Investments and investor services
LATE MOVERS: Sony targeted by activist investor Daniel Loeb; General Electric hit with downgrade
Also making moves Monday were Snap, Boeing, Roku and Tesla
Company
Tesla Inc
NASDAQ:TSLA
Tesla Inc designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offer services related to its products. The company's segments include automotive, and energy generation and storage.
1459 stories · page 11 of 15
Investments and investor services
Roth reiterates Neutral rating for Tesla after disappointing 1Q delivery numbers
Shares of the electric-car maker rose Friday, making back some of the ground it lost
Archive
LATE MOVERS: Boeing gains as report credits Ethiopian Airlines crew; Facebook stock jumps on Guggenheim upgrade
Also making moves Thursday were Tesla, Office Depot and China e-commerce company JD.com
Tesla plunges in New York as it posts biggest sales drop in its history
“Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted”
Hawkstone Mining drilling confirms high-grade lithium at Big Sandy in Arizona
The phase II drilling program is well advanced with drilling and is targeting a JORC-compliant resource in the northern mineralised zone.
Heavy Metals: Lithium markets continue to evolve
LITHIUM: Despite the bearish sentiment from investors right now, the outlook for lithium continues to gain ground
Tesla stock cruises as Baird analyst reiterates Outperform rating
Ben Kallo kept his price target for the electric-vehicle maker at $465, a 68% premium on Wednesday's close
Anson Resources’ US lithium project also prospective for bromine, boron and iodine
The company is extracting lithium as well as high-value bromine, iodine and boron in tests at its Utah brines project.
Tesla shares dip as RBC lowers price target to $210, citing Model 3 delivery outlook
For the first quarter of 2019, RBC analyst Joseph Spak now expects the electric-car maker will produce 52,500 Model 3s, down from the bank’s prior outlook of 57,000
Investments and investor services
LATE MOVERS: Viacom rises, AT&T falls as companies reach agreement over DirecTV
Also making moves were Apple, Biogen, Vale and Tesla
Google’s Stadia platform promises to up-end the gaming industry, but what does it mean for investors?
Stadia promises a paradigm shift for the gaming industry, which has already in recent years seen huge incursion by smart phone games like Candy Crush
Investments and investor services
LATE MOVERS: FedEx declines after posting disappointing 3Q results
Also making moves were AMD, Fox, Facebook, Fiat Chrysler, StoneCo and Tesla
Hardware & electrical equipment
Tesla Inc shares headed towards vital $250 mark, but they've been there before
Shares in Tesla found support in the $240-260 region twice in 2018.
Hardware & electrical equipment
Tesla launches its cross-over Model Y sports utility vehicle as electric vehicle maker builds up range
Chief executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would first debut in a long-range version with a range of 300 miles, priced at $47,000
American Pacific Borate & Lithium finalising an enhanced DFS
The company has a strategic cooperation agreement with a borate consumer subsidiary of Sinomach.
