see if $185 -- the prior gap level from November -- holds as support. Just below, near $182 is the 20-day moving average and uptrend support (blue line). Below these levels and the $175 mark is on the table, where Apple posted its big breakout from earlier this month. Top Stock Trades for Tomorrow 2: RokuAt one point, Roku (NASDAQ:ROKU) was up more than 6% on Monday while its CEO was at the Apple event. Shares have since cooled somewhat, but are still up 4% on the day after Apple said its Apple TV app would work with Roku.The stock is well off its session highs, but is still holding up over the 20-day moving average. That's important for bulls, particularly as the overall market remains under pressure. However, momentum is susceptible to fading here and if it does, we could see ROKU stock back near $60.If that's the case, see how this level holds up as support. Should shares continue higher, see if they can fill the gap back up to $71. If it can, Roku may test its all-time highs. Top Stock Trades for Tomorrow 3: TeslaA big downgrade from RBC sunk shares of Tesla (NASDAQ:TSLA) on Monday, as the downward pressure continues. However, the stock is finally down in that buyers' support zone we've talked about before.Down into this $250 to $260 zone, investors can take a limit-risk shot on the long side knowing that a close below this area would be their exit. On a rally, investors can use three upside targets: short-term downtrend resistance (black line), the 20-day moving average and medium-term downtrend resistance (blue line)/the 50-day moving average. Top Stock Trades for Tomorrow 4: NikeWe recently covered Nike (NYSE:NKE) thanks to earnings, but the company's name is back in the news on Monday after lawyer Michael Avenatti was arrested on extortion attempts against the athletic apparel maker.Shares rallied higher on Monday but failed at the 50-day moving average before turning lower. Given that this level failed to buoy Nike meant the 200-day moving average was on the table.Let's see if we can get a pullback into this $78 to $80 area and if so, we can take a calculated shot on the long side. Top Stock Trades for Tomorrow 5: VisaVisa (NYSE:V) is also a name we've liked on the long side, and we're finally getting the setup that we like.After pushing through $150 and stalling at $155, V stock is starting to pullback. Aggressive bulls can initiate a position, preferably near $152, with a limited-risk setup. * 7 Marijuana Stocks to Play the CBD Trend Below $150 and V will lose the 20-day moving average, breakout support (black line) and uptrend support (blue line). Should it hold, look for $155 or higher, although Visa may need the broader market's cooperation.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, ROKU and V. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 5 Top Stock Trades for Tuesday: AAPL, ROKU, V, TSLA appeared first on InvestorPlace.
(CVNA)stock (ticker: CVNA) is rising on Monday after a report from Robert W. Baird that argues that the shift of car sales online—boosted by (TSLA)(TSLA) high-profile push—will benefit the auto retailer. While the explosion of online car sales comes years after other areas of retail found themselves dealing with a rising e-commerce presence, the delay isn’t entirely surprising. States regulate car sales, which is why you can’t walk into a store and buy a car the way you can a TV.
Tesla shares moved lower during Monday's session after an industry report pointed toward a potential slowdown in vehicle registrations.
It’s been a rough month for (TSLA) stock. Tesla stock (TSLA) is off more than 18% in March as investors have absorbed no shortage of news. On Monday, Tesla stock dropped 1.5%, to $260.57 per share, as investors looked ahead to an expected first-quarter production and deliveries report.
Although worries about global growth remain, a brutal selloff at the end of last week may have some investors looking for bargains.
Tesla Inc. gets another bearish signal on Monday, with a second analyst in recent days dialing down price targets and casting doubts on the company’s hopes for deliveries of the Model 3.
The other interesting aspect here is that this is the first time the stock has dropped below $260 since late October, just after Musk had settled with the Securities and Exchange Commission when it sued him and the company for misleading investors with claims he had lined up a buyout deal at $420 a share. The stock rebounded after that settlement, but Musk’s Twitter habit landed him in trouble again earlier this year, with the SEC calling on a judge to find him in contempt for allegedly violating terms. On Monday, the SEC sent a letter to the judge rebutting the filing made by Musk’s lawyers Friday night, which had argued that the SEC’s effort relied on “a radical reinterpretation” of the settlement and disclosed several pieces of communication between the SEC and his lawyers leading up the settlement.
