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Tesla Motors (TSLA)

  • Fri, Jul. 10, 5:14 AM
    • Tesla (NASDAQ:TSLA) has hired ex-Burberry senior vice president Ganesh Srivats to lead North American sales, adding an executive to help extend its reputation for automotive luxury.
    • Srivats will help Tesla deepen its already formidable brand into a premium lifestyle experience to go with its high-tech image, taking a cue from the kind of marketing BMW, Porsche and Ferrari have done.
    • TSLA +2% premarket
  • Wed, Jul. 8, 10:37 AM
  • Wed, Jul. 8, 7:37 AM
    • Tesla (NASDAQ:TSLA) gives back a bit more of its recent big run, as Pac Crest's Brad Erickson says the valuation is getting full and downgrades to Sector Weight.
    • He sees fair value for the stock at $293, or just 8% above yesterday's close, meaning a more balanced risk/reward scenario.
    • Shares -2% to $262.44 premarket.
  • Tue, Jul. 7, 8:47 AM
    • Tesla (NASDAQ:TSLA) -1.6% premarket after Deutsche Bank downgrades shares to Hold from Buy, citing valuation and an "insufficient" risk/reward at current levels.
    • The firm thinks the electric vehicle market should increase dramatically from current levels, and TSLA could become the dominant player in the space, but the company's opportunity looks priced into the stock at current levels.
    • Despite the downgrade, the firm raises its 2020 EPS to $22.20 from $20 and raises its stock price target to $280 from $245.
  • Thu, Jul. 2, 7:47 AM
    • Tesla (NASDAQ:TSLA) +2.8% premarket after saying it delivered 11,507 Model S sedans in Q2, a 52% Y/Y and 15% Q/Q increase as well as a company record.
    • But the company will need an uptick of growth in H2 if it is to meet CEO Elon Musk's ambitious sales goal of 55K deliveries for the full year.
    • TSLA does not release monthly sales; its practice of releasing quarterly sales started last quarter because it believed "inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries."
  • Mon, Jun. 29, 11:11 AM
    • Credit Suisse says it has a "high level" of conviction Tesla Motors (TSLA -1.6%) should be valued at $310 to $365 for a one-year timeframe. If Tesla Energy is factored in at its full potential, CS takes the one-year target to $400.
    • Major improvements in the Model S increase the odds for a smooth Model X launch, reasons the investment firm.
    • EPS forecasts from Credit Suisse: $0.12 for 2015 (-$0.02 consensus), $4.00 for 2016 ($3.42 consensus), $6.00 for 2016.
  • Fri, Jun. 26, 9:42 AM
    • Tesla Motors (TSLA -0.6%) and the Gigafactory was discussed at a meeting last night in Nevada of economic officials.
    • A representative from the Governor's office updated lawmakers that progress on the Gigafactory was slightly ahead of schedule.
    • "Certainly by one year from now, that factory will be producing batteries," stated director Steve Hill.
    • Pacific Crest is optimistic on the progress at Tesla after taking a factory tour in Fremont. Waves of new employees and pilot Model X shells were observed during the walk-through.
    • "We continue to expect the X launch sometime in September and would expect investor optimism to grow into this launch," wrote the investment firm. Shares of Tesla are rated Overweight with a $293 PT.
    • Also in the mix, automobile industry analysts noted a bit of smugness from execs out of Detroit with GM seemingly ahead of Tesla in the development of a 200-mile range mass-market EV. Some think the development is just an opening salvo in what could be a war of words over the next-gen models.
  • Thu, Jun. 25, 5:53 PM
    • If there was ever any doubt, Jefferies analysts say Tesla (NASDAQ:TSLA) owners really love their cars, citing a firm survey that revealed exceptional brand loyalty.
    • According to the survey, 25% of respondents are not considering any other brand but Tesla, 85% said their next car would be a Tesla, 83% stated they would recommend a Tesla to their friends, and 89% said they would still buy a Tesla even if the federal tax credit were eliminated.
    • The survey also challenges conventional wisdom that owners are a uniform group of luxury car buyers, and that owners were willing to pay an average of ~60% more for a Tesla, meaning that introducing the Model III by 2017 - whose advertised sticker price is expected at +/-$50K - should help the company tap into the $35K+ price point.
