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Options Traders Target Tesla (TSLA) Stock Amid String of Updates
By: Schaeffer's Investment Research | April 15, 2024
• TSLA has attracted some of the highest options volume over the last 10 days
• The biggest news today is Tesla cutting over 10% of its workforce
Tesla Inc (NASDAQ:TSLA) is in the spotlight today, after news that the electric vehicle (EV) giant is cutting over 10% of its global workforce due to slowing demand. The memo to employees was first leaked by online publication Electrek, with chief executive Elon Musk saying "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle."
Two top executives left amid the layoffs -- Senior V.P. Drew Baglino and V.P. of public policy and business development Rohan Patel. And according to Bloomberg, the job reductions could reach as much as 20% in some divisions.
Tesla stock is sliding after the news, down 4.8% at $162.81 at last glance. Also weighing on the shares is a price-target cut from Evercore ISI to $155 from $175. In other updates, Tesla is cutting its "Full Self Driving" subscription in half to $99 a month and renaming it “Supervised Full Self Driving," while Musk tweeted that they will soon reveal the custom robotaxi vehicle that's been in the works for years.
Though TSLA is dropping to its lowest levels in nearly a year, support at the $160 level is holding strong. Since the start of 2024, the equity is down 34.3%.
Tesla stock is a regular on Rocky White's list of stocks that have attracted the highest options volume during the last 10 days, topping the list this time around. Over the past two weeks, options bears have pulled ahead with 10,807,657 calls and 11,381,376 puts exchanged during this time. The weekly 4/12 170-strike put saw the most activity.
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Bear of the Day: Tesla (TSLA)
By: Zacks Investment Research | April 16, 2024
Adding concern that there may be more downside risk in Tesla’s (TSLA) stock, the innovative automaker announced on Monday that it will be cutting 10% of its workforce as it grapples with a slowdown in EV demand.
More unnerving, is that two key deputies are heading for the door voluntarily and unassociated with the layoffs in Drew Baglino who was the company’s top engineering executive and Senior Vice President along with Rohan Patel who was vice president of pubic policy and buisness development.
Unfortunately, investors who are getting that feeling that TSLA could drop even further this year are not alone as Tesla’s stock lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
Image Source: Zacks Investment Research
Declining Earnings Estimates: While there is much speculation and concern as to what caused Baglino and Patel's exit, most concerning is that earnings estimate revisions have continued to decline in the last week despite Tesla’s total sales being forecasted to rise 8% this year and projected to expand another 16% in fiscal 2025 to $120.31 billion.
Still, Tesla’s top line is expanding at a much slower rate than in the past and FY24 EPS estimates have now dropped -33% over the last quarter from projections of $3.83 per share to $2.54 a share. Plus, FY25 EPS estimates have fallen -35% in the last 90 days from expectations of $5.34 per share to $3.47 a share.
Image Source: Zacks Investment Research
Unfavorable Zacks ESP: More alarming is that the Zacks ESP (Expected Surprise Indication) indicates Tesla could miss its first quarter earnings expectations next Tuesday, April 23. To that point, the Most Accurate Estimate has Tesla’s Q1 EPS slated at $0.44 and -7% below the Zacks Consensus of $0.47 a share.
Image Source: Zacks Investment Research
This comes as Tesla has been short of both top and bottom line expectations in its last two quarterly reports, most recently missing Q4 EPS estimates by -5% in January.
Zacks Investment Research
Image Source: Zacks Investment Research
Valuation Concerns: Lastly, Tesla’s stock will not be immune to valuation concerns which may start to mount as the company’s slower growth is leaving TSLA at stretched premiums in terms of price-to-earnings and price-to-sales; without the very lofty expansion trajectories that have offered support.
Image Source: Zacks Investment Research
Takeaway
At the moment, Tesla’s stock has an overall “F” VGM Zacks Style Scores grade for the combination of Value, Growth, and Momentum. Furthermore, it looks unlikely that the EV pioneer will be able to offer the upbeat guidance that can cause the market to look the other way if the company does indeed fall short of quarterly expectations again.
