Tesla Motors (TSLA) - NASDAQ
  • Tue, Jul. 12, 9:36 AM
    • Morgan Stanley analyst Adam Jonas is in with his guess on what the Secret Masterplan Part 2 is from Tesla Motors (NASDAQ:TSLA).
    • "We believe the missing piece could be an on-demand mobility service that complements Tesla’s skills in electric and autonomous vehicles," writes Jonas.
    • "The auto industry is in the early metamorphosis from privately-owned model to a public transport utility," he adds. SA users were way ahead of Jonas over the weekend with their takes on the latest Tesla drama.
    • Other theories include details on the integration of SolarCity into Tesla Energy, an announcement of a ride-hailing initiative or partnership, and conjecture on the post-Model 3 portfolio from Tesla.
    • Amid reports of a SEC investigation, a spokesperson for Tesla has doubled down on the assertion that the recent Autopilot crash did not require a disclosure to investors. Though there's a lot of balls in the air, shares of Tesla are up 1.0% today in early action to hold on to recent gains.
    | Tue, Jul. 12, 9:36 AM | 125 Comments
  • Mon, Jul. 11, 4:27 PM
    • The SEC is investigating Tesla Motors (NASDAQ:TSLA) for potential violations of securities law, according to The Wall Street Journal which quotes an unnamed source.
    • The probe is centered over the disclosure of an accident involving the Autopilot system. The automaker has maintained that the incident was a "non-material" event. More details to follow.
    • TSLA -1.55% AH to $221.30.
    | Mon, Jul. 11, 4:27 PM | 255 Comments
  • Thu, Jun. 30, 5:37 PM
    • Top gainers, as of 5.25 p.m.: ARRY +5.3%. HTZ +3.9%. WING +3.8%. NFLX +3.7%. .
    • Top losers, as of 5.25p.m.: MU -8.1%. MBLY -3.3%. AZN -3.3%. TSLA -2.6%. BDE -2.2%.
    | Thu, Jun. 30, 5:37 PM | 24 Comments
  • Thu, Jun. 30, 4:31 PM
    • Tesla Motors (NASDAQ:TSLA) is down 2.5% after hours on news from Reuters that U.S. regulators are opening a probe into the use of the Model S automated driving system linked to a fatal crash.
    • The National Highway Traffic Safety Administration is investigating 25,000 Model S vehicles after a crash came in a 2015 model that had automated driving systems engaged, Reuters says.
    • The preliminary finding "calls for an examination of the design and performance of any driving aids in use at the time of the crash," the agency says.
    • "It is important to emphasize that the NHTSA action is simply a preliminary evaluation to determine whether the system worked according to expectations," Tesla says in a blog post where it acknowledges awareness of the investigation. "This is the first known fatality in just over 130 million miles where Autopilot was activated."
    | Thu, Jun. 30, 4:31 PM | 397 Comments
  • Thu, Jun. 23, 7:53 AM
    • Formerly one of the more bullish sell-siders on Tesla (NASDAQ:TSLA), Adam Jonas downgrades to Equal Weight from Overweight following Elon Musk's play for SolarCity (NASDAQ:SCTY).
    • He calls the move a thesis changer as risks outweigh strategic rationale, and SolarCity does not help Tesla make better cars (via Notable Calls).
    • TSLA -1%, SCTY -0.8% premarket
    | Thu, Jun. 23, 7:53 AM | 152 Comments
  • Wed, Jun. 22, 4:06 PM
    • "A shameful example of corporate governance at its worst," says Jim Chanos, commenting on Tesla's (TSLA -10.5%) offer to buy SolarCity (SCTY +3%).
    • He notes SolarCity's bonds yield 20%, suggesting a company in financial distress. The hundreds of millions in cash it is burning through each quarter will now be a burden Tesla owners will have to bear.
    • Consider this, he says: The combined market drop today is greater than the equity value of the deal itself - meaning Tesla shareholders think SCTY stock is essentially worthless.
