|Bid||257.79 x 1000|
|Ask||257.89 x 900|
|Day's Range||254.62 - 259.96|
|52 Week Range||176.99 - 387.46|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Jul.17 -- Tesla Inc. cut the list price of a fully loaded performance edition of the Model 3 sedan on July 11, angering recent buyers. Bloomberg's Keith Naughton has more on "Bloomberg Technology."
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 email@example.com;Anne Riley Moffat in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Kevin Miller at email@example.com, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Frequent price changes might boost sales in the short run, but they will hurt profitability and could damage Tesla's brand in the long run.
Tesla has withdrawn its request for a court-ordered restraining order againstRandeep Hothi, documents submitted to the court where the complaint was filedrevealed Friday
The new V3 Supercharger, which supports a peak rate of up to 250 kilowatts, isdesigned to dramatically cut charging times for its electric vehicles
Tesla is one of those companies that everyone wants to succeed because it symbolizes not only a cultural shift towards a cleaner world but a drive to reach levels of innovation that humans never thought was possible.
At the same time, I wrote a series of four articles on the latest transport technologies, and the waves they would create with perspectives focused on the impact on retail, commercial real-estate, short-haul travel and hyperloop. Among those predictions was the impact hyperloop and autonomous vehicle technology would have on commuting, short-haul air travel and the retail industry. Since then, these technologies have continued to develop and evolve, and it’s worthwhile to revisit assumptions and assertions.
Tesla stock turned negative after Needham & Company's Rajvindra Gill reiterated his “underperform” rating on concerns about the company's delivery target.
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 functionality 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
Ford Motor Company (F) is in the middle of a very strong year, with its stock price up 35.1% YTD. This year has helped Ford recover from a very disappointing 2018, yet it has only regained about half of its losses so far.
Toyota (TM) announces plan to scrap the production of Corolla compact cars at its new factory under construction in Alabama. Daimler (DDAIF) issues profit warnings on regulatory and recall costs.
Short sellers betting against Netflix Inc. are up US$802 million, according a report by financial analytics firm S3 Partners LLC.
Future Virgin Galactic passenger Namira Salim says new space companies aren't really in a space race — While SpaceX works with NASA and launches satellites, Virgin Galactic's market is space tourism.
Last year Tesla CEO Elon Musk was given a lucrative new compensation plan, with the catch being that he would only get his bonus if he helped the company reach some pretty high financial goals. The thinking was this package was meant to keep our IRL Tony Stark focused on, like, cars and stuff instead of trying to colonize mars. But Elon gonna Elon, and so of course he now wants to help connect your brain directly to the internet. What? Musk has invested $100 million in Neuralink, a neuroscience company that recently unveiled a “sewing machine-like” robot that can implant ultrathin threads deep into the brain. This would, potentially, allow for ultra-swift communication between humans and machines, and would let the brain process vast amounts of information. Though everyone admits that we’re a long way from everyone living in a William Gibson novel, Neuralink, which likens the process to getting Lasik surgery, hopes to begin testing on humans next year. Mechanical Animals As odd as this sounds, Neuralink might be onto something, as they did a demonstration in which a linked up laboratory rat read information from 1,500 electrodes — 15 times greater than current systems embedded in humans. But scientists cautioned that results from laboratory animals might not translate into human success. In Other News There’s never a dull moment at Tesla, apparently. The company finally achieved its longtime goal of lowering the price of its best-selling Model 3, while also quietly phasing out versions. Speaking of Model 3, news broke today that in the effort to ramp up production of the popular model, some employees say they resorted to using electrical tape to quickly repair cracks and worked through extreme heat, cold and wild-fire smoke. A spokesperson for Tesla denied the charges. -Michael Tedder Photo: Mike Blake / REUTERS