|Bid||197.95 x 1000|
|Ask||198.08 x 1200|
|Day's Range||197.25 - 203.94|
|52 Week Range||195.25 - 387.46|
|Beta (3Y Monthly)||-0.39|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||283.32|
It’s another rough day for Tesla. The stock is down about 40% so far this year and off again today. The electric car maker is now cutting prices in hopes of getting more buyers in the door. Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Rick Newman discuss.
NYU professor Scott Galloway told Yahoo Finance that Tesla will likely be acquired and suggested that Apple is a likely suitor.
Morgan Stanley out with a jaw dropping worst case price target going from $97 dollars to just $10. Yahoo Finance's Jen Rogers, Myles Udland and Melody Hahm discuss.
Morgan Stanley revealed a bearish "worse case scenario" for Tesla, predicting the price could drop to $10. The Wall Street Journal's Tech and Auto reporter Tim Higgins told Yahoo Finance's Seana Smith that Tesla is in its "awkward teenage years."
Citi and B. of A. Merrill Lynch analysts join in criticism of Tesla as stock barely holds above $200 and extends losing streak to sixth day.
extended their decline to a sixth consecutive session Wednesday following yet another bearish note from Wall Street analysts as pressure piles on the clean-energy carmarker's plans to turn a profit from its flagship Model 3 sedan. Citigroup analyst Itay Michaeli cut his price target on the group by nearly 20% to $191 per share, while maintain a sell rating, citing a "negatively skewed" risk/reward scenario in the company's near-term outlook linked to concerns over cash flow and customer demand. Michaeli said the group's recent capital increase of $2.7 billion gives the balance sheet cushion against a 2019 downturn, but stressed the company needs to address its significant cash burn rate.
Electric-car giant Tesla is trading nearly 4% lower at about $197.50 Wednesday as I write this, and here are four bad signs I see for the stock. The main reason for Wednesday's sell-off appears to be Citibank's decision to cut its "bear-case" price target for Tesla to just $36 a share one day after Morgan Stanley slashed its own bear-case estimate to just $10. Citi also cut its "regular" Tesla price target to $191 from a previous $238.
Tesla's latest version of its Navigate on Autopilot feature poses a "serious" safety risk for drivers, Consumer Reports said. Consumer Reports tested the feature on a Model 3. The test of Tesla's Navigate on Autopilot feature performed worse than human drivers and even created new risks for them, the magazine said.
After Morgan Stanley, Citi Hits Tesla with a Bearish OutlookTesla stockIn the last couple of weeks, Tesla (TSLA) has attracted a storm of negativity. On May 22 at 9:04 AM EDT, Tesla stock fell to $198.77 in the premarket session, down 3.1% from its
Citigroup analyst Itay Michaeli lowered his price target to $191 from $238, highlighting “negatively skewed” risks and lingering demand and cash flow concerns. Tesla fell for a sixth day in early Wednesday trading, shedding as much as 3% to $199. Tesla’s $2.4 billion capital raise this month was “a positive step but won’t necessarily get the balance sheet out of the woods” if the company can’t meet free cash flow targets, Michaeli wrote.
"It appears much of the pressure on the stock over the past few days/weeks has been driven by shorts pressing aggressively," BofA analyst John Murphy writes. Tesla stock is down nearly 40% in the last six months and down 26% since April 1. Tesla's TSLA recent stock price plunge is likely due to short sellers increasing their bets against the company, Bank of America told clients Wednesday.
ZWICKAU, Germany (AP) — Over 115 years the auto industry in the east German town of Zwickau has lived through wrenching upheavals including World War II and the collapse of communism. Now the city's 90,000 people are plunging headlong into another era of change: top employer Volkswagen's total shift into electric cars at the local plant.
has plenty of work to do in soothing investors' nerves. The carmaker's stock is down almost 3% so far this week on a pair of gloomy analyst notes citing major concerns around Tesla's growth profile going forward, and they're down almost 38% this year. Overall, Tesla shares are trading at their lowest level in almost two-and-a-half years.
If you followed me over the years here on Real Money Pro or standing in over on the Daily Diary for Doug Kass, you know my views on Tesla Inc. While many pundits have called Tesla CEO Elon Musk a visionary, I always have thought he is the greatest "crony capitalist" so far in the 21st century. The fact that Tesla Motors managed to achieve a market capitalization greater than General Motors Co.
Citi lowered its price target on Tesla to $191 from $238 Guggenheim named Anheuser-Busch InBev a best idea Evercore ISI upgraded Legg Mason to in-line from underperform Stephens downgraded Activision Blizzard to equal-weight from overweight Bank of America upgraded Ericsson to buy from neutral J.
Morgan Stanley announced its bearish outlook for Tesla. Yahoo Finance's Julie Hyman, Adam Shapiro, Emily McCormick, Rick Newman and Mattie Duppler, National Taxpayers Union Senior Fellow, discuss.