882.65 +1.09 (0.12%)
After hours: 5:57PM EDT
|Bid||881.50 x 1200|
|Ask||881.94 x 800|
|Day's Range||871.00 - 908.66|
|52 Week Range||179.61 - 968.99|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 22, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||616.84|
As the Nasdaq nears highs, top coronavirus play Zoom Video soared on earnings, along with CrowdStrike. Tesla, RH lead growth stocks that have roared back from deep bases on recovery hopes.
After Elon Musk's SpaceX had a successful launch over the weekend, many investors may be taking a closer look at the visionary businessman's electric-car company.
Tesla Inc's (NASDAQ: TSLA) sister company, SpaceX, carried its first astronauts into orbit last week, making history for the private space industry.Achievements such as this have helped CEO Elon Musk attract investments for ambitious projects. SpaceX's recent $125 million funding round brought the company to a $36 billion valuation, according to CNBC. Morgan Stanley cites a valuation closer to $50 billion.Starlink SuccessThe analysts suspect SpaceX's value lies largely in Starlink, the company's low-latency broadband internet system."We are modeling for $10 billion to $15 billion from 2020-2025 for Starlink, with the potential for more from ground terminals, 30,000 additional satellites and replacement of satellites, and expenditures associated with Starship/hypersonic point-to-point transport and Mars/deep space exploration," analysts Armintas Sinkevicius, Adam Jonas, Simon Flannery and Matthew Sharpe wrote in a note.In a best-case scenario, with the broadband internet taking off, SpaceX could achieve a $120 billion valuation. If the project fails entirely and SpaceX remains a satellite launcher, valuation could drop to $5 billion.Starship SupportMorgan Stanley also sees potential in SpaceX's Starship, "which can accelerate the deployment of the Starlink network, and unlock opportunities around hypersonic point-to-point transportation and deep space exploration," the analysts wrote.The company's first Starship technology to pass the cryogenic tanking test failed to withstand a static fire test last week, but SpaceX has already begun construction on a new prototype. President and COO Gwynne Shotwell has forecasted successful Starship flights by 2026.Related Links:SpaceX Falcon 9 Launch A 'Major Shot In The Arm' For Tesla Brand, Analyst SaysTesla's Stock And SpaceX Launches: Are Traders Looking For A Connection?Latest Ratings for TSLA DateFirmActionFromTo May 2020Daiwa CapitalInitiates Coverage OnOutperform May 2020WedbushMaintainsNeutral May 2020JMP SecuritiesMaintainsMarket Outperform View More Analyst Ratings for TSLA View the Latest Analyst Ratings See more from Benzinga * Here's How Amazon Could Become A Threat To Tesla, Ford And More With Zoox Buy * Apple Vs. Tesla: Morgan Stanley Breaks Down The Parallels * Here's What Kara Swisher And Chamath Palihapitiya Think About Elon Musk's Threats To Leave California(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Stocks were sharply mixed early Tuesday in the wake of President Trump's comments. Zoom Video will report after the close.
Debt financing is a feasible option as long as the companies succeed in generating a higher rate of return compared to the interest rate
Dow Jones futures were up early Tuesday. Tech giants Apple, Netflix and Tesla were in new buy zones, while Domino's Pizza broke out.
Tesla stock has soared since its swoon in March. Now, after quarterly results blew past earnings estimates, and with production of its all-electric vehicles resuming, is the stock a buy?
