Sep. 8, 2014, 8:33 AM
- Morgan Stanley takes a cautious view on the U.S. automobile industry in a sector-wide downgrade.
- Easy financing and leasing terms is pulling forward demand from the future, according to a forecast from MS.
- The investment firm's price target on General Motors (NYSE:GM) was reduced to $29 from $33.
- Related stocks: TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY.
- Previous: Ford cut to Underweight by MS.
Sep. 8, 2014, 7:09 AM
- Tesla Motors (NASDAQ:TSLA) CEO Elon Musk says he wouldn't be surprised if the EV automaker strikes a major deal with Toyota (NYSE:TM) in the next two to three years.
- Though Tesla has supplied batteries for some RAV4 EVs over the last few years, there has also been a bit of friction between the two companies in a war of words over the use of hydrogen fuel cell technology.
- Musk's comments were made in Japan where Model S deliveries are starting.
- TSLA +0.7% premarket
Sep. 5, 2014, 8:03 AM
- Tesla (NASDAQ:TSLA) is on watch after CEO Elon Musk told CNBC last night, "I think our stock price is kind of high right now, to be totally honest."
- Investors "sometimes get carried away" with the stock price, Musk said. "If you care about the long term, I think the stock is a good price. If you look at the short term, it is less clear."
- The CEO made similar remarks last November when the market cap was ~$15B; the valuation now is ~$36B.
- Shares -0.8% premarket.
Sep. 4, 2014, 8:59 PM
- The state of Nevada offered Tesla Motors (NASDAQ:TSLA) $1B worth of benefits in the form of tax breaks and abatements spread out over 20 years in order to win the gigafactory, according to Governor Brian Sandoval.
- Tesla CEO Elon Musk kept his statement simple, saying the gigafactory will allow for the mass production of EVs for decades to come.
- What to watch: The gigafactory promise from Tesla is for 50GWh in annual production by 2020. That works out to a run rate of 500K Tesla cars.
Sep. 3, 2014, 3:48 PM
- Execs with Tesla Motors (TSLA -1.1%) will join Nevada Governor Brian Sandoval at a press conference tomorrow in Carson City, Nevada during which it's expected that an announcement will be made that Tesla's gigafactory will be located in Nevada.
- No official statement from the EV automaker has been issued.
Sep. 2, 2014, 8:26 AM
- Stifel Nicolaus upgrades Tesla Motors (NASDAQ:TSLA) to a Buy rating and gives the EV automaker a $400 price target.
- The investment firm walked away impressed from a factory tour and sees a run rate of 1,000 units per week by the end of the year as achievable.
- The estimate for Tesla's 2017 EPS is lifted to $8.28 vs. $6.14 prior.
- Stifel on momentum: "TSLA sentiment is like a freight train, in our view, benefiting from a well manicured growth story that has caught the eye of a much broader investor base relative to most auto stocks."
- TSLA +2.8% premarket to $277.26.
Aug. 29, 2014, 11:08 AM
- Comments out of China from BYD Company's Wang Chuanfu are creating a stir in the electric vehicle industry.
- Chuanfu maintains that a new consumer tax on gas is being considered by Beijing.
- He notes that even a 0.2 yuan per liter tax adds up to "hundreds of billions" which could be funneled by the government to support EV infrastructure and development programs.
- Tesla Motors (TSLA +2.3%) printed an all-time high of $270.60 earlier with the China news helping to boost sentiment a bit.
Aug. 29, 2014, 10:27 AM
- Global auto sales rose 1.5% in July to 6.87M units.
- A strong month in China and India helped offset weakness in Japan, Brazil, and Russia.
- YTD sales are up 2.6% Y/Y to 50.2M units through July, paced by strong demand in North America and Asia.
- What to watch: South America continues to see its market share for global auto sales slide. The region could see automakers pull back further on capacity and investments due to the slump.
- Automakers: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM
Aug. 29, 2014, 7:21 AM
- Tesla Motors (NASDAQ:TSLA) signs a deal with China United Network Communications to build 400 charging stations in 120 different Chinese cities.
- The EV automaker will provide the equipment for the stations, while China Unicom will contribute the real estate.
- 20 supercharging stations will also be constructed by the companies in China.
- TSLA +1.4% premarket
Aug. 26, 2014, 6:52 AM| 56 Comments
Aug. 25, 2014, 11:22 AM
- Global Equities Research walks away from a factory tour at Tesla Motors (TSLA +2%) duly impressed.
- Analysts with the firm note the beehive of activity at the facility, including European and Asian supplies working closely with Tesla engineers.
- Supplier issues have been highlighted as a potential drag on the automaker by some Tesla skeptics.
- A run to $385 a share over the next 12-18 months is possible, reasons Global Equities.
Aug. 21, 2014, 8:35 AM
Aug. 18, 2014, 2:47 AM
- Russia may impose restrictions or a ban on vehicle imports from Western countries, if the U.S. and EU impose additional sanctions on Moscow, Reuters reports quoting the Vedomosti.
- The paper says that the proposals have already been sent to Putin for consideration but no decision has been made yet.
- The new ban, however, would not apply to foreign automakers' production inside Russia. Ford (NYSE:F), Volkswagen (OTCQX:VLKAY), Renault (OTC:RNSDF), Toyota (NYSE:TM) and Hyundai (OTC:HYMLF) all have production facilities inside the country.
- Related stocks: AN, KMX, CRMT, GM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, TTM, OTCPK:FUJHY.
Aug. 15, 2014, 5:18 PM
- Tesla (NASDAQ:TSLA) says it is increasing the drive unit warranty for its Model S sedan to match that of the battery pack, and will now be covered for eight years and "infinite" miles, applying to all Model S cars produced to date.
- TSLA expects the warranty extension to have a "moderately negative" effect on its earnings in the short term.
- The news capped a big week for TSLA shares, which started out with a big upgrade from Deutsche Bank and registered four days of all-time highs before gaining 5.5% on the week; a negative review from Consumer Reports barely caused a ripple as far as investors were concerned.
Aug. 13, 2014, 1:09 PM
- A fall in used car prices in the U.S. could put some pressure on automakers to offer higher incentives to lure in buyers for new vehicles, according to analysts.
- Truecar.com estimates that new-car incentives will push up 11% to $3K per vehicle in the next two years to counterbalance a drop in used car pricing.
- The long-term forecast for the automobile industry is still favorable with most research firms calling for a return to a pre-recession level of volume.
- Related stocks: AN, KMX, CRMT, GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM, OTCPK:FUJHY.
Aug. 12, 2014, 11:48 AM| 104 Comments
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