TSLA - Tesla, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
302.26
-45.05 (-12.97%)
At close: 4:00PM EST
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Previous Close347.31
Open346.21
Bid304.00 x 1000
Ask304.84 x 800
Day's Range299.74 - 327.13
52 Week Range244.59 - 387.46
Volume24,150,763
Avg. Volume8,137,820
Market Cap51.908B
Beta (3Y Monthly)0.62
PE Ratio (TTM)N/A
EPS (TTM)-10.56
Earnings DateFeb 5, 2019 - Feb 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est336.31
Trade prices are not sourced from all markets
  • Tesla's Model 3 gets green light in Europe
    Reuters21 minutes ago

    Tesla's Model 3 gets green light in Europe

    Tesla's (TSLA.O) Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European introduction of the battery-powered sedan expected next month. The Model 3 is a crucial project for Tesla as the U.S. electric vehicle maker known for its high-price luxury cars tries to reach the mass market with a more affordable option. The Model 3 meets the requirements for approval on European roads, data published on the Netherlands Vehicles Authority's (RDW) website showed.

  • Tesla's Model 3 gets green light in Europe
    Reuters25 minutes ago

    Tesla's Model 3 gets green light in Europe

    Tesla's Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European introduction of the battery-powered sedan expected next month. The Model 3 is a crucial project for Tesla as the U.S. electric vehicle maker known for its high-price luxury cars tries to reach the mass market with a more affordable option. The Model 3 meets the requirements for approval on European roads, data published on the Netherlands Vehicles Authority's (RDW) website showed.

  • Company News For Jan 21, 2019
    Zacks1 hour ago

    Company News For Jan 21, 2019

    Companies In The News Are: NFLX,TSLA,STI,SLB

  • Elon Musk gets green light to deliver Tesla Model 3 cars in Europe
    The Telegraph2 hours ago

    Elon Musk gets green light to deliver Tesla Model 3 cars in Europe

    Tesla has secured approval from regulators to sell its Model 3 cars in Europe, in a move that will bring it in direct competition with the likes of BMW, Volkswagen and Peugeot in their home market.

  • Financial Times4 hours ago

    [$$] All the better to share you with

    It's the dear leader Elon Musk striking a Winnie the Pooh pose in the Sing Tao international edition on January 11. The story is about how the Tesla boss has been offered a green card — effective permanent residency in China, deemed a rare privilege for foreigners — in exchange for opening his first overseas factory in China. On Friday, however, we learnt Tesla is to recall 14,000 Model S cars in China over faulty Takata airbags.

  • Tesla Gets Green Light to Start Delivering Model 3 in Europe
    Bloomberg5 hours ago

    Tesla Gets Green Light to Start Delivering Model 3 in Europe

    Deliveries should start in February for the Long Range Battery version of the midsize sedan -- the same variant first sold in the U.S. -- according to Tesla, after Dutch vehicle authority RDW issued the OK. The European launch is crucial for Tesla as it navigates what Chief Executive Officer Elon Musk called a “very difficult” road ahead. Musk has pointed to sales of the sedan in Europe and China as a main reason he isn’t concerned about any potential setback caused by a halving of the U.S. federal tax credit, to $3,750, on Tesla purchases as of Jan. 1.

