|Bid||219.50 x 1000|
|Ask||219.75 x 1200|
|Day's Range||216.02 - 222.24|
|52 Week Range||176.99 - 379.49|
|Beta (3Y Monthly)||0.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||248.50|
(Bloomberg) -- Tesla Inc. has another new plan to revive its foundering solar division: rentals.The Palo Alto, California-based company is now offering no-contract solar-panel packages as part of a relaunch announced in a series of tweets early Sunday by Chief Executive Officer Elon Musk.“With the new lower Tesla pricing, it’s like having a money printer on your roof,” Musk said in a tweet to prospective customers who live in states with high electricity costs. “Still better to buy, but the rental option makes the economics obvious.”The relaunch comes less than a month after Tesla reported its third consecutive quarterly decline in solar installations, and less than three years after it bought longtime rooftop king SolarCity Corp. for $2.6 billion. The automaker deployed just 29 megawatts in the second quarter -- its fewest yet in a single period. At its height, SolarCity installed more than 200 megawatts over three months.“It seems clear that Tesla is now trying to rebound their growth volumes having hit record lows by reverting back to a ‘no-money’ down type of model,” Michelle Davis, senior solar analyst at Wood Mackenzie Power & Renewables, said in a direct message on Twitter. “Tesla will need to prove they can manage their financials successfully this time around.”Since acquiring SolarCity, Tesla has made several strategic pivots that have contributed to an erosion in its market share. It ceased door-to-door marketing, ended a partnership with Home Depot Inc., cut jobs and opted to prioritize direct sales over the no-money-down lease that SolarCity popularized.Earlier this year, it shifted to offering standardized panel systems online, rather than the bespoke arrays that’s driven the rooftop-solar industry’s growth in the U.S.Tesla’s rental option can be had for a monthly payment that includes installation costs as well as support and maintenance, according to the company’s website. The contract can be canceled at any time, Tesla said, though there would be a $1,500 cost to remove the system.\--With assistance from Ellen Milligan.To contact the reporter on this story: Brian Eckhouse in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Matthew G. Miller, Helen RobertsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
South Korea’s sovereign-wealth fund made some big changes in its transportation investments and adjusted its holdings in a social-media platform.
Nio Inc. (NIO) has disrupted the automotive space since 2014 but only made waves in the market since its IPO. Investors have suffered numerous setbacks.
(Bloomberg Opinion) -- Two years ago, 10 sailors died when the U.S. Navy’s guided missile destroyer USS John S. McCain collided with a chemical tanker off Singapore. An investigation has determined that insufficient training and inadequate operating procedures were to blame, and both factors were related to a new touch-screen-based helm control system. The Navy has decided to revert its destroyers back to entirely physical throttles and helm controls.It’s worth exploring the Navy’s rationale for installing touch-screens (“Just because you can doesn’t mean you should,” says Rear Admiral Bill Galinis), as well as its rationale for getting rid of them:Galinis said that bridge design is something that shipbuilders have a lot of say in, as it’s not covered by any particular specification that the Navy requires builders to follow. As a result of innovation and a desire to incorporate new technology, “we got away from the physical throttles, and that was probably the number-one feedback from the fleet – they said, just give us the throttles that we can use.”There are lessons here — including a prescient one from 50 years ago — for other, more mundane transport-control interfaces as well.Large, interactive touch-screens are becoming increasingly prevalent in passenger cars; in the case of Tesla, they’re the only control interface. They’re lovely to look at, but as the Navy’s experience suggests, they might be more confusing than physical controls. That confusion isn’t academic, either: Distracted driving is an increasingly dangerous problem. According to the National Highway Traffic Safety Administration, 10% of all fatal crashes from 2012 to 2017 involved distracted drivers. Mobile phones are a major cause of distraction, as we’d expect, but they’re an even bigger problem for younger drivers.Almost 50 years ago, robotics professor Masahiro Mori wrote an extraordinary essay, “The Uncanny Valley,” on people’s reactions to robots as they became more and more humanlike. As Mori said, our affinity for robots rises as they more closely resemble humans. That affinity plunges, becoming negative and finally rising again once a robot reaches the (possibly unattainable) full likeness