352.19 +3.35 (0.96%)
Pre-Market: 9:13AM EST
|Bid||352.34 x 800|
|Ask||352.45 x 1100|
|Day's Range||339.31 - 350.73|
|52 Week Range||176.99 - 377.87|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||286.81|
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros (£3.44 billion) in the plant.
U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan ($62,495.56) and 509,900 yuan, respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before Jan. 25 next year.
Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros ($4.41 billion) in the plant.
(Bloomberg) -- Tesla Inc. aims to produce as many as 500,000 of its Model 3 and Model Y electric cars annually at its planned factory close to Berlin, Bild Zeitung reported.The carmaker will employ about 10,000 people at the site, which will occupy an area equivalent to 420 soccer fields, the newspaper said, citing initial plans for the factory, which shows a complete production line as well as testing facilities. Construction is set to start next year.Tesla Chief Executive Officer Elon Musk wants Germany to sweep away its notorious red tape to speed construction of the facility, avoiding the bureaucracy that’s held up building Berlin’s new airport. Economy Minister Peter Altmaier said this week that he will try to ease regulatory hurdles that may snag construction. “There’s a lot at stake” in Tesla’s plan, he said.After a slow start, electric-vehicle sales are picking up in Germany, overtaking Norway as Europe’s biggest market. Chancellor Angela Merkel’s government is targeting as many as 10 million electric cars on German roads by 2030 to help achieve carbon-reduction targets.To contact the reporter on this story: Brian Parkin in Berlin at email@example.comTo contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org, Chris Reiter, Iain RogersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. and Chinese trade negotiators are reportedly planning for a delay in tariffs due to take effect on Sunday, while Democratic lawmakers reached an agreement with the Trump administration to support a trade deal with Mexico and Canada. House Democrats also announced two articles of impeachment against President Donald Trump. The Wall Street Journal reported today that U.S. and Chinese trade negotiators are laying the groundwork to delay a fresh round of tariffs on $165 billion worth of Chinese imports set to kick in on Dec. 15.
The United States Mexico Canada Trade Agreement is similar to the North American Free Trade Agreement, or Nafta, with a few important changes.
Japanese automaker Toyota Motor Corp (NYSE: TM ) is speeding up efforts to launch its first battery-operated Lexus vehicles by 2020, according to The Nikkei Asian Review . The luxury vehicle division ...
German-based chemical company BASF has reportedly planned to build a cathode factory to the tune of €500 million in the state of Brandenburg, Germany, that will cater to materials for the battery production of electric cars. The existing BASF plant in Schwarzheide, Brandenburg, accommodates 1,973 workers, and the new cathode factory is expected to employ close to 8,000 people once set up.
Tesla, Eldorado Resorts, Dick???s Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day
Privately held supercar company McLaren wants to build electric vehicles in the near future. When they do, McLaren’s offerings will directly compete with the high-end Tesla Roadster due out in 2020 or 2021.
Leading Chinese billionaire entrepreneurs are investing heavily in electric vehicles, but their roads to profitability may be rocky.
Dow book a triple-digit loss Monday, and all three major U.S. stock indexes end lower, as investors wait on global central bank policy updates this week and a key tariff deadline on Sunday.
Elon Musk’s company wants to mount lasers on its cars. Even if the technology doesn’t work, the patent application illustrates one thing: Tesla is a master at generating buzz.