Tesla Inc. (NASDAQ: TSLA) Chief Executive Officer Elon Musk on Monday, said it wasn't right for three other officers involved in the case of George Floyd's death to go scot-free.What Happened "Definitely not right that the other officers were charged with nothing," Musk said in response to a tweet. "What message does this send in general to officers who stand by while another does wrong?"> Definitely not right that the other officers were charged with nothing. What message does this send in general to officers who stand by while another does wrong? JusticeForGeorge> > -- Elon Musk (@elonmusk) June 1, 2020One police officer, Derek Chauvin, has been charged with third-degree murder for Floyd's death. In a video posted online, Chauvin could be seen kneeling at Floyd's neck, even as the latter pleaded that he couldn't breathe and later fell unconscious, a statement of probable cause filed in a Minnesota court said, as reported by CNN.Three other police officers, J Alexander Kueng, Tou Thao and Thomas Lane, were also present at the scene and were aiding Chauvin in the arrest of Floyd for passing counterfeit currency, according to the official complaint.Hennepin County Attorney Mike Freeman on Friday said charges were likely to be brought against the three other officers following Chauvin's arrest, CNBC reported.Keung, Thao, and Lane were all fired by the Minneapolis Police Department after the case emerged, but haven't been formally charged or arrested. Musk also agreed with a tweeted clip of Chris Rock's Netflix show, where the comedian could be heard arguing that cases of police brutality can't be written off as a case of "bad apples."> Chris Rock didn't miss talking about bad apples. How can you not agree with his point? pic.twitter.com/j7qwlhoC2Q> > -- Marshall Harris (@mharrisonair) May 31, 2020What Else Other major technology companies, including Amazon.com Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Twitter Inc. (NYSE: TWTR), and Netflix Inc. (NASDAQ: NFLX) have also issued strong statements in support of Floyd and the resulting protests.Price Action Tesla shares closed 7.6% higher at $898.10 on Monday. The shares traded 1.2% lower at $887 in the after-hours session.See more from Benzinga * NASA Astronauts Launched By SpaceX Reach International Space Station, Celebrate Historic Moment * Nio CEO Says Tesla An Ally In Increasing Sales, Remains Bullish On Chinese EV Market Growth * 20 Tesla Employees Worked At SpaceX Ahead Of NASA Astronauts Launch(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- Yandex NV will test a driverless car it developed with Hyundai Motor Co. in Detroit as the Russian technology giant makes plans to approximately double its fleet of self-driving vehicles.Yandex plans to buy 100 of the cars, which are souped-up versions of Hyundai’s Sonata, the company said in a statement on Tuesday. The test-drives, which had been planned around the now-canceled Detroit Auto Show, will commence on public roads in the city once lockdown restrictions are lifted, it said.Yandex and the South Korean company announced their partnership last year, seeking to create both a prototype of a driverless car and an autonomous control system that could be marketed to rival car manufacturers and car-sharing startups. The new, fourth-generation Hyundai model has been tweaked to help the system better detect what’s around the vehicles.The new Sonata has nine sensors, up from six, and has moved the radar system from underneath the bumpers to the roof, improving the system’s ability to distinguish objects around the car. Lidars, laser-based systems for measuring distance from a target, have also been moved to improve visibility. A human driver will be present in the car, but the vehicle should operate autonomously.Yandex operates a taxi service with its autonomous vehicles in the Russian city of Innopolis, though most of its fleet is currently occupied with test runs, which will gradually teach its driving software the skills it needs to react to incidents on the road. The company’s autonomous fleet, which recently exceeded 100 cars, have run 3 million autonomous miles, in cities including Moscow and Tel-Aviv.The road to mass-market robo-taxis has been fraught, with developers burning cash to create cars that can safely operate without a driver and win regulators’ approval. And the Covid-19 pandemic and accompanying lockdowns have hit the industry hard.Read more: The State of the Self-Driving Car Race 2020Competitors including General Motors Co.’s Cruise and Uber Technologies Inc. have cut staff recently, while Ford Motor Co. shifted plans to start self-driving services by a year to 2022. Self-driving trucks startup Starsky Robotics shut down in March with its founder saying that “supervised machine learning doesn’t live up to the hype.”Still, the promise of driverless vehicles and the revolution they could bring to everything from personal transportation to logistics, means the technology is still attracting investors. Amazon.com Inc. is in talks to acquire autonomous vehicle startup Zoox Inc., the Wall Street Journal reported last week. Analysts from Morgan Stanley estimate that Amazon could save $20 billion a year with the technology, which would also allow the e-commerce giant to compete in ride-sharing and food delivery.Read more: Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its HeelsYandex, Russia’s largest internet-search engine and ride-hailing operator, has spent $35 million over the past three years to develop its self-driving cars, using technologies such as machine learning and image recognition from its other businesses.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.
