The U.S. National Highway Traffic Safety Administration is set to close an investigation into Tesla Motors (TSLA +2.5%) over the death of a driver using the Autopilot feature last year, according to Reuters.
The regulator is expected to say it didn't find a reason to issue a safety recall.
While the SolarCity acquisition made for a headwind last year, shareholder approval of the deal has removed that overhang, says Baird's Ben Kallo, thus allowing investors to focus on positive catalysts - namely the Gigafactory and Model 3 production ramps.
Kallo and team name Tesla (TSLA +2.3%) their "Best Pick for 2017."
Tesla (NASDAQ:TSLA) announced in November it was doing away with unlimited free charging at its Supercharger stations, but it just revealed the new pricing guidelines for those who purchase vehicles after January 15, 2017.
Owners will get 400 kWh of Supercharging credits (about 1,000 miles) for free each year, however, pricing for anything more than that will be dependent on the state or country.
A trip from San Francisco to LA would cost about $15, while LA to NY will cost about $120.
A state-by-state charging cost breakdown is available here
Morgan Stanley analyst Adam Jonas is convinced that Tesla Motors (TSLA -1.8%) has a surprising amount of overlapping interests with the incoming Trump administration.
"To the extent that the creation of high tech manufacturing jobs in the United States is a priority of the incoming administration, we believe Mr. Musk might have some interests that could be very much in alignment with those of President-elect Trump," writes Jonas.
Business Insider correspondent Matthew DeBord thinks Jonas could be on to something by highlighting the "awkard" shared interests between Trump and Musk.
It remains to be seen if Trump sticks to his position of not supporting the government picking of "winners" in the energy sector or stays ambivalent over climate change. Elon Musk made the trek to Trump Tower a few weeks, but hasn't said much about the tech exec gathering.
"Key economic indicators, especially consumer confidence, continue to reflect optimism about the U.S. economy and strong customer demand continues to drive a very healthy U.S. auto industry," notes GM's chief economist Mustafa Mohatarem.
Both Ford and GM reported solid inventory positions, although inventory spending was elevated.
Investor took notice, with GM +5.5% and Ford +4.6% on the day. Honda rose 3.6%, while Toyota and Nissan were both up around 2%. Tesla (NASDAQ:TSLA) rode news of a buzzing Gigafactory to a 4.6% gain.
Tesla Motors (NASDAQ:TSLA) added to the debate fodder yesterday with its update on deliveries and production run rates.
Guggenheim: No fear from analyst Robert Cihra, who jumped over from Sterne Agee CRT, as he initiates Tesla at Buy with a price target of $280.
Cowen: The investment firm sticks with a bearish view (Underperform/$155 PT) as it notes the switch away from Mobileye took a toll on the production rate in Fremont.
Consumer Edge: Take the long view on Tesla, advises the boutique firm. 4K units slipping from one quarter to the next is seen as having little bearing on the long-term story. Shares are rated at Overweight with a $255 PT.
Baird: The firm continues to see strong demand sustaining into the Model 3 production ramp. Analyst Ben Kallo stays positive (Outperform/$338PT).
Seeking Alpha: Montana Skeptic, Bill Maurer, Paulo Santos and Randall Radic all have fresh takes on the Tesla conundrum.
Sources: Bloomberg and MarketBeat.com
TSLA -1.49% premarket to $213.75 as they test their 200-DMA.
Tesla Motors (NASDAQ:TSLA) announces it produced 24,882 vehicles in Q4. Deliveries came in at 22,200 vehicles (12,700 Model S units, 9,500 Model X).
Total 2016 production was 83,922 vehicles. Total deliveries for the year of 76,230 units missed the company's guidance for at least 80K units (reiterated on October 26).
Tesla on its run rate: "Because of short-term production challenges starting at the end of October and lasting through early December from the transition to new Autopilot hardware, Q4 vehicle production was weighted more heavily towards the end of the quarter than we had originally planned."
Shares of Tesla are down 2.30% in AH trading to $212.00 after a 1.54% gain before the bell rang.