260.17 0.00 (0.00%)
After hours: 4:13PM EDT
|Bid||259.94 x 800|
|Ask||259.98 x 800|
|Day's Range||254.51 - 260.48|
|52 Week Range||176.99 - 387.46|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||263.55|
Ford is on the cusp of unveiling a series of electrified pickup trucks. Tesla may have some trouble making a dent in the industry.
Ford's second-quarter earnings results are scheduled for release on July 24. So far, Ford stock has outperformed its legacy peers.
Sound the alarms—and the Cisco hold music— it’s earnings call season! Earnings calls are when a company’s management gets on a public conference call with analysts to answer questions about what’s in its quarterly earnings report and what’s going on with the profits, losses, and anything else that might move the stock. Sometimes the calls are business as usual. And sometimes, well, they are not. And while analysts are the ones who do most of the question asking on earnings calls, we here at Say think a company's everyday shareholders, who are just as vested in its outlook, should also be able to have their questions answered. Since early 2019, we’ve been testing our Earnings Call question-and-answer platform with Tesla, which used Say to field questions from shareholders during its Q4 2018 and Q1 2019 calls, as well as during its annual shareholder meeting. Now we’re opening up the platform to investors in more companies, including Tesla, Apple, Lyft, Spotify, Knoll, Activision Blizzard and Aurora Cannabis. Call Dates: Tesla 7/24 at 2:30 PM PST/5:30 EST Knoll 7/25 at 10 AM EST Apple 7/30 at 2 PM PST/5 PM EST Spotify 7/31 at 8 AM EST Lyft 8/7 at 2 PM PST/5 PM EST Activision Blizzard 8/8 4:30 PM EST Aurora Cannabis 9/24 Time TBD Learn more: Who can participate: Any shareholder. Shares you've purchased through ETrade, Robinhood, or any other brokerage give you access. Even better, owning company shares indirectly through a mutual fund (like a retirement 401k) or ETF, also gives you access. Huh? People often aren't aware which companies are inside their mutual funds or ETFs, or that owning these funds even makes them an "investor" or a "shareholder." These titles are not just for wealthy or super-serious people who don't break into a cold sweat when they think about retiring. For example, funds from Vanguard and Fidelity can have shares hundreds of companies within them. Once you sign up with Say, we'll let you know exactly what you own inside your fund, whether it's Apple, Tesla, or another company. Basically, this means you may be able to participate in an Earnings Call and not even know it. How it works: Shareholders confirm their shares and can submit questions as well as vote for the ones they most want answered ahead of the call. The company might then answer a selection during the call. Will the company answer my question if it gets the most votes? Nope, not necessarily. It’s up to companies to decide which questions they’ll answer, if any. What happens to the Q&A; forum or my questions after a call’s over? They’ll stay archived on Say’s site and remain viewable and shareable. Questions that are answered will be flagged with the company's responses. Watch the video up-top to take a spin through the platform and ask away. --Elizabeth Thompson and Chloe Imus
Tesla's Q2 earnings are expected after the markets closes on Wednesday. Find out what investors can expect from earnings call and the company's outlook.
It's easier said than done to pick the next big stock, but here are three companies that have a chance for huge growth in the 2020s.