Hardware & electrical equipment
Tesla attracts long bet from Citron short-seller Andrew Left
In a research note, Left acknowledged previously shorting the electric car company, and he's still suing Elon Musk
Enertopia Corp, the lithium project developer, excited to be at the beginning of long term growth story
Tesla and its Gigafactory for manufacturing lithium batteries in vast quantities is also in Nevada
Hardware & electrical equipment
Tesla’s lower-priced variant ‘will expand’ the addressable market, says Baird
Wedbush Securities analyst Daniel Ives also said the price cut was a “potential game changer” for Tesla’s growth
Tesla to close stores as it finally cuts Model 3 starting price to US$35k
By shifting all sales online, Tesla reckons it will cut its costs by around 6% a year, savings it will pass on to customers through lower prices across its range of electric cars
Baird designates Tesla as ‘Fresh Pick’ ahead of big announcement
The analysts reiterated their ‘Outperform’ rating on on the EV maker saying sentiment should improve into first quarter deliveries
Investments and investor services
LATE MOVERS: Tesla in spotlight as SEC asks for Musk to be held in contempt for violating deal
Other notables for the day include AutoZone, Caterpillar, Etsy, Home Depot, Tenet Healthcare and JM Smucker
Investments and investor services
LATE MOVERS: Game maker Activision Blizzard sinks on reported job cuts
Tesla Inc, Loews Corp, Restaurant Brands, and Avis Budget Group are also in focus Monday afternoon
Tesla cuts Model 3 prices once again as US government phases out tax credits
A basic Model 3 will now set you back US$42,900, but that is still well above the US$35,000 Elon Musk had originally promised
Hardware & electrical equipment
Tesla turns a profit for second quarter in a row, but Wall Street expected more
The car maker reported earnings per share of US$1.93 for the final quarter of 2018, but analysts had been looking for US$2.10
RBC Capital reverses its rating for Tesla to ‘underperform’ from ‘sector perform’ on growth concerns
RBC's analysts said: "The rubber appears to be hitting the road as the realities of Tesla becoming a volume player, the challenges to scale and deliver high volume at high ASPs/margins are coming to a head"
Tesla set to launch key Model 3 in Europe next month after clearing the final regulatory hurdle - media report
According to Reuters, data published on the Netherlands Vehicles Authority’s (RDW) website showed the Model 3 meets the requirements for approval on European roads
Global Energy Metals finalizes deal to buy prospective cobalt projects in Nevada
The Lovelock cobalt mine and the Treasure Box project are around 150 km east of Tesla's Gigafactory
Hardware & electrical equipment
Tesla rating of Outperform reiterated as Baird says cost reductions are to be expected
The electric-car company said it will cut 7% of its workforce as part of an effort to manage costs as it introduces lower-priced versions of the Model 3
Investments and investor services
Late Movers: Salesforce.com Inc rallies after announcing plans to add 1,500 jobs in Ireland
Also moving were Caterpillar and Boeing, as well as Tesla and Eli Lilly
Hardware & electrical equipment
Amazon takes top spot as most valued firm, but what happened to Apple?
The iPhone maker and tech giant beat Amazon last year to be the first US$1trn firm in history, however a series of glum figures and a shock profit warning have cut its stock price by 36%
Tesla shares higher as Oracle boss Larry Ellison discloses $1bn stake in electric car maker
Tesla named Ellison and an executive from Walgreens to its board in December as part of a settlement with regulators who demanded more oversight of the car maker’s CEO
Archive
EARLY MOVERS - Loxo Oncology shares skyrocket on news of Eli Lilly acquisition; DXC Technology to buy Luxoft Holding
Also in the frame in pre-market is electric car titan Tesla and media group CBS Corp
CryptoCann™ Report: Overstock to pay some Ohio taxes in Bitcoin; Oregon ended the year with 1.3M pounds of unsold cannabis flower
The leftover dried cannabis inventory may pressure Oregon growers to lower prices
Hardware & electrical equipment
Don’t worry about Tesla’s Model 3s left in inventory, says Baird
