1,542.00 +25.20 (1.66%)
Before hours: 8:43AM EDT
|Bid||1,558.05 x 1100|
|Ask||1,562.00 x 900|
|Day's range||1,431.00 - 1,590.00|
|52-week range||211.00 - 1,794.99|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Just when it seemed the hype for Tesla (NASDAQ: TSLA) stock today couldn't get any greater, Piper Sandler analyst Alexander Potter more than doubled his 12-month price target for the electric-car maker's stock. The new target is a Street high for Tesla shares, implying about 50% upside. Here's a closer look at this analyst's bullish view for Tesla stock -- and what investors should make of it.
Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance standards to follow as they roll out the most significant changes to vehicle technology in a generation. Spurred by Tesla Inc's success and eager to start profiting from billions spent on autonomous driving research, automakers are accelerating plans to automate routine driving tasks such as cruising on a highway and make them widely available within five years, industry executives said. Most traditional automakers until recently had resisted allowing drivers to take their hands off the steering wheel for extended periods, concerned about product liability claims.
For context, Buffett began 2020 with a net worth that was over $60 billion higher than Musk's. Heading into this past weekend, Buffett's net worth stood at a cool $69.2 billion, which isn't at all too shabby for a guy who had $10,000 in seed capital in the 1950s.
Nissan Motor Co on Wednesday unveiled the Ariya - an electric SUV and its first all-new global model in five years - hoping it will symbolise its road to recovery after more than a year of scandal and a precipitous decline into earnings losses. Featuring Nissan's latest self-driving technologies, the Ariya has a driving range comparable to Tesla models and will sell from around 5 million yen ($47,000).
Options investors are ramping up bets on some of this year's biggest winners, including Amazon.com Inc, Netflix Inc and Tesla Inc, even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak. Investors are betting that tech-related stocks will remain comparatively resilient to the coronavirus-fueled economic disruptions that have battered sectors such as retail and travel, despite growing concerns about stretched valuations following steep rallies. Analysts also see another factor driving the momentum stocks: fear of missing out, or FOMO.
The decision marks a step forward for Texas as it vies with Oklahoma to attract a new factory to build Tesla's Y sport utility vehicles and cybertrucks. Tesla did not immediately respond to a request for comment. The city of Tulsa in Oklahoma has campaigned for Tesla to build the plant there.
Tesla (TSLA) closed at $1,516.80 in the latest trading session, marking a +1.32% move from the prior day.
The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite were all up sharply, with the Dow leading the higher. Nowhere has that been clearer than in the auto industry, where Tesla (NASDAQ: TSLA) and a host of electric-vehicle upstarts have made well-established automaker giants seem hopelessly out of date. On Tuesday, though, Ford Motor (NYSE: F) and General Motors (NYSE: GM) managed to post bigger gains than Tesla's stock did.
Tesla’s biggest bull predicts the electric vehicle maker’s stock to reach $2,322, prompting founder and CEO Elon Musk to tweet “Wow” to the new Street-high price target.
In an effort to encourage the electrification of the trucking industry, 15 states and the District of Columbia today announced the signing of a joint memorandum of understanding (MOU). Directed at the use of medium and heavy vehicles, the group that inked the MOU aspires to eliminate the sales of new diesel trucks by 2050.
It's not surprising to see Tesla shares rising following this bullish outlook from Piper Sandler analyst Alexander Potter; a $2,322 price target represents a 50% gain over the next 12 months. To support his optimism, Potter cites Tesla's strong potential to lead in vehicle technology over the next 10 years. Next week, when the electric-car maker reports earnings, investors will get to see whether Tesla is living up to high expectations.
Shares of Tesla (NASDAQ: TSLA) were moving higher on Tuesday, as auto investors reacted to a very bullish note from Piper Sandler -- and a court decision in Germany that didn't go Tesla's way. Here are the stories that were moving Tesla's shares on Tuesday morning. In a note that gained wide attention after its release after the market closed Monday, Piper Sandler analyst Alexander Potter raised his firm's price target on Tesla's shares to $2,322, from $939, while unsurprisingly maintaining the equivalent of a buy rating on the stock.
With EV trends getting hotter day by day, it seems that investors are worried about missing out on betting big on the same. NIO is a rising player in the industry and is currently riding the EV wave.
Germany has banned Tesla from repeating what a court says are misleading advertising statements relating to the capabilities of the firm's driver assistance systems and to autonomous driving, a Munich judge ruled on Tuesday. Tesla can appeal the ruling. The case was brought by Germany's Wettbewerbszentrale, an industry sponsored body tasked with policing anti-competitive practices.
Tesla's (TSLA) Model Y will now be sold at $49,990 following similar price cuts to other vehicles in the company's range in May.
No matter how long you've been an investor, there's simply nothing that could have prepared you for what 2020 has offered thus far. In a roughly four-month span, investors have dealt with about a decade's worth of volatility due to the unprecedented coronavirus disease 2019 (COVID-19) pandemic. Of course, periods of panic and heightened volatility have generally served long-term investors well.
These companies' stocks have soared this year. Will they live up to investors' expectations?
In Monday’s early trading, Tesla’s market capitalisation is touching a mammoth $320bn. Tesla’s valuation is even more eye-watering than it was when we last looked at the company back at the end of April, and although there’s been positive news, not least from second-quarter deliveries, it’s hard to see how it justifies an extra $180bn in market capitalisation.
Austin, Texas, is a progressive city in a conservative state with a thriving software industry and a "Keep Austin Weird" counterculture image. With a decision expected within a few weeks, the Austin-versus-Tulsa contest is heating up as Tesla and its chief executive, Elon Musk, stoke a bidding war over tax breaks and other concessions that would reduce the factory's cost. Travis County, home to Austin, is expected to vote this week on a portion of ten-year tax rebates totaling more than $65 million.
Shares of Tesla surged 16% early in the session before joining a sell-off along with other big-name Nasdaq stocks, including Amazon , Microsoft and Nvidia , that have outperformed in recent months. With investors betting Tesla could show a quarterly profit in its July 22 report and potentially join the S&P 500 index, traders at one point on Monday paid $1,794.99 per share, a premium of almost $300 over Tesla's previous closing price. Only the second daily decline for Tesla in 10 sessions came after the company on Saturday cut the price of its Model Y sport utility vehicle by $3,000, just four months after its launch, as it tries to maintain sales momentum in the COVID-19 pandemic.
The electric-car maker has become a Wall Street darling this year. But have shares soared too high, too fast?
Stocks extended gains Monday after two pharmaceutical companies received “fast track” designation for the development of their vaccine candidates against Covid-19, stoking hopes of near-term inoculation amid the pandemic.
Tesla’s million-mile electric vehicle battery will likely transform not just the automotive industry, but the renewable industry as a whole