|Bid||228.80 x 900|
|Ask||229.16 x 1000|
|Day's Range||227.57 - 234.74|
|52 Week Range||176.99 - 387.46|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||280.31|
Elon Musk announced he's removing himself from Twitter by posting a Twitter message. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi and Sibile Marcellus discuss.
Nvidia is teaming up with Volvo, the world’s second-largest commercial truck manufacturer, to develop self-driving capabilities for a range of commercial vehicles.
Yesterday, Tesla (TSLA) stock continued to trade on a positive note for the third session in a row. Sunday evening, Tesla CEO Elon Musk said, "Just deleted my Twitter account." However, the fact that he said he deleted his Twitter account in a tweet raised doubts about his claim, and it’s still uncertain whether or not he was joking.
GM is one of many automakers trying to chase Tesla (TSLA) as the top electric and autonomous vehicle manufacturer, with plans to produce 20 models of electric cars by 2023.
The stock market finished higher, with techs and small caps leading the advance. FANG stocks, Lululemon and Tesla helped boost the Nasdaq.
Uber’s disruptive technology, explosive growth, and constant controversy make it one of the most fascinating companies to emerge over the past decade.Uber's journey to becoming the world's most highly valued a private startup.
Indices tiptoed higher on Monday, but investors are waiting to hear what the Federal Reserve has to say later this week before making any drastic moves. That's not stopping some companies from pouncing though, as M&A continues to be a theme over the last few weeks. Let's let a deal kick off our top stock trades for Tuesday. Top Stock Trades for Tomorrow 1: Pfizer Click to EnlargePfizer (NYSE:PFE) stock is in the news following its $11.4 billion acquisition of Array Biopharma (NASDAQ:ARRY) for $48 per share. The deal sent the latter up by more than 50%, while the former is trying to breakout over resistance as well.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today PFE stock has been a better sell than buy up near $43 to $43.50, and a solid buy down near $40. That said, with shares holding up on news of this deal -- actually eking out a gain on Monday -- and trading north of all three of its major moving averages, it looks okay on the long side.If it can clear $43.50 though, it WILL be setting up as a breakout. Over that and $45 is in sight, with even higher prices possible should PFE push through. Top Stock Trades for Tomorrow 2: Gilead Sciences Click to EnlargeThe PFE deal has biotech trading higher on the day and Gilead Sciences (NASDAQ:GILD) is no exception. Shares are up more than 1% on the day, as GILD stock pushes through its 200-day moving average.The 200-day happens to overlap with $76 range resistance, so perhaps this area knocks the stock down once more. However, if GILD can push through, a run up to $70 is possible. If it is resistance, a decline down to the 50-day is expected, with a possible decline down to uptrend support being possible. Top Stock Trades for Tomorrow 3: Tesla Click to EnlargeShares of Tesla (NASDAQ:TSLA) are moving really well on Monday, up over 5% on the day and up over $225. It puts the 50-day moving average in play currently at $231.45, as well as channel resistance near $235 to $240.Should Tesla rally this far, it would be a logical place to book profits for traders. Above it and former range support between $250 to $260 comes into play. In May that area acted as resistance for TSLA.On a pullback -- either from current levels or after tagging resistance -- see that channel support (blue line) holds. Ideally though, the 20-day will act as support for Tesla. Top Stock Trades for Tomorrow 4: Facebook Click to EnlargeThe big blue box on the Facebook (NASDAQ:FB) chart above represents the gap that was created from the company's disappointing quarterly results 11 months ago.Shares have pushed into this gap twice, in August 2018 and Q2 2019. Neither time has the stock been able to "fill" the gap all the way back up.With FB stock now jumping higher though, is the third time a charm? Maybe. Shares have climbed aggressive off the $160 lows and 200-day moving average, up almost $30 per share in just a few weeks. FB previously topped out near $196 and needs to push through this mark, as well as prior uptrend support (blue line) to fill the gap even more.The 61.8% is at $182.34, while the 50-day is at $182.18. So long as it holds $182, FB looks okay on the long side. Below and it can get a little choppier. Top Stock Trades for Tomorrow 5: Netflix Click to EnlargeNetflix (NASDAQ:NFLX) stock has been highly responsive to this $340 to $342 level. Buyers gobble it up each time NFLX dips in this area of range support. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 That makes it a simple setup, and simple is what we like when it comes to trading. Below the 200-day and traders can cut their losses when dip-buying into this area. Now up a quick 10 points, let's see how NFLX handles the 50-day moving average. Above it could send Netflix to range resistance up near $380.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 5 Top Stock Trades for Tuesday: FB, NFLX, GILD, TSLA appeared first on InvestorPlace.
