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Good time to cover short positions, blue sky ahead
2nd half will be amazing
$2.27/share, huge beat
Cover first thing in the morning, take off
Delivery late 2024 of current 325 mile model, little too late to compete with Tesla. It's the manufacturing stupid
Good luck shorting
This is of course after 3-1 split
Buying
We need nuclear energy to power the grid!
Barron's
FEATURE
This Should Make Tesla Happy: 25% of Americans Want an EV as Their Next Car
Rivian Plans Massive Layoffs; Shares Plunge 6%
July 12 2022 - 06:32AM
Rivian Automotive (RIVN) plans to lay off about 5% of its workforce, mainly targeting non-manufacturing roles. According to a Bloomberg report, the cuts are in the planning stage and could affect hundreds of people. The cuts will target areas where the company has grown too quickly and teams with duplicate functions. Rivian plunged 6.4%, closing at $29.93 on July 11. Economic Outlook Concerns for RIVN The Irvine, California-based manufacturer is pulling back after doubling its headcount over the past year as it sought to ramp up production.
https://www.tipranks.com/news/rivian-plans-massive-layoffs-shares-plunge-6?utm_source=advfn.com&utm_medium=referral
Yes yes after split
Good luck
Surefire way to lose money
Agreed, hopefully we get the squeeze to $1000+
they're always trying to manipulate based on their position. They're taking a high risk going forward as two new factories ramp up and profit margin gets close to the same as Apple (unheard of in the automobile business). Second half 2022 and all of 2023 should be a blow-out!
Tesla's stock bounces into positive territory after China-based rivals report upbeat June deliveries
7:33 am ET July 1, 2022 (MarketWatch)
Print
Shares of Tesla Inc. (TSLA) bounced into positive territory in premarket trading Friday, going from an earlier loss of as much as 1.7% to a gain of 0.5%, after China-based electric vehicle makers reported strong June deliveries data. China is an important market for Tesla, as the EV giant generated 24.8% of its revenue from China in the first quarter, and 25.7% of its revenue from China in 2021. The stock's bounce comes after it had lost 8.6% amid a four-day losing streak through Thursday, to end the month of June with a 11.2% decline. NIO Inc. (NIO), Li Auto Inc. (LI) and XPeng Inc. (XPEV) all reported big increases in June deliveries, both from a month ago and from a year ago, to continue a recovery after a relatively rough April. Tesla's stock has dropped 36.3% year to date through Thursday, while the S&P 500 has declined 20.6%.
-Tomi Kilgore
(END) Dow Jones Newswires
July 01, 2022 07:33 ET (11:33 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
The first electric car in the United States was developed in 1890–91 by William Morrison of Des Moines, Iowa; the vehicle was a six-passenger wagon capable of reaching a speed of 23 kilometres per hour (14 mph).
Tesla Reportedly Adding Third Shift At Giga Berlin By July 4' -InsideEVs
12:58 pm ET June 28, 2022 (Benzinga) Print
https://insideevs.com/news/594929/tesla-giga-berlin-third-shift-production-ramp/amp/
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
15,000 Tesla vehicles are already in the hands of Uber drivers through Hertz deal' -Electrek Report
12:59 pm ET June 28, 2022 (Benzinga) Print
https://electrek.co/2022/06/28/tesla-vehicles-uber-drivers-hertz-deal/
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
oh yeah!
3rd shift being added in Berlin
Nuclear
Tesla 4 factories will soon produce 1M cars each for a total of 4M. Could easily happen next year. Nobody builds EV factories as fast and effective as Tesla and anything close to the output. 4 more and we have 8. Then double production to 2M each and we have 16M cars by 2025-6. Tesla will not only be the worlds largest automotive company but also the worlds largest company in terms of sales, profit and marketcap.
Demand unlimited!
Options Traders Expect Tesla To Zoom Ahead
9:00 am ET June 22, 2022 (Benzinga) Print
Shares of Tesla Inc (NASDAQ: TSLA) spiked on Tuesday after the company announced layoffs amid supply chain bottlenecks.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Tesla traded more than 1.25 million contracts on Tuesday, making it the busiest single-stock options for the day. Bullish bets outpaced bearish ones, he added.
