882.01 +23.61 (2.75%)
After hours: 7:59PM EST
|Bid||882.01 x 800|
|Ask||882.50 x 1400|
|Day's range||832.36 - 860.00|
|52-week range||176.99 - 968.99|
|Beta (5Y monthly)||0.56|
|PE ratio (TTM)||N/A|
|Earnings date||21 Apr 2020 - 26 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||467.53|
Elon Musk is not one to mince words, but he may have just lost a potential customer because of a cutting tweet. Gates and Brownlee have met before, and the idea was to have Gates discuss some of what the Bill & Melinda Gates Foundation has planned for this year, which marks the 20th anniversary of the organization. Unsurprisingly, the conversation touched on climate change and in pretty short order sustainable transportation, with Brownlee bringing up Tesla and asking if, when "premium" electric cars grow more affordable, they'll also become more ubiquitous.
Apple's coronavirus warning. Tesla's continued climb. Walmart's quarterly earnings results. And why Applied Materials, Inc. (AMAT) is a Zacks Rank 1 (Strong Buy) stock right now...
Virgin Galactic Holdings Inc shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. Shares of the company backed by billionaire Richard Branson have taken off in popularity among individual investors in recent sessions, nearly displacing Tesla Inc , another favorite among non-professional investors. Virgin Galactic was the third most traded stock on Fidelity's online brokerage in recent sessions, with two thirds of clients buying shares, rather than selling.
The wealthy city-state of 5.7 million, which is hiking investment in flood defences, joins Norway, Britain and others in setting a target to cut the use of vehicles with combustion engines. "Our vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040," Finance Minister Heng Swee Keat said in his budget speech. Singapore, which has been criticised by Tesla CEO Elon Musk as not being supportive of electric vehicles, is one of the most expensive places in the world to buy a car and there are few electric vehicles on the roads.
Tesla is in advanced stages of talks to use batteries from CATL that contain no cobalt - one of the most expensive metals in electric vehicle (EV) batteries - in cars made at its China plant, people familiar with the matter said. Adoption would mark the first time for the U.S. automaker to include so-called lithium iron phosphate (LFP) batteries in its lineup, as it seeks to lower production costs amid faltering overall EV sales in China. Tesla has been talking to the Chinese manufacturer for more than a year to supply LFP batteries that will be cheaper than its existing batteries by a "double-digit percent," said a person directly involved in the matter, who was not authorised to speak with media and so declined to be identified.
near Berlin, just days after a German court issued a temporary injunction preventing work at the site. Mr Altmaier said he hoped the Tesla plant would be built quickly, saying it was of “huge importance for more climate protection” and was “one of the most important industrial projects in eastern Germany in a long time”.
Renaissance Technologies, a secretive computer-powered hedge fund founded by billionaire Jim Simons, added nearly 3.3m Tesla shares ahead of the electric car maker’s surge earlier this year. Filings with the Securities and Exchange Commission show Renaissance owned almost 4m Tesla shares at the end of last year, making the Elon Musk company its second-largest holding behind Bristol-Myers Squibb. Renaissance, which uses algorithms to systematically scour markets for profitable patterns, does not take a view on company fundamentals.
A German court has temporarily halted the site preparation for Tesla Inc.'s first electric car factory in Europe. The Higher Administrative Court for Berlin-Brandenburg ordered Tesla to stop clearing trees on the wooded site near Berlin until it considers an environmental group's appeal. In a statement Sunday, the court said it had to issue the injunction because otherwise Tesla might have completed the work over the next three days.
A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local environmental activists. The U.S. electric carmaker announced plans last November to build a Gigafactory in Gruenheide in the eastern state of Brandenburg. The court ruling, by the higher administrative court of the states of Berlin and Brandenburg, comes after the state environmental office gave a green light to clear 92 hectares of forest for the plant.
Billionaire Ray Dalio's Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% rally over the first six weeks of the year. The positions were revealed in 13F filings with the U.S. Securities and Exchange Commission released on Thursday and Friday, which are one of the few public ways of tracking what hedge fund managers are selling and buying. If each hedge fund had held on to its stake, Bridgewater's purchase of nearly 45,000 shares would be worth approximately $36 million (£27 million), while Viking's purchase of nearly 52,000 shares would be would be worth slightly more than $42 million.
China’s electric vehicle manufacturers posted significant losses last month, as steep cuts in government subsidies continued to weigh on the sector. But a top executive at the country’s largest EV maker BYD says, Chinese carmakers need to “build more competitive cars” to reduce their reliance on government policies.
Tesla priced its second offering of stock at $767 apiece Friday. An announcement Thursday that Tesla would put an additional $2 billion worth of stock on the market surprised almost everyone. Just two weeks ago, CEO Elon Musk said the company had enough cash to fund its capital programs and that it didn't need to raise any more money.
Thursday was a busy news day for followers of Tesla, the $145bn electric car company that intends to save the world from itself. First, the 10-K dropped, containing news of a Department of Justice inquiry, and one SEC investigation being replaced with another. Barely an hour later, Tesla announced it was seeking to raise $2bn in equity for general corporate purposes.
Elliott Advisors, OpCapita and Greybull Capital turned the token £2 price they had paid about eight years ago for the UK chain into more than £100m. Behind the scenes Deloitte’s master undertaker Neville Kahn (pictured below), who served as Comet’s administrator, was working with a vehicle set up by Comet’s investors called Hailey Acquisitions, an attempted pun on Halley’s Comet — bankruptcies are nothing if not funny. The vehicle was set up for the purpose of buying Comet from its French owner Kesa Electricals.
Tesla Inc will recall 3,183 Model X vehicles in China, because of a potential issue that could make steering harder and increase the risk of a crash, according to the country's market regulator. Tesla will recall the sport-utility vehicles made in 2016 from June, according to a statement from the State Administration for Market Regulation on Friday.
Two weeks ago, Tesla’s chief executive Elon Musk claimed it made no sense to raise cash. Raising up to $2.3bn is equal to less than 2 per cent of outstanding shares. For all Mr Musk’s protestations that he does not like to raise equity, this is not the first time Tesla has sold common shares.