of a human being.Something similar is at work in our current touch-screen-filled vehicles. To an extent, adding more screen real estate give us more information, and with it more safety — until it begins to provide an overwhelming amount of information and an overly complex set of choices for visual navigation. And moving from one information-rich interface to another is increasingly difficult, as another Navy rear admiral said in reviewing the John S. McCain collision:When you look at a screen, where do you find heading? Is it in the same place, or do you have to hunt every time you go to a different screen? So the more commonality we can drive into these kind of human-machine interfaces, the better it is for the operator to quickly pick up what the situational awareness is, whatever aspect he’s looking at, whether it’s helm control, radar pictures, whatever. So we’re trying to drive that.There are two ways our in-car screens could evolve. The first is that, for safety’s sake, they’ll move back down the curve, so to speak, and be less ambiguous and more full of knobs and dials and physical throttles. That’s the Navy’s new approach. The second, though, is that we won’t go back, at least in passenger applications, to a more tactile interface of specific controls. We’re probably going to get more screens, with more information. Maybe the only way out of this valley is to shift the interface completely to voice or, in the very long run, to obviate the issue by having cars drive themselves. That could be how we navigate this uncanny valley of vehicle interfaces — the removal of any need to control the vehicle at all, and the chance to fill our cars’ screens with pure entertainment. Weekend readingA greener energy industry is testing investors’ ability to adapt. One coal CEO says “make money while you can” in an industry that is in terminal decline. The venture capital arm of Royal Dutch Shell Plc has invested in Corvus Energy, a maritime and offshore battery systems company. America’s obsession with beef is killing leather. A look at how Phoenix comes alive at night, and how other cities might too in a hotter world. An exploration of how extreme climate change has arrived in America. The Anthropocene is a joke. On a geological time scale, human civilization is an event, not an epoch. Three years of misery inside Google, the happiest company in tech. Here’s what happens when Apple Inc. locks you out of its walled garden after fraud suspicions. Machine vision can spot unknown links between classic artworks. When Midwest startups sell, their hometown schools often lose. A programmer in California got a “NULL” vanity license plate in the hopes that the word would not compute in a database of traffic offenders. Instead, he was fined $12,049. Robert Ballard, discoverer of the Titanic, is exploring a startling clue that may help him find Amelia Earhart’s plane. Bugatti’s one-off La Voiture Noire debuted at the Pebble Beach Concours D’Elegance. It’s already been sold, for $18.68 million. Bloomberg Businessweek’s Peter Coy looks back on the 40 years since the magazine declared “ the death of equities.” Get Sparklines delivered to your inbox. Sign up here. And subscribe to Bloomberg All Access and get much, much more. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, the Bloomberg Open and the Bloomberg Close.To contact the author of this story: Nathaniel Bullard at firstname.lastname@example.orgTo contact the editor responsible for this story: Brooke Sample at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
After several years' worth of cloudy skies, solar stocks may finally be finding their place in the sun. We have finally hit the inflection point with regards to solar installations and technology. In many areas, costs for solar -- without subsidies -- are now on par with other more traditional energy means. As a result, renewables are quickly gaining on market share from fossil fuels.According to the International Energy Agency (IEA), investments in renewable energy sources grew 55% from 2010 to 2018. More importantly, the agency predicts that 65% of all global energy spending will come from renewables like solar by 2030.For solar stocks, this is great news. No wonder why the Invesco Solar ETF (NYSEARCA:TAN) is up nearly 60% year to date.