(Bloomberg) -- Tesla Inc. is delivering more cars than ever because of the emergence of Model 3 customers like Mike Land. His view of the relative weakness of Elon Musk’s more expensive electric cars also helps explain why the company is still struggling to make money.The price tags on Tesla’s first two vehicles, the Model S and X, were too much for Land’s budget to bear. But the retired police officer probably wouldn’t want one of those cars anyway over his Model 3, since the older models no longer feature what he considers to be cutting-edge tech.“Even if I could afford it -- let’s say I won the lottery tomorrow, and I could afford a Model S or a Model X -- the battery technology is still older,” the 55-year-old said from his home in a suburb of Tucson, Arizona.The Model 3 brought new buyers into the fold and countered the narrative that Tesla is demand challenged, sparking a stock rally since the beginning of June. But the electric-car maker’s shares are still down 23% for the year in part because the Model S and X are beginning to show their age. Slower-charging and less efficient batteries are taking some of the wind out of their sails and pressuring Tesla’s profit margins, since they often sell for more than double the cost of an entry level Model 3.Combined deliveries of the Model S and X dropped more than 20% from a year ago to 17,650 in the second quarter. The Model 3, meanwhile, saw deliveries jump to 77,550.Deliveries of the Model S and X were “anemic” and “a bit of a concern given higher margins for these cars,” Craig Irwin, an analyst at Roth Capital Partners, wrote in a report Monday. He downgraded the stock to neutral after recommending it as a buy for just 42 days.Long In the ToothA further compression of margins could spell trouble for Tesla, which reported a larger-than-expected loss in the first quarter after repeatedly assurances the company would stay in the black. Last month, Musk said rapid growth in sales may actually make it harder for Tesla to be sustainably profitable.In the first quarter, Tesla’s automotive gross margins excluding certain items compressed to 20.3% from 24.7% in the last three months of 2018. The company has said it’s targeting 25% margins for the Model S, X and 3.The sticker-price gap between the Model 3 and Tesla’s other models grew wider on July 16 when Tesla dropped the starting price of the Model 3 in the U.S. and simultaneously eliminated a less expensive standard-range version of the Model S sedan from the lineup. The Model 3 now starts at $38,990, and the cheapest version of the Model S is $79,990.Despite the higher prices, the Model S and X are very long-in-the-tooth by auto industry standards. Vehicles are typically completely overhauled every four or five years to remain competitive, but the Model S debuted in June 2012 and the Model X hit the market in 2015. Since then, neither has undergone a major revamp in battery technology, interior upgrades or sheet-metal styling.“They seem to be holding up OK without a redesign, but it’s unusual for a car company, especially a luxury maker, not to do a redesign,” said Michelle Krebs, senior analyst at AutoTrader. “Usually, they’re about every four years and maybe a re-freshening in between.”No RefreshTesla has provided over-the-air software upgrades to boost performance and add features for existing Model S and Model X owners, but Musk dashed hopes for more significant changes to the vehicles on July 9, when he tweeted that there is “no ‘refreshed’ Model X or Model S coming.”A lack of any major redesigns is one reason for the diminishing sales of the S and X, said Jeremy Acevedo, an analyst at Edmunds. “You’re not going to bring existing shoppers out of the woodwork,” he said. “That’s a problem that most automakers face once these vehicles hit the end of their life cycle. It’s just harder to sell” them.If Tesla sells enough of its Model 3, then sheer volume may make up for lower profit margin per vehicle. And as word of mouth spreads about Tesla’s latest car, the company could win over buyers who might otherwise never have considered the brand.Brad Silverberg, a retired software company and venture capital executive, said a friend recommended he take a Model 3 for a test drive near his home on the outskirts of Seattle. “He raved about how much he loved driving the car,” Silverberg said of his friend. “I decided not to over-think it, got a test drive, and bought one.”“I wouldn’t have done this with a Model S or X,” he said.While Tesla’s older models may no longer be reliable cash cows, Edmunds analyst Acevedo expects Model S and X sales to stabilize at some point. “I don’t think they’ll fall off a cliff,” he said. “They did have some price cuts, so Tesla is aware of their diminishing sales and will probably see this as another method to stimulate” demand.To contact the reporter on this story: Kyle Lahucik in Southfield at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
PayPal (PYPL) is up an impressive 42.5% YTD, continuing a very strong growth trend since the company's spin-off from eBay (EBAY). Here's what investors should expect from PYPL's Q2 earnings report.
