TSLA - Tesla, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
510.30
-4.06 (-0.79%)
As of 12:39PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close514.36
Open510.26
Bid513.42 x 900
Ask513.63 x 900
Day's Range491.23 - 516.48
52 Week Range176.99 - 968.99
Volume7,026,353
Avg. Volume20,876,246
Market Cap94.094B
Beta (5Y Monthly)0.48
PE Ratio (TTM)N/A
EPS (TTM)-4.92
Earnings DateApr 21, 2020 - Apr 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est466.22
  • General Motors races to build emergency ventilators
    Yahoo Finance Video

    General Motors races to build emergency ventilators

    Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Rick Newman break down how General Motors is converting its manufacturing process to build ventilators and its tense relationship with the White House.

  • Barrons.com

    Tesla Stock Sags as Wall Street Cuts Forecasts for Deliveries. But Numbers Shouldn’t Matter Right Now.

    Tesla stock is under pressure, down about 2%. Concern over Covid-19 and what it will do to first-quarter deliveries is one explanation.

  • Tesla will make Medtronic ventilators at New York gigafactory
    American City Business Journals

    Tesla will make Medtronic ventilators at New York gigafactory

    Medtronic, which is trying to boost production of ventilators used to help the sickest COVID-19 patients, will get an assist from automaker Tesla Inc., which will convert a New York production plant to churn out medical devices instead of solar power cells.

  • Dow Jones Futures: Can Stock Market Rally As New Coronavirus Cases Fall? Amazon, AMD Lead Six Stocks To Watch
    Investor's Business Daily

    Dow Jones Futures: Can Stock Market Rally As New Coronavirus Cases Fall? Amazon, AMD Lead Six Stocks To Watch

    A stock market rally attempt is underway in the midst of the coronavirus crisis. This is what investors should do now.

  • Barron's Picks And Pans: Tech Picks, SoftBank, REITs, Tesla And More
    Benzinga

    Barron's Picks And Pans: Tech Picks, SoftBank, REITs, Tesla And More

    * This weekend's Barron's offers 25 tech stock picks for a coronavirus world. * Other featured articles look at whether drug makers should be more coronavirus-focused, stocks to buy for the long run and which dividends are safer. * Also, the prospects for a Japanese conglomerate, the top electric vehicle maker, real estate investment trusts and more."Tech Stocks to Buy Amid the Chaos" by Eric J. Savitz points out that the coronavirus sell-off is creating opportunities across the tech landscape. Five experts share their top picks, including Microsoft Corporation (NASDAQ: MSFT) and some of the FAANG stocks.Josh Nathan-Kazis's "Big Pharma and Biotech Need to Do More to Fight Against Covid-19" asks whether drug makers from Pfizer Inc. (NYSE: PFE) to Gilead Sciences, Inc. (NASDAQ: GILD) should be doing nothing else now but focusing on halting the coronavirus.In "Forget the Politics, It's Time to Buy Stocks," Jack Hough looks at why investors who can stay in the market for a decade should buy now, diversify and not worry about finding a bottom. See why Boeing Co (NYSE: BA) and others could be worth holding for the long run.Japanese conglomerate SoftBank has holdings worth almost triple its current stock price. So says "Hear Me Out: There's Still Value in SoftBank Group" by Eric J. Savitz. Among those holdings are stakes in Sprint Corp (NYSE: S) and Uber Technologies Inc (NYSE: UBER).In Lawrence C. Strauss's "Dividends Are in Danger. Here Are Some Safer Plays," see whether Nordstrom, Inc. (NYSE: JWN) is among the opportunities to find equity income right now mentioned by a global strategist featured in the article.See Also: Leon Cooperman, Others Weigh In On Whether The Stock Market Has Hit Bottom"12 Stocks Multifactor-Screened for Extra Safety" by Al Root discusses how many stocks may look like bargains, but looks can be deceiving. Barron's suggestions for navigating troubled waters include Intel Corporation (NASDAQ: INTC) and Merck & Co., Inc. (NYSE: MRK).All real estate investment trusts should not be evaluated the same, according to Lawrence C. Strauss's "Residential REITs Will Weather the Crisis Better Than Malls." Are Equity Residential (NYSE: EQR) or Simon Property Group Inc (NYSE: SPG) worth considering now?In "Buy Tesla Stock. A Comeback Will Happen Eventually," Al Root shows why a pair of Wall Street analysts are feeling optimistic about Tesla Inc (NASDAQ: TSLA) stock despite the announced factory closures and the cash burn.See more from Benzinga * Benzinga's Bulls And Bears Of The Week: Boeing, Netflix, Nike, Target And More * Barron's Picks And Pans: Big Tech Picks, Bank Stocks Large and Small And More * Bulls And Bears Of The Week: Amazon, Boeing, Coca-Cola And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Oilprice.com

    Why Are Tesla Cars So Popular?