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On The long-term is very bright for solar stocks as well. With more money allocated towards renewables, the sector is finally poised to be a real moneymaker for investors. And there's still plenty of time to cash in on the biggest trends out there. For investors, the time to add solar stocks is now.With that, the sun is shinning for these three solar stocks today. Solar Stocks to Buy: First Solar, Inc. (FSLR)If you're going buy a single solar stock, it has to be kingpin First Solar (NASDAQ:FSLR). The firm has been at the forefront of several key shifts in the industry that continues to this day.FSLR started out as a maker of very efficient solar panels with some of the highest rates of sun-to-energy conversion around. This advanced technology served it well with many utility-scale solar producers.When the glut of cheaply-made Chinese panels hit the market a few years ago, FSLR switched gears into being a producer of full-scale solar plants for utilities. The firm has managed to see plenty of rising revenues from key utility customers.During the last reported quarter, FSLR managed to see its revenues jump 89% as the solar firm was able to see a great combination of rising production and growing bookings from utilities. First Solar's new Series 6 panel -- which promises high efficiency coupled with low costs -- surged, while new bookings pushed FSLR's backlog to 12.9 GW.The strong first half of the year performance, as well as continued demand from utility and residential customers, has allowed FSLR to boost its already impressive guidance for the rest of the year. The firm now expects to pull as much as $3.7 billion in revenues and EPS near $2.75 on the high end.Adding in its strong balance sheet to its key leadership position, FSLR is one of the best solar stocks to buy for the long haul. Sunrun (NASDAQ:RUN)To win in solar, it takes plenty of scale. This is especially true when it comes to residential solar installers. Putting solar panels on the roofs of consumers is a relatively low-margined business. It takes scale to clip small revenues from each one. Luckily for Sunrun (NASDAQ:RUN) it's building that scale in a big way.RUN is now the largest residential solar installer serving more than 255,000 customers and employing more than 1,700 MW worth capacity. Because of this surge in customers and installed wattage, RUN's revenues have sacked upped. Over the last three years, the firm's sales have surged by over 108%.Here's where it gets interesting for RUN. One of the problems for many residential customers is that they often don't have the cash up-front to pay for new systems. In this, Sunrun will often lease the systems to consumers. In that regard, RUN actually owns the panels on your roof. In order to make that happen, RUN needs to take out financing.If that sounds familiar, that's exactly what Tesla's (NASDAQ:TSLA) SolarCity did. But unlike TSLA -- which is having troubles -- RUN is actually seeing sales rise in a big way that's allowing to service its debts with ease. * 15 Growth Stocks to Buy for the Long Haul While it's a riskier solar stock play, RUN makes an interesting addition to a portfolio to play the rise in residential solar installations. SolarEdge (SEDG)Israel is often ignored by investors, which is a real shame. The nation has long-been a technology and healthcare powerhouse that extends into the solar sector, with SolarEdge (NASDAQ:SEDG) being a top solar stock to buy. The key is in its products.Source: Shutterstock SEDG doesn't make panels -- which can be fraught with wild price swings. What it does do is make various components needed to make solar power work. Solar panels produce direct current (DC) electricity. However, the grid and household devices use alternating current (AC) electricity. In order to get energy from a solar panel, you need to use a device called an inverter. It's here that SolarEdge shines.The firm's inverter products not only convert energy from DC to AC, but also optimize power output from panels and boost efficiency. This allows installers and consumers to get a bit more from their installations. You get a product you need that is better than the standard.Customers love it. SolarEdge reported record revenues in its last quarter -- growing more than 20%. This follows its streak of record results. Meanwhile, this niche of providing needed components has allowed SEDG to be profitable as well -- a rarity among the solar names.The best part is that SEDG has the potential to keep the growth going. Aside from solar, the firm has moved into providing renewable energy storage products as well as other inverter items for wind energy. Using the same model for solar, SolarEdge is poised to win here as well.At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post The Sun Is Shining on These 3 Solar Stocks appeared first on InvestorPlace.
Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday. Nextmove said it had ordered 100 electric vehicles in 2018 but raised objections over quality and finish after taking delivery of the first 15 Model 3 cars earlier this year. Tesla said Nextmove chose not to take delivery of the cars.
Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday. Nextmove said it had ordered 100 electric vehicles in 2018 but raised objections over quality and finish after taking delivery of the first 15 Model 3 cars earlier this year.
According to YouTube’s most noted auto reviewers, Tesla’s Model 3 is the “best electric car” available today. Tesla produces 5,000 Model 3 units per week.
