Should You Invest In Tesla Right Now
Many investors may feel they have missed the boat with Tesla . Tesla, and the EV sector in general, is entering a new phase, and the company is positioning itself to continue to lead the way forward. While returns over the coming years may not match prior results, Tesla has a lot of irons in the fire.
Want to be in on the steady expansion of electrified cars? These three companies look like fantastic bets right now.
A Peek Into Global Markets
European markets were lower today. The STOXX Europe 600 Index fell 0.5%, Londons FTSE 100 fell 0.2% while Spains IBEX 35 Index fell 0.1%. The French CAC 40 Index fell 0.1%, while German DAX fell 0.7%.
The Eurozone recorded a current account deficit of EUR 20.21 billion in August versus a year-ago surplus of EUR 21.05 billion. Producer prices in Germany rose by 2.3% from a month ago in September, versus a 7.9% increase in the prior month, while annual producer inflation in the country stood at 45.8% in September.
The manufacturing climate indicator in France climbed to 103 in October from a 1-1/2-year low level of 102 in the previous month. Construction output in Italy surged 9.7% year-over-year in August versus a revised 7% increase in the prior month.
Asian markets traded lower today. Japans Nikkei 225 fell 0.92%, Chinas Composite Index fell 0.31%, while Hong Kongs Hang Seng Index fell 1.4%. Australias S& P/ASX 200 fell 1%, while Indias BSE Sensex fell 0.3%.
The People’s Bank of China held its key lending rates for a second consecutive month. Australian unemployment rate remained unchanged from the prior month at 3.5% in September. Exports from Japan surged by 28.9% year-over-year to JPY 8,818.7 billion in September, while imports increased 45.9% to a new high of JPY 10,912.6 billion.
Why Is Tesla Stock Falling If Its Business Is Stronger Than Ever
All good things must come to an end, and the winning streak that the Dow Jones Industrial Average , Nasdaq Composite , and S& P 500 managed to put together on Monday and Tuesday wasn’t able to last for a third straight day. Rising bond yields raised new concerns about macroeconomic impacts, sending major market benchmarks downward to give back a portion of their gains from earlier in the week. Late Wednesday afternoon, all eyes were on Tesla and whether the electric vehicle pioneer would be able to live up to high expectations.
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Snap Investors Brace For Another Stock Shock In Tough Year
— Snap Inc. may have at least one more shock in store for investors before the social-media company closes out its year to forget. Most Read from BloombergWeed Is Coming to Circle K Gas Stations in US Next YearTrump Prosecutors See Evidence for Obstruction ChargesChina Is Debating a Reduction to Covid Quarantine for Inbound TravelersTrusss Government on Brink as Tories Agitate for Her to GoChina Summons Chip Firms for Emergency Talks After US CurbsThe Snapchat owner reports third-q
The History Of Teslas Stock Price By Markets Insider
Tesla launched its IPO on June 29, 2010. Trading on the NASDAQ, Tesla offered 13.3 million shares at a price of $17 per share. It raised a total of just over $226 million.
Teslas stock price was essentially flat for several years after the 2010 IPO. There wasnt a lot going on. In 2008, the carmaker had endured a near-death experience, and in the lead-up to the IPO and afterwards, it was selling only one car, the original Roadster. The business plan at this point was for CEO Elon Musk and his team to keep the lights on long enough in order to roll out Tesla’s first built-from-scratch car, the Model S sedan. Which eventually happened in 2012.
In 2013 Motor Trend named the Model S its Car of the Year. It was at this point, Teslas stock price took off. If you bought Tesla stock right after the IPO and held on, you’d be looking at an 1,000%-plus return today.
Since the sudden growth in 2013 Tesla’s stock price history has been one of extreme volatility. Although a stable stock price wasn’t expected or widely predicted. Investor confidence would soar, then collapse, with sentiment turning on every news event, product announcement or delay, quarterly earnings report, and market-moving tweet by Elon Musk
Tesla has had a highly volatile stock price that has at times baffled investors. There was only one period of smooth price growth, and it gave way to a reliable pattern of volatility that preceded a massive drop.
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Tesla Demand Will Be ‘mathematically Tough’ To Fulfill Analyst Says
Wells Fargo Equity Analyst Colin Langan and New Street Research Managing Partner Pierre Ferragu join Yahoo Finance Live to discuss Tesla earnings, whats driving market share for electric vehicle makers, long-term growth, overall demand, and the outlook for a recession.
Investors in early stage EV companies keyed on one important factor from Tesla’s earnings report.