    From their sleek futuristic design to the company’s out-of-this-world CEO, Teslas are more popular than ever, but what fueled their rise to glory?

  • Trump Orders GM To Make Ventilators After Contract Confusion
    Investor's Business Daily

    Trump Orders GM To Make Ventilators After Contract Confusion

    President Trump ordered General Motors to make ventilators late Friday, invoking the Cold War-era Defense Production Act.

  • Will First Quarter Delivery Numbers Fuel Or Flatten Tesla Stock?
    Investor's Business Daily

    Will First Quarter Delivery Numbers Fuel Or Flatten Tesla Stock?

    The disruption to Tesla caused by the Covid-19 pandemic could be revealed this coming week if the electric-car company reports data on first quarter vehicle deliveries as expected.

  • How Will Traditional Automakers Transition To Electric Vehicles?
    Benzinga

    How Will Traditional Automakers Transition To Electric Vehicles?

    Every transition is hard and, usually, expensive. The automotive industry is no different.Even with producers of electric-only vehicles, like Tesla, Inc. (NASDAQ: TSLA), Neuron EV and Chinese company Nio Inc (NYSE: NIO), the majority of future electric vehicles should come from the existing big automakers, which will have to switch from their current combustion engine models. And they are already doing so by introducing new electric models, electric alternatives of current models, and big plans for future electric vehicle production. Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) make the vast majority of their sales from trucks and SUVs. That percentage is 82% today, and it is expected to grow to 87% by 2026. This isn't a new trend. Ford's F-150 has been the top-selling model in the U.S. for many years. As a result, in spite of the plan to aim for emission-free electric cars, sales of trucks and SUVs will likely keep growing to more than 5 million units (SUVs and pickup trucks) in 2026.On the other hand, their production of EVs will also grow, and the two automakers expect to sell approximately 320,000 EV units in 2026. This number may not look impressive, but it is 10 times more than these companies plan to deliver in 2020 (though it is still fewer than the 367,500 units that Tesla delivered in 2019).Things Standing In The Way Of More Electric VehiclesThe current oil price war between Russia and Saudi Arabia has resulted in an extreme drop in gasoline prices, in some areas lower than< $2 per gallon. This has resulted in a bit of a shock to the electric vehicle market, as one of their keyadvantages has been much cheaper energy costs. Also, the coronavirus pandemic has forced many countries to switch their focus to basic needs like consumer staples, food, obtaining medical equipment like ventilators and other medical supplies. Because of this, companies like Piedmont Lithium Limited (NASDAQ: PLL) are expecting that their projects in the U.S. related to the production of lithium and other elements, materials, and high-tech equipment necessary for electric vehicles will face a year or two of delays. We still have to wait and see what kind of relief measures may be passed by the U.S. government to help stimulate the EV and renewable energy industries. In the meantime, players in this industry will have to cope with the crisis the world's economy is currently in, just like everybody else. This article is not a press release and is contributed by Ivana Popovic who is a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. Ivana Popovic does not hold any position in the mentioned companies. Press Releases - If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com Questions about this release can be sent to ivana@iamnewswire.comThe post How will traditional automakers transit to electric vehicles? appeared first on IAM Newswire.See more from Benzinga * Why Now Is The Time To Look Towards Solar * Tesla's Long-Term Prospects Remain Positive While Automakers Turn To Ventilators * Roku Or Netflix – Which One Is Better In The Near Term?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 2 Reasons to Drive Home the Discount in Tesla Stock
    InvestorPlace

