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Tesla Motors (TSLA)

  • Wed, Apr. 1, 3:30 PM
    • Actavis (ACT -1%) should outperform following its purchase of Allergan, and FDA action dates for eluxadoline and cariprazine could also be catalysts.
    • Though Occidental Petroleum is the team's top pick in energy, Anadarko (APC +1.1%) is the best short-term play on a recovery in oil prices.
    • Strong fundamentals and easy year-over-year comps make AvalonBay (AVB -0.9%) a pick in apartment rentals.
    • A favorable Supreme Court ruling in King vs. Burwell by the end of June provides plenty of upside possibility with little downside for HCA Holdings (HCA -0.8%).
    • Also on the buy list are Ingersoll-Rand (IR -1.5%), Nvidia (NVDA +0.2%), UTX (UTX -1.1%), and Disney (DIS +0.4%).
    • Making the underperform list is the Gap (GPS -2.2%) thanks to less room for cost cutting and a forecast for continued weakness in sales. Also a Q2 sell: Tesla (TSLA -1%) " lacks any real technological advantage over its competitors" says the team, seeing a significant Q1 loss, an increase in the already-high cash burn, and a questionable delivery outlook.
    • Source: Benzinga
  • Mon, Mar. 30, 6:54 PM
    • Bloomberg reports Tesla's (NASDAQ:TSLA) Chinese sales rose 130%-150% M/M in March. JL Warren previously reported Chinese Model S registrations fell 45% M/M in February to 260.
    • China was a weak spot for Tesla in Q4; Elon Musk blamed salesforce miscues. Tesla has been working to address range anxiety among would-be buyers, and (through a $2,000 option) provide more luxurious rear seats for wealthy Chinese accustomed to being chauffeured.
    • TSLA +1.3% AH to $193.10. Earlier today, Musk (in addition to disclosing an April 30 product launch) reiterated he's confident about Tesla's long-term Chinese prospects.
  • Mon, Mar. 30, 12:45 PM
    • Elon Musk says Tesla Motors (NASDAQ:TSLA) will unveil a "major" new non-automotive product line during a presentation at the Hawthorne Design Studio on April 30.
    • The exec also tweeted out a quick note of confidence on the EV automaker's prospects in China.
    • Product-guessing should keep Tesla watchers busy for the bulk of April.
    • Shares of Tesla moved higher off the development and are now +2.3% for the day after sitting in negative territory.
  • Mon, Mar. 30, 7:13 AM
    • Tesla Motors (NASDAQ:TSLA) continues to test its Model X crossover around Palo Alto, according to reports.
    • The basic Model X design appears largely unchanged (video) from earlier prototypes and includes the falcon wing doors.
    • A launch of the Model X by the EV automaker is expected later this year.
  • Fri, Mar. 27, 11:15 AM
    • Model S registrations fell 45% M/M in February to 260, according to data from JL Warren.
    • The research firm notes the number of cars imported by Tesla Motors (NASDAQ:TSLA) to China is also lower than the level of a few months ago in what could be an indication of weak demand.
    • CEO Elon Musk is in China at the moment and is scheduled to speak publicly in Hainan on Sunday.
    • Tesla is down 2.24% to $186.13 vs. the 52-week trading range of $177.22 to $291.42.
  • Wed, Mar. 25, 8:55 AM
    • Tesla Motors (NASDAQ:TSLA) is cut to an Underperform rating by CLSA.
    • Snippets from the analyst note are below.
    • "Based on discussions with the company and initial margins for the Model S, we believe Model X margins in 2H15 will be more dilutive than previously thought."
    • "We believe the stock could continue to underperform this year, as investors debate Tesla's demand and earnings trajectory."
    • "Longer term, though, we continue to believe the stock is attractive."
    • CLSA lowers it price target to $220 from $275.
    • TSLA -1.69% premarket to $198.32.
  • Tue, Mar. 24, 9:58 AM
    • Tesla Motors (TSLA +0.4%) has been approved for a new-energy program in Shenzhen.
    • Model S vehicles will be included as part of the 20K license plate tags set aside in the Chinese municipality near Hong Kong.
    • The development takes place in the home city of EV automaker BYD Co.
    • Previously: Dark cloud over China auto market (Mar. 04 2015)
    • Previously: Meet the Chinese Gigafactory (Mar. 14 2015)
  • Fri, Mar. 20, 11:10 AM
    • A self-driving car from Tesla Motors (NASDAQ:TSLA) would be considered legal in 45 states at the moment, according to analysis from Wired.
    • That 90% ratio is expected to change.
    • The self-driving issue is likely to be teed up politicians and regulators over the next year as Tesla's new software update pushes up the timetable on the autonomous car concept.
    • In Germany, for example, an explicit ban exists on autonomous driving.
    • Another riveting puzzle: How does the software code get tested?
    • There's also the question of what the insurance industry will have to say about the burgeoning technology and how much advanced sensor components will cost.
    • Automobile experts think some functions such as self-parking, car retrieval features, and collision prevention technology will be approved federally and locally - while the full Muskonian dream may be a reach.
    • BMW (OTCPK:BAMXY), Google (NASDAQ:GOOG), Audi (OTCQX:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and Nissan (OTCPK:NSANY) are the other companies/brands out in front with self-driving car development.
    • The Detroit Three (GM, F, FCAU) are mainly just kicking the tires on the concept.
    • Previously: Tesla Motors talks range and self-driving features (Mar. 19 2015)
  • Thu, Mar. 19, 12:30 PM
    • A Tesla Motors (NASDAQ:TSLA) conference call today focused heavily on software upgrades and self-driving car features.