Baird analyst Ben Kallo noted that the 3,300 Model 3 cars reportedly remaining in inventory accounts for less than one week of production
Tesla appoints Oracle founder and Walgreens exec as independent directors as part of SEC reshuffle deal
The appointment of Larry Ellison and Kathleen Wilson-Thompson formed part of a deal with the SEC in September after it filed fraud charges against CEO Elon Musk
US stocks erase Christmas Eve dive by delivering a Boxing Day boost
The Dow climbed by more than 1,000 points as gains from retail and energy stocks helped Wall Street to recover from severe losses endured on Christmas Eve
Tesla gets a big price target boost to $465 from Baird
Baird analysts cited catalysts in the shape of the start of European car deliveries, production in China and inclusion in the S&P 500
Hardware & electrical equipment
Tesla founder Musk says he doesn’t respect SEC but is abiding by terms of settlement
After claiming in a tweet that he was thinking about taking Tesla private at $420 a share with funding secured, he agreed to step down as chairman and allow the company to be overseen by the board
Tesla’s Model 3 to hit European roads in February
The first deliveries will be made to customers who first put down a deposit almost three years ago
Archive
EARLY MOVERS: General Motors to lay off 14,000 workers and reduce output as sales slide, while Tesla's China sales stats disappoint
Other stocks in focus in pre-market deals were United Technologies Corp and biopharma Amarin Corp
Tesla chief Elon Musk says he has a 70% chance of moving to Mars
Musk, who also heads up spacecraft developer SpaceX, said that he will live to ride on one the company’s rockets to the red planet, implying that such a move would be permanent
Tesla shares slide as trade war forces it to slash prices in China
The basic version of the Model S now costs US$113,000 — down from US$122,525 — while the most expensive version of the Model X has gone from US$227,000 to around US$171,000
Hardware & electrical equipment
Tesla cuts solar power prices to spur use of sustainable energy, says CNBC
Lowering prices for its solar products should make the company highly competitive
As lithium supply catches up with demand, 4 players are riding the surge
The global supply of lithium may be catching up with demand, according to recent reports
Investments and investor services
Short-seller Andrew Left 'believes' in Elon Musk and touts conversion to Tesla
Musk has been embroiled in controversy over a go-private plan in August
Investments and investor services
Tesla taps Robyn Denholm of Australia's Telstra to replace Elon Musk as chair
Denholm has extensive experience in both the tech and auto industries
Hardware & electrical equipment
Electrameccanica revs up to beat Tesla in the US
The Vancouver company has teamed with Chinese motorcycle maker Zongshen to produce a line of inexpensive electric cars for the US market
Baird reiterates Outperform rating on Tesla despite WSJ report on FBI probing Model 3 productions numbers
Analysts Ben Kallo and David Katter didn’t expect any investigation to find criminal wrongdoing and advised investors to buy on ‘weakness’
Hardware & electrical equipment
FBI looking into Tesla’s Model 3 productions numbers, says WSJ
Federal agents are reportedly reviewing Model 3 production numbers as part of a criminal investigation
FTSE 100 closes at session peak after strong rebound in tandem with US stocks
At the close, the UK blue chip index was 41.12 points higher at 7,004.10, the session peak, and well above the early low of 6,995.99
Tesla beats the Street and delivers; posts profit and ramps up Model 3 production
The new results give embattled CEO Elon Musk credibility and sent the company’s share price higher
Investments and investor services
Tesla shares hit the brakes as earnings release quietly pushed up by a week
The electric-vehicle maker's momentum from Andrew Left's abrupt U-turn on the stock has hit a roadblock
Hardware & electrical equipment
Short-seller Andrew Left stands by his newly revealed Tesla long: exclusive interview
Left tells Proactive Investors that the Model 3 is a hit and the electric-car maker has caused legitimate disruption in the auto industry
Dyson snubs UK, plans to build its new electric car in Singapore, according to media reports
