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Revenue and profit from their proprietary products needed, that's zero so far. Expenses are crazy, sublease the $30M+ Miami office space as it's not needed
There's over 4M marketers on the road, no other car manufacturer has that many believers in their brand
Tesla Is Maintained at Overweight by Piper Sandler
Tesla May Be a Better Haven Than Treasuries. Here's Why. -- Barrons.com
Mentioned: F GM NFLX STLA TSLA
Global risks are mounting and investors are looking for havens.
But the flight to safety is excluding one major traditional haven asset -- U.S. Treasuries.
The growing uncertainty caused by the Israel-Hamas war, and the risk of a wider conflict, would typically see U.S. government bonds come into their own as a haven asset -- as gold did last week. They sort of did, before Thursday's 30-year Treasury debt auction pointed to weak demand and consumer price inflation came in hotter than expected.
There's too much going on in the bond market for it to perform as a haven right now.
With another key Treasury auction Wednesday, bonds may once again dictate the markets' direction, despite earnings from Tesla, Netflix, and Goldman Sachs also being on tap.
Aside from the auction, Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York could be pivotal, as investors look for further direction on how high interest rates will stay and for how long.
If Powell echoes Vice Chair Philip Jefferson's view that surging bond yields have done some of the Fed's work for it, leading it away from further rate increases, that could help lower yields and boost stocks.
But for now the bond market remains something of an unknown quantity, and anything but a haven. In fact, despite being a high-growth stock and facing several questions heading into earnings, Tesla could be a safer bet.
-- Callum Keown
Standard committee meets in January
Sure, they'll rather pay a union and give up on stock options. Smart
Could easily go to $5 with current CEO
Management have only been selling
Cowen's Matthew Ramsay bullish outlook for Nvidia
CNBC
Results works so good luck
NVIDIA $NVDA price-target raised to $700 (from $600) at TD Cowen, named 'Top Pick' -- "We hosted NVIDIA CEO & CFO for a full week of investor meetings, and we believe the industry is only in the 'early innings' of a paradigm shift toward accelerated computing & generative AI."
Cost needs to come down
Check financials
$0.80
This pump and dump still around, hmmm
9:28a ET 10/9/2023 - Dow Jones
Nvidia Will Stay Dominant, Citi Says After Report OpenAI May Change Chip Suppliers -- Barrons.com
Mentioned: NDAQ NVDA
By Jack Denton
Nvidia stock has come in focus after a recent report that OpenAI is exploring plans that could cut out the chip maker as a supplier. But there remain good reasons to stay bullish on Nvidia.
OpenAI, a leader in artificial intelligence whose launch of the ChatGPT chatbot kicked off an AI investing frenzy, is exploring making its own AI chips, Reuters reported late last Thursday, citing anonymous sources. Amid a shortage of chips to fuel AI growth, OpenAI is also considering options including working more closely with chip makers like Nvidia (ticker: NVDA) or diversifying its suppliers beyond the company, the report said.
OpenAI did not immediately respond to a request for comment from Barron's.
Nvidia is a key supplier of graphic processing units (GPUs) and application-specific integrated circuit (ASICs) -- chips that are critical in powering the advanced computing behind artificial intelligence. The chipmaker's exposure to AI has been a major force behind its financial success this year, which had sent Nvidia stock more than 210% higher since the start of January.
"We continue to expect Nvidia to maintain 90% share in the AI GPU market for the next 2-3 years," analysts at Citi wrote in a note Friday. The analysts added that the Reuters report, if true, would be not so surprising -- and consistent with the view that GPUs and ASICs will be needed to ramp up necessary infrastructure in AI.
"We foresee ASICs being primarily used for smaller and more specialized models and GPUs for both training and inference of larger/more complex models," the analysts said.
Nvidia stock was down 2% in premarket trading on Monday, underperforming futures tracking both the S&P 500 and Nasdaq.
Write to Jack Denton at jack.denton@barrons.com
9:28a ET 10/9/2023 - Dow Jones
Nvidia Will Stay Dominant, Citi Says After Report OpenAI May Change Chip Suppliers -- Barrons.com
Mentioned: NDAQ NVDA
By Jack Denton
Nvidia stock has come in focus after a recent report that OpenAI is exploring plans that could cut out the chip maker as a supplier. But there remain good reasons to stay bullish on Nvidia.
