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Tesla Motors (TSLA)

  • Wed, Mar. 4, 1:59 PM
    • Tesla Motors (TSLA +0.3%) is advertising for 78 open positions for its new stationary-storage unit.
    • The company calls the business a multi-billion dollar revenue maker in the near term in one of the job descriptions (see DevOps posting).
    • Tesla has promised more details on its energy storage plans in the near future after listing it as a current product in recent SEC filings.
    • Analysts have noted the potential for the company to realize lusher margins in storage supply than automobiles.
    • Tesla Motor's Annual Report (10-Q filing)
  • Wed, Mar. 4, 12:34 PM
    • Investors betting on the Chinese automobile market need to factor in how runaway pollution impacts investment potential, warn analysts.
    • The air Pollution index in China has hit dangerous levels this week with Beijing registering a 168 today and Nanjing hitting a shockingly high 288 yesterday (extremely unhealthy).
    • Other cities with an "unhealthy" reading on air quality include Guangzhou, Nanjing, Maanshan, Chengdu, Chuzhou, Zhenjiang, Yahgzhou, Wuhu, and Hong Kong.
    • Reports indicate the Chinese population has become more concerned about the medical ramifications of long-term exposure to pollution.
    • Some automobile industry watchers think foreign car manufacturers could benefit at the expense of domestic automakers if the government in China is to take further steps to push low-emission cars and EVs.
    • The other side of the equation is the restrictions placed on car sales in certain regions in the nation.
    • China auto sales are expected to rise 8.3% this year.
  • Tue, Mar. 3, 3:16 PM
    • All-electric and plug-in hybrid car sales showed only modest growth in the U.S. during February.
    • A slow pace of sales in February was expected for the Leaf and Chevrolet Volt with General Motors and Nissan holding back on marketing efforts in front of this summer's release of next-gen models.
    • The surprise of the month may have been BMW i3 topping the 1K mark during the tough weather period and with lower gas prices in the background.
    • YTD EV sales are running slightly ahead of last year's pace.
    • Looking ahead: Though EV sales are only a fraction of the total U.S. auto market, repping only ~15% of sales of the Toyota Camry for instance, major bets are being laid out by automakers on research and development. Exponential demand growth in the segment will be needed to make the Model X, Chevrolet Bolt, BMW i3, 2016 Toyota Prius PHV, 2016 Leaf, and other notable entries major successes.
    • February EV sales scorecard (units): Nissan Leaf 1,198, Model S 1,150 (estimated), BMW i3 1,089, Chevrolet Volt 693, Toyota Prius PHV 397 (plug-in not conventional hybrid), Cadillac ELR 127, Chevrolet Spark 119, BMW 113.
    • Related stocks: Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), General Motors (NYSE:GM).
  • Mon, Mar. 2, 10:49 AM
    • Tesla Motors (NASDAQ:TSLA) is down 3.17% to $196.88 on above-average volume.
    • The last few times Tesla shares have slid under the $200 mark there has been enough support to lend a relatively quick recovery, although Tesla skeptics think this time around is different.
    • The release of Tesla's 10-K late last week has been the biggest story over the last few days.
    • 10K-sleuthing: Barclays noted earlier today that Tesla is now building cars beyond the number of orders it has piled up and that gigafactory costs are only in their infancy. The WSJ dug out that Tesla staffing went up 73% Y/Y to 10,161 and the R&D spend was up 100.3%. On a per-vehicle basis, advertising and marketing costs rose 273% to $1,493. Some hints on the Model X were viewed as favorable.
    • Tesla Annual Report
  • Thu, Feb. 26, 11:33 AM
    • Tesla Motors (NASDAQ:TSLA) is up over 3% on a volume spike off a shaky rumor linking Apple to the EV automaker.
    • It's possible that algorithm trading kicked in when a Chinese site titled an article "Apple's acquisition of Tesla" and ran loose with some speculation.
    • Here's the Chinese site which kicked off the buzz and the Google Translate version which doesn't show much fruit on the Apple tree.
  • Tue, Feb. 24, 1:25 PM
    • Consumer Reports selects the Tesla Model S as the best overall model with an overall score of 99 on a combined measure of safety, performance, and reliability.
    • Though scoring off the charts on performance and equivalent gas mileage, the Model S was only "average" for reliability.
    • Other segment winners are listed below.
    • Compact car: Subaru Impreza (test score 79).
    • Midsize sedan: Subaru Legacy (test score 89).
    • Large car: Chevrolet Impala (test score 91).
    • Luxury car: Audi A6 (test score 90).
    • Green car: Toyota Prius (test score 75).
    • Sports sedan: Buick Regal (test score 83).
    • Small SUV: Subaru Forester (test score 86).
    • Large SUV: Toyota Highlander (test score 84).
    • Minivan: Honda Odyssey (test score 84).
    • The pickup category was skipped by CR due to the newness of the F-150 and Chevy Colorado launch.
  • Mon, Feb. 23, 10:04 AM
    • Bank of America Merrill Lynch thinks Tesla Motors (NASDAQ:TSLA) won't be able to divert the attention of investors away from quarterly numbers to focus on long-term potential for much longer.
    • In a biting note, analyst John Lovallo calls into question the thesis that Tesla is a production-constrained company without any demand worries.
    • The investment firm and Lovallo have rode an Underperform rating on Tesla since 2013 when shares traded in the $30s.