(Bloomberg) -- Stefan Moeller began this year with an ambitious target: to make his car-rental company Nextmove the biggest Tesla Inc. customer in Germany by adding 100 Model 3s to its fleet. He likened the electric car’s arrival on Europe’s shores to a tsunami washing over a region that’s been slow to embrace battery-powered autos.But the powerful wave Moeller expected has collapsed to a trickle. After weeks of back and forth over unfulfilled repair work and quality issues involving the initial 15 sedans that Tesla delivered -- from scratched bumpers to moisture trapped behind the headlights -- the order of the remaining 85 Model 3s was called off. Tesla also tried to deliver cars that had been previously registered, which would have locked Nextmove out of Germany’s electric-car incentive program and potential tax refunds, Moeller said.“The Model 3 is a fantastic car. Some of our customers totally fell in love with it,” said Moeller, whose Leipzig-based company has more than 300 electric vehicles in its fleet, including 38 Model S and a dozen Model X. “But the organization behind it doesn’t match that. It’s really sobering.”Subpar service could be a barrier to Tesla making more of an impact in Germany, where exacting car owners value how painstakingly their BMWs and Mercedes are cared for just as much as the speed of the Autobahn. Chief Executive Officer Elon Musk, who’s famously inimical to Twitter critiques, acknowledged earlier this year that a lack of service centers in Germany was hampering the company’s growth there.Tesla believes Nextmove’s decision to cancel its remaining Model 3 order wasn’t entirely due to quality issues, and was largely influenced by frustration with an unrelated dispute earlier in the year, according to a spokesperson. The carmaker was in the process of making repairs and had provided loaner vehicles to the customer at the time the order was canceled. (Nextmove insists it was Tesla that canceled the order, after the rental-car company demanded an improved process for handovers and fixes.)The Tesla spokesperson blamed the registration issue that Nextmove described on a temporary issue with matching identification numbers to vehicles and said the issue was resolved for impacted customers.Norway WoesPoor service is an issue that’s already plagued Tesla in Norway, Europe’s largest electric-car market per capita. Dented and sloppily painted vehicles have fueled the highest level of complaints per unit among all automakers, according to the nation’s consumer watchdog.In Europe, Tesla is racing against time as more established players wake up to the electric future. The continent is projected to be the world’s second-largest driver of electric cars in the next decade, trailing only China. Customers can already choose between a growing number of battery-powered models from the likes of Mercedes-Benz, Jaguar and Audi.Moeller says Tesla’s issues extend beyond the Model 3. He spent two years waiting for the carmaker to replace a seat in a Model X that was delivered in July 2017 with a hole in it. A Model 3 arrived more recently with a protruding bulge on one tire. Moeller shared with Bloomberg News his email correspondence with Tesla and photos of the blemished vehicles.The Tesla spokesperson said the company’s data doesn’t indicate any unusual vehicle quality issues specific to Germany or anywhere else in the world. The company said there’s a small chance cars are blemished during transport to customers and that it addresses those issues quickly.‘Seriously Worrying’Nextmove isn’t an isolated case. German social-media platforms and online forums are abuzz with customers airing complaints about faulty parts from sensors to suspensions. Many also describe Tesla’s sales organization in the country as unresponsive.