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TSLA teetering on support level. Bigger drop coming soon
Tesla FSD 12.3.3 Drive Without Intervention … Almost
https://cleantechnica.com/2024/04/15/tesla-fsd-12-3-3-drive-without-intervention-almost/amp/
Good luck and GOD bless,
expecting under $115 per share by december 31,2024
Tesla Undercuts Average US Car by Almost $5,000 in EV Shakeout
https://www.bloomberg.com/news/articles/2023-02-21/tesla-undercuts-average-us-car-by-almost-5-000-in-ev-shakeout?utm_medium=cpc_search&utm_campaign=NB_ENG_DSAXX_DSAXXXXXXXXXX_EVG_XXXX_XXX_COUSA_EN_EN_X_BLOM_GO_SE_XXX_XXXXXXXXXX&gad_source=1&gclid=EAIaIQobChMIu6Gfqu3FhQMVW3FHAR12fgc7EAMYASAAEgJzLvD_BwE&gclsrc=aw.ds
Good luck and GOD bless,
Tesla Giga Texas packed with Model Y Quicksilver and Cybertruck units
"...On Monday, drone operator and Giga Texas observer Joe Tegtmeyer shared a video from the Austin plant, showing multiple lots full of the Cybertruck, and one with several of the the Quicksilver Model Y. The video seems to show around 340 Cybertrucks across multiple exterior parking lots and 87 of the Model Y units, not counting a few that are scattered around other vehicles...."
TESLA share price DOUBLE BOTTOM BREAKDOWN today, on 15-April-2024.
ARE YOU AWARE, George? Reality is what matters. GLTY & GLTA
WARNING: TESLA IS GOING BANKRUPT!!!!!!!!!!!
Here's the article: Tesla (TSLA) is rumored to be preparing a massive round of layoffs
By: Electrek | April 14, 2024
Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.
We received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at the company.
Some of them are talking about layoffs as high as 20% of the workforce, which would mean tens of thousands of employees.
The rumors come after Tesla angered some employees with delayed performance reviews and price bumps earlier this year.
They also come after Tesla had quite a disastrous quarter with a year-over-year reduction in deliveries, which came way below even the most pessimistic analyst estimates.
As we noted, Tesla had some good excuses regarding production going down this quarter, which would also affect deliveries and the logistics of getting cars to customers, but it didn’t have a good explanation for adding 46,000 vehicles to its inventory in a single quarter.
The automaker has been consistently adding cars to its inventory over the last year and CEO Elon Musk has been mostly blaming the situation on pricing and high interest rates.
Tesla has been expected to reduce production to adjust for what appears to be clear lower demand.
Last month, the automaker reduced production at Gigafactory Shanghai, its most productive factory.
Today, it was reported that Tesla shortened its Cybertruck production shifts at Gigafactory Texas.
Tesla wouldn’t be the only big tech company doing layoffs. Several other major companies have recently announced layoffs, including Apple – although to a much lesser degree than what is being rumored now.
Musk has recently expressed concerns about the global economy, and he has slowed things down at Tesla because of it, like the GIgafactory Mexico project, for example.
Tesla has often implemented yearly waves of layoffs, which the automaker has attributed to hiring inefficiencies amid rapid headcount growth and getting rid of underperformers.
However, if the rumors proved to be true, this one feels different. It comes after an obviously very bad quarter and comes with Tesla reducing production capacity.
Also, Tesla hasn’t been growing its headcount as much and as fast as it used to – making it harder to blame it on rapid growth.
Whether the rumors are true or not, they are clearly currently spreading at Tesla, and that’s stressful for employees. Job insecurity is not fun. I wish the people at Tesla the best right now.
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Anaheim Police to deploy Tesla Model Y cruisers this week
https://www.teslarati.com/anaheim-police-tesla-model-y/
Good luck and GOD bless,
Tesla $TSLA Is Rumored To Be Preparing A Massive Round Of Layoffs
By: Evan | April 15, 2024
• Electrek said it received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at the company. Some of them are talking about layoffs as high as 20% of the workforce.