Tesla slid in early morning trading as the company reported missed revenue estimates, though CEO Elon Musk remains optimistic
Tesla Confirms Plans To Build Lithium Refinery In Texas
— Tesla Inc. is moving forward with plans to build a lithium refinery on the Texas Gulf Coast in a bid to gain more control over the supply chain for electric vehicle batteries.Most Read from BloombergTrump Prosecutors See Evidence for Obstruction ChargesWeed Is Coming to Circle K Gas Stations in US Next YearChina Is Debating a Reduction to Covid Quarantine for Inbound TravelersA Tense Pay Dispute Overshadows Nintendos Upcoming Bayonetta 3Trusss Government on Brink as Tories Agita
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Tesla Slips After Musk’s Mixed Signals On Demand
Tesla is recession-resilient but not recession-proof, the world’s richest man said on a post-earnings call, pointing to the slowdown in China, Europe and the United States. Musk added that he was confident of a record fourth quarter, but the company said full-year deliveries would miss its 50% growth target. At least six brokerages lowered their price targets on the stock, citing softer delivery in 2022, with Wedbush Securities making the biggest cut of $60 to bring its target to $300.
Tesla Drops As Musk Says Demand A Little Harder To Come By
— Tesla Inc. shares declined in early trading after the electric-car maker reported lower-than-expected revenue and acknowledged it isnt immune from economic headwinds.Most Read from BloombergWeed Is Coming to Circle K Gas Stations in US Next YearTrump Prosecutors See Evidence for Obstruction ChargesChina Is Debating a Reduction to Covid Quarantine for Inbound TravelersTrusss Government on Brink as Tories Agitate for Her to GoChina Summons Chip Firms for Emergency Talks After US C
Would selling the shares on this news really be recommended, or not?
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Tesla Shares Up In Premarket As New Model 3 Production Goals Get Leaked
Tesla shares are up in pre-market trading Wednesday, with the companys stock up +2.83% at $295.84 per share as of writing, amid reports of a leaked email from CEO Elon Musk outlining new Model 3 production goals.
Tesla ended in the negative on Tuesday, with the companys stocks trading -1.21% at $287.69 per share amid the companys feud with Reveal magazine about the publications allegations of workplace safety shortcomings and reports of China loosening its ownership restrictions on facilities owned by foreign companies.
Sent around 12:30 p.m. PST on Tuesday, Musks lengthy message to his employees included a discussion on the Model 3s manufacturing ramp, Teslas expenses, and its goal of being profitable by the third and fourth quarter of 2018.
Musks email, a copy of which was obtained by auto news website Jalopnik, also confirmed recent reports stating that the Model 3 production line will be temporarily suspended for a few days for a comprehensive set of upgrades that would allow Tesla to produce 3,000-4,000 of the electric cars every week. Musk also noted in his email that another planned downtime in May is expected, which would allow the company to produce 5,000-6,000 Model 3 weekly.
Considering its new Model 3 production goals, Musk further noted that it would be hiring an additional 400 employees per week for the next several weeks between the Fremont factory and the Nevada Gigafactory.
Progress, Precision and Profit
Tesla To $325 Here Are 5 Other Price Target Changes For Thursday
- RBC Capital cut Tesla, Inc. price target from $340 to $325. RBC Capital analyst Joseph Spak maintained the stock with an Outperform rating. Tesla shares fell 5% to $210.96 in pre-market trading.
- Keybanc cut the price target on NextEra Energy, Inc. from $93 to $89. Keybanc analyst Sophie Karp maintained an Overweight rating on the stock. NextEra Energy shares fell 0.2% to $73.53 in pre-market trading.
- Raymond James lowered ONEOK, Inc. price target from $70 to $65. Raymond James analyst Justin Jenkins maintained an Outperform rating on the stock. ONEOK shares fell 1% to close at $55.14 on Wednesday.
- Piper Sandler cut Coupa Software Incorporated price target from $67 to $55. Piper Sandler analyst Brent Bracelin downgraded the stock from Neutral to Underweight. Coupa Software fell 3.2% to $50.69 in pre-market trading.
- DA Davidson raised WD-40 Company price target from $205 to $207. DA Davidson analyst Linda Bolton Weiser maintained a Buy rating on the stock. WD-40 shares fell 2.3% to close at $171.61 on Wednesday.
- Truist Securities cut Wingstop Inc. price target from $145 to $125. Truist Securities analyst Jake Bartlett downgraded the stock from Buy to Hold. Wingstop shares fell 1.3% to close at $123.07 on Wednesday.
Check out this: US Stock Futures Mostly Lower Ahead Of Economic Reports, Fed Speakers Tesla Shares Drop Following Q3 Results
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Musk Says Excited By Twitter Deal Despite Overpaying
Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc, although he and other investors were overpaying for the social media company. Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker’s quarterly report. The world’s richest person is pursuing the Twitter purchase after earlier trying to back out of the $44 billion deal.