“I’m still thrilled by the car, because it’s just so much better than anything I’ve driven before, but the quality of the service and some technical parts are seriously worrying,” Rouven Volk, who said by email that he ordered his Model 3 in February and was slated to take delivery less than a month later.Volk chronicled an odyssey with Tesla that began with a car that couldn’t be handed over because of a defective main display. The company opted to source another Model 3 from its European pool and set a new handover date for a month later. Then, the car had stains on the outside and in the interior, and a cable dangled from where there should have been a light for the back seats. The charging cables and winter tires he ordered were nowhere to be found.The Tesla spokesperson said unhappy customers can return their cars for a full refund up to seven days after purchase. The company’s data shows German customers have largely been satisfied with their vehicles, including the quality and condition of cars upon delivery.“Generally, early-adopter customers forgive unconventional newcomers like Tesla a lot of things,” said Stefan Bratzel, a researcher at the Center of Automotive Management near Cologne. “But the more Tesla enters broader customer segments, the more distribution and service have to function.”Climbing the ChartsSales of the Model 3, Tesla’s most affordable model, helped make the brand the fastest-growing in Germany in the first seven months of the year, according to data from industry watchdog KBA. While 6,816 registrations is still well behind market leaders, Tesla outsold brands including Jaguar and Alfa Romeo.Tesla is in the process of doubling the number of service centers in Germany to 17 locations, with a focus largely on urban areas including Berlin, Hamburg and Munich, according to the company’s website. The carmaker is also branching out into mid-size cities such as Kiel, Ulm and Mannheim, and separately lists 16 retail stores in the country.The brick-and-mortar presence is still a far cry from the sprawling infrastructure that established carmakers have built in Germany over decades. Volkswagen AG, the top-selling automaker in the country, has hundreds of dedicated sales and repair outlets.Then again, Musk is betting the looming shift toward electric cars and digital services will upend the retail and after-sale business. Battery-powered autos have fewer components that are at risk of breaking down. Tesla also plans to expand its fleet of mobile service vehicles by 50% and increase mobile service coverage by fivefold this year in Europe, according to the spokesperson.Rust, ScratchesFor Volk, rust started showing between the front fender and the driver’s door of his Model 3 after about 100 days and 15,000 kilometers, which he attributes to friction of sheet metal that wasn’t properly sloped. Getting a hold of Tesla service personnel has been challenging because some employees familiar with his case have left the company, Volk said.Malte Ahl said in an email he withdrew the purchase contract for his Model 3 in March after Tesla didn’t respond to his concerns about glitches including poor paint quality, scratches on the passenger seat and dysfunctional switches.“I view this way of dealing with the most loyal Tesla fans as unfair and not sustainable,” he wrote in an attached letter addressed to the company’s German unit.(Updates with further Nextmove comment in fifth paragraph.)To contact the reporter on this story: Christoph Rauwald in Frankfurt at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Benedikt Kammel, Craig TrudellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tesla (TSLA) has officially launched its Model 3 in South Korea, where it is attracting significant interest from prospective buyers.
German rental car company Nextmove canceled the bulk of a 100-vehicle order from Tesla due to quality issues with the electric car company's vehicles, according to a report from Reuters. The company said it cancelled the order for the remaining 85 vehicles after failing to come to terms with Tesla on how to fix quality problems. Tesla, meanwhile, said in a statement that it doesn't believe the decision to cancel the order was entirely tied to quality issues.
California Highway Patrol officials saw a Tesla semi truck. They were impressed with the credentials. The CHP posted comments on its Facebook page.
Chinese electric car maker NIO delivered 837 cars in July, down from 1,340 cars in June. Tesla’s delivery growth range was 110%–221% in the last year.