Dyson already manufactures electric motors for its other products, such as vacuum cleaners and fans, in Singapore, where it employs 1,100 staff, a Guardian website report said
Hardware & electrical equipment
Tesla removes self-driving option from most of its vehicles, saying it causes too much confusion
The electric-car maker insists that it is still working to make the feature available as originally planned
Investments and investor services
Tesla announces new lower-cost Model 3; 4Q vehicle deliveries seen very strong says Morgan Stanley
Prices for the Model 3 could hit $60,000 per unit or more
Elon Musk is set to buy $20 million worth of Tesla stock
Elon Musk intends to purchase $20 million worth of Tesla stock during the next open trading window, according to a regulatory filing
Investments and investor services
US judge approves Elon Musk's settlement with SEC over his Tesla go-private tweet
Resolving the case allows the electric-car maker to go back to the business of building vehicles
Hardware & electrical equipment
Tesla starts off 4Q with strong production numbers; Musk tweets about climate change
CEO Elon Musk tweeted about Tesla’s part in reducing global warming
Hardware & electrical equipment
Tesla customers need to act fast to be eligible for federal tax credit after Oct 15 deadline imposed
The US$7,500 tax credit phases out once a manufacturer has sold 200,000 qualifying vehicles in the US, a milestone reached earlier this year
EARLY MOVERS: Restoration Hardware shines on buyback; Boston Dynamics has a robot that can catch you if you run
Tesla was another stock in focus before the bell, along with the big banks and PNC Financial Services Group
Uber said to be pitching $1.5 billion junk bond offering to raise capital, says Bloomberg
A private placement would allow the company to release its financial information to a limited pool of investors
Hardware & electrical equipment
Tesla and embattled CEO Elon Musk back court approval of SEC settlement
Tesla, Musk and the SEC have asked the US District Court for the Southern District of New York to accept the terms of their settlement agreement in a letter
Archive
One of Tesla's biggest investors takes 11% stake in Chinese rival NIO
Through its recent NYSE listing, NIO is building its war chest to take on Tesla, which is arguably the world’s No 1 global electric-vehicle maker
Investments and investor services
Tesla's stock shorts earn $500 million as Elon Musk tweet may endanger deal with SEC, says S3 Partners
Musk and the SEC must justify the deal they reach to settle charges of fraud against the Tesla CEO
Hardware & electrical equipment
Greenlight Capital's David Einhorn compares Tesla's difficulties to those faced by Lehman Brothers, says CNBC
“Like Lehman, we think the deception is about to catch up to Tesla,” Einhorn said in a letter to investors first reported by CNBC
EARLY MOVERS: Tesla comes off the gas as Elon Musk takes to Twitter - again, while Costco Wholesale Corp also falls
Also in the frame before the New York bell was Mattress Firm, which has now filed for Chapter 11 bankruptcy protection
Investments and investor services
Elon Musk slams SEC as US judge demands explanation for fraud settlement
The US judge must approve the deal between Musk and the SEC
Investments and investor services
Tesla production better-than-expected but questions linger and stock is still a sell, says Goldman Sachs
The carmaker delivered 83,500 vehicles during the third quarter, beating forecasts on Wall Street
US Auto Sales Roundup: Ford, GM, Toyota, Honda hit speed bump in September as Tesla accelerates output
Most of the car companies fared worse given the scorching pace of car sales racked up after Hurricane Harvey bolstered September a year ago
Tesla stock revs up after it delivers 83,500 electric cars in third quarter
However, Reuters reported that Tesla produced over 5,300 Model 3 cars in the last week of September, falling short of its target of 6,000
Hardware & electrical equipment
Tesla Inc manufactures a record 80,000 vehicles in 3Q, says Elektrek report
Elektrek says Tesla exceeded its target of building at least 50,000 Model 3 cars in the third quarter
Archive
EARLY MOVERS: General Electric has a power surge on CEO news; while Tesla puts pedal to metal too
Also in the frame in pre-market with more boardroom news was Pfizer Inc..