  • InvestorPlace5 hours ago

    Here’s Why You Should Buy The Job Cuts Dip In Tesla Stock

    While markets broadly marched higher on Friday, shares of Tesla (NASDAQ:TSLA) headed sharply in the opposite direction. Why? The electric vehicle maker said it will cut about 7% of its workforce due to a combination of depressed profitability this quarter and a desire to keep making money while selling lower-priced vehicles. Following the company's email announcement, TSLA stock dropped about 13%. The knee jerk reaction in Tesla stock makes sense. Without a doubt, the company email is a profit warning. Tesla reported a sizable 4% profit margin last quarter, one that was artificially high due to preferential selling of higher-priced Model 3 variants. This one-time margin tailwind won't persist. Instead, it will turn into a headwind as the company sells cheaper Model 3s in 2019. Tesla can't make a profit selling those lower-priced cars with its current cost structure, so they are removing costs by cutting jobs. It's worth noting that Friday's decline was the seventh-steepest since the Tesla's 2010 IPO; the shares sank almost 14% on Sept. 28 after the Securities and Exchange Commission sued CEO Elon Musk for fraud. InvestorPlace - Stock Market News, Stock Advice & Trading Tips None of that is great news. As such, the drop in TSLA stock makes sense on the surface. But on closer inspection, this dip is a buying opportunity when markets open tomorrow. This isn't the first time Tesla announced widespread layoffs in an attempt to boost profitability. Prior job cuts boosted profitability without compromising revenue or innovation. The same should happen this time around. Also, net hiring is still up big on a two-year basis. The company simply over-hired in order to boost Model 3 production in late 2018. These firings bring Tesla back to industry normal revenue-per-employee levels. * 7 Stocks at Risk of the Global Smartphone Slowdown Overall, the layoff announcement isn't a big deal. It's simply normalization, and actually boosts the company's medium-term profit outlook. As such, the long-term bull thesis remains intact, and investors should consider buying Tesla stock again as it closes in on $300. ### Not TSLA's First Profit Warning The market is acting like this Tesla company e-mail reveals something new. It doesn't. Tesla has been beating the "we are going to cut jobs in order to boost profitability because we operate in a tough industry with low margins and want to sell cheaper cars" drum for a long time now. Last June, CEO Musk sent out a company email revealing that the car maker was going fire 9% of the workforce in order to drive a profit amid the ramp on lower-priced Model 3 production. Over the following months, Model 3 production ramped to mainstream levels, the company sold and delivered a bunch of those cars, and margins roared higher. Tesla ended up reporting a third-quarter profit margin of 4%, the most-impressive profit margin in the company's 15-year history. In other words, we've seen this rodeo before. The early 2019 version will play out much like the June 2018 one. Over the next several months, Tesla will pare its workforce by 7%. During that stretch, the company will sell a bunch of higher-priced Model 3 variants in Europe and Asia. That will keep margins in positive territory for the next few months as these layoffs play out. Then, once those folks are off the payroll and the cost structure has been reduced, Tesla will launch lower-priced Model 3 variants in the summer. Revenue will spike, and margins will remain positive, because the cost structure has been appropriately reduced. As such, by the middle of the year, these job cuts will allow Tesla to report record profits and margins. ### Reduction is Normalization Without Value Loss In the big picture, the workforce reduction at Tesla is simply a normalization in the employee base without a tremendous loss of value. * 7 Retail Stocks to Buy for the Rise of Menswear Consider this: Tesla has about 45,000 employees and revenue of around $20 billion. That means the company's revenue per employee clocks in around $450,000. Ford (NYSE:F) and General Motors (NYSE:GM) have historically operated around $700,000 to $800,000 in revenue per employee, according to corporate reports. Doing the math, if Tesla reduces its workforce by 7% to ~42,000, and revenue come in around $30 billion next year, then TSLA revenue per employee will be around $700,000, or more of the industry norm. Moreover, if you consider that Tesla grew its workforce by 30% in 2017 and is now trimming that back by just 7%, the implication is that they are firing people who have been there less than a year, and were just hired to ramp Model 3 production. That isn't a big long-term value loss. ### Bottom Line on TSLA Stock A close look at Tesla's layoff announcement doesn't reveal any red flags that warrant a near-13% sell-off in Tesla stock. As such, this dip is a buying opportunity. Investors should watch the $300 level closely. The TSLA stock price has historically held that level many times before. It should hold again this time. As of this writing, Luke Lango was long TSLA. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post Here's Why You Should Buy The Job Cuts Dip In Tesla Stock appeared first on InvestorPlace.