    • "Finally, it is hard for me to believe that this deal was not being contemplated when Tesla, and Mr. (Elon) Musk himself, sold shares just a few weeks ago."
    • Chanos, of course, is short the stock of both companies.
    | Wed, Jun. 22, 4:06 PM | 148 Comments
  • Wed, Jun. 22, 12:42 PM
    | Wed, Jun. 22, 12:42 PM | 1 Comment
  • Wed, Jun. 22, 12:00 PM
    | Wed, Jun. 22, 12:00 PM
  • Wed, Jun. 22, 9:24 AM
    | Wed, Jun. 22, 9:24 AM | 4 Comments
  • Wed, Jun. 22, 8:23 AM
    • Tesla Motors (NASDAQ:TSLA) CEO Elon Musk is holding a a second conference call this morning to add more details on the SolarCity (NASDAQ:SCTY) deal.
    • Musk begins by explaining how a consumer with a PowerWall, solar panels, and car-charging infrastructure will be able to do a single install after making a bundled purchase.
    • "If we didn’t do this, it would make Tesla’s execution harder and worse," he adds.
    • There isn't a great amount of granular detail on Tesla's debt load. "Cash flow covers what’s required with the recourse debt," he maintains.
    • As the Q&A goes on, Musk's insistence that the deal must happen if Tesla and SolarCity are to scale up adds intrigue to what would happen if either board voted down the combination. Just last night, Credit Suisse forecast only a 20% to 40% chance of the deal closing.
    • On Wall Street, perma-bulls like Global Equities are backing the deal wholeheartedly, while Oppenheimer has downgraded Tesla to Market Perform from Outperform. Baird is playing it down the middle by calling out near-term risks for shares, but staying bullish on the long-term Tesla story.
    • TSLA -11.06% premarket to $195.32, nearly unchanged during the conference call. SCTY +14.77% to $24.32.
    • Previously: Tesla proposes to buy Solar City for $26.50-$28.50/share (June 21)
    • Previously: Tesla offer for SolarCity "distracting," "defies common sense" (June 21)
    | Wed, Jun. 22, 8:23 AM | 55 Comments
  • Tue, Jun. 21, 6:54 PM
    • Elon Musk considers Tesla's (NASDAQ:TSLA) potential deal for SolarCity (NASDAQ:SCTY) a "no brainer" that would transform TSLA into "the world's only vertically integrated energy company offering end-to-end clean energy products to our customers," from solar panels and home storage batteries to electric vehicles.
    • SCTY investors like the idea, of course, sending shares +15% AH, but TSLA shareholders clearly are skeptical; TSLA now -11%.
    • CNBC Fast Trader Tim Seymour says the deal's timing of the deal seems "distracting," citing TSLA's struggles to meet sky-high expectations for deliveries and its mass market car.
    • Some back of the envelope math from Ben Levisohn at Barron's points to another dilution - this time to the tune of ~12M shares - after raising money last month for the Model 3 build.
    • "This deal defies common sense," writes Heard On The Street's Spencer Jakab: "Banding together with another cash-hungry business simply because it is also green and may one day make use of Tesla’s batteries may excite some investors and burn short sellers in SolarCity’s stock. But, as Mr. Musk warned about his amphibious wonder car, such harebrained schemes can only float 'for short periods of time.'”
    | Tue, Jun. 21, 6:54 PM | 194 Comments
  • Tue, Jun. 21, 5:35 PM
    • Top gainers, as of 5.25 p.m.: SPU +23.1%. SCTY +22.2%. VSLR +6.4%. BCEI +6.0%. NSR +5.3%.
    • Top losers, as of 5.25p.m.: IBN -14.8%. TSLA -9.8%. ADBE -4.2%. UNT -4.1%. HPQ -3.6%.
    | Tue, Jun. 21, 5:35 PM | 2 Comments
  • Tue, Jun. 21, 5:30 PM
    • Solar City (NASDAQ:SCTY) +22.3% AH after Tesla (NASDAQ:TSLA) says in a blog post that it has made an offer to acquire the company; TSLA -10% AH.
