Thu, Apr. 30, 1:51 PM
- Tesla Motors (TSLA -1.8%) will makes its announcement on a new product line tonight at 11:00 p.m. ET.
- The company has tipped off that a home battery and a large utility-scale battery will both be unveiled.
- Tesla has the support of some energy companies and retail partners such as Wal-Mart in very early looks at next-gen energy storage, and could be a player at scale if the potential of the Gigafactory is realized.
- Similar to the difficulties seen with pinning a valuation number on the Model 3 and Model X for Tesla on the automotive side of the business, things are just tricky with the home energy matrix.
- Deutsche Bank thinks home energy storage operations will add $100 to Tesla's share price, while Credit Suisse is more conservative at $30-$40. There are some bears that will argue the realistic potential is already baked in.
- Live stream of Tesla's event tonight
Thu, Apr. 30, 11:08 AM
- A 25-page thesis from Fiat Chrysler Automobiles titled "Confessions of Capital Junkie" presents the case that automakers need to consider consolidating through mergers.
- The automobile industry is set up for failure unless costs from R&D and regulatory changes can be shared on a larger scale, according to the company.
- "Capital consumption rate by OEMs is unacceptable—it is duplicative, does not deliver real value to consumers and is pure economic waste," reads the presentation.
- There's even a slide with a quote from Alice in Wonderland to hammer home the automaker's main points on the need for M&A.
- Today, Ford CEO Mark Fields told CNBC the company isn't looking for a merger within the auto space. Similar comments have been made by execs with General Motors, Nissan, and Toyota in the recent past.
- FCA's industry analysis (.pdf)
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Mon, Apr. 27, 9:54 AM
- Deutsche Bank is positive on the impact of Tesla Motors (TSLA +4.9%) entering the home energy and presents an upside outlook ahead of the consensus Street view.
- "The bull case would be that this business could potentially add $5 to our 2020 EPS estimate of $20. At 20x P/E, this would equate to $100 per share," reads the note from DB.
- Tesla is rated a Buy at Deutche with a price target of $245.
- Shares of Tesla are at 2015 highs on pre-announcement enthusiasm.
- Thursday is when the company makes its presentation.
- Previously: Energy storage potential a big question with Tesla Motors (Apr. 22 2015)
- Previously: Tesla Motors preps for energy storage launch (Apr. 23 2015)
Thu, Apr. 23, 3:35 PM
- A detailed presentation Tesla Motors(TSLA) made to the California Public Utilities Commission last December and new documents filed with the regulator are getting closer looks with the company's April 30 announcement drawing closer.
- Powertrain business exec Mateo Jaramillo outlined various goals and challenges with grid-connected batteries at the CPUC workshop.
- Environmental groups and brokerage firm analysts have also been briefed by Tesla on the battery storage initiative, while Wal-Mart is participating in a test of some of Tesla's battery systems.
- Tesla's CPUC presentation (.pdf)
Wed, Apr. 22, 2:29 PM
- 22% of hybrid and electric car owners making a trade-in this year opted to go for a SUV, according to data from Edmunds.com
- The mark stood at 18.8% a year ago and 11.9% three years ago.
- The rate at which hybrid and EV car owners bought another green car fell below 50%.
- Edmunds.com connects the dots to conclude that the level of gas prices in the U.S. was a primary factor in the trade-in trend.
- The break-even point for higher-priced EVs lengthens as gas prices fall.
- Automobile industry analysts think the trend could snap back just as quick with an energy market shock.
- YTD U.S. plug-in sales are up ~2.9%.
- Related stocks: OTCPK:NSANY, TM, HMC, GM, F, TSLA.
Wed, Apr. 22, 9:57 AM
- Deutsche Bank takes a favorable view on the opportunities in front of Tesla Motors (TSLA +3.3%) with battery storage.
- The investment firm expects the market for utility scale energy storage to triple to $6B by 2020, although it concedes forecasting Tesla's revenue potential is a somewhat "speculative" ordeal.
- Projections from other firms on energy storage revenue for Tesla have varied wildly.
- Tesla is rated at Buy with a $245 price target by DB.
- Previously: Tesla to unveil home, utility batteries in rollout next week
Tue, Apr. 21, 7:29 PM
- Tesla Motors' (NASDAQ:TSLA) April 30 product announcement will be unveiling a home battery as well as a large-scale utility battery, Bloomberg reports, citing an e-mail from the company's investor-relations chief.
- The mail notes that Tesla “will explain the advantages of our solutions and why past battery options were not compelling.”
- Speculation has been widespread that the coming announcement -- which Tesla chief Elon Musk tweeted about at the end of March -- would be about a product that would either supplement or threaten the traditional utility power grid.
- Musk said during a February earnings call that such a battery was coming from them, sooner or later.
Mon, Apr. 20, 9:51 AM
- What could have been: With Tesla (TSLA -0.5%) in dire straits in March 2013 as the company struggled to fix Model S bugs and convert pre-orders into actual sales, Elon Musk reached out to Larry Page and "proposed that Google (GOOG +1.6%) buy Tesla outright," Bloomberg's Ashlee Vance reports through an excerpt from a Musk book due out on May 19.