OpenAI, a leader in artificial intelligence whose launch of the ChatGPT chatbot kicked off an AI investing frenzy, is exploring making its own AI chips, Reuters reported late last Thursday, citing anonymous sources. Amid a shortage of chips to fuel AI growth, OpenAI is also considering options including working more closely with chip makers like Nvidia (ticker: NVDA) or diversifying its suppliers beyond the company, the report said.
OpenAI did not immediately respond to a request for comment from Barron's.
Nvidia is a key supplier of graphic processing units (GPUs) and application-specific integrated circuit (ASICs) -- chips that are critical in powering the advanced computing behind artificial intelligence. The chipmaker's exposure to AI has been a major force behind its financial success this year, which had sent Nvidia stock more than 210% higher since the start of January.
"We continue to expect Nvidia to maintain 90% share in the AI GPU market for the next 2-3 years," analysts at Citi wrote in a note Friday. The analysts added that the Reuters report, if true, would be not so surprising -- and consistent with the view that GPUs and ASICs will be needed to ramp up necessary infrastructure in AI.
"We foresee ASICs being primarily used for smaller and more specialized models and GPUs for both training and inference of larger/more complex models," the analysts said.
Nvidia stock was down 2% in premarket trading on Monday, underperforming futures tracking both the S&P 500 and Nasdaq.
Write to Jack Denton at jack.denton@barrons.com
Zacks
Bull of the Day: NVIDIA (NVDA)
Mentioned: AAPL NVDA
I last wrote about NVIDIA (NVDA) as the Bull of the Day in early September when it seemed like estimates had surged so much that they couldn’t go any higher.This was two weeks after the company’s August 23 quarterly report and most analysts had made their upward revisions based on strong guidance from Jensen Huang & Co.But the full wrath (and math) of the AI tsunami that NVIDIA has given life to is still being underestimated by Wall Street analysts and investors.And that means the sales and profit estimates for NVDA keep getting revised upwards.For perspective, here was the update I gave on September 6...Because look what happened with the Starship Jensen’s results and guidance: They blew the roof off with a roughly $2 billion beat on the Q2 top line and then forecasted almost a $4 billion beat for the current Q3.This means that the crowd of spreadsheet jockeys (Wall Street analysts), who have been underestimating NVIDIA’s growth in hyper-scale accelerated computing, have spent the last two weeks punching new, much more bullish assumptions into their models that keep NVDA a Zacks #1 Rank.Here are where their consensus revenue projections stand now (9/6) on the Zacks Detailed Estimates page...FY’24 (ends January): $53 billion for 97% growthFY’25 (begins in Feb): $76 billion for 43% growthAnd there’s profit optimism too...FY’24 EPS consensus just moved from $7.79 to $10.46FY'25 EPS consensus just moved from $10.77 to $15.48 (48% annual growth after the current year’s 210%+ advance!)Based on these revenue and profit estimates for next year, NVDA trades at 30X EPS and only 16X sales. As I described in my June video and article, NVDA should continue to trade at a premium of 20X sales as it progresses to $100 billion in annual revenue...Nvidia DGX: Workhorse of AI Will Drive NVDA to $2 Trillion(end of excerpt from September 6 report)The Moonshot to $100 Billion in SalesIn that June video and article, I suggested that NVIDIA sales could climb to $100 billion annually by 2026. At the time, sales estimates for next year (FY’25 which ends in January of 2025) were just beginning to breach $50 billion after their May earnings and product announcements.Fast forward just over 3 months and here’s where the consensus views have ascended to...FY’24 (ends January): $54.4 billion for 101.7% growthFY’25 (begins in Feb): $80 billion for 47% growthAt a $1.1 trillion market cap, NVDA now trades under 14X next year's sales.And the profit optimism persists too as the premier maker of GPUs commands top margins. Here’s a look at the move higher in EPS estimates just in the past four weeks since my last public report (I update for members every week)...FY’24 EPS consensus just moved from $10.46 to $10.74FY'25 EPS consensus just moved from $15.48 to $16.32 (52% annual growth after the current year’s 221.5%+ advance!)