If you own stock in Chinese electric-car maker Nio (NYSE:NIO), the news that the company's deliveries fell by 38% in July should not discourage you, at least not yet. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter all, if Elon Musk had given up after every setback, there would be no Tesla (NASDAQ:TSLA). A stock that goes from $10 to $100 over five years doesn't go straight up. The same is true for manufacturers looking to grow. Peaks and valleys are the norm. Now that Nio's delivery numbers for July are in the books, it's time to look ahead to August and beyond. Does NIO have enough gas in the tank (metaphorically speaking) to keep moving the needle higher?That's the million-dollar question. * 10 Stocks Under $5 to Buy for Fall Here are three things that will help determine whether or not Nio stock is worth holding for the next 6-12 months. The Battery Recall Hurt Nio StockIn July, NIO delivered 837 vehicles, of which 673 were the five-seater ES6, and 164 were the 7-seater ES8. It has now delivered a total of 19,727 vehicles in its brief history, 8,379 of which were delivered in 2019. As a result of a voluntary battery recall on 4,803 ES8s, NIO focused on its battery-manufacturing capacity in July, which caused it to produce and deliver fewer cars. Also, because some electric-vehicle subsidies ended at the end of June, some vehicle deliveries were pushed forward into June, lowering the numbers for July. And to top things off, China's economy has slowed dramatically over the past year. Overall passenger vehicle sales in China have declined year-over-year in 13 of the last 14 months. So, despite several issues working against Nio in July, it still managed to deliver 837 vehicles. August Is Expected to Be StrongerThe good news is that NIO got the battery recall completed in half the time expected, leaving more time for producing cars and getting them delivered to its customers. Nio's CEO and founder William Li expects it to deliver as many as 2,500 vehicles in August, or three times the amount it delivered July. In August 2018, when it only had the ES8, NIO delivered 1,121 vehicles. Therefore, if NIO's deliveries come anywhere near 2,500 vehicles in August, that would have to be considered a significant improvement over this time last year. NIO's business might not be perfect, but it's doing its best to keep the needle moving higher. Tesla Is ComingThe only fly in the ointment for Nio at this point, other than the fact that it loses more than a dollar for every dollar of revenue, is that Tesla likely will start producing Model 3s in Shanghai by the end of the year. And because those Model 3s won't be subject to Chinese tariffs, their prices will drop.Tesla is known for missing deadlines ,so I wouldn't expect the Model 3 to become a headwind for Nio and Nio stock until the first quarter of 2020 and beyond. As InvestorPlace contributor Will Healy pointed out on Aug. 13, Nio faces intense competition. Tesla isn't the only other electric-vehicle manufacturer in China. With only so much demand for electric vehicles, it's possible that Nio won't end up selling many cars, despite the positive reviews of its ES8 and ES6 vehicles. The Bottom Line on Nio StockLast year, when I first covered Nio stock, I was completely cynical about the company because of the large amount of money it was losing. Fast forward to today, and I still believe its financial condition is a major reason to avoid investing in Nio stock. However, I've come to realize that Nio stock is not such a bad investment for aggressive investors, who understand risk and reward very well.Nio stock price is currently trading at $2.85, down from where it was trading in July when I suggested that aggressive investors should consider Nio stock. With Nio stock price at $3 or less, it's an even better bet from a risk/reward perspective, but don't for one minute think NIO or Tesla belongs in your retirement account because they don't. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Nio Takes a Step Back in July appeared first on InvestorPlace.
Controversial automaker Tesla, Inc. (TSLA) is slumping badly in this tough summer market, dropping like a rock after a six-week oversold rally reversed in July at major resistance between $250 and $270. Adding to growing shareholder anxiety, the stock just broke intermediate support near $230, exposing a second trip into the psychological $200 level and a critical test at June's three-year low at $176.99. First, Wall Street is concerned Tesla doesn't have a viable path to profitability after it reported a much greater-than-expected loss in July's quarterly report.
Tesla owners in the U.S. and Canada may finally get that free Spotify Premium integration they've been requesting. Tesla CEO Elon Musk tweeted late Wednesday night that Spotify premium integration is "coming." Musk, who has talked about bringing Spotify to owners in North America before, did not provide a timeline. In other words, the music streaming service could be integrated next week or six months from now.
