TSLA - Tesla, Inc.
251.75 -0.63 (-0.25%)
After hours: 7:59PM EDT
| Previous Close | 253.50 |
| Open | 249.30 |
| Bid | 251.67 x 800 |
| Ask | 251.75 x 900 |
| Day's Range | 248.73 - 253.52 |
| 52 Week Range | 176.99 - 387.46 |
| Volume | 8,148,989 |
| Avg. Volume | 11,414,866 |
| Market Cap | 44.971B |
| Beta (3Y Monthly) | 0.34 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -5.69 |
| Earnings Date | Jul 24, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 277.50 |
- Yahoo Finance Video•5 hours ago
Tesla is cutting prices in the U.S. on its Model 3 sedan
Tesla is cutting prices in the U.S. on its Model 3 sedan, amid allegations that factory workers cut corners to keep up with production demands. Yahoo Finance's Seana Smith and Ines Ferre discuss.
- Engadget•10 hours ago
Tesla workers say they used electrical tape in Model 3 production
Tesla may have broken its own records, manufacturing 72,531 Model 3 sedans inthe three months that ended June 30th
- TechCrunch•12 hours ago
Tesla drops 'Standard Range' Model S and Model X, lowers prices of 'Long Range' variants and Model 3
Tesla has made a tweak to its model lineup, eliminating the entry-levelStandard Range variants of its Model S and Model X vehicles
- MarketWatch•1 hour ago
Microsoft worker charged with stealing millions in digital currency scam
A former Microsoft worker has been charged in what investigators describe as a scheme to steal $10 million in digital currency.
- Zacks•3 hours ago
Tesla (TSLA) Dips More Than Broader Markets: What You Should Know
Tesla (TSLA) closed at $252.38 in the latest trading session, marking a -0.44% move from the prior day.
- Market Realist•4 hours ago
Tesla Cuts Car Prices: Why Bears’ Arguments Don’t Make Sense
On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.
- Zacks•6 hours ago
Top Research Reports for Berkshire Hathaway, Pfizer & Danaher
Top Research Reports for Berkshire Hathaway, Pfizer & Danaher
- InvestorPlace•7 hours ago
Why the Math Favors the Premium on Netflix Stock
Recently, Forbes' contributor Panos Mourdoukoutas offered up a frightening thought, at least if you're vested in Netflix (NASDAQ:NFLX) stock. He suggested that the content-streaming giant is the new Tesla (NASDAQ:TSLA). That's only a compliment if you arbitrarily consider only the first half of this decade. But over the last several months, TSLA has largely incurred serious volatility, portending bad news for NFLX stock.Source: Shutterstock Of course, that's only if Mourdoukoutas' analysis is accurate. However, he does bring up some valid points. After all, Netflix stock, just like TSLA, is considered a "hot stock" by investors. Investments like NFLX trade heavily on sentiment and popular themes. In this comparison, NFLX trades on the massive popularity of streaming, while TSLA moves on potentially transformative electric vehicles.And although I'm broadly bullish on NFLX stock, I concede that Mourdoukoutas makes some great points. For instance, these two names don't just trade on blind faith. Concerning Netflix, streaming has revolutionized and utterly disrupted traditional media broadcast. When people talk about cutting the cord, they almost always have Netflix in mind.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Furthermore, with Tesla, neither the company nor its CEO Elon Musk needs introduction. While I have contentions about Musk's unforced errors, he is a genius. And at the very least, he has forced the automotive industry to reconsider its longstanding position on the internal-combustion engine.Therefore, it's easy for investors to believe that they're riding a fundamentally sound narrative when they're actually trading on sentiment. As we saw with Tesla, its fundamentals showed vulnerabilities, hence taking down TSLA.Mourdoukoutas argues the same could happen with Netflix stock due to rising competition in the space, particularly with original content. Why NFLX Stock Is Still a Long-Term BuyNaturally, if you hold a substantial stake in NFLX stock, you want to know if Mourdoukoutas' argument has merit. Under this context, I'm afraid it does. While Netflix is unquestionably a brilliant content creator, the company is not guaranteed to hold this lofty advantage forever.But I think the real question is whether it's likely that Netflix stock suffers the same fate as TSLA; as in, a massive deflation in its share price. Here, I believe NFLX stakeholders can have reasonable confidence in the company's longer-term trajectory. Click to EnlargeThat's because NFLX isn't just a hot stock, but rather a growth