$100 Billion -- Sooner Than Even I ImaginedKeep in mind that these are consensus views. The high end estimate on next year’s topline is $116 billion.Given the surge in demand for NVIDIA systems architecture like DGX Grace Hopper 200 supercomputers, even my optimistic expectations are getting run over quickly.To wit, last week KeyBanc analyst John Vinh put out a note where he explained why he was raising his price target from $670 to $750.After the firm's quarterly supply-chain channel checks, his top takeaway is that AI data center demand remained extremely strong, outstripping supply by about 20%.In his model, that computes to datacenter revenue of $45 billion for fiscal year 2024, up over 100%.Vinh reported that while China’s demand remained weak, it didn’t deteriorate significantly. More importantly, Vinh sees a new opportunity for Nvidia in the second half, driven by “very strong” demand for L40S, a GPU designed for datacenter workloads like generative AI and large language model inference and training.He estimates a revenue contribution of $2.25 billion to $3 billion from this next-gen GPU.I haven't talked much about the new L40S platform yet because we're still in a revenue phase driven by a mix shift from Ampere 100 chipsets to the higher ASP (average selling price) Grace Hopper 100 "admirals."A DGX system which holds eight GPUs, can command a price tag between $200,000 and $300,000 depending on configuration and availability (i.e., demand outstripping supply).But the L40S will be another game-changer for NVIDIA in datacenters because the workload capacities are hyper-industrial strength.Breaking down why Vinh sees NVIDIA DC doing $45 billion this year, he predicts that the Microsoft/Open AI alliance will procure 450,000 Nvidia GPUs this year, translating to $11 billion in revenue, and 1.6 million GPUs next year, contributing $40 billion in revenue.
These estimates are based on ASPs for GPUs of about $25,000, which is really the low end in this demand-driven environment. The real market is closer to $40K each.And Apple (AAPL) is expected to purchase 200,000 H100 GPUs next year, representing $5 billion in revenue.“We believe NVDA has order and backlog visibility through 1H24 at this point and have not heard of any order cuts from its major CSP customers,” Vinh said.To wit, KeyBanc expects Nvidia's data center revenue of $101 billion for fiscal year 2025, up 124%.CUDA the KrakenIn my September report, I reviewed the “killer app” that makes NVIDIA GPUs so special...For the past seven years since I first learned about what Jensen was creating from GPU gaming cards, I’ve said that the key to NVIDIA innovation dominating the world of hyperscale accelerated computing revolved around three factors...1) The capabilities of GPU stacks creating "massively parallel architectures" for harnessing big-data with modeling, automation, and simulation2) The CUDA (Compute Unified Device Architecture) hardware + software stack that enables fast training and deployment of machine learning and deep learning models3) The evangelism of thousand of developers who get ingrained in the platform tools and never want to leave that ecosystemLong-time Apple evangelist Gene Munster recently said the same thing...“CUDA has created a moat around Nvidia's chip business. It would be difficult to get developers to switch to a different platform.”And that’s why observers like me and Dan Ives of Wedbush think that this is the "iPhone moment" for NVIDIA and its AI tools.In conclusion, let's hear from the AI wizard himself, Jensen Huang..."The world has something along the lines of about a trillion dollars' worth of data centers installed in the cloud and enterprise. And that trillion dollars of data centers is in the process of transitioning into accelerated computing and generative AI."I think this translates into NVIDIA hitting $100 billion per year in revenue much sooner than my 2026 projection in June. So don’t miss your chance to buy NVDA under $450 again. I’m pretty sure you won’t see it below $400 ever again.(end of excerpt from Sep 6)As I write this on Friday afternoon, NVDA shares are popping back above $450 after a trip down to $410 on September 21. And I also see a new article by the Wall Street Journal’s Dan Gallagher in his Heard on the Street column titled “How Nvidia Got Huge — and Almost Invincible.”Here’s a quote that sums up the built-in invincibility of the developer moat…Over time, CUDA has grown to encompass 250 software libraries used by AI developers. That breadth effectively makes Nvidia the go-to platform for AI developers; Credit Suisse analysts said those libraries "provide a starting point for AI projects that aren't available on non-NVDA systems, " in a report earlier this year. During a speech at the Computex conference in May, Nvidia's Huang said CUDA was downloaded 25 million times over the last year, which was more than double the software's life-to-date downloads prior to that.Looks like I wasn't crazy optimistic enough calling for $100 billion in sales in 2025. Let’s make that call $125 billion now.
