259.50 -0.09 (-0.03%)
After hours: 7:56PM EDT
|Bid||259.50 x 800|
|Ask||260.50 x 1300|
|Day's range||254.54 - 263.28|
|52-week range||244.59 - 387.46|
|Beta (3Y Monthly)||0.84|
|PE ratio (TTM)||N/A|
|Earnings date||30 Oct 2018 - 5 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||314.52|
"Apple was moving so fast with the smartphone that it had to design its own chip to move that fast. This is what has happened to Tesla."
According to recent data compiled by MarkLines Data Center, September US auto sales (IYK) stood at 1.43 million vehicle units. This was ~6.0% lower than the ~1.52 million vehicle units sold in September 2017. September’s total US vehicle sales figures were also lower than the 1.48 million vehicle units sold in August.
You can’t blame shorts for the slide in Tesla stock. Tesla is down because investors worry as it burns through cash and struggles to deliver volumes of its lower-priced Model 3.
Tesla recently announced that all orders placed by Oct. 15 would be eligible for the full $7,500 federal tax credit. Meanwhile, most people waiting for the $35,000 base model may have to settle for a paltry $1,875 federal tax credit.
In a broader note about positive electric-car momentum, Jonas said he observed workers at Tesla’s lone auto plant in Fremont, California, who were “extremely busy cranking out Model 3s” for delivery in the U.S. He also drove the dual-motor performance version of the vehicle, which he sees as having better value-for-performance than the Model S sedan. “Frankly, our enjoyment of the high-spec version of the Model 3 took us by surprise,” Jonas said, adding that it’s “hard to say how much this matters.
The two-level, 50-stall Destination Charging facility in Kowloon Bay can provide full charge to a car battery in a few hours, according to a company spokeswoman in Hong Kong. It takes as long as 10 hours at Tesla’s Destination Charging sites to top up juice in the cells, whereas it takes about 90 minutes at Supercharger stations, with the time depending on battery conditions. Destination charging facilities are ideal for people working, living or shopping in the area, according to the spokeswoman.
If all you heard about EVs was Tesla's drama, you might think the industry was doomed. Far from it! Investors won’t want to miss these solid, promising opportunities.
Today, October 12, the broader market is bouncing back after falling for six consecutive sessions. As of October 11, the S&P 500 index (SPY) has fallen 6.4% MTD (month-to-date). The Dow Jones Industrial Average (DIA) and the Nasdaq Composite index (QQQ) have fallen 5.3% and 8.7%, respectively.
The electric-car maker submitted a trademark application on Oct. 8 for Teslaquila, describing the planned product as a distilled agave liquor. It was filed as “based on intent to use,” which means Tesla doesn’t have the product ready just yet. Tesla Chief Executive Officer Elon Musk tweeted Friday that the brand would be coming soon.