    2 Reasons to Drive Home the Discount in Tesla Stock

    Despite my long-term bullishness, I concede that the wild swings in the markets have been discomfiting for my readers. Truly, we're witnessing an unprecedented response to this crisis that will impose both societal and economic scars. As you might expect, companies which are levered to consumer sentiment like Tesla (NASDAQ:TSLA) have taken a beating. At one point, TSLA stock was driving toward four-digit prices. Now, it's well off its record highs.Source: Sheila Fitzgerald / Shutterstock.com Nonetheless, with shares above $500, TSLA stock is actually one of the best-performing stocks of this year, up nearly 21%. That's remarkable considering that the Nasdaq Composite is still down about 15% year-to-date despite recent substantial momentum.On Wednesday, the Senate approved a historic $2 trillion stimulus package, designed to support floundering businesses and provide immediate relief to American families. And Friday it passed in the House of Representatives.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, many questions remain about how the U.S. will fight the coronavirus from China pandemic, and more importantly, how we as a nation will recover. Understandably, broader hesitation exists toward discretionary retail names. Nevertheless, I believe investors can find encouragement that TSLA stock has remained strong amid the turmoil. * 10 Undervalued Stocks Crashing on the Coronavirus Pandemic That said, here are a few reasons why you should consider Tesla's market discount. TSLA Stock Has a Great PR BoostOn Thursday, it was announced that the U.S. leads the world in coronavirus cases. Although it's not a great statistic, anybody that has been closely following trends understands that this was inevitable. As I'll explain later, it doesn't take away from the fact that we're heading toward the end of this crisis.Unfortunately, the one concerning outlier is the state of New York. At time of writing, it had nearly 39,000 cases, a figure that will explode higher over the next 24 hours. The most crucial problem is that hospitals in high-risk areas such as New York City are desperately running low on beds and ventilators.However, Tesla is stepping up big time, with CEO Elon Musk announcing that he will reopen the New York Gigafactory quickly to manufacture ventilators for Covid-19 patients in that state. For people suffering from the disease, this move is a godsend.Additionally, the perception of the government response has been very negative. Thus, Tesla has the opportunity to play the hero. But will that help TSLA stock?Obviously, it couldn't hurt. But various studies demonstrate that "modern consumers trade in the currency of goodwill." And with word of mouth traveling at the speed of light, this is a huge moment for Tesla and TSLA stock. Traditional Automakers Can't Take AdvantageThat said, not everything is going Tesla's way. A significant headwind is that Saudi Arabia and Russia are now engaged in an oil price war. Because this deeply affects the domestic oil industry, the U.S. has urged Saudi Arabia to stand down.We'll see what comes of it. Even if the Saudis end the oil war, it won't immediately send oil back to prior highs. After all, this isn't just a supply issue but rather a demand problem. Thus, with lower prices at the pump, this dynamic theoretically bolsters traditional automakers like General Motors (NYSE:GM) and Toyota (NYSE:TM).The thing is, their shares are in the red for the year, whereas TSLA stock is well in the black. In my opinion, cheap gasoline prices alone won't reverse this circumstance.As you know, the pandemic has been brutal for all automakers due to global supply chain disruptions. Mathematically, though, this headwind impacts traditional manufacturers over the long run more so than it does Tesla and other electric vehicle companies.That's because EVs have fewer moving parts, translating to a simpler, streamlined platform. On the other hand, a car with an internal-combustion engine has tens of thousands of parts. Some could be critical, meaning that a little component built in some far-off land could keep you grounded indefinitely. Bottom Line on TSLA StockTesla remains one of the best-performing stocks on the market in 2020 so far. Additionally, it doesn't stand to be impacted as hard by the coronavirus as some of the other automakers -- meaning TSLA stock remains an interesting pick here.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post 2 Reasons to Drive Home the Discount in Tesla Stock appeared first on InvestorPlace.

  • Barrons.com

    Buy Tesla Stock, Wall Street Says. A Comeback Will Happen Eventually.

    STOCK ALERT A pair of Wall Street analysts are feeling optimistic about Tesla stock. New Street Research analyst Pierre Ferragu upgraded Tesla shares to the equivalent of Buy from Hold on Friday. In another Friday research report, Piper Sandler analyst Alexander Potter said Tesla stock should be bought on the recent “market dislocation,” according to multiple media reports.

  • Tesla to reduce on-site staff at Nevada gigafactory by 75%
    TechCrunch

    Tesla to reduce on-site staff at Nevada gigafactory by 75%

    Tesla is reducing the number of on-site workers at its Nevada gigafactory by 75% in response to the growing spread of COVID-19, according to an update from Storey County, where the massive plant is located. The information, which was first reported by Bloomberg, was part of a larger update on the Tahoe Reno Industrial Center and its response to COVID-19, a disease caused by the coronavirus. The privately owned 107,000-acre industrial park, known as TRIC, is home to the Tesla gigafactory, Google and Switch, as well as a Walmart distribution center and PetSmart.