Public mid cap
Reported every quarter inside 15 days
I did it!
Why would it not be next week like most serious companies who report inside a couple of weeks after finished Q?
New VP?
This one smells. I see a connection via BOD member to SIMPQ which looks like the same pump and dump scheme. Caveot Empreor on both
Maybe being the key word. Cut expenses and sell sell something
Last quarter they lost $12M on $15M revenue
SGA was $ 17M for the Quarter
$21M total Liabilities
$20M Cash on hand
They need to raise more capital or severely cut expences (Sublet Miami office $30M+ comitment not needed and cut SGA)
Where is the IR, PR and marketing team? They need to market the future value proposition or single digits next
Don't think anyone have read the financials. There's a lack of decisive IR/PR etc here. I'd wait
New management needed!
Why This Tesla Analyst Stays Bullish On EV Giant Despite Q3 Delivery Miss
6:38 am ET October 3, 2023 (Benzinga) Print
Morgan Stanley analyst Adam Jonas discussed the challenges facing electric vehicle (EV) adoption in light of Tesla Inc‘s (NASDAQ:TSLA) third-quarter delivery figures falling below estimates.
Positive Outlook: Jonas has maintained an “overweight” rating on Tesla stock with a price target of $400, which he set last month on expectations that Tesla’s supercomputer, Dojo, could unlock new markets for the EV giant and catapult its enterprise value by a staggering $500 billion.
Tesla’s Performance: In the third quarter, Tesla delivered 435,059 vehicles, slightly below the estimated 465,000 units. However, the company still aims to achieve its full-year target of 1.8 million units, providing hope for a robust fourth quarter.
Future Projections: Jonas predicts that Tesla will deliver around 2.48 million units in 2024, representing approximately 33% year-on-year growth.
Challenges Ahead: Jonas anticipates challenges in the rate of EV adoption as stakeholders consider the costs of diversifying from a Chinese-dominated EV supply chain.
Additionally, EVs tend to have higher repair costs than combustion engine vehicles, and some customers face difficulties with insurance companies regarding EV underwriting. Several EV companies have yet to establish financially viable business models.
Impact of China: Limiting the sourcing of EVs and components from China could hinder EV adoption, according to Jonas.
“It is also inflationary, in our view,” he said.
He also expects traditional automakers to shift their focus back to combustion vehicles and hybrids as they evaluate the economics of their EV initiatives.
Tesla’s Potential: Despite these challenges, Jonas believes Tesla can address these issues. He also emphasized considering other aspects of Tesla’s business, such as Dojo and licensing opportunities.
What's needed is for Revenues to grow and Expences to slow. Pretty basic so hope the motivation is there considering that Mangagment already lined their pockets by having options and selling. Let's see Q3 (and report it quickly as they already should know the sales numbers and putting together finacials should not take more than 2 weeks).
Concerened about expenses, hmmm
'Lost All Visibility' On The Apple Car Project: It Isn't Coming Anytime Soon, Says Analyst
3:40 am ET September 28, 2023 (Benzinga) Print
If you have been waiting for the Apple Car, you may want to rethink your options. Apple analyst Ming-Chi Kuo has now said that he has "lost all visibility" on the Apple Car project.
What Happened: Apple Inc. (NASDAQ:AAPL) could be losing the plot for its car project – while the Apple Car saga has extended to a decade now, analyst Kuo has cast aspersions on the idea itself.
See Also: Found A Great Deal On A Looted iPhone? Don’t Buy It, It Won’t Work
According to Kuo, fans who have been waiting for Apple Car news are in for a disappointment. He says he has "lost all visibility" on the project, which sounds quite serious for the world's most valuable company by market capitalization.