(Bloomberg) -- Apple Inc. has hired Steve MacManus, at least the third Tesla Inc. engineering executive to join the Cupertino, California-based technology giant in the last year.MacManus, a Tesla vice president in charge of engineering for car interiors and exteriors, left the carmaker recently and has since joined Apple as a senior director, according to his LinkedIn profile. He worked at Tesla from 2015, after stints at Jaguar Land Rover, Bentley Motors and Aston Martin. His interior-design skills may be applicable at Apple beyond the development of a car. Apple didn’t respond to a request for comment on Monday.Apple also brought in former Tesla drive systems vice president Michael Schwekutsch in March and former chief vehicle engineer Doug Field last August.Apple and Tesla have been hiring each others’ engineers for years, sometimes creating tension. Tesla Chief Executive Officer Elon Musk called Apple a “Tesla graveyard” in a 2015 interview with German newspaper Handelsblatt. Some industry analysts and investors have speculated about the companies entering a partnership or even Apple acquiring the carmaker.To contact the reporters on this story: Mark Gurman in Los Angeles at email@example.com;Dana Hull in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Giant market players like Facebook (FB), Alphabet (GOOGL), Boeing (BA), Amazon (AMZN) and Tesla (TSLA) will be among those reporting this week.
Economic data and earnings will keep investors busy this week. More than a quarter of the S&P; 500 companies are scheduled to release their earnings.
Investing.com - Tesla (NASDAQ:TSLA) inched down in midday trade Monday after a downgrade ahead of its earnings report this week.
Turo CEO Andre Haddad discusses IAC's $250 million investment, and why car-sharing is the next big thing.
(Bloomberg) -- The upbeat picture painted by this past week’s blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo.In the same week the five biggest U.S. lenders raked in over $30 billion in earnings for the first time, others around the globe left investors wondering how the bottom fell out so fast. Netflix Inc. sunk the most in three years amid a surprise drop in U.S. customers, while online retailer Asos Plc plunged after issuing another profit warning. Meanwhile, one-time earnings bellwether Alcoa Corp. beat on profit -- but also cut its forecast for global aluminum demand, adding to concerns that trade frictions are eroding the outlook for the industrial metal.This week, a range of high-profile companies report results, from tech titan Amazon.com Inc. and embattled aircraft maker Boeing Co. to burger behemoth McDonald’s Corp. and electric-car maker Tesla Inc. The earnings will offer a glimpse into every major sector of the economy, and Wall Street will be watching for signals like reduced hiring expectations, stalled capital expenses or consumers’ waning willingness to accept price hikes.With stock markets trending near record highs but recession risks on the rise, the second quarter could be yet another notch in the longest bull market in history -- or the beginning of its end.Here’s a look at what we’re watching:CarsAutomaker earnings may show how much the one-two punch of slowing sales and massive technological disruptions are impacting the industry’s bottom line.Those challenges have forced Ford Motor Co. and Volkswagen AG further into one another’s arms. After extending an alliance to include joint work on electric and autonomous vehicles, they’re expected to report stagnant or shrinking revenue. Daimler AG will put out finalized results weeks after the Mercedes-Benz maker posted a preliminary loss along with its fourth profit warning in just over a year. And analysts are projecting another unprofitable quarter for Tesla, which is blowing its battery-powered rivals out of the water but is still struggling to make money.The challenges extend to Asia, too. Nissan Motor Co. is set to give more details about restructuring efforts including potential job cuts as it tries to revive profitability that’s at a decade low. Jaguar Land Rover’s Indian owner Tata Motors Ltd. is also under pressure to show its cost-cut efforts are bearing fruit as it’s hit with hurdles from Brexit, a slowdown in China and flagging demand for diesel vehicles.ConsumerIf sales slow at McDonald’s, Starbucks Corp. or Chipotle Mexican Grill Inc., it will be a sign that consumers are cutting back on spending and eating out less. Higher labor and commodity costs have also forced restaurants to raise prices to maintain margins, and diners might balk at the idea of paying more for coffee