  • Barrons.com5 hours ago

    Podcast: Tesla Tumbles 13%, and Two Other Numbers You Need to Know

    STOCKSTOWATCHTODAY BLOG Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Apple Podcast, Stitcher, and wherever you get your podcasts—as well as on your Amazon Alexa smart speaker Three numbers to start your day: $500 billion is how much investors saved over Jack Bogle’s lifetime —one advisor estimates.

  • Reuters12 hours ago

    Toyota, Panasonic setting up EV battery JV amid rising China competition - source

    Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said. The joint venture, to be owned 51 percent by Toyota and the rest by Panasonic, could also provide batteries to Toyota's EV technology partners Mazda Corp and Subaru Corp, the source said on Sunday. The source declined to be identified because the talks on the joint venture are private.

  • Reuters12 hours ago

    Toyota, Panasonic setting up EV battery JV amid rising China competition: source

    Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said. The joint venture, to be owned 51 percent by Toyota and the rest by Panasonic, could also provide batteries to Toyota's EV technology partners Mazda Corp and Subaru Corp , the source said on Sunday. The source declined to be identified because the talks on the joint venture are private.

  • Reuters13 hours ago

    Berkshire denies media report on accord to extract lithium

    "There is no agreement in place with anybody to allow extraction of lithium or any other minerals from the geothermal wells in California," Jessi Strawn, a spokeswoman for Berkshire Hathaway Energy Co, which is majority-owned by Warren Buffett's conglomerate, said in an emailed response to a Reuters query. The Financial Times earlier had reported, citing people familiar with the discussions, that the venture has been in talks to supply Tesla Inc (TSLA.O) with lithium, a component for batteries to power electric cars.

  • Reuters13 hours ago

    Berkshire denies media report on accord to extract lithium

    "There is no agreement in place with anybody to allow extraction of lithium or any other minerals from the geothermal wells in California," Jessi Strawn, a spokeswoman for Berkshire Hathaway Energy Co, which is majority-owned by Warren Buffett's conglomerate, said in an emailed response to a Reuters query. The Financial Times earlier had reported, citing people familiar with the discussions, that the venture has been in talks to supply Tesla Inc with lithium, a component for batteries to power electric cars.

  • Dearth of Technology Stocks Sends Australians Overseas, NAB Says
    Bloomberg21 hours ago

    Dearth of Technology Stocks Sends Australians Overseas, NAB Says

    Demand for international shares on the lender’s nabtrade platform jumped almost 30 percent last year, spurred by rising interest among younger investors and amid a broader focus on sectors including online retailing, the Melbourne-based bank said Monday in a statement. Online trade in international equities surged 38 percent among so-called Generation Z investors, which the bank defines as those born after 1995, and top international buys among all users on the platform included Tencent Holdings Ltd., Facebook Inc. and Amazon.com Inc.

  • Berkshire's lithium venture may supply U.S. automakers, including Tesla - FT
    Reuters21 hours ago

    Berkshire's lithium venture may supply U.S. automakers, including Tesla - FT

    The venture has been in talks to supply Tesla Inc (TSLA.O) with lithium, a component for batteries to power electric cars, the newspaper reported, citing people familiar with the company. Berkshire Hathaway's geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices, the report said, citing a fundraising document.

  • Berkshire's lithium venture may supply U.S. automakers, including Tesla: FT
    Reuters21 hours ago

    Berkshire's lithium venture may supply U.S. automakers, including Tesla: FT

    The venture has been in talks to supply Tesla Inc with lithium, a component for batteries to power electric cars, the newspaper reported, citing people familiar with the company. Berkshire Hathaway's geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices, the report said, citing a fundraising document.

  • Tesla stock falls as layoffs, profit comment ignite demand fears
    MarketWatch22 hours ago

    Tesla stock falls as layoffs, profit comment ignite demand fears

    News of layoffs and a smaller fourth-quarter profit stoke fears about growth and demand at Tesla Inc.