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Bloomberg
@business
·
17h
Sales of electric vehicles have now passed a critical tipping point for mass adoption in 31 different countries, according to a Bloomberg Green analysis
Tesla Model Y & Model 3 Cost $10,000 Less Than Average New Car Price
https://cleantechnica.com/2024/04/12/tesla-model-y-model-3-cost-10000-less-than-average-new-car-price/
Good luck and GOD bless,
Tesla’s Model Y comprised over a third of all Q1 EV sales in the U.S.
https://www.teslarati.com/tesla-model-y-q1-ev-sales-us/
Good luck and GOD bless,
Tesla is Creating Level 4 Self Driving Cars Before Our Eyes
https://www.nextbigfuture.com/2024/04/tesla-is-creating-level-4-self-driving-cars-before-our-eyes.html
Good luck and GOD bless,
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Nikola Tesla was born in 1856 in Smiljan, Croatia, then part of the Austro-Hungarian Empire. His father was a priest in the Serbian Orthodox church
and his mother managed the family’s farm. In 1863 Tesla’s brother Daniel was killed in a riding accident.
The shock of the loss unsettled the 7-year-old Tesla, who reported seeing visions—the first signs of his lifelong mental illnesses.
- Feb. 12th 2016 3:35 pm ET
@FredericLambert
ESLA TESLA MODEL 3 TESLA MODEL S CARS SALES
[/chart]
$TSLA, WOULD TSLA BUY FORD ?????
$TSLA, Exclusive: Bill Ford at Mustang Mach-E unveil admits being on Tesla’s turf
Bradley Berman
- Nov. 17th 2019 10:44 pm ET
Minutes after the official unveiling of the Ford Mustang Mach-E,
we jumped into the press scrum surrounding Bill Ford. Electrek asked Ford’s chairman, and Henry Ford’s great-grandson,
if he knew the introduction was taking place one block from Tesla’s design center.
“That’s a coincidence,” he said. And then he flashed a big smile.
Tesla Motors, Inc. (Tesla), incorporated on July 1, 2003, designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla owns its sales and service centers and Supercharger stations. In addition to the Company’s own vehicles, it designs, develops, manufactures, and sells advanced electric vehicle powertrain components to other automotive manufacturers. The Company has provided development services and powertrain components to Daimler AG (Daimler) for its Smart fortwo and A-Class electric vehicles. The Company developed stationary energy storage products for use in homes, commercial sites, and utilities. The Company offers financial products through various financial institutions in the United States, Europe, and Asia.
Tesla Motors was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars. With instant torque, incredible power, and zero emissions, Tesla’s products would be cars without compromise. Each new generation would be increasingly affordable, helping the company work towards its mission: to accelerate the world’s transition to sustainable transport.
Tesla’s engineers first designed a powertrain for a sports car built around an AC induction motor, patented in 1888 by Nikola Tesla, the inventor who inspired the company’s name. The resulting Tesla Roadster was launched in 2008. Accelerating from 0 to 60 mph in 3.7 seconds and achieving a range of 245 miles per charge of its lithium ion battery, the Roadster set a new standard for electric mobility. Tesla would sell more than 2,400 Roadsters, now on the road in more than 30 countries.
In 2012, Tesla launched Model S, the world’s first premium electric sedan. Built from the ground up to be 100 percent electric, Model S has redefined the very concept of a four-door car. With room for seven passengers and more than 64 cubic feet of storage, Model S provides the comfort and utility of a family sedan while achieving the acceleration of a sports car: 0 to 60 mph in about five seconds. Its flat battery pack is integrated into the chassis and sits below the occupant cabin, lending the car a low center of gravity that enables outstanding road holding and handling while driving 265 miles per charge. Model S was named Motor Trend’s 2013 Car of the Year and achieved a 5-star safety rating from the U.S. National Highway Traffic Safety Administration.
In late 2014, Tesla CEO Elon Musk unveiled two dual motor all-wheel drive configurations of Model S that further improve the vehicle’s handling and performance. The 85D features a high efficiency motor at the front and rear, giving the car unparalleled control of traction in all conditions. The P85D pairs a high efficiency front motor with a performance rear motor for supercar acceleration, achieving a 0 to 60 mph time of 3.2 seconds – the fastest four-door production car ever made.
Now with more than 50,000 vehicles on the road worldwide, Tesla is preparing to launch Model X, a crossover vehicle that enters volume production in 2015. Featuring exhilarating acceleration, falcon wing doors, and room for three rows of seating, Model X defies categorization.
