204.35 -1.01 (-0.49%)
After hours: 5:29PM EDT
|Bid||204.83 x 1400|
|Ask||204.90 x 4000|
|Day's Range||195.25 - 206.00|
|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|
Stock fell Monday as the impact of the White House’s decision to blacklist Huawei rippled through markets Monday.
A known Tesla bull grows more bearish on the company’s prospects and calls on Musk and executives to abandon "sci-fi” side projects.
Concerns about slower growth and underlying demand for the Model 3 in the U.S. caused a Wall Street analyst to slash his price target on Tesla stock, which fell to a 29-month low.
Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker's future. Tesla's stock fell 3.8% to $203.03, bringing its loss to 11% since the National Transportation Safety Board said on Thursday that the Autopilot system was engaged during a fatal collision of a Model 3 on March 1, in at least the third deadly U.S. crash reported involving the driver-assistance system. Investors were also spooked after Musk told employees on Thursday he would increase cost-cutting and that $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter.
The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up its balance sheet. In that span, Tesla has plunged more than 20% and fallen back behind Ford Motor Co. by market capitalization. In a note Sunday, Wedbush analyst Dan Ives wrote that Tesla faces a “Kilimanjaro-like uphill climb” to hit targets for profitability in the second half of the year.
Tesla Inc. (TSLA) has won widespread acclaim for its pioneering work in bringing electric vehicles into the mainstream, as a growing number of legacy automakers bring their own electrified offerings to market, the company appears to be increasingly under pressure. One of the key supports undergirding Tesla's still-vaunted share price is the idea CEO Elon Musk has built a "different kind of automaker" that eschews the long timelines and conservative product development cycles that define the established competition. Warning! GuruFocus has detected 4 Warning Signs with TSLA.
The price of TSLA has been accelerating on the downside the past few weeks and further weakness seems likely. In the daily bar chart of TSLA, below, we can see three peaks in price -- the middle of June, early August and early December. Support was broken and now traders need to look way back at the end of 2016 for a possible support area.
Skyrocketing compensation received by Corporate America's leading chief executives continues to be a topic of heated debate, and that's nowhere more clear than in the latest list of best paid CEOs, which includes well-known names such as Tesla Inc. CEO Elon Musk, Walt Disney Co. CEO Bob Iger and Apple Inc. leader Tim Cook. The first among them was Tilray Inc. (TLRY), a Canadian company majority-owned by private equity firm Privateer Holdings. Among the biggest beneficiaries of Tilray's IPO was its CEO and President, Brendan Kennedy, who was the second-highest paid U.S. executive in 2018 among companies traded on U.S. exchanges.
Key Support Levels to Watch as the Tesla Sell-Off ContinuesTesla stock is being hammeredOn May 20 at 1:55 PM EDT, Tesla (TSLA) stock was trading at $204.74, down 3.0% from its May 17 closing price. The stock posted a daily low of $195.25 this
General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet. GM and other established automakers have been slow to catch up with electric automaker Tesla Inc, which has for years used smartphone-style over-the-air upgrade technology to change the function and feel of its vehicles overnight. Earlier this month, for example, Tesla responded to reports about its vehicles catching on fire by pushing out an over-the-air update for battery management software.
Tesla stock remains under heavy selling pressure, with shares falling below $200 for the first time since 2016 on Monday. Now what?
Shares of Tesla are down 50 percent since September, with concerns about demand for its Model 3 in the U.S. at the forefront. Daniel Ives of WedBush said in a client note Monday that so far there seems to be mixed signals on demand for the Model 3 which could make it harder for Tesla to achieve a profit in its third and fourth quarters and the future. Palo Alto, California-based Tesla said last month it lost $702.1 million in the first quarter, among its worst quarters in two years.
Colin Rusch from Oppenheimer joins CNBC's "Closing Bell" to talk about why Tesla's stock is trading lower and his firm's outlook for the automaker.
Paul Ingrassia, Revs Institute Editor, and CNBC's Phil LeBeau join 'The Exchange' to discuss Tesla's downgrade from Wedbush and what it means from the stock.