"If Apple doesn’t adopt an acquisition strategy to enter the automotive market, I doubt that the Apple Car can go into mass production within the next years," Kuo remarked, underlining that Apple has likely run into some serious problems with its autonomous electric car dreams.
The development of the Apple Car seems to have lost all visibility at the moment. If Apple doesn't adopt an acquisition strategy to enter the automotive market, I doubt that the Apple Car can go into mass production within the next years.
—
Apple…
— ??? (Ming-Chi Kuo) (@mingchikuo) September 27, 2023
Initially referred to as ‘Project Titan', the Apple Car project was launched in 2014 with the goal of creating a self-driving electric car.
Autonomous Car Dreams: Elon Musk's Tesla Inc. (NASDAQ:TSLA) has also been working on bringing similar capabilities to its electric cars, but it has not yet achieved the highly anticipated full self-driving abilities yet.
This is not the first instance of Kuo expressing doubts about the Apple Car project. Back in March this year, Kuo said the team working on Apple Car has been dissolved.
"The Apple Car project team has been dissolved for some time," he said, adding that a reorganization is required if Apple wants to achieve its mass production goal by 2025.
The Apple Car project team has been dissolved for some time. The reorganization within the next three to six months is necessary to achieve the goal of mass production by 2025.
— ??? (Ming-Chi Kuo) (@mingchikuo) March 15, 2022
Now, over six months later, with Kuo saying that there is no visibility whatsoever, it looks like Apple has not regrouped its development team yet.
It remains to be seen if this is a temporary setback or if the Apple Car dreams have been shelved for good.
Hyundai and Kia Have Big Fire-Risk Recalls
Check financials
Tesla Wins Giga Mexico's Environmental Impact Permits
Tesla Reverses Course But Signals The Local Bottom May Be In: The Bull, Bear Case For The EV Giant
Mentioned: TSLA
Tesla, Inc (NASDAQ: TSLA) was falling slightly on Friday, testing the 50-day simple moving average (SMA) as support after Cathie Wood's ARK Invest disposed of $15.94 million worth of the stock.
The EV-giant's move lower confirmed the stock's downtrend remains intact, with the formation of another lower low. The local bottom may be in, because Tesla was working to print a hammer candlestick on the daily chart.
A hammer candlestick pattern forms when a red or green candlestick prints, with a long lower wick and a short upper body, which resembles a hammer.
A hammer candlestick, when found in a downtrend, can indicate a reversal to the upside on the horizon. It is a lagging indicator because the next candle on the timeframe being studied must print before the pattern can be validated.
A hammer candlestick doesn't necessarily mean a new uptrend will occur, only that a bounce higher is likely imminent.
Candlestick patterns can be used to indicate the future price direction of a stock. Candlestick patterns are especially useful for technical traders when they are combined with other indicators such as larger patterns, trading volume, relative strength index (RSI) and divergences between RSI and price action.
Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.
The Tesla Chart: Tesla entered a downtrend on Sept. 15 after forming a bearish double top pattern at the $278.91 mark, when paired with similar price action on Sept. 12. The stock's most recent lower high within the downtrend was formed on Wednesday at $273.93 and the most recent confirmed lower low was printed at the $261.20 mark the day prior.
On Friday, Tesla looked to be forming its next lower low within the pattern but holding above support at the 50-day SMA and forming a hammer candlestick. If the candlestick is recognized, Tesla is likely to bounce on Monday, at least to print another lower high.
While the eight-day exponential moving average (EMA) is currently trending above the 21-day EMA, the former will cross below the latter if Tesla doesn't regain both indicators over the next day or two. Bullish traders want to see big bullish volume come in and drive Tesla up $262 to avoid the eight-day crossing under the 21-day.
Bearish traders want to see Tesla reject the 21-day EMA on the next bounce, which could accelerate downside pressure and drop the stock under the 50-day SMA.
Tesla has resistance above at $254.98 and at $271.71 and support below at $234.35 and at $225.03.