Check out other stocks making big moves in the premarket.
There was a buyer of 1,000 of the Weekly 775/780 call spreads at 80 cents per contract on average, Khouw mentioned. The trader sees shares of Tesla climbing at least 9% by the end of the week, he added.
TSLA Price Action: Shares of Tesla spiked 9.35% to settle at $711.11 on Tuesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tesla Sells the Most American-Made Cars. GM Doesn't Make the Top 10. -- Barrons.com
7:25 am ET June 22, 2022 (Dow Jones) Print
Al Root
Electric-vehicle maker Tesla took the top two spots in Cars.com's annual ranking of American-made vehicles. The rest of the top 10 might surprise investors.
Tesla (ticker: TSLA) ended up with four vehicles in the top 10. The company only manufactures four models.. The Model Y was first, and the Model 3 was second. Tesla's Model X and Model S came in fifth and sixth, respectively.
Those vehicles are manufactured at Tesla's Fremont, California plant.
It shouldn't be a surprise that Tesla ranked so highly. All of its North American manufacturing capacity is in the U.S. But Honda Motor (HMC) also took four of the top 10 spots. That might be eyebrow-raising to some. The Honda Passport was fourth and the Ridgeline, Odyssey and Pilot came in eighth, ninth and 10th, respectively.
Honda manufactures those vehicles in Lincoln, Alabama.
That leaves just two spots in the top 10 for other auto makers. The Lincoln Corsair SUV from Ford Motor (F) came in third. It's manufactured in Louisville, Kentucky. The Jeep Grand Cherokee was seventh -- it's manufactured in Illinois.
General Motors (GM) didn't crack the top 10, but it took the 11th and 12th spots with the Corvette and GMC Canyon. The Corvette is made in Kentucky. The Canyon is assembled in Missouri.
The index is a win for Tesla. It might be a win for EVs too.
"The composition of this year's much-anticipated American-Made Index is particularly interesting in the context of our current marketplace," said Jenni Newman, Cars.com editor-in-chief in a news release. "That Tesla -- an American-made all-electric make -- appears frequently and high up on the list may indicate a coming alignment of market forces that could really explode once we break through microchip supply chain issues, especially if gas prices remain historically high."
American-made isn't all about where the cars are manufactured. It's also about parts supply. The fact that Ford and GM had trouble cracking the top 10 isn't really the big surprise from the survey. Both GM and Ford have long histories with NAFTA, the North American Free Trade Agreement, which moved parts and plants in and out of Canada and Mexico for generations.
Tesla is, essentially, too new to have the same legacy. It just opened up its second manufacturing plant in the U.S. in Austin, Texas. GM, for instance, has more than a dozen American plants. It also has almost 10 in Canada and Mexico combined.
Tesla stock isn't reacting to the index. Shares were down about 1.8% in premarket trading Wednesday. It's a red day to start for markets. S&P 500 and Dow Jones Industrial Average futures fell about 1.3% and 1.1%, respectively.
Write to Al Root at allen.root@dowjones.com
(END) Dow Jones Newswires
June 22, 2022 07:25 ET (11:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Tesla Stock Selloff Created 'generational' Investment Opportunity, Analyst Says -- MarketWatch
7:48 am ET June 22, 2022 (MarketWatch)
Print
The recent selloff in Tesla Inc.'s stock (TSLA) has created a "generational investment opportunity" in one of the most compelling growth stories, said CFRA analyst Garrett Nelson, as he believes the electric vehicle market leader has long-term potential similar to technology disruptors such as Apple Inc. (AAPL) and Amazon.com Inc. (AMZN) several year ago. Nelson believes the stock has been "unfairly punished" from a broad tech selloff, growing recession fears, COVID-19-related production issues, Chief Executive Elon Musk's buyout bid for Twitter Inc. (TWTR) and the effect of increasing competition and costs on earnings. The stock has tumbled 32.7% year to date through Tuesday, while the S&P 500 has dropped 21.0%. "In our view, these factors have overshadowed several key positives in the Tesla story: exceptional operational and earnings execution, future production growth from the recent startup of the Austin and Berlin factories, dramatic balance sheet improvement, and an impressive pipeline of future products," Nelson wrote in a note to clients. He said longer-term, his stock price target of $1,200, which implies 69% upside from Tuesday's closing price of $711.11, will prove conservative.