    • Lovallo and Morgan Stanley's Adam Jonas are at polar opposites in the Tesla debate.(See: Tesla Motors: Model X out in the wild, another bull call from MS)
    • BAML chiseled its price target on the EV automaker down to $65 from $70.
    • Shares of Tesla are -1.35% to $214.39 on strong volume in early trading.
  • Thu, Feb. 19, 10:14 AM
    • Morgan Stanley maintains an Outperform rating and $280 price target on Tesla Motors (NASDAQ:TSLA) in a new note which includes its fair share of "ifs" that the EV automaker needs to hit.
    • Analyst Adam Jonas says an on-time Model X could set up shares to reach an all-time high by the end of the year.
    • Nothing brand-new, but Jonas also says he's willing to take on the cash burn risk on the stock in order to bet on Tesla disrupting the industry.
    • Skeptics have accused Jonas of being a Tesla acolyte ever since one of his research notes last year forecast a "utopian society" of self-driving cars with Tesla at the center.
    • The Model X prototype has been spotted out in the wild in California more frequently this month, giving auto enthusiasts something to chew on.
    • A production version of the Model X isn't expected until the assembly line is rolling.
    • Shares of Tesla are up 0.93% to $206.35 on average volume. The $210 price level hasn't been cracked since before the EV automaker reported Q4 earnings.
  • Tue, Feb. 17, 3:45 PM
    • The number of electric vehicle charging stations (including households) in Japan has soared to 40K, according to data compiled by Nissan (OTCPK:NSANY). The tally is about 6K higher than the number of gas stations in the nation.
    • Demand for EVs in South Korea hasn't taken off despite government subsidies. A summary from indicates less than a thousand electric cars were sold in 2014 with Kia (OTC:HYMLF) accounting for a majority of them.
    • The presence of Apple (see today's latest) and Google hanging over the automobile industry has given a lift to select stocks associated with the EV market in China. There's also talk from Beijing of new policies to support EV sales in the nation.
    • It's been a relatively quiet day for Tesla Motors (NASDAQ:TSLA), although the company did set its attorneys loose in Missouri to join a lawsuit in the state over the direct-to-consumer sales model. Shares of Tesla are up 0.4% to $204.56 on light volume.
  • Sat, Feb. 14, 12:25 PM
  • Sat, Feb. 14, 10:53 AM
  • Fri, Feb. 13, 6:17 PM
    • Some more color on reports that Apple (NASDAQ:AAPL) has been hiring auto engineers, including from Tesla (NASDAQ:TSLA): The company has several hundred employees working on project "Titan," toward an Apple-brand electric car that one source says resembles a minivan, The Wall Street Journal reports.
    • It might not end up as a released car, the report notes -- lots of work along the way could be used to boost other Apple products -- but the size of the team is telling.
    • VP Steve Zadesky was reportedly given permission to create a 1,000-person team for the project and to work off-site from Apple HQ.
    • Building cars is expensive, requiring billion-dollar plants, but Apple's $178B in cash means the barrier to entry is far smaller than for others.
    • A self-driving car (a la Google (NASDAQ:GOOG)) is not in Apple's plans, a source says.
    • After hours, TSLA -0.9%.
    • Previously: Talent showdown between Tesla Motors and Apple (Feb. 10 2015)
  • Fri, Feb. 13, 2:22 PM
    • Apple (NASDAQ:AAPL) is actively recruiting automobile industry experts to work at a secret lab, sources tell Financial Times.
    • The hires are reported to include vehicle design experts.
    • Earlier this week, CEO Tim Cook called CarPlay (auto OS) a key technology platform for the company in the future.
    • CarPlay is expected to be included in some future Ferrari, Daimler, Volvo, and Volkswagen models.
    • Though this week's events have rekindled some rumors of an iCar, there's nothing solid yet from Apple indicating it's heading in that direction.
    • The plans of Apple in auto has some bearing on Tesla Motors (NASDAQ:TSLA), BMW (OTCPK:BAMXY), and even General Motors (NYSE:GM) with its OnStar asset.
    • Apple isn't the only tech giant dabbling in the auto sector, Google has ambitious self-driving car and Android integration projects of its own.
    • Related: Talent showdown between Tesla Motors and Apple.
  • Thu, Feb. 12, 2:24 PM
  • Thu, Feb. 12, 9:15 AM
  • Thu, Feb. 12, 8:14 AM
    • Tesla Motors (NASDAQ:TSLA) CEO Elon Musk indicated during the firm's conference call last night that the Model 3 should be in production by the second half of 2017.
    • The EV automaker won't go "super crazy" with the mass-market model, according to Musk.
    • A lot of time on the call was spent defusing the blown-up concerns on the slow start in China (somebody is losing their job) and restating his confidence on Tesla's profitability (the numbers work out).
    • The forecast for 55K vehicles (Model S and X) delivered in 2015 appears to be a rather loose target with a revision up or down likely.
    • Musk also went into SpaceX-Musk mode with a tease of a secret weapon on the demand side. "It could be pretty interesting," he said with no elaboration.
    • Look for a lot of capex spending out of Tesla and very little marketing in 2015.
    • Earnings call transcript
    • Previously: Tesla misses by $0.44, misses on revenue (Feb. 11 2015)
    • Previously: Tesla's Q4 hurt by delayed deliveries; strong 2015 growth expected (Feb. 11 2015)
    • TSLA -7.77% premarket to $196.27.
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.