The year 2019 is shaping up to be yet another lost year for Tesla (NASDAQ:TSLA) stock investors. TSLA stock is up only 3% year-to-date compared to a 28% gain by the S&P 500. But Tesla's essentially flat 2019 performance is a fairly accurate assessment of how little things have changed in the past year.Source: Shutterstock Nearly one year ago, I wrote a story entitled "Tesla Stock: Too Bad to Buy, Too Good to Short." Heading into 2020, I believe that thesis still holds true for TSLA stock. Inconsistent NumbersLooking back on that article from January 2019, it's uncanny how few things have changed this year for TSLA stock investors. At the time, Tesla was coming off its first quarterly profit since the launch of the Model 3. That profit came in the third quarter of 2018. Today, Tesla investors' spirits are high after the company reported a surprise profit in Q3 of 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Energy Stocks That Are Still Worth Buying In 2020 Unfortunately, Tesla's financial track record has been extremely inconsistent. The company will need to string together at least three consecutive profitable quarters for me to buy into the narrative that its money-losing days are behind it.Everyone who went ga-ga over Tesla's Q3 earnings of $1.86 per share seems to have forgotten that Tesla reported EPS of $2.90 in Q3 2018. It came back with positive EPS of $1.93 in Q1 of 2019 before once again dropping to heavy losses in the next two quarters. TSLA Stock and More StorytellingTSLA also recently unveiled the Cybertruck, its futuristic answer to the F-150 that features indestructible windows. One thing Tesla stock investors should know by now is that Tesla is always promising the next big thing. It's the Tesla story that keeps Elon Musk's disciples buying shares.The Cybertruck won't move the needle for Tesla until at least 2021. Even then, I predict most of the sales will come from existing Tesla customers rather than new customers. In other words, the Cybertruck will likely cannibalize higher-margin Model X and Model S sales.One of the bullish catalysts from the Q3 earnings call was claims by the company that the Chinese Gigafactory is nearly up and running. As usual, the stock rallied on hopes and dreams for the future rather than the actual business that Tesla is doing today. Of course, leading Chinese electric vehicle maker Nio (NYSE:NIO) has blamed a difficult macro environment in China for its 2019 implosion.NIO stock is down 65% year-to-date operating in what Tesla investors see as the "land of EV opportunity." I'm not saying Tesla can't make China work, but it may not be the walk in the park some bulls are assuming. The Bull and Bear Cases for TSLAAssume Tesla can sustain the $1.94 in third-quarter EPS over the next three quarters. That would represent $7.72 in earnings over a one-year period. At $335 per share, TSLA stock would be trading at an earnings multiple of about 43.3. Remember, Ford (NYSE:F) and General Motors (NYSE:GM) are trading at earnings multiples of 22.3 and 5.7, respectively.Tesla bulls would argue that Tesla is a growth stock, not a value stock like Ford and GM. But Tesla reported an 8% drop in revenue in the third quarter. Maybe that's a temporary bump in the road. Maybe not. Unfortunately, Tesla's numbers have been all over the place in recent quarters, a trend that hasn't changed at all in 2019.At the same time, Tesla short sellers are playing a dangerous game given TSLA stock is one of the most heavily-shorted stocks in the world. As of late October, Tesla's short interest was $8.3 billion, making it the second-most shorted U.S. equity, according to S3 Partners.Not only does that short interest provide buying support on every dip, there is a major risk of a short squeeze if Tesla reports blowout numbers at any point.In addition, while Tesla's financial position doesn't seem to be nearly as dire as it was several quarters ago, the stock likely has limited downside. Even if the company screws up its execution, the Tesla brand has value, and its luxury models are very popular. Tesla would become a buyout target for a large auto or tech company at some point if the stock dipped low enough. Stay Away From TSLA StockAs I said a year ago, Tesla stock is extremely unpredictable and volatile. If you're bullish on TSLA stock, wait another couple of quarters for the company to prove it's on the right track. If you're bearish, there are plenty of safer shorts out there.As of this writing, Wayne Duggan held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks That Are Still Worth Buying In 2020 * 7 Strong Stocks to Buy That Won Q3 Earnings * 5 Safety Stocks to Buy Without Trade War Exposure The post Tesla Stock Is Still a Crapshoot in 2020 appeared first on InvestorPlace.
