1,387.29 -6.99 (-0.50%)
Before hours: 5:58AM EDT
|Bid||1,386.33 x 1100|
|Ask||1,390.00 x 1000|
|Day's range||1,351.28 - 1,408.46|
|52-week range||211.00 - 1,429.50|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||766.47|
Stocks abruptly turned negative Thursday as fears over the economic outlook following an increase in coronavirus cases resurged. The Dow and S&P 500 wiped out their week to date gains.
Tesla Inc appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for the electric car maker's shares, which have already surged 500% over the past year. With a market capitalization of about $250 billion, Tesla would be among the most valuable companies ever added to the S&P 500, larger than 95% of the index's existing components. While analysts and investors have recently become more confident of Tesla's addition, an S&P Dow Jones spokeswoman declined to comment about specific changes to the index.
Investors familiar with Tesla (NASDAQ: TSLA) are well aware that advanced autonomous-driving capabilities and an outspoken CEO are two characteristics of the electric vehicle manufacturer that distinguish it from a majority of other car companies. In his statement, Musk said that Tesla is "very close to Level 5 autonomy," and suggested that it wouldn't be long before the company achieved it, stating, "I remain confident that we will have the basic functionality for Level 5 autonomy complete this year." According to the Society of Automotive Engineers, Level 5 autonomous driving means that the vehicle is capable of performing all driving tasks amid any conditions without the need for human intervention.
CPCA expects NEV sales in China for second-half 2020 to be significantly higher than the corresponding period of 2019.
Shares of Nikola are “starting to look attractive for long-term investors” says JPMorgan analyst Paul Coster, upgrading the stock to Overweight from Neutral.
Shares of Chinese electric-vehicle maker Kandi Technologies (NASDAQ: KNDI) were trading higher on Wednesday after upbeat June sales reports from other companies selling electric vehicles in China, including giant Tesla (NASDAQ: TSLA). As of 1:45 p.m. EDT, Kandi's American depositary shares were trading up about 9.4% from Tuesday's closing price. As with many other Chinese companies, Kandi's sales took a big hit in the first quarter as China imposed strict stay-at-home orders amid the coronavirus pandemic.
Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40% in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion. Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his 2018 pay package.
Today, the company provided insight into the initial stages of this plan for North America: By the end of 2021, Lucid Motors intends to open 20 retail locations, otherwise known as Lucid Studios, and Service Centers. While the company did not identify the sites of all 20 locations, it did reveal that, of the first Lucid Studios to appear, five will be in California, two in Florida, and one each in New York and Virginia. Speaking to the innovative approach of acquainting customers with its brand, Peter Rawlinson, CEO and CTO of the company, said that "Just as the Lucid Air is meticulously designed and engineered to be a new benchmark in the luxury electric car segment, we designed Lucid Studios to be engaging, to start conversations and to help educate people about the performance and efficiency benchmarks possible in an electric vehicle."
The Zacks Analyst Blog Highlights: Microsoft, Nvidia, Tesla and Adobe
One of the most mysterious stocks on the market these days is Tesla (NASDAQ: TSLA). Let's see if we can sort through all the contradictions and figure out whether Tesla's stock is a buy right now. With Tesla, though, there's a problem: The company hasn't posted an annual profit in 10 years, and only began generating positive free cash flow in the third quarter of 2019.
Confidence is something that appears to come naturally to Elon Musk. And on Thursday (July 9) the CEO of electric vehicle maker Tesla was sounding bullish again. Musk says the company is very close to achieving level 5 autonomous driving technology. With level 0 being the everyday car with no automation or assistance features, level 5 is fully autonomous. That means they'll require no driver input, and might not even have steering wheels or brake pedals. Musk made the remarks via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference. "I remain confident that we will have the basic functionality for level 5 autonomy complete this year." Automakers and tech companies including Alphabet's Waymo and Uber Technologies are investing billions in autonomous driving. But industry insiders have said it would take time for the technology to be ready, and for the public to trust autonomous vehicles fully. Industry data showed Tesla sold nearly 15,000 China-made Model 3 sedans last month. It's become the highest-valued automaker as its shares surged to record highs and its market capitalisation overtook that of former front-runner Toyota.
In this episode of Industry Focus: Energy, Nick Sciple chats with Bethany McLean, contributing editor at Vanity Fair and financial journalist widely known for writing on the Enron scandal and the global financial crisis. Finally, they talk about the important role of local journalism, her new book analyzing the United States' response to coronavirus, and much more. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
Nell provides her views on corporate governance, accounting scandals, office politics, Black Lives Matter, the entertainment industry, and much more. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals. "I am not interested in cars, but I am interested in the Tesla brand and its technology," the 39-year-old told Reuters. Kang bought a Tesla Model 3 in December, ditching the Hyundai crossover he bought only last summer.
In the latest trading session, Tesla (TSLA) closed at $1,389.86, marking a +1.33% move from the previous day.
Tuesday brought an intraday reversal to the stock market. The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped out to a solid gain by the middle of the day, but by the end of the session, the index was down almost 1%. The Nasdaq 100 saw similar declines, motivated in large part by calls from major players on Wall Street that the stock market's huge rebound from the March lows might have gotten ahead of itself.
In a bull case, Tesla shares could surge as high as $2070, says Morgan Stanley’s Adam Jonas — though his official call is still bearish with a target of $740.
Tesla's Chief Executive Officer Elon Musk is "a genius who defies common sense and can be overly optimistic," Panasonic's <6752.T> CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker. "I believe only geniuses can hold onto big visions, and a genius I know is Elon Musk," Kazuhiro Tsuga said at an event for young entrepreneurs. The remarks on Musk come as Panasonic and Tesla Inc <TSLA.O> are in talks to expand their joint battery plant in Nevada after production troubles and delays at Tesla strained their partnership over the past few years.
Investors are selling in Tuesday's pre-market, following a strong start to the trading week yesterday and an overall bullish environment over the past couple weeks.
Sunrun (NASDAQ: RUN), the nation's leading residential solar supplier, announced it is acquiring rival Vivint Solar (NYSE: VSLR) for $3.2 billion, including debt, in an all-stock deal. Sunrun says the deal will provide $90 million in annual cost synergies, and the combined company would have almost 500,000 customers. The move will expand Sunrun's lead over Tesla (NASDAQ: TSLA), which has been working to grow its Solar Roof and energy storage product offerings.
The stock market has been extremely volatile so far this year, and for many investors, the news has been extremely bad. Here, we'll look at the three top stocks in the Nasdaq 100 and see if they have room to run further. Zoom Video Communications (NASDAQ: ZM) is a recent entrant to the Nasdaq 100, having just joined the index in April.