328.73 -2.55 (-0.77%)
After hours: 7:59PM EST
|Bid||328.20 x 900|
|Ask||329.02 x 900|
|Day's Range||330.35 - 349.62|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||325.33|
Google edges out Apple and Microsoft. Tesla tops Facebook. And all of them trump Goldman Sachs on the list of places that interns consider the most prestigious to work for. The career information site Vault analyzed survey responses from more than 13,000 interns at 400 organizations, who ranked a list of companies they were familiar…
Phil Rothenberg, a vice president in Tesla’s legal department, became general counsel at Sonder, a hospitality startup, on Nov. 5, Rothenberg wrote in a message to Bloomberg News. Tesla representatives declined to comment. Rothenberg, 48, joined Tesla in May 2011.
The hackers changed the profile names and photos on the Twitter accounts to match Musk's. They used the accounts to impersonate Musk and promote a bitcoin scam claiming that Musk is giving away 10,000 bitcoins to participants. The cryptocurrency market has been rampant with criminal activity and fraud, and Carbon Black Security reports that more than $1.1 billion of cryptocurrency was stolen in the first half of 2018.
The broader market ended last week on a positive note due to the gains that followed the US midterm election results on November 7. Last week, the S&P 500 benchmark (SPY) rose 2.1%. This was the second consecutive week during which US equities continued to rally.
Why isn’t everyone satisfied with what Tesla Inc. reported as its third-quarter results? Tesla (TSLA)delivered more cars to customers in the third quarter than it did in all of 2016, and delivered for investors $271 million in pretax operating profit, its first profitable quarter in two years, and only its third ever. Skeptics, especially prominent short sellers such as Jim Chanos, who tweets as @WallStCynic, and Rob Majteles, @treehcapital on Twitter, continue to express doubts about the company and its numbers, in particular whether Tesla made all the deliveries to customers it says it did.
Volkswagen (VOWG_p.DE) could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News. "We set up the plant in Chattanooga always with the idea to be able to grow it, to mirror it," Diess was quoted as saying. Volkswagen (VW) and Ford (F.N) are looking at expanding cooperation, mainly in commercial vehicles, Diess added.
China’s Slowdown: How Severe Is It This Time? As we noted previously, some of the recent data points from China don’t portray a rosy picture of the world’s second-largest economy. China has been steering its economy away from an investment-driven economy to a consumption-driven economy.
In a note to clients on Thursday, analysts at Macquarie wrote that the Palo Alto, Calif.-based automaker "checks all the boxes" except for one to allow it from joining the S&P 500, as outlined by MarketWatch. In Q3, Tesla posted a profit of over $300 million, causing the highly volatile stock to surge as investors cheered progress in the production of its first mass-market vehicle, the Model 3 sedan.
Tesla Inc.'s ( TSLA) stock has risen 40% since October 8 during a time that both the NASDAQ and the S&P 500 have dropped by about 4%. Some options traders are betting that Tesla's recent rally continues and the stock rises an additional 12% to reach a record high before the end of 2018. Directionally, technical analysis supports a further increase for the stock over the next several weeks.
China’s Slowdown: How Severe Is It This Time? China’s GDP grew 6.5% in the third quarter, which is the slowest expansion rate since 2009. The auto sales in China have fallen for four consecutive months.
Tesla Motors (NASDAQ:TSLA) shares have stepped on the gas pedal and run over more than a few bears on the price chart this past month. Since blasting Street earnings views late last month Tesla stock has raced higher, while wiping out more than a few of TSLA’s bearish dissidents. The impetus behind TSLA stock’s bullish vroom, vroom has been the EV upstart’s surprise and surprisingly strong profit for its third quarter.
China has been accused of unfair trade policies. In addition to President Trump, other regions have found fault with China’s trade practices. The European Union and India have blamed China for unfair trade practices.