Less than a month ago, I wrote a piece on InvestorPlace detailing five "lottery stocks" -- or high-risk, high-reward stocks with huge long-term upside potential -- that were worth buying because their risk-reward profiles were starting to skew strongly towards the reward side.Normally, when you buy lottery ticket stocks, you hope all of them work out. But, realistically, you expect one or two out of a dozen to work, with the premise being that one big winner will more than offset multiple losers.The lottery stocks I proposed in mid-November have fared much better than that. Four out of those five lottery stocks are up since then. All four of those stocks have posted gains north of 6%, while the S&P 500 is up less than 1% over that same stretch. One of the lottery stocks is up nearly 30%. And, one of them has nearly tripled.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, if you bought just 1,000 shares of each one of those lottery stocks back in mid-November (and consequently put down about $30,000), you'd already be up about $5,000 … in roughly three weeks. * 7 Energy Stocks That Are Still Worth Buying In 2020 That's the good news. The better news? All five of these lottery stocks could go much, much higher in 2020. Yes, they should still be looked at as high-risk, high-reward investments that should only be considered by investors with a healthy risk appetite. But, as far as the lottery stock category goes, these are the cream of the crop heading into 2020. Plug Power (PLUG)Source: Shutterstock % Return Since mid-November: -16% Current Price: $3.15 Potential Future Price: $12 (for numbers behind this price target, please refer to my previous lottery ticket stock article)Hydrogen fuel cell, or HFC, maker Plug Power (NASDAQ:PLUG) is a strong lottery stock worth considering because the HFC market is starting to show promising signs of enterprise adoption. That is, as businesses increasingly turn towards alternative fuel solutions, they are increasingly unimpressed by the long re-charge times and short ranges of electric vehicles. And some of these businesses are turning towards hydrogen cars (which have shorter re-charge times and longer ranges). If this trend persists over the next several years, and HFC technology becomes a viable second-fiddle in the alternative fuel world to electric battery tech, then Plug Power's revenues, profits and stock price will all march materially higher. PLUG stock has struggled over the past month. Shares are down more than 15% thanks to a public share offering. But, this offering does not alter the fundamentals at all. The enterprise HFC market continues to gain momentum, and recent weakness should be seen as an opportunity.In 2020, Plug Power should continue to win over multiple enterprise contracts, the sum of which will sustain huge revenue growth. That big revenue will drive gross and operating margins materially higher, and potentially push Plug Power significantly closer to profitability. The closer this company gets to profitability, the more bulls will remain in control and the higher PLUG stock will go. NIO (NIO)Source: Sundry Photography / Shutterstock.com % Return Since mid-November: +28% Current Price: $2.30 Long-Term Price Target: $14Chinese premium electric vehicle (EV) maker NIO (NYSE:NIO) is a pure play on the Chinese EV market. In a nutshell, China's EV market is booming, and will continue to boom thanks to government support and growing consumer demand. As the Chinese EV market stays in boom mode, the premium EV market will grow, too. In that market, NIO and Tesla (NASDAQ:TSLA) are the best games in town. Because NIO has struggled over the past few months amid slowing economic activity in China, NIO stock isn't priced to be a big player in China's premium EV market at scale. Instead, it's priced to be squeezed out of the market. But, more recent trends imply that NIO will survive and thrive in the premium EV market. If that happens, then NIO stock has huge upside potential in the long run.NIO stock is up nearly 30% over the past month because company's operational trends are improving. That is, throughout the first half of 2019, NIO's delivery volumes were falling. But, that trend has reversed course. Over the past four months, NIO has reported rising delivery volumes. As delivery volumes have bounced back, so has NIO stock. * 7 Low-Risk Mutual Funds to Buy Now This rally will continue into 2020. All signs point to the reality that U.S.