Tesla (TSLA) could finally be turning the corner on profitability as the business is delivering Model 3 in volume. In Q4’18 and Q3’18 Tesla reported two consecutive profitable quarters of $0.78 and $1.75 GAAP Dil. EPS, respectively. What shareholders are hoping for in the next couple quarters is a seamless production ramp for its Model 3 that shouldn’t hamper profitability but should instead drive volume profits at similar margins.This could be a little tricky, because this year coincides with the launch of the base model, which is priced at $35,000. This price point is crucial, because this segment of the market is where Tesla was supposed to build-up its entry-level segment but got delayed with various production struggles over the course of 2018.A transition into lower-priced units also leads to the unenviable conclusion that the company has to make cost adjustments everywhere they possibly can. In terms of the vehicle itself, they’ve adjusted the features to match the pricing tiers. At the base model level, the vehicle is just slower, and has less battery range, and you won’t have access to Tesla Autopilot, and you might be tempted to even upgrade the wheels to make them sportier, for $1,500 but even if you don’t, it still looks good for a $35,000 car.With the announcement of its base model at $35,000 on February 28th, 2019 the company initially announced that it wasn’t going to raise prices, but instead “wind down a lot of stores.” This sounded like a really vague term, but when we fast forward a month later, they mention that they closed down 10% of their store locations, places where they get less car and foot traffic and would shift to a more online model with service centers.Most car companies still have tons of dealerships out and about everywhere you drive in any major city with big signs and expansive service centers as well. So, it can’t completely bail on the idea of having a store footprint even if it wanted to. What Tesla’s likely abandoning are the non-performing stores with low traffic, and probably a greater shift towards service centers where vehicle maintenance and various other services are actually done. Even the deliveries get picked-up at the Tesla Service Centers, so the emphasis on stores has gone down, they have 378 locations according to their Q4’ call, so maybe they reduced the number of stores by 30 locations at this point. However, they continue to maintain the Service Center count at 120 according to their support website.So, they might have 250 retail locations they could probably reduce by 50 or 60 locations, but they’ll likely open more service centers in Mainland China where they integrate their Asian supply chain for Asian market deliveries for Southeast Asia like Korea and Japan which they already ship to. So more new openings of Service Centers, but also closings of retail looking stores.This will help trim costs down following the announcement of the Model 3 base model at $35,000.Following efforts to consolidate stores, the company is shifting towards an on-demand vehicle servicing model. They believe 80% of incidents can be resolved with a mobile technician driving to the car to repair it on site or deal with the situation. Hence, they might not need as many locations globally to fully saturate the auto market with reasonable customer service.Tesla also announced a 3% price increase across all Model 3 variants besides the $35,000 Base Model. People who purchased the Model 3 up until March 20th or Wednesday this week purchased at the same price tiers but following the March 20th cut-off there’s roughly 3 fiscal quarters where an added 3% price increase could improve profitability. This might spark a lot of debate in the coming quarters, as the profit narrative seems to depend heavily on improving operations and pricing adjustments. Read more on TSLA: * Can Tesla (TSLA) Stock Rebound from Underwhelming Model Y Rollout? * Tesla (TSLA) Model Y Underwhelms, Weighs on Stock; Wedbush Weighs In * Tesla (TSLA) Stock Will Have Some Bumps Along the Way, But the Future Looks Bright * Is Now the Time to Pull the Trigger on Tesla (TSLA) Stock? Citron Says Yes More recent articles from Smarter Analyst: * Is This Cannabis Stock in Trouble? Jefferies Stays Bearish on Cronos (CRON) * As BlackBerry (BB) Earnings Come This Week, How Will Stock React? * Will Tesla's (TSLA) Tale of Two Guidances Weigh on Stock? * The New iMacs Will Not Propel Apple (AAPL) Stock to New Highs, Services and Software Will
shares traded at a five-month low Monday after analysts at RBC Capital Markets trimmed their target for the stock and founder and CEO Elon Musk noted that prices for the group's clean energy cars would increase in the coming months. RBC's Joseph Spak cut his price target on Tesla shares by $35 to $210 each, and trimmed his first quarter delivery forecasts for the flagship Model 3 by 4,500 units to 52,500, in a note published Monday that cited "meagre demand". JMP Securities also lowered its price target by around 3% to $394 per share, and reduced current year and 2020 earnings forecasts, citing U.S. market weakness and the group's u-turn on closing its dealership network.