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Stock Market & Financial Investment News

News Breaks
August 11, 2014
11:52 EDTTSLATesla advances following Deutsche Bank upgrade
Shares of electric car maker Tesla (TSLA) are rising after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target on the shares to $310 from $220. WHAT'S NEW: This morning, Deutsche Bank analyst Rod Lache upgraded Tesla, citing guidance issued by the company on its second quarter earnings conference call. On the call, Tesla's management indicated that its growth trajectory will be steeper, its product mix much richer, and its costs significantly lower than previously thought. Lache increased his growth forecasts as a result, taking up his FY15-FY17 volume estimates to 60,000, 100,000, and 129,000 units from previous views of 51,000, 60,000, and 83,000 units, respectively. The analyst added that even these forecasts may prove conservative since Tesla expects to end 2014 and 2015 with 50,000 and 100,000 units of capacity. The firm sees a clear path to 500,000 units of annual production by the end of the decade and expects growth to continue as Tesla continues to seek additional production capacity. In terms of product mix, Deutsche expects Tesla sales to gravitate more towards the Model S and X versus the Model 3, thus increasing their profitability. In addition, Tesla is targeting battery pack costs of $150/kWh by late 2017 versus about $250/kWh today, and they see costs falling below $100/kWh within ten years. If achieved, these levels could provide an outright cost advantage for Tesla's electric vehicles compared to their gas operated competitors. WHAT'S NOTABLE: Based on the improved outlook, the analyst now expects EPS in the $27 range by 2020, up from his prior view of $20. Lache raised his 12-month price target on the shares to $310 from $220. PRICE ACTION: In late morning trading, Tesla rose $12.54, or 5%, to $260.67. Including today's advance, the stock is up approximately 70% over the past 12 months.
News For TSLA From The Last 14 Days
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October 20, 2014
16:00 EDTTSLAOptions Update; October 20, 2014
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11:28 EDTTSLATesla taking online orders for Model S on Alibaba's Tmall.com, Bloomberg says
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October 17, 2014
16:01 EDTTSLAOptions Update; October 17, 2014
iPath S&P 500 VIX Short-Term Futures down 1.75 to 38.58 Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX GILD CLF PBR according to Track Data.
11:31 EDTTSLAStocks with call strike movement; AAL TSLA
American Airlines (AAL) January 38 call option implied volatility decreased 5% to 52, Tesla (TSLA) January 60 call option implied volatility decreased 3% to 50 according to IVolatility.
10:00 EDTTSLAOn The Fly: Analyst Initiation Summary
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09:38 EDTTSLAActive equity options trading on
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06:10 EDTTSLATesla initiated with a Buy at MLV & Co.
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06:08 EDTTSLATesla urges veto of Michigan legislation
Tesla said in a blog post regarding the bill passed in Michigan, "We are calling on concerned consumers to contact the Governor and urge him to veto this legislation and return the issue to the legislature for a full and open debate in 2015." It explained, "On October 1, the Michigan Automobile Dealers Association succeeded in passing a bill that is harmful to consumers. The bill, HB5606, was originally a single amendment to existing law designed to ensure that the car dealers can tack additional fees on to the purchase price for all vehicles (from any manufacturer) sold in Michigan. Such fees have a controversial history, are generally regarded with skepticism and have been the subject of consumer concern in other states." Reference Link
October 16, 2014
16:01 EDTTSLAOptions Update; October 16, 2014
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09:39 EDTTSLAActive equity options trading on open
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October 15, 2014
18:26 EDTTSLAOn The Fly: After Hours Movers
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16:00 EDTTSLAOptions Update; October 15, 2014
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14:37 EDTTSLAMichigan bill blocks Tesla from selling directly to consumers
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09:38 EDTTSLAActive equity options trading on open
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06:39 EDTTSLATesla signs deal to build 200 more China charging stations, WantChinaTimes says
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October 14, 2014
16:00 EDTTSLAOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
09:37 EDTTSLAActive equity options trading on open
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October 13, 2014
16:02 EDTTSLAOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
09:39 EDTTSLAActive equity options trading on open
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October 12, 2014
17:21 EDTTSLATesla ahead of other car makers on semiautonomous driving system, WSJ says
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