NEWS: The UAW President has just announced that they are calling on 38 additional plants across 20 states to join the strike. Those people will go on strike at 12 PM ET today.
Another Reason To Get A Tesla? These 3 Vehicle Models Are Among The Least Stolen
Mentioned: BMWYY GM HMC NSANY STLA TM TSLA
Electric vehicle (EV) giant Tesla Inc (NASDAQ: TSLA) has made headlines in 2023 for its Model Y becoming one of the bestselling vehicles worldwide.
Price cuts and incentives have made the vehicle more affordable for some and has led to the vehicle being chosen over other EV rivals or traditional automotives.
While charging range, price, and wow factor for EVs can be important reasons to purchase one model over another, there might be another big reason to buy a Tesla.
What Happened: Consumers shopping for a new or electric vehicle might want to consider a Tesla vehicle like the Model Y, Model 3, or Model X.
A new list from the Highway Loss Data Institute reveals the vehicles that are most stolen and the vehicles that are the least stolen, when looking at model years 2020, 2021 and 2022. The model factors in the number of vehicles on the road and market share to come up with a better look comparatively of all models.
According to the report, these were the vehicles stolen the least, based on the lowest number of claims compared to other vehicles.
Tesla Model 3 4WD, Tesla Inc
Tesla Model Y 4WD, Tesla Inc
Volvo XC90 4WD, Volvo
GMC Arcadia 4WD, General Motors Company (NYSE: GM)
Tesla Model X 4WD, Tesla Inc
Volvo XC40 4WD, Volvo
Tesla Model 3, Tesla Inc
Chevrolet Trailblazer 4WD, General Motors Company
Lexus UX 250 hybrid 4WD, Toyota Motor Corporation (NYSE: TM)
Volvo XC60 4WD, Volvo
Tesla gets four of the top 10 spots on the list of the least stolen vehicles. General Motors grabs two spots and Volvo has three.
Outside the top 10, Volvo, Tesla and General Motors all score well in the 11 to 20 range as well.
The report lists the following as the ten most stolen vehicle models from 2020 to 2022.
Dodge Charger SRT Hellcat, Stellantis NV (NYSE: STLA)
Dodge Charger HEMI, Stellantis NV
Infiniti Q50, Nissan Motor (OTC: NSANY)
Dodge Challenger, Stellantis NV
Land Rover Range Rover 4WD, Tata Motors
Kia Sportage, Kia
Land Rover Range Rover Sport 4WD, Tata Motors
Kia Sportage 4WD, Kia
Honda CR-V 4WD, Honda Motor Company (NYSE: HMC)
BMW X6 4WD, BMW (OTC: BMWYY)
The Charger SRT Hellcat was a significant leader on the list, with the model 60 times more likely to be stolen than the average 2020 to 2022 model vehicle.
'If you own a Hellcat, you better check your driveway,' HLDI Senior Vice President Matt Moore said. 'These numbers are unbelievable.'
Kia and Hyundai vehicles ranked high among the top 20 most stolen, likely helped in part by thieves discovering that they were easier to steal and a TikTok viral challenge catching attention.
Several insurance companies even stopped offering coverage on certain models due to them being frequent targets for thieves.
Related Link: Here's How Many Tesla Vehicles Tesla Has Delivered And Produced In Each Quarter Since 2019
Why It's Important: Out of the top 20 least stolen vehicles, six of the models are EVs.
There could be several factors for the reason why EVs are targeted and stolen less. Among the biggest reason could be the need to charge and some EVs parked in garages or well-lit areas that include chargers.
Another factor that goes into Tesla scoring well as a top-rated low theft vehicle brand could be the company's Sentry Mode, a surveillance system that kicks in when people are close to the vehicle.
Tesla offers many cameras and records video during Sentry Mode and even when the vehicles are not actively running.
GPS tracking for Tesla vehicles could also be a deterrent to fend off thieves, as the car's owner can likely locate their vehicle or help authorities track down where the thieves live or left the stolen vehicle.
Auto companies that appear on the list of least stolen vehicles can use that as a selling point to consumers. For Tesla, this list inclusion could be another example of how the company is beating not just EV companies, but also traditional automakers in many aspects.