stock. Obviously, this means that investors dive into shares because of the growth potential that will eventually transition to consistent earnings. Thus, a genuine growth stock should have a strong relationship between its price action and its top-line sales.And that's exactly what we see with NFLX stock. From the fourth quarter of 2006 through Q1 2019, the correlation coefficient between share price and revenue is 97%. From Q1 2013 through Q1 2019, we see an almost identical correlation strength.In other words, as the company generates more revenue, Netflix stock moves higher.But it's more than that. Netflix's revenue has gained tremendously in magnitude, and it matches the robust profits of NFLX. To put it simply, big revenue in Netflix translates to big returns in NFLX stock. Click to EnlargeMathematically, then, we can determine that Netflix is a classic growth stock. However, TSLA can't quite say the same thing. From Q2 2010 through Q1 2019, the correlation between sales and share price is 76%. But from Q1 2013, that correlation dips to 68%, and from Q1 2015, to 66%.Stated differently, TSLA is no longer a classic growth stock. Thus, it's not the greatest comparison to Netflix stock. Netflix Needs the Streaming Narrative to Stay the CourseNow before you load the boat with NFLX stock, let me clarify one point: just because TSLA is not the best example to compare Netflix with, it doesn't mean the streaming giant's equity will not suffer volatility. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Going back to one of Mourdoukoutas' arguments, media behemoths like AT&T (NYSE:T) will challenge Netflix via its HBO acquisition. In the spirit of full disclosure, you should know that I bought T stock earlier this year. HBO was certainly on my mind when I did.That said, my argument is that Netflix is a genuine growth stock. Therefore, as long as that growth narrative remains intact, shares should move higher. Historically, we have only rarely seen NFLX break below its fundamentals.In my opinion, and the implied opinion of streaming-industry experts, the underlining sector can support multiple content creators. Therefore, Netflix has a strong consumer base from which it can grow both domestically and internationally. So, unless you have some compelling reason not to believe in streaming, I wouldn't worry too much about NFLX stock.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Why the Math Favors the Premium on Netflix Stock appeared first on InvestorPlace.
- Bloomberg•8 hours ago
Musk Stands by His Tesla Appreciation Claim That Was Called ‘Really Dumb’
(Bloomberg) -- Tesla Inc.’s Elon Musk is standing by a claim that the company’s electric cars will be appreciating assets once they’re capable of driving themselves.Musk, Tesla’s chief executive officer, first made the claim in a podcast interview in April that the company’s vehicles will gain in value because they’ll eventually be capable of fully autonomous driving. He stood by this in a reply to a follower who wrote Tuesday that he was unsure if the CEO was joking or making a “really dumb” statement.Quinn Nelson, the owner of a media company that produces videos about tech products, kept engaging Musk in a debate over the claim, which Nelson said “makes no sense.” The CEO replied that Tesla is bundling full-self driving -- or FSD -- into all cars the company builds, and that Tesla will be unable to keep up with demand when the vehicles are capable of complete autonomy.With the exception of collectors’ cars and other rare cases, depreciation has been a fact of life for automakers, dealers and rental-car companies for decades. While Kelley Blue Book has handed Tesla a best resale value award for its Model 3, for example, the car-shopping researcher estimates the sedan retains about 69% of its value after three years.Minutes after engaging in the dispute, Musk, 48, tweeted that Tesla will raise the price of the full-self driving package offered on its vehicles by about $1,000 a month from now.To contact the reporter on this story: Craig Trudell in New York at ctrudell1@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch•8 hours ago
Tesla gets rid of cheaper Model S, Model X options
The latest tweak in Tesla Inc.’s vehicle lineup sees cheaper Model S and Model X models vanish and a lower-price Model 3.
- Barrons.com•8 hours ago
Tesla’s Latest Lineup Tweaks Revive Margin Questions as Earnings Approach
Tesla stock dipped Tuesday as the electric-car maker made a series of adjustments to its vehicle lineup and prices ahead of its next earnings release.