  • Mon, Jun. 22, 12:19 PM
    • A Tesla Motors (TSLA -0.9%) spokesperson has clarified a slide from a presentation made by an executive at a conference last week on the expected launch date of the Model 3.
    • The Model 3 is still "on schedule" and will begin production in 2017.
    • "[The] slide is a high-level look into when Model 3 will be in full production," stated Tesla's Khobi Brooklyn.
    • Earlier: Tesla Motors Model 3 launch pushed back to 2018
  • Mon, Jun. 22, 10:12 AM
    • Tesla Motors (TSLA -0.8%) stumbles in early trading after a slide from a company presentation at a conference indicates the Model 3 is now planned for 2018.
    • Here's the slide as found by
    • The most recent timeline given by Tesla CEO Elon Musk was for a late 2017 debut of the mass market model.
  • Wed, Jun. 17, 11:30 AM
    • Baron Capital founder Ron Baron sees a $120B valuation on Tesla Motors (TSLA +2.9%) in five years.
    • That mark compares to Tesla's current valuation of $33B and Ford's market cap of $59.5B.
    • Baron is a long-time Tesla supporter and was an initial buyer of Tesla shares in the $30s.
    • In the firm's last quarterly report, Baron forecast that Tesla would not be able to meet demand for Generation 3 cars for years to come.
    • Shares of Tesla topped $260 for the first time this year today.
    • CNBC interview with Ron Baron
  • Tue, Jun. 16, 7:19 AM
    • Germany is expected to make a decision by the end of the year if it will provide major incentives for the electric vehicle industry to reach a goal of one million EVs on German roads by the end of the decade.
    • The nation faces some pressure from an European Union mandate to help automakers cut vehicle fleet emissions to 95 grams/km by 2021.
    • "Germany will have no choice but to offer further support (for EVs) although we've already done some things," noted Chancellor Angela Merkel at an EV conference.
  • Mon, Jun. 15, 3:30 PM
    • Tesla Motors (TSLA -0.2%) plans to introduce a crossover and a sedan as part of its Model 3 initiative, chief technical officer JB Straubel disclosed over the weekend.
    • The Model 3 lineup is expected to start selling in 2017 at a pricing level that makes it more appealing to a broader part of the population than the pricey Model S.
    • Straubel also fired off the same Tesla long-term annual selling projection (500K by 2020) first issued by CEO Elon Musk.
    • S&P Rating has something to say about Tesla Motors today in a report in which the ratings agency affirmed a B- corporate credit rating on the company.
    • "In our opinion, the company could still tap additional sources of liquidity over the next 12 months to fund its ongoing growth investments," said S&P.
    • Previously: Tesla takes out $500M-$750M credit line (June 12)
  • Fri, Jun. 12, 7:16 PM
    • Tesla (NASDAQ:TSLA) has obtained a $500M, 5-year, credit facility via 5 banks. The EV/battery maker has the option to increase the facility's size to $750M, and is also receiving a $100M letter of credit subfacility and a $40M swingline loan subfacility. (8-K filing)
    • Borrowings will carry floating interest rates. Tesla only says the funds could be used for "working capital and general corporate purposes."
    • Tesla had $1.51B in cash at the end of Q1, and $2.51B in long-term debt. The company has set a $1.5B 2015 capex budget, as it works to build the Gigafactory and expand EV production capacity.
  • Tue, Jun. 9, 6:14 PM
    • Elon Musk states at Tesla's (NASDAQ:TSLA) annual meeting Deepak Ahuja, the company's CFO since 2008, will be retiring. Ahuja will remain on board until a successor is named.
    • Musk also states Model X SUV deliveries will begin in 3-4 months. That meshes with a prior forecast for deliveries by late Q3.
    • New Model S auto-pilot features could be released to customers through a software beta by late June. Musk says he's personally testing the features "every week."
    • Tesla is down fractionally in AH trading.
  • Mon, Jun. 8, 11:28 AM
    • Tesla Motors (TSLA +3.6%) is higher after Baird issues a new report in support of its bullish view on the company.
    • The investment firm thinks tomorrow's Tesla shareholder meeting and delivery guidance from the company in early July could act as short-term catalysts, while the Model X introduction and an unveiling of the Model 3 prototype  are also likely to put a charge into shares when they come off.
    • Baird moves its price target on Tesla to $335 from $275 off a 35X multiple of 2020 EPS projections.
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.