Highly anticipated quarterly production and delivery data can move Tesla’s share price but delivery numbers often change multiple times before quarterly and annual SEC filings
Taking cues from the broader market movement, most auto companies traded on a slightly positive note last week. General Motors, Fiat Chrysler, and Toyota rose 0.5%, 0.5%, and 1.6%, respectively.
Earlier today, US Commerce Secretary Wilbur Ross once again hinted at President Donald Trump’s willingness to impose auto tariffs on Europe. While talking to CNBC, Ross said that he is positive about a US-Europe trade deal.
(Bloomberg) -- Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms.Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to stay relevant as car ownership changes. The shift is “inevitable” as companies such as Tesla Inc. explore their own insurance options, he said in an interview Monday.“Within five years, particularly in an urban environment, we’ll find a very different approach to the supply of a motor vehicle and the insurance that goes with it,” Neal said. “It won’t be conventional motor insurance.”Experts have been saying that driverless cars may drastically cut the need for individuals to purchase auto policies. Neal, responding to a question about Tesla’s decision to create its own insurance product with help from the industry, said that autonomous vehicles will merely result in demand for a different product, and not the end of car insurance.To contact the reporter on this story: Katherine Chiglinsky in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Musk also changed the handle of the account to Daddy DotCom, possibly a reference to Father's Day. Musk's usage of Twitter had gotten him in hot water recently, with the SEC accusing him of violating a previous settlement to have his tweets reviewed for material information about the company.
(Bloomberg) -- China is ordering carmakers to conduct checks on electric vehicles after cars made by Tesla Inc. and NIO Inc. caught on fire, spurring anxiety over the safety of battery-powered automobiles.Companies need to check for potential safety hazards with battery boxes, waterproof protection in cars, high-voltage wiring harnesses, as well as on-board charging devices, the country’s industry and technology ministry said in a statement posted on its website. Automakers need to submit their findings by the end of October.The order comes after a run of fires involving EVs in what is the world’s biggest market for the new technology. NIO -- a Nasdaq-listed electric car startup from Beijing with aspirations to rival Tesla -- said Friday one of its ES8 SUVs caught fire, the third time in about two months the model has been involved in an incident. Tesla said it was investigating after video of one of its cars bursting into flames in Shanghai spread on Chinese social media in April. Weeks later, there were reports of a Tesla Model S combusting in Hong Kong.Tesla Fires Sound Alarms About Electric-Car Battery SafetyThe Chinese ministry said safety checks should also be carried out on cars that have already been sold, with special attention paid to highly used vehicles such as cabs, according to the statement.Lithium BatteriesElectric cars are increasingly using high-density lithium batteries to extend their driving ranges, as demand for the vehicles climbs. A mix of subsidies and favorable policies helped push Chinese EV sales beyond 1 million units last year, luring a raft of newcomers to the business.The $18 Billion Electric-Car Bubble at Risk of Bursting in ChinaIn 2018, China recorded at least 40 fire-related incidents involving new-energy vehicles, a fleet that includes pure battery electric, hybrid plug-in and fuel-cell vehicles, according to the State Administration for Market Regulation. The watchdog has called for scrutiny of NEV quality and recalled more than 130,000 cars last year.China isn’t the only place where EV fires are on the radar. Audi said June 10 it is recalling its first all-electric vehicle sold in the U.S. because of the risk of battery fire. About 540 E-Tron SUVs have been voluntarily recalled on risk that moisture can seep into the battery cell through a wiring harness glitch. Talks with German authorities about a potential recall in Europe are ongoing, Audi spokesman Udo Ruegheimer said last week.NIO ProbeNIO is cooperating with an official investigation into an ES8 fire in Shanghai, with the cause of the blaze to be made public once the report is finalized, said Izzy Zhu, a NIO vice president in charge of user development. NIO its conducting its own probe into last Friday’s fire, the company said in a separate statement.EVs are no more prone to accidents or fires than gasoline-powered cars -- and might be less so, according to a 2017 report by the U.S.’ National Highway Traffic Safety Administration. But that report also notes battery technology is still evolving and there isn’t a consensus on safe system design.To contact Bloomberg News staff for this story: Tian Ying in Beijing at email@example.comTo contact the editors responsible for this story: Young-Sam Cho at firstname.lastname@example.org, Emma O'Brien, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Sunday, June 16 was Father's Day in the United States and the Tesla Inc chief has a history of being playful with his Twitter account, one of corporate America's most-watched. In February, Musk briefly changed his display name to "Elon Tusk" and added an elephant tag to his account. Musk has previously been accused by the U.S. Securities and Exchange Commission for disclosing misleading corporate information about Tesla on Twitter.