  • Barrons.com

    Boeing Takes Market-Cap Crown From Tesla as Bailouts Target Commercial Aviation

    Boeing reclaimed its position as the largest American industrial firm, cracking the $100 billion market-capitalization threshold again.

  • Video shows Tesla Model 3 automatically stopping for red light
    Autoblog

    Video shows Tesla Model 3 automatically stopping for red light

    Tesla owners who bought the $7,000 Full Self Driving (FSD) option have been waiting for what Tesla CEO Elon Musk calls the "feature complete" version of the autonomous software, as there remain driving maneuvers a Tesla can't pull off on its own. In November 2018, an owner showed off an early beta of the feature, and early last year, the automaker said FSD would add "Automatic driving on city streets," including the ability to "Recognize and respond to traffic lights and stop signs." After another firmware update, last March a hacker discovered code in his Model 3's software concerning the red lights, was able to activate it, and made a video of the feature in action.

  • Tesla To Reduce 75% Of All On-Site Staff At Nevada Gigafactory Due To Pandemic
    Benzinga

    Tesla To Reduce 75% Of All On-Site Staff At Nevada Gigafactory Due To Pandemic

    Tesla Inc. (NASDAQ: TSLA) is cutting three-fourth of its on-site staff at the Nevada gigafactory due to the impact of the novel coronavirus (COVID-19) outbreak in the country.What Happened Austin Osborne, manager for the Storey County, where the Tesla manufacturing plant is located, gave the update in a statement late Thursday."Tesla has informed us that the Gigafactory in Storey County is reducing on-site staff by roughly 75% in the coming days," Osborne said, as earlier reported by Reuters.The county manager added that all companies at the Tahoe Reno Industrial Center (TRIC) "are taking the COVID-19 matter seriously." "Checking employee temperatures, creating central access, allowing remote work, maintaining workstation distance, and others are occurring," Osborne added.More details weren't immediately available, including the number of workers affected by the decision. It's also not clear how long the reduction will last, or if the workers will continue to receive pay and benefits.Why It Matters Tesla's battery supplier Panasonic Corporation (OTC: PCRFY), had last week announced that it would suspend operations at the Nevada plant.As reported by the Reno Gazette-Journal, the company said it would ask all 3,500 of its workers to stay at home for at least the next two weeks.Tesla earlier this month shut down production at its Fremont and New York factories as authorities asked non-essential businesses to halt operations to curb the spread of the coronavirus.The company has instead suggested that it will make ventilators at the factories for critically-ill patients who require oxygen support.Price Action Tesla's shares closed 2.06% lower at $528.16 on Thursday. The shares traded further 0.22% lower at $527 in the after-hours session.Photo Credit: Public domain photo via Wikimedia.See more from Benzinga * 1,000 Google Employees Volunteer To Help Expand Sister Company's Coronavirus Testing Program * Veeva Systems' CRM Product Is Seeing Ten Times More Usage During Coronavirus Pandemic * Trump Lashes Out At Washington, Michigan Governors For Pandemic Response: 'We Don't Like To See The Complaints'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • 1,000 Google Employees Volunteer To Help Expand Sister Company's Coronavirus Testing Program
    Benzinga

    1,000 Google Employees Volunteer To Help Expand Sister Company's Coronavirus Testing Program

    A thousand Google LLC employees have volunteered to help with the novel coronavirus triage testing program developed by fellow Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Verily.What Happened "People across Alphabet are volunteering time [and] I've never seen so much commitment to do the right thing," Verily chief medical and scientific officer Jessica Mega told CNBC in a telephonic interview.Verily had screened more than 20,000 California residents and tested more than 1,200 as of Wednesday with the help of the increased manpower, Mega said.The Verily triage program launched on March 15 in the Santa Clara and San Mateo counties of California. Earlier this week, it expanded the program to Riverside and Sacramento counties.Verily also launched a video on Thursday detailing how the testing works.Why It Matters Google had launched a separate coronavirus information website earlier this month.A number of other companies, including Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), the Space Exploration Company, and Tesla Inc. (NASDAQ: TSLA) have stepped in to participate in the efforts against the pandemic.Apple has said that it would donate 10 million masks to healthcare workers to protect them against the deadly virus. Tesla is making ventilators, while the other company led by Elon Musk, SpaceX, is developing face shields and protective suits.The United States now has the world's highest number of confirmed coronavirus cases at 85,991, according to data from Johns Hopkins University.Price Action Alphabet Class A shares closed 5.65% higher at $1,162.92 and traded slightly higher in the after-hours session at $1,163. Class C shares closed 5.38% higher at $1,161.75 and traded nearly 0.2% lower in the after-hours at $1,159.55.Photo Credit: Courtesy of Verily.See more from Benzinga * Veeva Systems' CRM Product Is Seeing Ten Times More Usage During Coronavirus Pandemic * Trump Lashes Out At Washington, Michigan Governors For Pandemic Response: 'We Don't Like To See The Complaints' * Slack To Integrate With Microsoft Teams For Cross-Platform Calls(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tesla’s Nevada Gigafactory to Cut On-Site Staff by 75%
    Bloomberg