- TheStreet.com•10 hours ago
Tesla's Latest Price Changes Simplify Its Sales Message
The price difference between the most expensive version of Tesla's Model 3 sedan, and the cheapest versions of its Model S sedan and Model X crossover, just got bigger.
- Benzinga•10 hours ago
Tesla Tweaks Pricing Across All Models
Tesla Inc . (NASDAQ: TSLA ) is streamlining its product line and tweaking the prices of its electric vehicles in a bid for another jolt following strong second-quarter sales results. The electric carmaker ...
- Motley Fool•11 hours ago
Checking Up on 5 Stocks That Spoke to Brexit
It’s been just over three years since U.K. citizens cast their votes for “leave." It’s also this podcast's fourth birthday.
- Bloomberg•11 hours ago
Tesla Declines as Model 3 Price Cut Renews Demand Concerns
(Bloomberg) -- Tesla Inc. cut the starting price of the Model 3 sedan in the U.S. weeks after a federal tax credit shrank in half, renewing concern over whether the electric-car maker can sustain sales with less support from incentives.The Model 3 now starts at $38,990, according to Tesla’s website. Arndt Ellinghorst, an analyst at Evercore ISI, wrote in a report Tuesday that the halving of the U.S. tax credit to $1,875 at the beginning of July is causing the company to reduce prices to support demand.“The key question remains -- will Tesla be able to sustain itself given steadily declining ASPs and worsening mix?” Ellinghorst wrote, referring to the average selling prices of the company’s vehicles dropping as the Model 3 becomes a greater share of deliveries.Tesla shares fell as much as 2.2% to $247.93 shortly after the start of regular trading Tuesday. The stock was down 24% this year through Monday’s close.While the starting price of the Model 3 has dropped, Tesla’s moves to simplify its lineup include dropping a standard-range version of its larger and more expensive Model S sedan. The cheapest version available is now $79,990, according to the company’s website.Tesla also cut prices on all vehicles shipped to China, with the Model 3 dropping to 355,900 yuan ($51,764) from 377,000 yuan, according to a Tesla representative. Prices of the Model S and Model X were cut about 4% to 776,900 yuan and 790,900 yuan, respectively.The changes won’t affect prices of Model 3s that will be produced near Shanghai, according to the representative. Tesla is expecting to begin output at a factory there later this year.Tesla is adjusting prices “in order to continue to improve affordability for customers,” the Chinese unit said in a statement. “We are standardizing our global vehicle lineup and streamlining the number of trim packages offered for Model S, Model X and Model 3.”(Updates share move in the fourth paragraph.)To contact Bloomberg News staff for this story: Yan Zhang in Beijing at yzhang1044@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Young-Sam Cho at ycho2@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- InvestorPlace•6 hours ago
Tuesday’s Vital Data: Citigroup, Twitter and Tesla
U.S. stock futures are flirting with unchanged this morning.Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average are up 0.05%, and S&P 500 futures are higher by 0.03%. Nasdaq-100 futures have added 0.01%.In the options pits, overall volume levels sank like a stone Monday. As you would expect for such a lackluster session, calls led the way with about 15.8 million contracts traded versus only 12 million puts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe see-saw action continued in the CBOE single-session equity put/call volume ratio with a rally to 0.59. With the reading in the center of its one-month range, there aren't any signals flashing right now. The 10-day moving average held steady at 0.60.Options trading was hopping in Citigroup (NYSE:C), Twitter (NYSE:TWTR) and Tesla (NASDAQ:TSLA).Let's take a closer look: Citigroup (C)Bank earnings are taking center stage this week. Citigroup led the charge Monday morning with a solid showing. For the second quarter, the company scored $1.95 of earnings-per-share on revenue of $4.79 billion. Both measures reflected modest growth versus the year-ago quarter, where C earned $1.63 on $4.71 billion of revenue.Importantly, the profits came in passed the Street's expectations of $1.81. As has been usual with bank earnings announcements of late, the reaction did little to change the technical posture of the stock. