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.
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| 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.
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)
TSLA vs. ETF Alternatives
Other News & PR