-China trade tensions will ease in 2020. As they do, Chinese economic activity will pick up, leading to a rebound in China's auto and EV markets. A rebound there will help support continued growth at NIO, especially since the company plans to launch yet another new car next year. Continued growth in 2020 will lend credibility to the idea that NIO is in the early stages of turning into a dominant player in China's premium EV market. As that thesis gains credibility, NIO stock will continue to rebound. Stage Stores (SSI)Source: WhisperToMe via Wikimedia Commons% Return Since mid-November: +168% Current Price: $5.81 Long-Term Price Target: $10Struggling department store retailer Stage Stores (NYSE:SSI) is worth looking at as a lottery stock candidate because it is in the early stages of a huge transformation that could change everything for its longer-term prospects. Specifically, Stage Stores is going from full-price retailer, to off-price retailer, by closing some of their full-price Stage Stores stores, and converting the rest into off-price Gordmans stores. Management is doing this because the off-price Gordmans stores are performing much better than the full-price Stages Stores stores, and because the off-price department store model has worked well in the face of increasing digital competition -- see the success of TJX (NYSE:TJX) or Ross Stores (NASDAQ:ROST).SSI stock is up a jaw-dropping 170% over the past month because early data from this pivot has been very promising. That is, Stage Stores converted 17 department stores to Gordmans off-price in the third quarter. Not coincidentally, comparable sales rose a whopping 17% in the quarter.This transition is still in its early days. By year end, Stage Stores projects to have 158 off-price locations. By the end of 2020, it will have 700. That means that the bulk Stage Stores' off-price transition will happen in 2020. That also means that the bulk of the financial benefit of this off-price transition (higher comps, higher revenues, higher margins and higher profits) won't show up until 2020 or 2021. Because of this, the red-hot rally in SSI stock will likely continue into 2020. Aurora Cannabis (ACB)% Return Since mid-November: +7% Current Price: $2.43 Long-Term Price Target: $16The long-term bull thesis on Aurora Cannabis (NYSE:ACB) revolves around two central ideas. First, the global legal cannabis market will be huge one day. Today's demand, black market competition and legislation headwinds will all die down over time. At the end of the day, consumers really like cannabis (almost as much as they like alcohol), and the market will inevitably adjust to win this huge demand. Second, Aurora has a compelling opportunity to be a sizable player in that huge market at scale, both because the company is already very big in the cannabis space, and because they have as much cannabis production capacity as anybody.The intense selling in ACB stock has temporarily paused, and shares are up 7% over the past month for a few reasons. First, the House Judiciary Committee approved the Marijuana Opportunity, Reinvestment and Expungement Act (MORE) Act, taking the U.S. one step closer towards federal legalization of cannabis. Second, Aurora opened a flagship retail store in Edmonton (at North America's largest mall), in a sign that retail expansion is gaining momentum. Third, Ireland approved Aurora's CBD oil drops for certain medical purposes. * 10 Best-Performing Growth Stocks of the 2010s These positive developments will continue to materialize in 2020. U.S. legislation should creep closer towards the federal legalization of cannabis. Demand in the legal Canadian channel should improve, thanks to legal producer's having more capacity, better distribution, an expanded retail footprint and a wider variety of products (edibles and vapes will be huge sellers in 2020). Meanwhile, progress will continue to be made on the international front. All together, the sum of these positive developments should drive a big rebound in ACB stock in 2020. Stitch Fix (SFIX)Source: Sharaf Maksumov / Shutterstock.com % Return Since mid-November: +6% Current Price: $23.38 Long-Term Price Target: $64Shares of personalized styling service Stitch Fix (NASDAQ:SFIX) have multi-bagger potential because this company is pioneering a new way of shopping that could disrupt the huge apparel retail market. The current apparel retail shopping model involves a lot of customer work -- customers have to either go to a website or a store, peruse/try-on different styles, build a shopping cart of items and then do some editing of that shopping cart at the check-out. Stitch Fix is changing the shopping model by taking the customer work out of it. That is, Stitch Fix requires customers to just answer a few questions, from which Stitch Fix personally curates apparel items for customers, and then mails those items to the customers' front doors.Seems more convenient than shopping, right? It is. Sure, it costs more. But, not that much more. If anything has rung true in the internet era, it is that consumers are willing to pay up for convenience. As such, Stitch Fix has a compelling opportunity to disrupt the way consumers shop. If this disruption is successful, Stitch Fix will be a huge grower for a lot longer -- they posted only $1.6 billion in sales over the past twelve months, and apparel retail sales measure $430 billion in the U.S. and United Kingdom alone.And calendar 2020 could be a really good year for Stitch Fix. U.S.