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S&P Futures
3,330.00-14.25(-0.43%)Dow Futures
27,200.00-85.00(-0.31%)Nasdaq Futures
11,218.75-42.50(-0.38%)
Tesla, Inc. (TSLA)
1,495.40 +5.82 (0.39%)
Before hours: 9:20AM EDT
Chart Events
Performance Outlook
| Previous Close | 1,485.02 |
| Open | 1,490.83 |
| Bid | 1,480.00 x 900 |
| Ask | 1,485.92 x 800 |
| Day's Range | 1,477.26 - 1,517.22 |
| 52 Week Range | 211.00 - 1,794.99 |
| Volume | 5,896,085 |
| Avg. Volume | 13,367,243 |
| Market Cap | 277.601B |
| Beta (5Y Monthly) | 1.30 |
| PE Ratio (TTM) | 771.00 |
| EPS (TTM) | 1.93 |
| Earnings Date | Oct 21, 2020 - Oct 26, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1,244.46 |
Fair Value
Related Research
- Technical Assessment: Bullish in the Intermediate-Term
- Market Digest: CSX, FITB, HBAN, LMT, UNP, TSLA, TWTR, BHF
Yahoo Finance VideoTrader: Tesla is the model 'Lifecycle trade stock'
On a recent Yahoo Finance Premium webinar, Yahoo Finance's Jared Blikre talks with Kathy Donnelly, Veteran trader, IPO expert and author on how Tesla is the perfect model of the Lifecycle trade pattern. Not a subscriber? Start your free trial to join future webinars live!
- Yahoo Finance Video
Yahoo Finance Premium Webinars: Trading IPOs and super growth stocks
Veteran trader, IPO expert and author, Kathy Donnelly, joins Yahoo Finance's Jared Blikre to explore trading methods and tactics for timing the volatile world of stocks with explosive growth potential — tackling common IPO misconceptions and exploring trading opportunities based on back-tested strategies while leveraging the actionable insights of Yahoo Finance Premium. Not a subscriber? Start your free trial to join future webinars live!
- Barrons.com
GM’s Cadillac Is Coming for Tesla. The Lyriq Is on the Way.
The 111-year-old (GM) is serious about a future with all electric vehicles, and about making sure Tesla, the husky teenager on the automotive block, doesn’t shove it into the shadows. It feels a little odd to say General Motors (ticker: GM)—a firm selling millions of cars generating hundreds of billions in sales—is coming for Tesla (TSLA)—a company selling hundreds of thousands of cars generating tens of billions in sales. Tesla, including stock-market value and debt, is valued at roughly six-times more than GM.
- Benzinga
Tesla Battery Supplier LG Chem Expects Revenue To More Than Double At $25.3B In 5 Years
LG Chem Ltd (OTC: LGCLF) expects its business to double in size by 2025, driven by ever-increasing penetration of the electric vehicle industry, CEO Hak Cheol Shin said in an interview with Bloomberg Thursday.What Happened The South Korean company's revenue is expected to reach $11 billion this year, and could shoot up to $25.3 billion by 2025, according to Shin."The global electric vehicle industry itself is growing fast, but the penetration rate is about 3% now," the CEO said. "The rate will be about 10% in 2025."Shin added that the company is in a position to deliver all orders from customers despite the COVID-19 pandemic. Why It Matters LG Chem emerged as the largest battery supplier in the first half of 2020 with its sales growth soaring 83% to 10.5 gigawatt-hours, according to SNE Research.The battery firm benefitted from the growing popularity of Tesla Inc.'s (NASDAQ: TSLA) Model 3 vehicles in China as well as firm European demand for EVs.European governments are using virus recovery funds to boost EV sales, which is helping the Korean firm, along with increase in sales of new models from the continent's automakers like Volkswagen AG (OTC: VLKAF), SNE Research noted, as per Bloomberg. Yuanta Securities Korea Co. analyst Hwang Kyu-Won pointed out that that the scale of orders from Tesla will be an important factor for LG Chem's growth going forward, but that the battery maker has "diversified customers" and can benefit from growth of other EV companies as well.LG Chem is helping Tesla grow its battery production capacity in South Korea.See more from Benzinga(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Bloomberg
Tesla Supplier LG Chem Expects Battery Revenue to Double by 2025
(Bloomberg) -- While the Covid-19 pandemic has dented demand for electric vehicles this year, a South Korean supplier expects its battery sales to reach a new high thanks to strength in Europe and a contract with Tesla Inc.’s factory in China.Revenue at LG Chem Ltd.’s battery business will reach a record of about 13 trillion won ($11 billion) this year, before hitting 30 trillion won in 2025, Chief Executive Officer Hak Cheol Shin said in an interview at his office in Seoul.“We have no problem in our supply chain and can deliver all of the orders from customers this year despite the coronavirus,” Shin said.Even with demand for rechargeable batteries seen slumping for the first time ever in 2020, South Korean makers posted sales gains in the first half. The Asian nation’s suppliers particularly benefited from European governments using virus recovery funds to help boost EV sales as well as new models from automakers including Volkswagen AG, according to SNE Research.Sales at LG Chem jumped 83% to 10.5 gigawatt hours, lifted by rising demand for Tesla’s Model 3 sedans in China as well as for Renault SA’s Zoe cars, SNE Research said. That helped LG Chem, whose stock has more than doubled this year to a record high market value of about $44 billion, take the market lead over China’s Contemporary Amperex Technology Co. Ltd. The Korean company’s shares rose as much as 11.5% Friday morning after Bloomberg published the first version of this story. CATL fell as much as 4.4% amid general weakness in Chinese stocks.