    Tesla’s Nevada Gigafactory to Cut On-Site Staff by 75%

    (Bloomberg) -- Tesla Inc.’s Nevada gigafactory is reducing on-site staff by 75% in the coming days to help slow the spread of the coronavirus, according to the county where the plant is located.Storey County said local companies regularly tell it about the measures they are taking to adhere to guidelines aimed at combating the outbreak. The gigafactory produces battery packs and electric motors with partner Panasonic Corp.Panasonic said its half of the factory has been idle since a few days after Nevada ordered the closing of non-essential businesses on or about March 17. Tesla representatives in China didn’t immediately respond to calls seeking comment.Two Tesla employees have tested positive for the coronavirus, according to an internal email this week, which didn’t specify which office they worked in. Last week, Chief Executive Officer Elon Musk capitulated to pressure from police and county health officials to suspend production at Tesla’s lone U.S. car-assembly plant in California.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.

  • Reuters

    REFILE-China's auto industry wastes no time coaxing drivers back to showrooms after lockdown

    China's auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through campaigns as unusual as a makeup-promoting personality touting car leasing. Social media celebrity Lipstick King urged millions of fans on a live-streamed shopping show to sign up to a lease deal for General Motors Co's Cadillac CT4 compact sedan. The plug is just one part of an eruption of promotional campaigns featuring steep discounts, cold-calling and gimmicks, from an industry obliterated by government restrictions on movement imposed in January to curb the spread of a virus which in China has infected 81,000 people and caused 3,300 deaths.

  • Tesla to slash on-site staff at Nevada factory by 75% due to virus: county manager
    Reuters

    Tesla to slash on-site staff at Nevada factory by 75% due to virus: county manager

    BEIJING/TOKYO (Reuters) - U.S. electric carmaker Tesla Inc <TSLA.O> plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager said on Thursday. The move comes after its Japanese battery partner Panasonic Corp <6752.T> said it would scale down operations at the Nevada factory this week before closing it for 14 days. The factory produces electric motors and battery packs for Tesla's popular Model 3 sedans.

