|Bid||288.82 x 100|
|Ask||289.04 x 100|
|Day's range||284.60 - 291.62|
|52-week range||244.59 - 389.61|
|PE ratio (TTM)||N/A|
|Earnings date||2 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||317.04|
JPMorgan Chase (JPM) is trying to create a market in credit-default swaps tied to the bonds of Tesla (TSLA). A JPMorgan trader has sent around quotes to see if clients are interested in buying or selling CDS referencing Tesla bonds, according to people with direct knowledge of the trading. First off, there’s only one set of Tesla bonds the CDS can reference, which makes creating a robust, deeply traded market more challenging.
Kanye West and Elon Musk’s bromance is hitting an all-time high. Rapper and entrepreneur West took to Twitter to praise his Tesla Inc. car, with some of his tweets being picked up by Musk, the electric-auto maker's chief executive officer, a few hours later. “I really love my Tesla.
Tesla Inc. stock is at a crossroads, with a sharp move downright or upward possible, making the Silicon Valley car maker the “ultimate high-risk” concern in autos. “We see the next three months as the most critical time in Tesla’s history since the Model S launch six years ago,” the analysts wrote in a Wednesday note. It listed the main investor concerns, including the expectation that Tesla may not need to tap capital markets this year, as the company has vowed, but may want to raise money.
Workplace safety regulators say they are investigating two incidents at automaker Tesla's factory in Northern California. The New York Times reported Friday that the investigations come after the Center for Investigative Reporting catalogued a series of workplace injuries at Tesla. California's Division of Occupational Safety and Health said Friday that it had opened an investigation into an unspecified incident.
Newly arrived bear on Tesla (TSLA) stock Gordon Johnson, of the boutique Vertical Group, today writes that his perusal of the company’s financial statements suggests a liquidity risk that investors have not fully appreciated. Johnson, who has a Sell rating on Tesla stock, notes that what the company pays out in capital expenditures — property, plant, and equipment — doesn’t all show up in that part of the cash flow statement, some of it is deferred for a period of time until Tesla puts equipment into service. Johnson compares figures included under accrued purchases, accounts payable, and accrued liabilities, and comes up with an estimate for “payables due on deferred Capex” that comes out to $1.385 billion.
According to Reuters, of the 24 analysts covering Fiat Chrysler (FCAU) on April 18, 2018, 46% recommended “buy,” 42% recommended “hold,” and 12% recommended “sell.” As of April 18, Fiat Chrysler had a market capitalization of ~$24 billion, which was much lower than General Motors‘ (GM), Ford‘s (F), and Tesla’s (TSLA) market caps of $53 billion, $43 billion, and $50 billion, respectively. Analysts’ 12-month target price for Fiat Chrysler was $32.43, ~33.5% higher than its market price of $24.29.
Shares of Tesla (TSLA) are down again Friday, as investors debate whether the stock's next move will be to $200 or $400, depending on Model 3 demand and production. Bernstein's A.M. (Toni) Sacconaghi, Jr. takes a look at the stock on Friday, parsing a host of issues that investors have posed in recent weeks, from its debt (perhaps an issue if the stock continues to decline) to expansion in China (potentially a long-term positive development, as the country is opening up more to foreign auto makers). Among these points, Sacconaghi also throws cold water on the hope that Tesla could be acquired by another car maker.
Following a remarkably bullish week in oil markets, a string of bearish news sent oil prices crashing on Friday morning before a strong rebound
Days before Tesla Inc. defended its safety record this week, California began inspecting an incident involving a subcontractor who was hospitalized after a piece of factory equipment broke his jaw.
I love Elon Musk a lot, probably half as much as he loves himself. In a leaked email to staff, the Tesla founder said they should walk out of meetings “as soon as it is obvious you aren’t adding value. ...
Stock market volatility is sliding once again, but investors should watch out for explosive moves in technology shares. Equity swings have started to recede from recent highs as strong corporate earnings buoyed share prices. A measure of stock market turbulence, the Cboe Volatility Index, or VIX, which uses options prices to forecast moves over the next month, fell for six straight days, hitting its lowest level since early March on Tuesday.
Tesla (TSLA) is likely to miss gross profit expectations when it reports financial results on May 2, and its manufacturing issues will continue to dog the company, predicts UBS analyst Colin Langan today, reiterating his Sell rating on the shares. Langan thinks the company may turn in gross profit margin for the three months ended in March of just 11.2%, versus 13.8% in the prior quarter and the 13% that the Street is modeling. Langan thinks the company’s shutdown of the production line for Model 3 is “concerning,” and “raise[s] questions about the viability of the 10,000 per week target." CEO Elon Musk, meanwhile, continues to up the ante, telling employees yesterday in an email that Tesla should aim to produce 6,000 Model 3s per week by the end of June, up from a prior target of 5,000, as Bloomberg’s Dana Hull notes.
The US has imposed tariffs on several products this year. In January, President Trump slapped tariffs on washing machines and solar panel imports. In another major move, we saw tariffs imposed on steel and aluminum imports.
In February 2018, Ford gave dismal guidance for fiscal 2018, forecasting adjusted EPS (earnings per share) of $1.45–$1.70, lower than its adjusted EPS of $1.78 in 2017. Ford expects its 2018 revenue to be flat or moderately higher than its 2017 revenue, and its operating cash flow to be positive but lower than its 2017 cash flow. This guidance was based on US auto sales being expected to decline in 2018. However, as US light-vehicle sales rose 1.9% YoY (year-over-year) in 1Q18, we can’t deny the possibility of Ford revising its guidance upward.
PALO ALTO, Calif., April 19, 2018-- Tesla will post its financial results for the first quarter of 2018 after market close on Wednesday, May 2 nd, 2018. At that time, Tesla will issue a brief advisory ...
China’s announcement Tuesday that it will ease its strict joint-venture rules on foreign auto makers could benefit Tesla Inc. at the same time the Silicon Valley auto maker needs a charge. Tesla has long sought to manufacture its electric cars in China—its second-biggest market, after the U.S. But it has shied away from conforming with China’s rules requiring a 50-50 joint venture with a local company and the sharing of any profit and technology.
Tesla Inc. is the subject of an investigation by California's Division of Occupational Safety and Health after reports of workplace hazards at its Fremont, Calif., auto factory, Bloomberg News reported Wednesday. A Cal-OSHA spokeswoman told Bloomberg the agency "takes seriously reports of workplace hazards and allegations of employers' underreporting recordable work-related injuries and illnesses." Earlier this week, the Center for Investigative Reporting's digital magazine Reveal alleged that Tesla made its worker-safety record look better by failing to report some serious injuries. In a statement late Wednesday, a Tesla spokesperson said it was cooperating with the investigation and defended the plant's safety record.