Up until fairly recently, I used to be a big fan of Elon Musk and his vaunted company Tesla (NASDAQ:TSLA). However, a series of unnecessary controversies and unforced errors made me change my opinion. Granted, I still think the man is a genius. However, I wanted to avoid the coming train wreck in TSLA stock.Source: Sheila Fitzgerald / Shutterstock.com And man, was that ever the right decision. Year-to-date, Tesla stock is down more than 28%. Of course, this figure includes the effect of June and July's sympathy rally in TSLA. Without it, shares would have shed closer to 40%.For the bears, I say "never say never." In my opinion, TSLA stock is on the verge of falling into an overwhelmingly negative ecosystem. From internal troubles to external headwinds, Tesla is about to face an unprecedented series of challenges.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three reasons to avoid Tesla stock (unless you want to short it): Recession Cuts Two Ways for TSLA StockOn Wednesday, the Dow Jones Industrial Average suffered an 800-point drop, the worst day of 2019 so far. Since no publicly traded company operates in a vacuum, virtually all stocks tanked. Even companies like UnitedHealth Group (NYSE:UNH) which has no exposure in China dipped severely. This drew fears of a coming recession.Logically, then, it wasn't a good day for Tesla stock, which does have exposure in China. In fact, before the U.S.-China trade war escalated in the past few weeks, TSLA was making an aggressive push toward dominating the electric vehicle market share in China. * 10 Stocks Under $5 to Buy for Fall You can say those plans got scuttled.But that's only the headline headwind. The other swing of the blade comes from a possible recession's associated risks. Primarily, I'm talking about oil prices. During the midweek session, the international oil benchmark Brent crude dropped more than 3% on weak global economic data.That's a massive problem for TSLA stock because it takes away the EV's principal selling point: eliminating pain at the pump.Thus, if we head into a recession, don't expect consumers to jump on EVs. By the way, Tesla's cars aren't that reliable, taking away another selling point and adding troubles to TSLA stock. Tesla Stock Could Get 'ICE-d'I believe most economists agree that we're headed toward at least a market correction, if not a recession. Given that we're on the longest bull market ever, I think that's a reasonable forecast.But let's say that we don't have a recession for whatever reason. Maybe President Donald Trump and Chinese President Xi Jinping engage in a "Titanic"-like bromance. Or maybe the Federal Reserve finally found the magic formula to quantitative easing.Would an extension of the bull market save Tesla stock? I highly doubt it because of the competition.As I argued last month, we're living in the golden age of the internal combustion engine, or "ICE" for short. While fossil-fueled cars are archaic compared to EVs, they offer astounding conveniences and performance at a great price.Previously, I used the example of a Toyota's (NYSE:TM) popular Camry: It's practical, sporty, reliable and affordable. Also, I think it's good looking. But the point is, modern ICE cars are combining so many attributes under one umbrella. On the other hand, because EVs represent relatively new technologies, they lack ICE cars' consumer friendliness.As an aside, consider General Motors' (NYSE:GM) 2020 Corvette. A mid-engine beast that resembles an Italian exotic, GM made the shocking announcement of selling their flagship for only $60,000. Who'd buy an EV under such an aggressive pricing environment?The innovation in ICE cars is bad news for TSLA stock. Same Old TeslaFinally, let's discuss the third reason to avoid TSLA stock: We're still dealing with the same old Tesla. Specifically, the company loves to overpromise and underdeliver.This has been a criticism that has dogged the company for years. Usually, this has revolved around car deliveries. But recently, the bearish assessment extends to product features, such as automated driving.In the past, Wall Street gave Tesla stock substantial leeway. After all, EVs represented an exciting new technology. And while traditional automakers forwarded ugly or otherwise uninspiring hybrids, Tesla cars were undeniably gorgeous. Stated differently, Tesla did EVs right.But the honeymoon phase is over. The Street wants to see hard numbers to back up the premium in TSLA stock. They also want Musk to stop making unnecessary errors and start taking his business seriously.Of course, some of the bullish arguments rest on the company doing exactly that. But for me, I'm going to read between the lines.As you likely know, Tesla has experienced a mass exodus of key executives. Most recently, chief technology officer JB Straubel stepped down from his post.You've got to wonder what's going on at Tesla. Executives at these types of organizations are overpaid and underworked. So it must take something extraordinary for them to give up such great money. Whatever the case, it's probably not conducive for TSLA stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post 3 Reasons to Park Tesla Stock and Leave appeared first on InvestorPlace.
UPS's investment is aimed at helping the company better understand the requirements for "Level 4 Autonomous trucking in its network."
Today on AutoComplete we see why a woman surgically implanted her Tesla's key in her arm and we see a newer, sleeker Apple CarPlay.
This week the Trump administration decided to press pause on tariffs on Chinese electronics and other consumer products until mid December. The move pushed stocks like Apple, higher. But with the those tariffs merely on hold, how should investors view Apple's relationship with China? Loup Ventures Managing Partner Gene Munster, joined The Final Round to discuss.