“The point is how much LG will be able to get orders from Tesla, because everyone agrees Tesla will lead the electric-car market,” said Hwang Kyu-Won, an analyst at Yuanta Securities Korea Co. “However, if other automakers catch up with Tesla, that might be good news for LG Chem too, because of its diversified customers.”Tesla has also been using lithium-ion batteries made by No. 3 maker Panasonic Corp. at the Shanghai plant, which began production late last year. CATL recently struck a deal to supply the same factory, wooing Elon Musk with packs that BloombergNEF says cost about 20% less than rival products.Read more: The Battery Billionaire Who’s Key to Tesla’s Future in ChinaLG’s products use lithium nickel manganese cobalt (NMC) oxides, offering high energy density, which makes them more expensive but longer lasting. CATL uses lithium iron phosphate (LFP), which is cheaper and provide lower density.While LFP batteries may be “good enough” for a driving range below 300 kilometers (186 miles), NMC is likely to win out longer term as it should be able to lower costs while increasing density at a faster rate, according to Mark Newman, a senior analyst at Sanford C. Bernstein H.K. Ltd.Regardless of which technology is better, lower prices are seen as key to getting more consumers to shift from autos with combustion engines to EVs. Batteries account for 25% to 40% of total manufacturing costs for mass-manufactured battery electric vehicles, according to BloombergNEF. That is set to drop to 20% or less in the next few years amid pressure to reduce costs.Price fluctuations for cobalt and nickel won’t hurt LG’s battery margins, as contract prices with automakers are now designed to pass through raw material costs, according to Horace Chan, an analyst with Bloomberg Intelligence.LG Chem has moved to reduce overhead by working with automaker partners including General Motors Co. and Geely Automobile Holdings Ltd. on building EV battery plants, which can cost more than $2 billion. Such ties put the company in a strong position to benefit from an eventual rebound in auto demand and growing adoption of EVs.“The global electric vehicle industry itself is growing fast, but the penetration rate is about 3% now,” LG Chem’s Shin said. “The rate will be about 10% in 2025.”(Updates with latest share moves)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
Trump’s ban against WeChat owner Tencent could have huge implications for U.S. companies
Did President Donald Trump just blow up the U.S. videogame industry? While the move against TikTok’s owner — Beijing-based Bytedance — was not a huge surprise, action against WeChat’s owner — Shenzhen-based tech giant Tencent Holdings Inc. — was.
- Reuters
GM's Cadillac unveils electric SUV in bid to revamp luxury brand
General Motors Co on Thursday unveiled the first in a series of Cadillac electric vehicles, part of a bid to revitalize the flagging luxury brand and make inroads in a market so far dominated by electric carmaker Tesla Inc. The Cadillac LYRIQ, an all-electric mid-size SUV, is due to start U.S. production in late 2022. Shortly before that, production will begin in China, the luxury brand's largest market.
- MarketWatch
Tesla Inc. stock rises Thursday, still underperforms market
COMPANY CLOSE UPDATES Terrence Horan Shares of Tesla Inc. TSLA inched 0.31% higher to $1,489.58 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 1.
- MarketWatch
Nasdaq Composite’s record rally takes it to fastest 1,000-point milestone in 20 years
The Nasdaq Composite Index on Thursday marked its fastest 1,000-point rally to a new round-number milestone in 20 years.
Analyst Price Targets (28)
Upgrades & Downgrades
| Maintains | Citigroup: to Sell | 8/4/2020 | |
| Maintains | Morgan Stanley: to Underweight | 7/29/2020 | |
| Downgrade | Bernstein: Market Perform to Underperform | 7/28/2020 | |
| Downgrade | Bernstein: Market Perform to Underperform | 7/28/2020 | |
| Upgrade | Argus Research: Hold to Buy | 7/24/2020 | |
| Downgrade | Daiwa Capital: Outperform to Neutral | 7/24/2020 |
Company Profile
3500 Deer Creek Road
Palo Alto, CA 94304
United States
650-681-5000
http://www.tesla.com
Sector(s): Consumer Cyclical
Industry: Auto Manufacturers
Full Time Employees: 48,016
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles. It also provides electric powertrain components and systems; and services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians, as well as sells used vehicles. This segment markets and sells its products through a network of company-owned stores and galleries, as well as through its own Website. The Energy Generation and Storage segment offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, industrial, commercial facilities, and utility grids; and designs, manufactures, installs, maintains, leases, and sells solar energy generation and energy storage products to residential and commercial customers. It also provides vehicle insurance services, as well as renewable energy. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