- Vance adds Tesla would've cost Google $6B at the time after factoring "a healthy premium" - Tesla's market cap is currently $25.9B. As part of the deal, Musk wanted Google to promise to invest $5B in factory expansions and let Musk run Tesla for 8 years, until it was ready to launch a mass-market car.
- While "Musk, Page, and Google’s lawyers negotiated the specific terms of the deal" in the following weeks, Tesla's Model S sales began to take off, and the company posted its first profit and repaid its DOE loan. No longer needing a white knight, Musk broke off talks.
- A $6B Tesla acquisition would've been one of Google's largest, surpassed in size only by Motorola Mobility. Google, of course, has kept pushing ahead with its self-driving car efforts since 2013; the company has said it's talking with GM, Ford, Toyota, and others about bringing a self-driving car to market by 2020. Tesla has some interest in this space as well.
- Last year, the San Francisco Chronicle reported Musk met with Apple M&A execs in 2013. Apple's reported car efforts have fueled fresh speculation the company will make a bid for Tesla.
Sat, Apr. 18, 9:48 AM
- The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
- GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
- Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
- While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
- Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
- Partnerships between Silicon Valley and Detroit are expected to accelerate.
- GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
- Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
Tue, Apr. 14, 9:41 AM
- Morgan Stanley is out with new a set of estimates on Tesla Motors (NASDAQ:TSLA).
- The investment firm sees Q1 EPS of -$0.77 vs. -$0.48 consensus.
- FY15 and FY16 EPS estimates are set by MS at -$2.30 and $1.40 vs. consensus $0.58 and $3.99, respectively.
- Morgan sees Tesla delivering 51K vehicles this year to miss the 55K units it guided to deliver.
- Most Model X deliveries will be in Q4, predicts analyst Adam Jonas.
- There's been some hyperbole out of MS on Tesla in the past which increases the drama of extending out the profitability and Model X forecasts.
- Shares of Tesla are down 0.71% to $208.30 in early trading.
Wed, Apr. 8, 7:25 AM
- Tesla Motors (NASDAQ:TSLA) is taking orders for the Model S 70D which adds features to the base version of the model.
- The upgraded 70D has a 70kWh battery pack and dual electric motors with 514 horsepower compared to the 60kWh and 380 hp of the predecessor.
- Pricing goes to $76,070 from $71,070. For those in hurry, the 70D goes from 0 to 60 mph time in 5.2 seconds.
- Further down the road, Tesla is expected to price the Model 3 at less than half the price of the Model S. How long down the road is a key question.
- TSLA +2.64% premarket to $207.90.
Mon, Apr. 6, 8:44 AM
- Shares of Tesla Motors (NASDAQ:TSLA) are getting a lift in early action from the automaker's Q1 delivery update released last Friday.
- The company previously set guidance at 55K units for the year with 60% of the deliveries targeted for the second half.
- Bulls are pointing to the 55% Y/Y growth, while bears are focusing on the Q/Q delivery growth rate and margins.
- Tesla didn't issue any color on if it was impacted by the West Coast port slowdown during the quarter.
- TSLA +4.14% premarket to $198.90.
Fri, Apr. 3, 9:06 AM
Thu, Apr. 2, 3:18 PM
- A Goldman Sachs measure on volatility shows Tesla Motors (TSLA +1.6%) near the top in the consumer discretionary space after an Elon Musk tweet last week teased on a new product from the company.
- The level of options bets being placed indicate a sharp move up or down in Tesla share price is likely around the April 30 announcement.
- Earlier today, Credit Suisse took a long-term bullish view on the EV automaker.
- Previously: New product announcement coming from Tesla Motors on April 30 (March 30)
- Previously: Credit Suisse not joking around on Tesla Motors
Thu, Apr. 2, 1:30 PM
- A running scorecard of U.S. plug-in electric vehicle sales is being tracked by InsideEVs.com.
- A final tally is expected tomorrow.
- Sales by model as reported: Tesla Model S 2,450 (estimated), Nissan Leaf 1,850, BMW i3 950, Chevrolet Volt 639, Toyota Prius PHV 473, Volkswagen e-Golf 195, Mercedes-Benz B-Class ED 145, BMW i8 143, Cadillac ELR 92.
- Related stocks: TSLA, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:BAMXF, GM, TM, OTCPK:DDAIF.
- EV sales were reported at 12,998 units through February compared to 13,021 a year ago after two months.
Thu, Apr. 2, 8:06 AM
- Credit Suisse is taking a crack at Tesla Motors (NASDAQ:TSLA) today in a new note to back its Outperform rating.
- CS says data in from some European countries shows a substantial uptick in Model S volume. The investment firm sees Q1 deliveries of 3.5K on the continent.
- China is called a "big market" for Tesla in the medium-term on optimism the company will compete well in the midsize luxury sedan market
- Tesla's Q1 delivery guidance of 9.5K looks achievable if the automaker pulls in the 4.5K U.S. sales that it's been averaging, notes CS.
- Credit Suisse has a price target of $290 on Tesla to rep 52% upside potential.
- TSLA +2.06% premarket to $191.45. There was some quick drama in the AH session last night when a Tesla April Fool's Day prank on a Model W pulled in a few algorithm-minded or HFT traders.
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