Many investors expect more market volatility. Brad Klapmeyer says his mutual fund outperforms amid volatility, making it one of the top mutual funds.
Elon Musk says he’s deleting his Twitter account 10 months after his use of the social media site landed him in trouble with U.S. regulators.
Adobe and Oracle shares are vulnerable despite trading near all-time highs, suggesting that investors tighten up risk parameters.
The account has remained up since that tweet, but that hasn’t stopped investors from breathing a sigh of relief that the Tesla CEO's tweets might not be a factor they have to consider.
Since December, Tesla (NASDAQ:TSLA) stock has been agonizing for the longs, as the price had gone from $356 to a low of $177, despite the rally of the stock market. During this period, there have been nice rallies in the shares of giant tech companies like Facebook (NASDAQ:FB), Netflix (NASDAQ:NFLX) and Microsoft (NASDAQ:MSFT).Source: Mike Lau via Flickr (Modified)Tesla stock has generally been volatile. After all, most new automakers have failed miserably!But over the past week, TSLA stock has risen 5%. Can this uptrend last? Or could this mostly be a relief rally by TSLA stock as the short sellers close out their positions? Keep in mind that, during the first quarter, the company reported a disappointing 63,000 deliveries.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Well, of course, TSLA CEO Elon Musk is supremely optimistic. At this week's shareholder meeting, he set out to answer some of the questions swirling around Tesla.Perhaps the most important statement from Elon Musk was the following: ""I want to be clear: there is not a demand problem. We have a decent shot at a record quarter on every level. If not, it will be very close."Let's hope so. Because if TSLA doesn't deliver on the forecast by Elon Musk, then TSLA stock will certainly take another hit. Other Risks Facing Tesla StockThe irony is that a spike in deliveries may create its own issues for TSLA. Note that Elon Musk also said that Tesla's growth will probably not be cheap. If TSLA's margins decline, the increased production will put lots of pressure on its bottom line. It's also worrisome that TSLA has a solar-installation business, which is also capital intensive. At some point, it would not be surprising for Elon Musk to need to raise billions more from Wall Street.Another concern is that Tesla's overall business is getting more complex. It's building a massive battery factory in China and has one planned for Europe as well. TSLA is also looking at entering the insurance industry and is considering building a robotaxi network of 1 million vehicles.At the shareholder's meeting, Elon Musk even mentioned that TSLA may get into the mining business, in order to have more control over the supply of commodities it uses, like lithium and cobalt. In the meantime, the company will start producing the Model Y, a compact SUV. The Model Y and the Tesla Semi freight truck are both slated to be launched in late 2020.Elon Musk has never lacked for ambition. But even he has limits. Does he really need to do all these things? The Bottom Line on Tesla StockBased on analysis from third parties like Electrek, it does look like TSLA has seen a pick-up in demand during the past couple months. Yet this uptick may prove to be temporary.One reason is that the federal tax credit for purchasing Teslas will decline from $3,750 to $1,875 by the end of this month. In other words, people may be rushing to buy Tesla's vehicles before the credit drops. A similar phenomenon probably occurred at the end of last year, when Tesla's deliveries reached a record.Meanwhile, TSLA has been aggressively reducing the prices of its vehicles. That could boost its unit sales, but also hit its margins. According to analysts at Cowen: "Basic microeconomic theory would suggest that goods or services that don't have a demand problem, don't see their prices lowered by half a dozen times in 4-5 months."Finally, competition is likely to become a bigger factor, especially in China, which is a meaningful part of Tesla's growth strategy. There are multiple companies that only make electric vehicles in China, including Nio (NYSE:NIO) and more well-established firms, such as BYD (OTC: BYDDF).So in light of all this, it's probably best to be skeptical on TSLA stock despite its latest rally.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Why the Rally of Tesla Stock Could Reverse appeared first on InvestorPlace.
Global index provider MSCI gave Tesla top ranking for ESG policies last year, despite poor governance, while FTSE ranked the electric carmaker bottom. An article on June 12 incorrectly stated that Tesla ...