884.99 +2.03 (0.23%)
Pre-market: 8:46AM EDT
|Bid||885.18 x 1000|
|Ask||884.82 x 800|
|Day's range||880.10 - 897.94|
|52-week range||201.80 - 968.99|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||N/A|
|Earnings date||22 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||626.30|
Wall Street has started June from where it ended May, with a lot of enthusiasm about long-term prospects and appetite for risky asset like equities.
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters. GM's plan to develop an electric van has not previously been reported.
General Motors <GM.N> will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) <300750.SZ> as it ramps up electric production in the world's biggest auto market, a senior executive said. The Detroit automaker said in March it would invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc <TSLA.O> in the sector. "We have already established a good working relationship and supply agreement with CATL," said Julian Blissett, GM's China president.
Tesla (TSLA) closed the most recent trading day at $882.96, moving +0.16% from the previous trading session.
Zacks.com featured highlights include: Synopsys, Tesla, Chemed, Teekay Tankers and West Pharmaceutical Services
Ford's (F) China JV with Changan Automobile plans to roll out a hybrid car model with batteries built by the Chinese battery maker BYD Co Ltd.
Volkswagen (VWAGY) is set to invest $2.3 billion in two China-based EV players. Further, it revs up AV drive by closing $2.6-billion investment in Argo AI.
The jump in May was primarily because automotive firms embraced online sales and historically generous incentives to lure people into buying new vehicles.
Polestar, the premium electric vehicle maker owned by China's Geely [GEELY.UL], plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's <TSLA.O> locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.
Polestar, the premium electric vehicle maker owned by China's Geely, plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.
After Elon Musk's SpaceX had a successful launch over the weekend, many investors may be taking a closer look at the visionary businessman's electric-car company.
Tesla could face stiffer competition in the world’s biggest car market. Local champions are gearing up to take it on in China. Reuters sources say luxury electric vehicle brand Polestar - owned by Chinese automaker Geely - is planning a big expansion of its sales network. Right now it has just one showroom there, in Beijing. Now 20 are planned, with most opening in the third quarter of this year. Like Tesla, it plans to sell direct to customers, not through third-party dealers. That means an upfront cost developing showrooms. But gives it more control over retail prices. Based in Sweden, Polestar is closely associated with Geely-owned Volvo. It started producing sedans earlier this year in China, and will export them to Europe and the U.S. Right now Tesla has over 50 showrooms in the country. And Polestar isn’t its only competition. Rival Xpeng plans to have about 200 outlets by the end of the year. And with backing from online commerce giant Alibaba it’s got the financial firepower to compete. Meanwhile China’s government wants 25% of all domestic car sales to be electric vehicles by 2025. That leaves a lot to play for.
O'Reilly (ORLY) well poised to benefit from expanding its business through store openings and buyouts amid the coronavirus pandemic.
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's <TSLA.O> locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.
Despite no notable Tesla-specific news over the weekend, shares of the electric-car maker are rising on Monday. Here's what investors should know.
SpaceX and NASA’s historic human spaceflight proves what space investors are betting on — commercial companies that can lower the cost to access space.
A partnership between the National Aeronautics and Space Administration and privately held launch company SpaceX was responsible for sending two astronauts to the International Space Station. The news lifted shares of two other companies, Tesla (NASDAQ: TSLA) and Virgin Galactic Holdings (NYSE: SPCE), for related but somewhat different reasons. Tesla shares rose almost 6% Monday morning, reaching their best level since their February all-time highs.
Shares of Amyris (NASDAQ: AMRS) soared as much as 20.9% today after an article on Seeking Alpha suggested the synthetic biology company could be the next Tesla. On the one hand, what investor wouldn't want to own the next Tesla? Shares of the electric vehicle manufacturer and energy pioneer have jumped 3,570% since the initial public offering (IPO).
Nissan (NSANY) incurs fiscal 2019 loss of 671.2 billion yen, which marks the worst in two decades. Meanwhile, AutoZone (AZO) tops fiscal Q3 earnings estimates despite coronavirus woes.
Take a look at the most recent survey we conducted with a bunch of venture capitalists about mobility and what areas interest them most. A photo below, courtesy of Cris Moffitt, shows a sliver of the thousands of bikes at the yard in North Carolina. Keaks (Kirsten Korosec) has been working on a big(ish) story about JUMP for the last week.
Since even before its IPO, top electric-car maker Tesla (NASDAQ: TSLA) has faced tough questions about its future. After that, they were skeptical about the economics of manufacturing a mass-market electric car. Throughout it all, Tesla's reputation, its footprint, and -- for the most part, anyway -- its share price grew and grew and grew (as did its debt load; more on that later).
The Tesla CEO's aggressive criticism of stay-at-home orders could alienate wealthy coastal liberals, who make up the brand's core demographic.
Tesla (TSLA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.