  • Tesla will overrun traditional car companies because they still aren’t moving fast enough
    MarketWatchyesterday

    Tesla will overrun traditional car companies because they still aren’t moving fast enough

    It took the worst corporate scandal in automotive history for Volkswagen to make the necessary decision to transform itself into an electric car company. The world’s largest car maker will spend $50 billion over the next five years to develop 50 new electric models, an increase from six today, and produce 1 million electric cars by 2025. This radical reinvention is exactly what is needed to stave off a challenge from Tesla (TSLA) and a band of upstarts from California and China that are building for an electric future.

  • Financial Timesyesterday

    [$$] Buffett’s lithium venture promises secure supply for US carmakers

    Warren Buffett’s Berkshire Hathaway has made a move into lithium, holding talks over an agreement to allow extraction of the battery mineral from its geothermal wells in California. The venture hopes to ...

  • Tesla Gets Green Light to Start Delivering Model 3 in Europe
    Bloomberg2 days ago

    Tesla Gets Green Light to Start Delivering Model 3 in Europe

    Deliveries should start in February and, as happened in the U.S., the first sales in Europe will be for the Model 3 Long Range Battery variant, according to Tesla. Starting Model 3 deliveries in Europe is a key priority for Chief Executive Officer Elon Musk.

  • CNBC2 days ago

    Toyota, Paccar team up on clean hydrogen tech that Elon Musk and others dismiss as 'fool cells'

    Paccar, one of the world's largest heavy-duty truck makers, is teaming with Toyota on clean hydrogen trucks to curb air pollution.

  • CNBC2 days ago

    Investors betting against Tesla's stock have had 7 really good days. Here's what's behind them

    Tesla's 13 percent plunge on Friday was its seventh-steepest drop ever. It's the biggest decline since September, when the SEC announced that it's suing Elon Musk. Since Tesla's 2010 IPO, the stock's most significant drops have been related to executive departures and concerning financial reports.

  • Why Tesla's Long Model 3 Waitlist Could Be a Massive Problem
    Bloomberg2 days ago

    Why Tesla's Long Model 3 Waitlist Could Be a Massive Problem

    Musk, Tesla’s charismatic chief executive officer, has pitched it as the company’s first car for the masses, with a base price of just $35,000. Thousands of those deposit holders still are standing by, and they could spell trouble for Tesla -- whether they stay patient or not. Selling too many Model 3s at that price too soon would put the company out of business, Musk tweeted last year.

  • TheStreet.com3 days ago

    Tesla's Decline Causes Concern for Almost $1 Billion in Bond Payments

    While Wall Street cheered Tesla's third-quarter earnings results -- which did come in vastly ahead of consensus estimates -- investors weren't thrilled that the fourth quarter will likely come in below last quarter's mark, according to the company-wide email. While there's far worse news that Tesla could have delivered than a dip in profits -- for instance, no profits -- Wall Street was nonetheless unimpressed. Is Tesla cutting workforce to help pay for its Shanghai factory?

  • GlobeNewswire3 days ago

    Tesla Announces Date for Fourth Quarter and Full Year 2018 Financial Results and Webcast

    PALO ALTO, Calif., Jan. 18, 2019 -- Tesla will post its financial results for the fourth quarter and full year ended December 31st, 2018 after market close on Wednesday,.

  • TheStreet.com3 days ago

    Tesla Stock Falls 13% After Carmaker Unveils Job Cuts, Q4 Profit Guidance

    tumbled Friday after the clean energy carmaker said it will cut around 7% of its workforce, adding that fourth quarter profits will likely come in lower than in the previous three-month period. The stock lost 13% to close at $302.26 after Tesla said it will post a GAAP-reported profit for the three months ending in December, but cautioned that number will be less than the $312 million it posted for the third quarter. "Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months," CEO Elon Musk said in a company blogpost.