Tesla (TSLA) shares fell Tuesday following a bearish report saying the maker of all-electric vehicles will continue to lose money on an annual basis through 2019. XAutoplay: On | OffJefferies analyst Philippe Houchois initiated coverage of Tesla with an underperform rating and price target of 280, which is 26% below where the shares currently stand. Tesla shares were down 2%, near 377.10 during morning trading in the stock market today. Tesla shares are up 77% this year. "It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a note to clients Tuesday, saying that boosting production remains the main challenge for Tesla. "Achievements to-date
A proposed 5.6 percent average electricity rate hike would be trimmed to 1.8 percent under an agreement between Portland General Electric Company and regulatory staff and stakeholders. The deal, backed by big power users as well as the Citizens’ Utility Board, cuts a planned $99.9 million rate hike for 2018 down to $32 million. The agreement was filed Monday with the Public Utility Commission and will need the PUC's approval to be final.
It's hard to be disciplined when disciplines costs you money, Jim Cramer admitted to his Mad Money viewers Tuesday. For weeks now, Cramer has been telling viewers to curb their enthusiasm, but the good news just keeps on coming. If T-Mobile CEO John Legere remains at the helm, as is rumored, Cramer said it would be a huge win for shareholders beyond today's 5.8% rise in the stock.