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's <TSLA.O> locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.
SpaceX and NASA’s historic human spaceflight proves what space investors are betting on — commercial companies that can lower the cost to access space.
Tesla stock surged Monday, breaking out into a buy range after some fairly tight action in recent weeks from the normally volatile trading of shares in the manufacturer of all-electric cars.
As SpaceX successfully takes flight, Elon Musk-chaired Tesla stock also rockets higher, and is added to Leaderboard.
Although Elon Musk was celebrating SpaceX’s first successful manned launch into space over the weekend, he remained well-aware of the civil unrest on the ground. The CEO of Tesla (TSLA) and SpaceX addressed the protests that have escalated in the week since George Floyd, an African-American man, died after white Minneapolis police officer Derek Chauvin kneeled on his neck for several minutes, which was caught on a citizen video that went viral. While Chauvin was arrested and charged with third-degree murder and manslaughter last Friday, the other three police officers who stood by while Floyd said, “I can’t breathe,” still have not been charged.
Elektrek’s Fred Lambert pointed out that while the automatic braking system is always improving, it isn’t ready to prevent all accidents like this. “The reason why Tesla and other vehicles on driver-assist features hit stationary objects on the road while at highway speed like that is due to them trying to reduce the number of false-positive braking events,” he explained. Tesla did not immediately respond to a request for comment.
A partnership between the National Aeronautics and Space Administration and privately held launch company SpaceX was responsible for sending two astronauts to the International Space Station. The news lifted shares of two other companies, Tesla (NASDAQ: TSLA) and Virgin Galactic Holdings (NYSE: SPCE), for related but somewhat different reasons. Tesla shares rose almost 6% Monday morning, reaching their best level since their February all-time highs.
Here's how investors should be thinking through the impact of social unrest sweeping the country.
Shares of Amyris (NASDAQ: AMRS) soared as much as 20.9% today after an article on Seeking Alpha suggested the synthetic biology company could be the next Tesla. On the one hand, what investor wouldn't want to own the next Tesla? Shares of the electric vehicle manufacturer and energy pioneer have jumped 3,570% since the initial public offering (IPO).
SpaceX’s launch of two astronauts from American soil—the first for the U.S. since 2011 and the only time a NASA crew has headed into space on a commercially built rocket and capsule—made Saturday a day for the history books. Now Wall Street is explaining why the SpaceX success is good for (TSLA) stock. The news connection is obvious: Elon Musk leads both companies.
Major stock indexes were higher early Monday on rising U.S.-China tensions. Pfizer dove 7% on a failed drug trial.
Tesla could face stiffer competition in the world’s biggest car market. Local champions are gearing up to take it on in China. Reuters sources say luxury electric vehicle brand Polestar - owned by Chinese automaker Geely - is planning a big expansion of its sales network. Right now it has just one showroom there, in Beijing. Now 20 are planned, with most opening in the third quarter of this year. Like Tesla, it plans to sell direct to customers, not through third-party dealers. That means an upfront cost developing showrooms. But gives it more control over retail prices. Based in Sweden, Polestar is closely associated with Geely-owned Volvo. It started producing sedans earlier this year in China, and will export them to Europe and the U.S. Right now Tesla has over 50 showrooms in the country. And Polestar isn’t its only competition. Rival Xpeng plans to have about 200 outlets by the end of the year. And with backing from online commerce giant Alibaba it’s got the financial firepower to compete. Meanwhile China’s government wants 25% of all domestic car sales to be electric vehicles by 2025. That leaves a lot to play for.