    • TSLA proposes an exchange ratio of 0.122x to 0.131x shares of Tesla common stock for each share of SCTY, which represents a value of $26.50-$28.50/share, or a 21% premium over today's closing price.
    • TSLA says its proposal builds on a partnership between the two companies where SCTY uses TSLA battery packs as part of its solar projects.
    | Tue, Jun. 21, 5:30 PM | 496 Comments
  • Fri, Jun. 17, 9:07 AM
    • Shares of Volkswagen (OTCPK:VLKAY) fell this week after the company outlined in broad strokes its EV strategy.
    • Though the German automaker called the EV initiative its "biggest change process" in its history, analysts wanted more details. While 30 new EV models are expected over the next ten years, and a target of a 20% to 25% EV mix by 2025 was set by the company, management didn't dive into specifics on production, price points, and driving ranges.
    • "There are worthy elements among the plans but it's probably also a marketing exercise by VW to tell the public that they have gotten the message," noted Commerzbank analyst Sascha Gommel.
    • "Without any additional details on planned measures as well as on Dieselgate, we stick to our skeptical view on VW," DZ Bank analyst Michael Punzet wrote.
    • Other automobile industry watchers think Volkswagen will need to move on its electrification talk rather quickly with the German government backing the EV industry with incentives and the mass-market Chevy Bolt (NYSE:GM) and Model 3 (NASDAQ:TSLA) aiming high. However, a serious disadvantage for Volkswagen in making a significant EV makeover is the high level of representation from labor on the board.
    • Volkswagen ADRs are down about 7% for the week.
    • Previously: The Germans roll forward with EV plans (June 11)
    | Fri, Jun. 17, 9:07 AM | 53 Comments
  • Tue, Jun. 7, 11:44 AM
    • Samsung SDI (OTC:SSDIY, OTC:SSNLF) rose sharply in trading in Seoul today after more reports emerged indicating that the company is in advanced talks with Tesla Motors on a battery supply deal.
    • Samsung SDI declined to confirm to the Korea Herald if a deal with Tesla is about to be struck.
    • Shares of Panasonic (OTCPK:PCRFF, OTCPK:PCRFY) fell in Tokyo by about 2% on Monday, but tracked back higher by 1% today.
    • Tesla Motors (NASDAQ:TSLA) is up 4.95% to a session high of $231.63. Ron Baron was talking up Tesla on CNBC this morning (nothing new) on top of the battery news.
    • Previously: Tesla Motors brings in battery cells from Samsung (June 2)
    | Tue, Jun. 7, 11:44 AM | 202 Comments
  • Wed, May 18, 4:07 PM
    • The company launches a roughly-$2B secondary, with $1.4B being offered by Tesla (NASDAQ:TSLA) and the rest being sold by Elon Musk to cover the taxes on his concurrent exercise of more than 5.5M stock options.
    • Proceeds (from Tesla's sale) will be used to accelerate the ramp of the Model 3.
    • As for the CEO, the company notes the transactions will have the effect of increasing Musk's stake in Tesla.
    • Source: Press Release
    • Goldman Sachs and Morgan Stanley are the lead underwriters. Goldman's upgrade this morning helped send Tesla higher by 3.2% in the regular session.
    • Shares are lower by 2% after hours.
    | Wed, May 18, 4:07 PM | 269 Comments
Company Description
Tesla Motors, Inc. engages in the design, development, manufacturing, and selling of electric vehicles and electric powertrain components. Its products include electric vehicles such as the Model S, Model X, and the Tesla Roadster. The company was founded by Jeffrey B. Straubel, Elon R. Musk and... More
Industry: Auto Manufacturers - Major
Country: United States