  • 5 Top Stock Trades for Friday: AVGO, LVGO, TSLA, MU, SPXU
    InvestorPlace

    5 Top Stock Trades for Friday: AVGO, LVGO, TSLA, MU, SPXU

    Another solid pop in the stock market has the Dow Jones Industrial Average 25% off its highs and up 18% from its lows. Something's got to give. That said, let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO) Click to Enlarge Source: Chart courtesy of StockCharts.comWe've seen a huge rebound in the market over the past few days and that goes for Broadcom (NASDAQ:AVGO) stock as well. Shares fell more than 50% from $320 in mid-February to sub-$160 in March.However, after rebounding $80 per share to $240, the stock is starting to look a bit tired. $240 appears notable on the chart here, while downtrend resistance (blue line) could be playing a role as well.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem From here, let's see if AVGO can hurdle and close above $240. Above it puts $260, then $275 on the table. If it can't clear $240, though, then the $200 to $210 area is on the table, and potentially lower. Top Stock Trades for Tomorrow No. 2: Livongo Health (LVGO) Click to Enlarge Source: Chart courtesy of StockCharts.comLivongo Health (NASDAQ:LVGO) stock has actually traded pretty well despite the surging in volatility. Now, the current setup is looking rather bullish.This setup is -- thankfully -- very simple. Rising uptrend support (blue line) is squeezing LVGO stock up into static resistance at $24. This is known as an ascending triangle, a bullish technical signal with traders looking for an upside breakout over resistance.The setup fails should uptrend support give way. Above $24, and $26 is possible. Top Stock Trades for Tomorrow No. 3: Tesla (TSLA) Click to Enlarge Source: Chart courtesy of StockCharts.comThe volatility has been running rampant in Tesla (NASDAQ:TSLA) stock, not that that's surprising to most investors. Shares are running into downtrend resistance (blue line), while trying to hold above the 100-day moving average.There are cleaner setups than TSLA out there at the moment. However, right in the middle of the range, investors will have their eye on this one. If it loses the 100-day moving average, a move back down to $450 is possible. Below that, and the 200-day moving average is in play. * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again Above $550 (downtrend resistance), however, and $600 is possible. This level has been notable amid the selloff. Over it puts the 50-day moving average in play near $650. Top Stock Trades for Tomorrow No. 4: Micron (MU) Click to Enlarge Source: Chart courtesy of StockCharts.comMicron (NASDAQ:MU) was in focus on Thursday after the company reported earnings. The stock is running right into the 50-week and 100-week moving averages, as well as the 2019 breakout level.I need to see MU reclaim and hold $46, putting $50 on the table. Below the $46 mark and a retest of the 200-day moving average is possible. Below that and long-term range support near $32.50 is possible. Top Stock Trades for Tomorrow No. 5: Short S&P 500 ETF (SPXU) Click to Enlarge Source: Chart courtesy of StockCharts.comAfter a strong rally in the S&P 500, some investors may be getting nervous about a potential pullback. One way to short or hedge a portfolio is via small sizes in inverted ETFs.I should note that the ProShares Ultra Short S&P 500 (NYSEARCA:SPXU) is not for everyone. It's a levered inverse ETF, and is risky business. However, after falling from $44 to $25 in just a few days -- highlighting the possible risk here -- this ETF is hitting the 200-day moving average and short-term uptrend support (blue line).If markets start to rollover or if we get a sell-the-news reaction to the stimulus bill, the SPXU might be good for a move north of $30. I can't stress enough the volatility with these types of ETFs. You've been warned.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post 5 Top Stock Trades for Friday: AVGO, LVGO, TSLA, MU, SPXU appeared first on InvestorPlace.

  • Tesla's Long-Term Prospects Remain Positive While Automakers Turn To Ventilators
    Benzinga

    Tesla's Long-Term Prospects Remain Positive While Automakers Turn To Ventilators

    Tesla, Inc. (NASDAQ: TSLA) had some big plans for 2020. The company wanted to deliver more than half a million new vehicles, but the coronavirus impact made them revise these expectations.Initial expectations for 2020 deliveries for the Models S, X, and 3 ranged from 505,000 (Argus Research) to 517,000 (Citi Research). Now, those expectations have been lowered to 409,000 and 434,000 respectively, as a result of the shutdown of Tesla's two factories in Freemont, California and Buffalo, New York.Just like Ford Motor Company's (NYSE: F) and General Motors Company (NYSE: GM), Tesla has also begun exploring ways to help fight the COVID-19 pandemic. All three major automakers have discussed producing medical ventilators, which are necessary for the successful treatment of acute cases of COVID-19. Officials are hoping that automakers can use their well-developed supply chains, as well as transferable expertise, to fill in for the shortfall of this vital medical equipment.2020 results will definitely not be as expected for the whole economy, including the automakers. But when global economies eventually recover, whenever that is, Tesla is still in a good spot. Prior to this pandemic, many countries had been enacting laws to help combat climate change. Those enforcements might be further pushed by the European Union, which plans to make its own "ban" plan on gas-powered vehicles.This will definitely help the electric vehicle makers recover from the COVID-19 impact as soon as the health situation allows it. China will also be critical to watch, as the country has already started stabilizing from the outbreak. They have their own ambitious plans when it comes to EVs, which should help these companies recover more quickly. We must also wait and see if the U.S. government will offer to help the renewables and EV segments, a courtesy it already offered to the oil industry. This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases - If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.comThe post Tesla's Long-Term Prospects Remain Positive While Automakers Turn to Ventilators appeared first on IAM Newswire.Photo by Andreas Dress on Unsplash See more from Benzinga * Roku Or Netflix – Which One Is Better In The Near Term? * COVID-19 Has Hit the Auto Industry Hard, But Could Hit EVs Even Harder * What's Next For The Big 3 Automakers?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.