-Tomi Kilgore
Tesla stock has 'gone on sale,' according to one analyst. Here's what investors should do
1:06 pm ET June 21, 2022 (MarketWatch)
Print
By Claudia Assis
Tesla is 'one of the market's most compelling growth stories,' CFRA analyst says
Tesla Inc. stock is caught up in the tech selloff as well as some company and industry headwinds, but that doesn't mean investors should shy away from the "highly attractive entry point" the pullback has created.
That's from CFRA analyst Garrett Nelson, who said in a note Tuesday that even though Tesla (TSLA) shares "have recently gone on sale," the company is "one of the market's most compelling growth stories -- an investment with long-term return potential similar to tech disruptors such as (Apple Inc. (AAPL)) or (Amazon.com Inc. (AMZN)) several years ago."
Tesla shares have lost 44% this year, compared with losses of around 21% for the S&P 500 index. But it is still the best performing auto maker stock in Nelson's screens, with other major auto makers down on average around 52%, the analyst said.
"Tesla has been unfairly punished by the market and the company is not being given credit for several key positives in the story," Nelson said.
That includes "exceptional" operational and earnings execution, potential production growth from its new factories in Austin, Texas, and in Berlin, Germany, and "dramatic balance sheet improvement and an impressive pipeline of future products."
Markets may also underestimate the role that record-high gas prices could play in driving EV sales volumes, he said. Tesla could also surprise markets by bringing its electric pickup truck, the Cybertruck, and its commercial electric truck, the Semi, to market earlier than expected, Nelson said.
Tesla stock is down 33% so far in the second quarter, and has lost about 30% since Chief Executive Elon Musk made his bid for social-media company Twitter Inc(TWTR)
The concerns that Twitter would be "too much of a distraction" for Musk and Tesla are "overblown," Nelson said in his note. Musk has surrounded himself by a "highly capable" executive team at Tesla and has been able to balance growth at both Tesla and space company SpaceX for several years, in addition to his other companies, the analyst said.
Musk has chimed in about the state of the U.S. economy and the possibility of a recession. Earlier Tuesday, the Tesla CEO said that a recession "is inevitable at some point."
-Claudia Assis
(END) Dow Jones Newswires
June 21, 2022 13:06 ET (17:06 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Supply and demand easily has Tesla on top to buy, never mind margins and cash generation
And $18 billion cash
Tesla is the inflation hedge, look at demand and cash flow. Strong buy!
Oversold, good news coming. Keep shorting and I keep buying
Tesla has demand and can supply = inflation hedge
$TSLA = INFLATION HEDGE
Tesla Produces 33,544 Cars From Shanghai Plant in May, Tripling April's Output -- Barrons.com
5:14 am ET June 9, 2022 (Dow Jones) Print
By Joe Woelfel Tesla made 33,544 cars from its Shanghai plant in May vs. 10,757 the previous month, according to data from the China Passenger Car Association. The electric-vehicle maker sold 32,165 China-made cars in May. The increased output from Tesla's Shanghai plant came despite the factory being shut down at the start of April because of local Covid restrictions. Tesla (ticker: TSLA) shares rose 2.9% to $746.79 in premarket trading Thursday. Write to Joe Woelfel at joseph.woelfel@barrons.com (END) Dow Jones Newswires June 09, 2022 05:14 ET (09:14 GMT)
Tesla upgraded to buy at UBS after 31% stock-price slide
6:10 am ET June 9, 2022 (MarketWatch)
Print
By Steve Goldstein
Tesla was upgraded to buy at UBS on the view that the stock market slide has provided an attractive entry point for a high-growth business.
Analyst Patrick Hummel kept his price target at $1,100 while upgrading the stock. Tesla (TSLA) shares, down 31% on the year, rose over 3% in premarket trade.