Tesla’s Growth Is Back On Track Is It Time To Buy
One of the most closely followed stocks is Tesla , and its third-quarter earnings report comes at a transitional time for the company and the entire electric vehicle sector. Amidst competition that is ramping up and several other headwinds in the industry, Tesla just gave investors another good reason to think about buying its stock. One of the highlights for shareholders in Tesla’s third quarter was the 3-for-1 stock split it completed in August.
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Flying Car By California Startup Alef Attracts Early Tesla Investor
The concept of a flying car is not new – inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success. Jim Dukhovny, founder of Alef Aeronautics, hopes to change that equation. Alefs Model A, which is just emerging from a seven-year gestation period, looks less like the flying cars in old movies and more like Bruce Willis’ flying taxi in the 1997 film “The Fifth Element.”
What Is Share Of Search
What is Share of Search?
Share of search represents the amount of searches for Tesla on the internet. Expressed in percentage terms, the metric compares search volumes of Tesla and its competitors in the same industry collected on a monthly basis. When cumulated, the future market share of Tesla can be easily yet precisely predicted. This information may significantly improve your short-term investment strategy.
How is Share of Search calculated?
We count the number of Google searches for the brand and divide it by the sum of searches for all brands in the same industry.
Best selling EV of 2021
Mobile Apps Rank
Numbers represent the rank held by a company’s particular app, either globally or within its category. The lower the rank, the more downloads the app has.
We count the number of tweets that contain keyword $TSLA in the selected timeframe.
|9 May – 15 May|
|29 May 2022|
|1 May 2022|
Numbers represent search interest relative to the highest point on the chart for the given region and time.
A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. A score of 0 means there was not enough data for this term.
Job openings count
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Better Ev Stock: Lucid Group Vs Nikola Corporation
Lucid and Nikola are both electric vehicle makers that went public by merging with SPACs . Lucid’s debut luxury sedan, the Lucid Air, can travel up to 520 mileson a single charge, which beats Tesla’s Model S Long Range by more than 100 miles. Lucid notably targets more affluent customers than Tesla: The Lucid Air starts at $87,400, while the top-tier Grand Touring model starts at $154,000.
Tesla stock flashed a buy signal. BYD set a huge 2023 delivery goal as it plans its first auto plant outside China.
This year likely will be the first that electric-vehicle battery costs will go up, rather than continuing the steady downward trend they’ve been on for more than a decade.
Tesla Chinese Rival Launches New Suv
Tesla , the industry leader in electric vehicle production and deliveries, is busy producing and selling its Model S and Model 3 sedans, as well as its Model Y and Model X SUVs. Other Chinese rivals of Tesla are not producing or delivering anything close to the industry leader’s numbers. Shanghai-based Nio delivered 227,949 EVs in the first seven months of 2022, while Guangzhou, China, EV maker XPeng delivered 90,085 in the first eight months of the year, which was a 96% increase year-over-year.
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Tesla Flags Its Cars Not Ready To Be Approved As Fully Self
Tesla Inc’s advanced driver assistant software won’t gain regulatory approval in 2022, CEO Elon Musk said in remarks which indicate the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel. A completely autonomous vehicle would require regulatory approval. Musk told a post-earnings call on Wednesday that all FSD users in North America will get an upgraded version at the end of the year, adding that while its cars are not ready to have no one behind the wheel, drivers would rarely have to touch the controls.
Image source: The Motley Fool. Tesla Q3 2022 Earnings CallOct 19, 2022, 5:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Martin Viecha Good afternoon, everyone, and welcome to Tesla’s third quarter 2022 Q& A webcast.
Elon Musk said he and other investors are “obviously overpaying” for Twitter Inc. Tesla Inc’s chief executive officer said he is excited about the Twitter situation. Su Keenan reports on Bloomberg Television.
Tesla Stock Falls As Wells Fargo Cites Demand Concerns
Wells Fargo analysts cut their price target on the stock to $230 from $280 and reiterated their equal-weight rating on the stock.
Tesla shares were down to $208.11 in afternoon trading, while the S& P 500 slipped about 2%. The stock is down about 41% this year. The index has fallen about 25% over the same period.
The analysts said they expect a slight beat on earnings when Tesla reports third-quarter results next week but said they expect headwinds from the strong U.S. dollar to offset benefits from price increases. They also said higher interest rates may weigh on Tesla’s long-term growth.
There is rising concern about underlying demand for Tesla’s vehicles, particularly in China, the Wells Fargo analysts said.
“If consumers are watching costs, a $60K vehicle purchase could get deferred,” the analysts said.
Write to Will Feuer at Will.Feuer@wsj.com
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