-China trade tensions are easing. Recession talk is fading. The global economic outlook is improving. At the same time, labor markets globally remain healthy, with pretty much everyone working and getting raises. All of these dynamics will converge in 2020, and push consumer spending trends materially higher. That will provide a lift to Stitch Fix's operations, and the company's growth trends could improve meaningfully in 2020.As of this writing, Luke Lango was long PLUG, NIO, TSLA, SSI and SFIX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks That Are Still Worth Buying In 2020 * 7 Strong Stocks to Buy That Won Q3 Earnings * 5 Safety Stocks to Buy Without Trade War Exposure The post 5 Strong Lottery Ticket Stocks That Could Soar In 2020 appeared first on InvestorPlace.
Tesla's long-term vision of selling a diverse fleet of electric cars at multiple price points is well understood by investors. Investors were worried about production issues as little as three months ago.
The Dow Jones was under mild selling pressure along with the other major stock indexes Monday as Wall Street eyed the Dec. 15 China tariff deadline.
(Bloomberg) -- Another Tesla Inc. vehicle operating on the carmaker’s driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of automated technology on public roads.A Tesla Model 3 sedan hit a parked police cruiser with its hazard lights flashing on a major highway near Norwalk, Connecticut, over the weekend. The collision occurred around 12:40 a.m. local time Saturday, when a highway-patrol vehicle stopped to assist a disabled SUV in the left-center lane of Interstate 95, according to a Connecticut State Police report.“When operating a vehicle your full attention is required at all times to ensure safe driving,” the state police wrote Saturday in a Facebook post. “Although a number of vehicles have some automated capabilities, there are no vehicles currently for sale that are fully automated or self-driving.”A similar incident last year in which a Tesla Model S slammed into the rear of a fire truck on a Southern California highway triggered an investigation by the U.S. National Transportation Safety Board. While neither crash resulted in injuries, both raise questions about the use and limitations of advanced driver-assist technology that can struggle to detect stationary objects.There’s no indication at this time that the NTSB’s Office of Highway Safety intends to investigate the latest crash, a spokesman for the agency said in an email. Representatives for Tesla didn’t immediately respond to requests for comment.On Saturday, the 2018 Model 3 was traveling in the same lane as the parked police cruiser, which it hit before continuing on and damaging the bumper of the disabled Jeep. The rear end of the police cruiser and front end of the Model 3 sustained “heavy” damage, but the state trooper was outside the police car at the time of the accident, according to the police report.The driver of the Tesla told police his car’s Autopilot feature had been activated and he was not facing forward -- he was checking on his dog in the back seat, according to the state police’s Facebook post. Police issued him a ticket for first degree reckless driving and endangerment.Tesla releases quarterly reports that it says indicate drivers using Autopilot are safer than those operating without it. The company also has said the system repeatedly reminds drivers they are responsible for remaining attentive and prohibits the use of Autopilot when warnings are ignored.(Updates with NTSB spokesman’s comment in fifth paragraph.)\--With assistance from Ryan Beene.To contact the reporter on this story: Chester Dawson in Southfield at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
“Musk is a product of our age. Entitled, arrogant, unbelievably rich and powerful, he reckons normal rules don’t apply to him,” Shard Capital strategist Bill Blain wrote in a note on Monday.
The driver of the Tesla Model 3 said he had turned on the car’s Autopilot feature and was checking his dog when his car rear-ended the police car, and then also hit a stalled car. There were no serious injuries.