    • The company announced a new over-the-air software update will include a range assurance alert to guide Model S drivers when they need to recharge.
    • The feature will make it nearly impossible to run out of range, promises CEO Elon Musk.
    • The CEO calls driving range of 250 miles to 300 miles the "sweet spot" for the EV industry.
    • A trip planner will also be an add-on.
    • The upgrade will unveil Tesla's automatic emerging braking feature which will be included in all future models.
    • Blind spot and collision warnings are part of the new platform as well as auto steering.
    • The EV automaker shows it's near the lead in the autonomous driving car race with a new "summon" feature that will bring your car to you. Self-parking is also an option.
    • The Model X will arrive this summer, says Musk.
    • No company financial information was discussed during the call.
    • Shares of Tesla are down 1.23% to $198.45 and sit on their lows.
  • Wed, Mar. 18, 3:26 PM
    • Tesla Motors (TSLA +2.4%) is up and running again in New Jersey after Governor Chris Christie signed a bill to allow the company to sell directly to consumers.
    • The automaker is required to have at least one service center open in the state.
  • Tue, Mar. 17, 3:36 PM
    • It's been a quiet week so far with Tesla Motors (TSLA -0.2%) as investors wait to see what a driving range update on Thursday is all about.
    • Several analysts have suggested the software upgrade will include an improved frequency modulation technique (DC to AC conversion) which could boost the range of Tesla Model S vehicles.
    • Global Equities Research thinks Tesla engineers have some patent applications (#20140253023, #20140209344, #20140152315, #20140153150, #20130328531, #20130307491) pending that could give the EV company an advantage over other auto manufacturers with its inverter technology.
    • An advanced reporting system or a new charging partnership have also been teed up as potential ways Tesla may tackle the issue of driving range anxiety.
    • Previously: Tesla to unveil Model S software update (Mar. 16 2015)
  • Mon, Mar. 16, 2:29 AM
    • Tesla (NASDAQ:TSLA) will present a software update to its Model S vehicle at a news conference on Thursday that is designed to allay fears that drivers will run out of power for their cars, Elon Musk announced on Sunday.
    • "Tesla press conf at 9am on Thurs. About to end range anxiety ... via OTA software update. Affects entire Model S fleet," Musk said in a tweet.
  • Sat, Mar. 14, 10:41 AM
    • BYD Company sold a subsidiary to Holitech this week for 2.3B yuan ($368M).
    • The Chinese company said in its filing with the Hong Kong exchange that it intends to allocate more resources to develop its new-energy vehicle business to expand on existing levels of electric car and bus production.
    • A new 3B yuan ($479M) bond offering from BYD is also in the works.
    • BYD is emerging as the main competitor to Tesla Motors (NASDAQ:TSLA) in the electricity storage industry with plans to triple battery production.
    • Execs with BYD maintain the company could produce ~34 GWh of battery capacity by 2020 if demand trends are strong - a pace that rivals projections for Tesla's Gigafactory production.
    • Berkshire Hathaway (BRK.A, BRK.B) owns a sizable stake in BYD Company (OTCPK:BYDDY, OTCPK:BYDDF).
    • BYD's aggressive positioning could have some impact on companies tied to the lithium industry.
    • Potential lithium plays: OTCPK:PCRFY, ARTX, SQM, ENS, OTCQX:WLCDF, FMC, LIT (add your own in the comment stream).
    • Previously: Dark cloud over China auto market (March 4)
  • Fri, Mar. 13, 10:07 AM
    • Tesla Motors (TSLA -1.3%) reassigns Jerome Guillen to a customer-satisfaction position away from duties as the automaker's global sales chief.
    • The company is looking to hire separate executives to head sales operations in Asia, North America, and Europe.
    • Deutsche Bank reduced EPS estimates on Tesla in a revision based in part on foreign currency action. 2011 EPS is taken to $0.11 from $0.52 and 2016 goes to $1.75 from $2.00.
    • Long-term potential on Buy-rated Tesla overrides the short-term F/X impact, according to DB.
    • A video note from Morgan Stanley isn't particularly helpful. Tesla shares could multiple by 10X or lose half their value during a wild ride, surmises MS.
    • The firm also gives an Orwellian twist to the story by noting Tesla can monitor drivers 24 hours a day through its advanced software.
  • Thu, Mar. 12, 7:57 AM
    • Toyota (NYSE:TM) confirms that yesterday's recall of RAV4 EVs due to a software flaw in the propulsion system involved a component supplied by Tesla Motors (NASDAQ:TSLA).
    • The recall only involved 2.5K vehicles - a minor amount compared to the high-profile GM (ignition switch) and Honda (airbag) recalls over the last year.
    • Details on the RAV4 EV issue are limited as automakers typically clam up when asked for breakdowns on recall costs and supplier relationships.
    • The partnership between Toyota and Tesla ended last year with the Japanese automaker turning part of its focus to hydrogen-powered cars.
    • Previously: New round of Toyota recalls total 112.5K (Mar. 11 2015)
  • Tue, Mar. 10, 6:11 PM
    • Tesla Motors (NASDAQ:TSLA) says it can deliver its top-of-the-line P85D Model S dual-motor, four-wheel-drive electric sedan within 20 days, far shorter than its less expensive models and indicating it has shifted production to the $105K-and-up sedan to boost revenue, WSJ reports.
    • TSLA’s online ordering tool this week shows the P85D is available for delivery in late March, while the $71K-and-up single-electric motor Model S is first available in May.
    • The short wait time - in the past year deliveries have been as long as three months - raises concerns about the strength of demand for TSLA’s pricey cars, the report says.
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.