and guacamole-stuffed burritos.Higher prices in recent quarters have benefited Starbucks as well as beverage makers Coca-Cola Co. and PepsiCo Inc. At Anheuser-Busch InBev, which just sold its Australian beer assets, investors will listen for any signs an IPO for the rest of its Asian business could be back on the table.China, meanwhile, will be the focus when European luxury conglomerates LVMH and Kering SA report results. The health of sales in that region will be scrutinized after showing surprising resilience in recent quarters, despite an ongoing trade war with the U.S. and the nation’s economic slowdown. Hong Kong protests, meanwhile, are hurting luxury spending at companies such as Richemont and Swatch Group AG.EntertainmentAT&T Inc. and Comcast Corp. can’t wait to enter the battle against Netflix and Walt Disney Co.’s Hulu for streaming-video viewers, but they have to contend with the continued decline of their legacy businesses first. As consumers flee traditional cable packages in favor of services like Netflix, AT&T and Comcast are expected to lose television customers, so investors will watch for signs that broadband subscriber growth can offset those declines.With casino companies including Las Vegas Sands Corp. and MGM Resorts International and their Asia subsidiaries reporting, investors will be on the lookout for any impact from China’s economic weakness.IndustrialsThe future of the 737 Max will be in focus when we hear from Boeing, which plans to report a $4.9 billion accounting charge related to its beleaguered jetliner. Southwest Airlines Co. and American Airlines Group Inc. have already removed the Max from their flight schedules through early November. Southwest is the model’s biggest operator while American is the world’s largest airline, and both carriers are sure to field questions about the Boeing crisis on their conference calls with analysts this week.Another company on the hot seat is aerospace-parts giant United Technologies Corp., whose merger agreement with Raytheon Co. has drawn fire from activist investors Dan Loeb and Bill Ackman. Investors in Caterpillar Inc., meanwhile, will look for more clarity on global demand for the company’s iconic machines in the second half of the year.TechnologyTech investors have a lot of information heading their way, with Facebook Inc., Alphabet Inc., Intel Corp. and Twitter Inc. all reporting. Their main question is whether those firms can keep revenue climbing amid the U.S.-China trade war and signs of slowing economic growth. There’s also mounting regulatory pressure on the sector around antitrust and privacy concerns. One player that’s avoided the recent scrutiny is Microsoft Corp., whose quarterly profit just topped estimates on the strength of its cloud-computing business.For hardware companies like Texas Instruments Inc. and Intel, the focus will be on the loss of market share in China as the companies grapple with a ban on exports to Huawei Technologies Co., a key customer.Amazon’s Prime Day got scads of attention last week, but it won’t be reflected in the company’s upcoming results. Investors in the e-commerce giant will be paying close attention to the fast-growing advertising and cloud business units.BankingEurope’s banks are expected to trail their U.S. peers for yet another quarter as global trade tensions continue to weigh on client activity. And unlike American banks, the Europeans don’t have a healthy stream of income from lending to fall back on due to negative interest rates.Deutsche Bank AG has already announced a loss for the quarter as it embarks on massive cutbacks, and investors will press for more details. France’s BNP Paribas SA has agreed to take on Deutsche’s hedge-fund and electronic-trading clients, but the integration is proving difficult and BNP will have to show progress in turning its own stocks trading unit around following embarrassing losses last year.Finally, Credit Suisse Group AG will have to answer questions about the surprise exit of a key wealth management executive who was seen as a potential successor to CEO Tidjane Thiam.\--With assistance from Brendan Case, Craig Giammona, Joe Deaux, Molly Schuetz, Craig Trudell, John J. Edwards III, Christian Baumgaertel, Eric Pfanner, Ville Heiskanen, Reed Stevenson and Christopher Palmeri.To contact the reporters on this story: Matthew Boyle in New York at firstname.lastname@example.org;Anne Riley Moffat in New York at email@example.comTo contact the editors responsible for this story: Kevin Miller at firstname.lastname@example.org, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.