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Tesla Motors (TSLA)

  • Oct. 24, 2014, 8:38 AM
  • Oct. 24, 2014, 1:52 AM
    • Toyota (NYSE:TM) is now the next automaker to sell a stake in Tesla (NASDAQ:TSLA), although it did not disclose the timing or amount of the sale.
    • Daimler unloaded its remaining 4% stake in the electric car earlier in the week for $780M.
    • Toyota invested $50M in Tesla in May 2010 (giving it a 2.5% stake at the time), ahead of the company's IPO in June that year.
  • Oct. 22, 2014, 8:07 AM
    • A new report from Advanced Automotive Batteries dissects Tesla Motors (NASDAQ:TSLA) and its gigafactory battery project.
    • It's quickly noted that most major automakers are designing EVs around government mandates instead of looking to be transformative.
    • The research firm forecasts Tesla and Panasonic (OTCPK:PCRFY) will strike a deal which will stage in Panasonic's investments through 5- to 10-GWh plant capacity additions at a time.
    • Cost reduction benefits from the gigafactory are expected to kick in after 2018.
    • Tesla's annual unit sales could eclipse the 200K level by 2020 if demand in China is strong.
    • Extracts from Tesla battery report (.pdf)
  • Oct. 21, 2014, 4:52 PM
    • Daimler (OTCPK:DDAIF) has sold its 4% stake in Tesla (NASDAQ:TSLA), and terminated the share-price hedge it started in 2013. The sale will "result in a cash inflow of around $780 million" for the Mercedes parent.
    • Daimler affirms it will continue sourcing the powertrain for its Mercedes B-Class Electric Drive from Tesla - development work is now complete - and keep cooperating on "current projects."
    • Tesla's value has risen a bit since Daimler originally acquired a 9.1% stake back in '09.
    • TSLA -1.3% AH.
  • Oct. 21, 2014, 2:54 PM
    • Governor Rick Snyder of Michigan signed House Bill 5606 which will limit the ability of Tesla Motors (TSLA +1.6%) to sell outside of the traditional dealership network in the state.
    • Earlier in the day, General Motors stepped into the fray to urge the governor to enact the bill.
  • Oct. 17, 2014, 10:45 AM
    • A blog post from Tesla Motors (TSLA +2.3%) calls out politicians in Michigan for last-minute changes to a bill which effectively limit the automaker's ability to sell directly to the public in the state.
    • The updated bill didn't see any public debate or commentary before ending up on the Governor's desk.
    • Under the harsh terms of the late amendment, Tesla can't even operate a gallery to showcase models in the home state of the Big Three.
  • Oct. 15, 2014, 1:46 PM
    • House Bill 5606 was passed in Michigan by the state legislature with late language added which prevents Tesla Motors (TSLA -3%) from selling directly to consumers in the home state of the Big Three automakers.
    • Governor Rick Snyder has until October 21 to sign the bill.
  • Oct. 14, 2014, 9:26 AM
    • Research firm IHS is out with teardown analysis of the electronics inside a 2013 Tesla Motors (NASDAQ:TSLA) Model S.
    • Perhaps the biggest surprise was the amount of design work the EV automaker did on its own to customize the model's features.
    • As expected, there's plenty of chips from Nvidia (NASDAQ:NVDA), while Innolux and Japan Display Inc. (Sony, Toshiba, Hitachi) are also prominent.
    • What to watch: The comprehensive teardown puts IHS a step ahead of some Tesla watchers. A cost breakdown of the parts could be upcoming.
  • Oct. 13, 2014, 11:30 AM
    • Tesla Motors (TSLA -4.7%) slips lower again in an ongoing reaction to last week's D-announcement from the EV automaker.
    • As noted by Wired, the slide in TSLA lines up fairly close to the post-Musk tweet run-up.
    • Credit Suisse is out with a positive note in defense of the EV automaker.