Tesla owners enjoy the benefit of charging at home so they never have to visit a gas station or spend a cent on gasoline. For long distance journeys, Tesla’s Supercharger network provides convenient and free access to high speed charging, replenishing half a charge in as little as 20 minutes. Superchargers now connect popular routes in North America, Europe, and Asia Pacific.
Tesla’s vehicles are produced at its factory in Fremont, California, previously home to New United Motor Manufacturing Inc., a joint venture between Toyota and General Motors. The Tesla Factory has returned thousands of jobs to the area and is capable of producing 1,000 cars a week.
The company is expanding its manufacturing footprint into other areas, including in Tilburg, the Netherlands, where it has an assembly facility, and Lathrop, California, where it has a specialized production plant. To reduce the costs of lithium ion battery packs, Tesla and key strategic partners including Panasonic have begun construction of a gigafactory in Nevada that will facilitate the production of a mass-market affordable vehicle, Model 3. By 2020, the gigafactory will produce more lithium ion cells than all of the world’s combined output in 2013. The gigafactory will also produce battery packs intended for use in stationary storage, helping to improve robustness of the electrical grid, reduce energy costs for businesses and residences, and provide a backup supply of power.
Tesla is not just an automaker, but also a technology and design company with a focus on energy innovation.
The Tesla Roadster is an electric sports car. The Company sells and services its Tesla Roadster though its Company-owned sales and service network in the North America, Europe and Asia. It has delivered approximately 2,500 Tesla Roadsters to customers in over 30 countries. It completed the production of Tesla Roadster gliders at Lotus Cars Limited in January 2012.
Model S is a four door, five-passenger premium sedan. It has designed Model S to include a third row with two rear-facing child seats, subject to applicable safety regulations and requirements, allowing the Company to offer a seven passenger sedan.
The Company revealed an early prototype of the Model X crossover as the first vehicle that it intends to develop by leveraging the Model S platform. This vehicle has been designed to fill the niche between the roominess of a minivan and the style of an SUV, while having high performance features, such as a dual motor all-wheel drive system. Model X will seat seven adults. The Company anticipates that it would make Model X available with 60 kWh and 85 kWh battery pack options, with pricing of each version similar to those of a comparably equipped Model S.
The Company also has announced its intent to develop a third generation electric vehicle, to which it refers as Gen III, to be produced at the Tesla Factory.
In addition to the Company’s own vehicles, it designs, develops, manufactures, and sells advanced electric vehicle powertrain components to other automotive manufacturers. The Company has provided development services and full powertrain systems and components to Daimler AG for its Smart fortwo, A-Class, and B-Class electric vehicles. It has also developed an electric powertrain system for Toyota Motor Corporation for use in its RAV4 EV. As of December 31, 2013 the Company shipped approximately 1,600 units.
In 2013, the Company developed stationary energy storage products for use in homes, commercial sites, and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. The Company intends to ramp sales of these products in 2014. In 2015, Tesla introduced the Powrball: Tesla Home Battery. Powerwall is a home battery that charges using electricity generated from solar panels, or when utility rates are low, and powers your home in the evening. It also fortifies your home against power outages by providing a backup electricity supply. Automated, compact and simple to install, Powerwall offers independence from the utility grid and the security of an emergency backup. Powerball comes in 10kWh weekly cycle and 7kWh daily cycle models. Both are guaranteed for ten years and are sufficient to power most homes during peak evening hours. Multiple batteries may be installed together for homes with greater energy need, up to 90 kWh total for the 10 kWh battery and 63 kWh total for the 7 kWh battery.
The Company offers financial products through various financial institutions in the United States, Europe, and Asia. In the United States and Canada, it offers customer loans through specified commercial banking partners. In connection with certain of these loans, the Company offers a resale value guarantee to all customers who purchased a Model S and financed their vehicle.
ADDITIONAL PRODUCT 02-16-201 MINI CHILD THING.Company website.......http://www.motortrend.com/
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Nikola Tesla 1856 - 1943 and his contribution to science and humanity.
============================================================================================================================================
i think was greater than all inventors.
https://www.youtube.com/watch?v=cU7gSrMwyKg
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