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Citigroup remains in a slow-moving uptrend above all major moving averages. There is quite a bit of old resistance in the $72 to $75 zone making this a tough spot to build out new positions. Nonetheless, the path of least resistance remains higher.On the options trading front, calls ruled the day. Total activity ramped to 276% of the average daily volume, with 155,557 contracts traded; 70% of the trading came from call options alone.With the snoozer of a reaction, implied volatility slipped on the session to lowly 23%. That lands it at the 16th percentile of its one-year range. Volatility sellers were the winners of this quarter's earnings battle. A volatility crush and little change in the stock price is just what the doctor ordered for traders employing short volatility strategies like condors and strangles into the event. Twitter (TWTR)The recent recovery in Twitter shares accelerated with a 2.2% run yesterday. The jump carried TWTR close to a new 2-month high and signals the stock has reclaimed much of the gains scored after last quarter's earnings release.Consider $41 the next upside target. Traders don't have to wait long for the next catalyst. Its earnings announcement looms on July 26 before market open. If history is any indication, TWTR should see a big move after the event.We saw bullish activity on the options trading front as well, with traders heavily favoring calls on the session. By day's end, 189% of the average daily volume racked up, with 128,780 total contracts traded. Calls claimed 75% of the tally.The pre-earnings ramp in implied volatility continued on Monday, pushing the metric to 53% or the 41st percentile of its one-year range. Premiums are pricing in daily moves of $1.30 or 3.4%. Tesla (TSLA)The theme of accelerating momentum continued with Tesla shares. Monday's 3% jump saw heavy volume and is placing an exclamation point on the company's ongoing recovery. Since bottoming at $176.99 on June third, TSLA stock has rallied 43%. Not bad for six weeks of work.In the process, the downtrend was shattered, and both the 20-day and 50-day moving averages reversed higher. There's no doubt buyers hold the upper hand heading into the July 24 earnings announcement. Traders seeking an upside target should keep an eye on $280.That said, the stock is down just shy 2% of premarket, so the five-day rally may finally be ready for a rest. * 7 Stocks Being Inflated by Low Rates On the options trading front, puts outpaced calls on the day despite the rally. Total activity climbed to 144% of the average daily volume, with 399,042 contracts traded. Puts accounted for 59% of the trading.The ongoing recovery in its share price has really taken the wind out of implied volatility's sails. It has descended into the basement at 62%, which places it at the 21st percentile of its one-year range. Premiums are pricing in daily moves of $9.84 or 3.9%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Tuesday's Vital Data: Citigroup, Twitter and Tesla appeared first on InvestorPlace.
- Market Exclusive•11 hours ago
Market Morning: Iran Threatens UK, Blockchain Roadblock, Tesla Slashes Prices, Mnuchin Suspicious of Libra
Iran Supreme Leader Khamenei Threatens UK Speaking of not being comfortable with something, Iran Supreme Leader Ayatollah Ali Khamenei isn’t comfortable with the U.K.’s seizure of an Iranian oil tanker and called it an act of piracy, which technically it is, though it was committed by a state. It threatened Britain saying that the move […]The post Market Morning: Iran Threatens UK, Blockchain Roadblock, Tesla Slashes Prices, Mnuchin Suspicious of Libra appeared first on Market Exclusive.
- American City Business Journals•12 hours ago
Tesla cut corners to hit production goals, former workers say
Production employees working in a makeshift tent at Tesla Inc.’s factory in Fremont routinely used electrical tape to patch cracked plastic components, and would knowingly send cars down the line missing nuts, bolts and lugs, in the interest of building as many cars as possible, according to a new report.
- Markit•13 hours ago
See what the IHS Markit Score report has to say about Tesla Inc.
Tesla Inc NASDAQ/NGS:TSLAView full report here! Summary * Bearish sentiment is high * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NegativeShort interest is high for TSLA with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting TSLA. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.82 billion over the last one-month into ETFs that hold TSLA are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- TheStreet.com•15 hours ago
[video]Tesla Tweaks Model Lineup in Bid to Simplify Pricing; Shares Slip
Electric car maker Tesla announces it is dropping the cheapest versions of its Model S sedan and Model X SUV from its product lineup and adjusting its prices across its range in a bid to simplify its offerings.
- Reuters•21 hours ago
Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to "Long Range" and the more expensive "Performance". It also trimmed the price of its now entry-level Long Range variants.
- Reuters•22 hours ago
UPDATE 3-Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to "Long Range" and the more expensive "Performance". It also trimmed the price of its now entry-level Long Range variants.