    • The investment firm has increased confidence that Tesla will reduce its battery costs and thinks the Model X will be highly competitive in the premium SUV segment.
  • Oct. 10, 2014, 9:24 AM
    • Tesla's (NASDAQ:TSLA) dual-motor, all-wheel drive, P85D features plenty of advanced driver-assistance features, enough so that it's declared to have an autopilot mode. Model S cars produced over the last two weeks also have the hardware to support the features, some of which likely rely on Mobileye's (NYSE:MBLY) systems.
    • Ars Technica: "[Tesla's] hardware includes forward-looking radar, image-recognition cameras, and 360-degree ultrasonic sonar. All these gizmos will give the Model S the ability to read speed limit signs and cruise at whatever the road's limit happens to be, along with the ability to automatically change lanes when a driver indicates with the car's turn signal. The updated autopilot package will also include standard driver assistance tools like lane departure warnings, adaptive cruise control, and automated braking."
    • However, the P85D is a high-end car: Prices range from $105K-$120K. Dual-motor Model S units will sell for $71K-$85K. The release of a mass-market Tesla remains a future event.
    • Previous: Tesla adds driver-assistance features; Mobileye a likely supplier
    • Update: Deutsche says Mobileye is the supplier for Tesla's camera-based systems.
  • Oct. 10, 2014, 8:13 AM
    • Tesla Motors (NASDAQ:TSLA) trades lower after introducing the new versions of the Model S last night.
    • The 60D and 85D version of the Model S feature all-wheel traction, while the EV automaker says the P85D is the fastest accelerating 4-door car ever.
    • Early reaction: Automobile analysts have had a largely favorable reaction to the unveiling so far. The new automated driving system features from Tesla impress, particularly the forward-looking radar which can see through snow and fog. Skeptics still wonder if the Model S enhancements will drive sales higher or push the company into the mass-market segment.
    • TSLA -6.0% premarket to $241.68.
  • Oct. 10, 2014, 4:26 AM
    • Tesla (NASDAQ:TSLA) CEO Elon Musk last night unveiled a dual-motor high-end Model S vehicle, which will be able to travel 275 miles on a single charge and accelerate from 0-60 miles per hour in 3.2 seconds - the same as the McLaren F1.
    • Dubbed the P85D, the sedan will have "auto-pilot" software that includes self-parking.
    • Tesla plans to start shipping the car in December.
    • The launch presumably reveals what Musk meant when he cryptically tweeted about a "D" last week.
  • Oct. 9, 2014, 1:26 PM
    • Credit Suisse adds Tesla Motors (TSLA -0.4%) to its Top Picks list.
    • Analysts Dan Galves thinks the EV automaker's competitive advantages are sustainable.
    • He forecasts near cost-parity for Tesla with IC-powered vehicles by 2017 at which point the company could see margins widen or lower prices on models to grab market share.
    • CS has a $325 price target on TSLA.
    • Previous: D-day arrives for Tesla Motors
  • Oct. 9, 2014, 7:44 AM
    • Tesla Motors (NASDAQ:TSLA) is due to make an announcement today at 10:00 p.m. EDT from the Hawthorne Airport in California.
    • Most analysts expect the EV automaker will announce details on a new all-wheel drive version of the Model S and unveil some self-driving capabilities.
    • Shares of Tesla are up 1.4% to $263.00 in premarket action.
  • Oct. 8, 2014, 1:53 PM
  • Oct. 8, 2014, 8:31 AM
    • Sales of electric vehicles in the U.S. aren't keeping pace with the broader market, according to data compiled by Cowen Research.
    • Sales of EVs rose 1% Q/Q in Q3.
    • On a market share basis, EVs account for 0.7% of sales this year while hybrids are at 2.9%.
    • Models with lithium batteries account for a higher percentage of EV sales than nickel-based batteries, notes Cowen.
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Company Description
Tesla Motors Inc designs, develops, manufactures and sells high-performance fully electric vehicles and electric vehicle powertrain components.