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Tesla Motors (TSLA)

  • 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.
    | Mon, Apr. 20, 9:51 AM | 77 Comments
  • 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.
    | Sat, Apr. 18, 9:48 AM | 44 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.
    | Tue, Apr. 14, 9:41 AM | 163 Comments
  • 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.
    | Wed, Apr. 8, 7:25 AM | 406 Comments
  • 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.
    | Mon, Apr. 6, 8:44 AM | 99 Comments
  • Fri, Apr. 3, 9:06 AM
    • Tesla Motors (NASDAQ:TSLA) announces it delivered 10,030 vehicles in Q1.
    • The tally is a 55% increase from last year's Q1 total.
    • Moving forward, the automaker plans to start releasing delivery totals within 3 days of the quarter end.
    | Fri, Apr. 3, 9:06 AM | 372 Comments
  • Thu, Apr. 2, 3:18 PM
    | Thu, Apr. 2, 3:18 PM | 32 Comments
  • Thu, Apr. 2, 1:30 PM
    • A running scorecard of U.S. plug-in electric vehicle sales is being tracked by
    • 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.
    • EV sales were reported at 12,998 units through February compared to 13,021 a year ago after two months.
    | Thu, Apr. 2, 1:30 PM | 69 Comments
  • 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.
    | Thu, Apr. 2, 8:06 AM | 88 Comments
  • 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
    | Wed, Apr. 1, 3:30 PM | 50 Comments
  • 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, 6:54 PM | 135 Comments
  • 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, 12:45 PM | 240 Comments
  • 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.
    | Mon, Mar. 30, 7:13 AM | 68 Comments
  • 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.
    | Fri, Mar. 27, 11:15 AM | 185 Comments
  • 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.
    | Wed, Mar. 25, 8:55 AM | 381 Comments
  • 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)
    | Tue, Mar. 24, 9:58 AM | 64 Comments
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.