Hardware & electrical equipment
Elon Musk and Tesla settle fraud charges with SEC, to pay $40M fine
Regulators also put a muzzle on the CEO's Twitter account
Investments and investor services
Tesla short-sellers increase positions while longs get out after Musk is sued by the SEC, says S3 Partners
The bets by the shorts on Tesla stock are now paying off
Investments and investor services
Tesla rival NIO's shares recharged as SEC sues Elon Musk for fraud
Tesla was hit by downgrades over the SEC charges against Elon Musk
EARLY MOVERS: Progress Software shares travel backwards before the bell, while Tesla still the focus
It's a fairly quiet start to Friday on the corporate front but Vail Resorts Inc also had results out
Investments and investor services
Wall Street stocks end 3rd quarter of 2018 with gains across the board
Dow Jones ended the quarter up by 9%, with the S&P and the Nasdaq ringing up gains of over 7% each
Investments and investor services
Tesla hit by flurry of downgrades after Elon Musk sued by SEC for fraud
Wall Street took Tesla's CEO to task as the go-private plan last month ignited a controversy that will now go before the courts
Investments and investor services
Tesla shorts decline dramatically, says S3 Partners
The number of shares that were shorted has reached 33.1 million, making up nearly 26% of the float
Investments and investor services
Tesla short interest keeps rising to nearly a third of the float
Tesla's outstanding shares stood at 170.59mln and the float is at 127.52mln
IPO Roundup: Tesla partner Neoen registers for US$525mln in Paris listing
Paris-based Neoen which has nearly 2 gigawatts of clean power capacity in operation and under construction, will use the funds to add capacity at its power plants
Investments and investor services
Tesla faces criminal probe by US over Elon Musk's statements on aborted go-private plan - Bloomberg
Tesla says they are cooperating with the Justice Department after getting a request for documents
Tesla CEO Elon Musk sued by British cave rescue diver he called 'pedo guy' and 'child rapist'
Musk has been under fire for aborted proposal to take the EV maker private
Hardware & electrical equipment
TUT Report: Tesla board a risk to the company; Uber gets rid of logo; Twitter smooths path for live broadcasts
TUT is a summary of reports about Twitter, Uber and Tesla
Hardware & electrical equipment
Analysts’ take on electric carmaker Nio will give Tesla investors déjà vu
Bernstein analysts pointed to the company’s cash burn and high volume target
Archive
EARLY MOVERS: Florence hits North Carolina and NiSource stock tanks after gas explosions
Also in the frame before the bell is electric car group Nio and L Brands Inc
Hardware & electrical equipment
TUT Report: Tesla loses another executive; Uber fined in Denmark, Twitter expands in Asia-Pacific
TUT is a summary of news reports about Twitter, Uber and Tesla
Hardware & electrical equipment
Lithium demand surges along with growth in electric vehicle market
GlobalData forecasts that demand for lithium will more than double to 58,300 tonnes in 2022.
Investments and investor services
TUT Report: Tesla investor talks to SEC; Uber accused of cheating drivers; Twitter faces EU fines
TUT is a summary of reports on Twitter, Uber and Tesla
Hardware & electrical equipment
Tesla reportedly loses another executive; largest institutional investor expresses concern about Musk’s behavior
Asset manager Baillie Gifford’s James Anderson said Musk may be warming up to the idea accepting help
Global Energy Metals gives further detail on exciting Nevada cobalt acquisition
GEMC is set to acquire an 80% interest in the Lovelock Cobalt mine and the Treasure Box project
Global Energy Metals forays into the US; set to buy two cobalt projects 150km from Tesla's Gigafactory
It has entered a letter of intent (LOI) with Nevada Sunrise Gold Corp to acquire an 80% interest
Nomura Instinet downgrades Tesla shares and slashes price target by 25%, says CNBC
Analyst Romit Shah made the moves based on CEO Elon Musk's questionable behavior
Investments and investor services
TUT Report: Twitter data shows no impact of Nike boycott; Uber hires new CMO; Tesla in fast delivery of Model 3
TUT is a summary of news stories on Twitter, Uber and Tesla
Hardware & electrical equipment
Analysts at Baird label Tesla a 'Fresh Pick' and rate it a Buy, despite negative headlines
Tesla CEO Elon Musk has taken shareholders on a wild ride, but analysts Ben Kallo and David Katter said ‘even with drama’ the second half could exceed estimates
Investments and investor services
TUT Report: Twitter permanently bans Alex Jones of Infowars; Uber pitches safety; Tesla implodes
A brief review of news from Twitter, Uber and Tesla
Hardware & electrical equipment
Tesla loses its chief accounting officer and head of human resources; shares sink
Chief accounting officer Dave Morton cited “the level of public attention” as his reason for exiting after one month
FTSE 100 takes a dive again; miners bear brunt
FTSE 100 finished down around 41 points or 0.56%, at 7,277 as its poor run continues
Hardware & electrical equipment
TUT Report: Elon Musk crows about EV sales, Twitter shares sink anew and Uber coming out with scooters
A quick review of the latest news from Twittter, Uber and Tesla