Hummel said the operational outlook is stronger than ever, due to a record-high order backlog and two new gigafactories ramping up. He did reduce his 2022 earnings per share target by 12%, to account for the Shanghai lockdown.
Down the road, he says Tesla's vertical integration in semiconductors, software and battery to result in superior growth and profitability in the years ahead. "Tesla can outgrow peers with a combination of in-house cell capacity, its lead vs. global competitors in using LFP cells and its high share of directly sourced battery commodities, lithium above all," he said.
Tesla's reported plan to cut 10% of salaried workers did not phase Hummel. "For a company growing that fast, there is always risk of gaining too much weight in overhead functions, and the soft macro outlook is a good reason to accelerate efficiency efforts, in our view," he said.
Tesla's shares have suffered not just because of the broader slide in tech stocks, but also CEO Elon Musk's pursuit of Twitter (TWTR), using pledged Tesla shares to finance his bid. Musk is called a key man risk.
"Elon Musk remains the key person at Tesla, with all the risks associated with that," he dryly notes. "The actions, social media posts, etc. are highly unpredictable."
-Steve Goldstein
(END) Dow Jones Newswires
June 09, 2022 06:10 ET (10:10 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
video unavailable?
Texas Attorney General Launches Investigation Into Twitter Bots: What Investors Should Know
6:47 pm ET June 6, 2022 (Benzinga) Print
The attorney general of one of the largest states in the country is launching an investigation against social media network Twitter Inc (NYSE: TWTR). Here are the details.
What Happened: Texas Attorney General Ken Paxton announced the launch of an investigation against Twitter over false reporting of its fake bot accounts. The investigation says the false reporting could be in violation of the Texas Deceptive Trade Practices Act.
“Spam accounts like these inflate followers and reach, and often push deceptive and annoying activity. Bot accounts can not only reduce the quality of users’ experience on the platform but may also inflate the value of the company and the costs of doing business with it, thus directly harming Texas consumers and businesses,” the filing said.
The Civil Investigative Demand issued calls on Twitter to turn over documents on how it calculates user data. The company has until June 27 to respond to the CID from Paxton’s office.
Twitter has said that fewer than 5% of its users are “bots,” a number put in question by the claim from Paxton.
“Texans rely on Twitter’s public statements that nearly all its users are real people. It matters not only for regular Twitter users, but also Texas businesses and advertisers who use Twitter for their livelihoods,” Paxton said. “If Twitter is misrepresenting how many accounts are fake to drive up their revenue, I have a duty to protect Texans.”
Related Link: Elon Musk Quotes The Tempest On Twitter But This Is His Favorite Shakespeare Play
Why It’s Important: The comments and filing by Paxton come as it was announced Monday that Tesla Inc (NASDAQ: TSLA) CEO Elon Musk sent a letter to Twitter accusing the company of not providing information on bot requests.
“Twitter has, in fact, refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022, to facilitate his evaluation of spam and fake accounts on the company’s platform,” the letter said.
Musk has indicated that Twitter breached part of an agreement to take the company private at $54.20 per share by not providing information on bot accounts.
“Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.”
Tesla is headquartered in Texas thanks to a move from the state of California. The timing of the letter from the Texas Attorney General and Musk on the same day have been pointed out on social media Monday.
Paxton previously had a run-in with Twitter over a lawsuit related to the banning of President Donald Trump from the social media platform.
TWTR Price Action: Twitter shares closed 1.49% at $39.56 on Monday. Shares have traded between $31.30 and $73.34 over the past 52 weeks.
Photo: mundissima via Shutt
Tesla, EV Makers' Battery Costs Aren't All About Commodities. That's Good. -- Barrons.com
1:25 pm ET June 6, 2022 (Dow Jones) Print
Al Root
Battery costs are now rising, and that's a problem for electric-vehicle makers' profit margins. Rising prices are enough for some to take a dire view of some auto stocks. There is more, however, to cost reduction than falling commodity prices.
That's good news for Tesla (ticker: TSLA) as well as all auto makers who are vying for a piece of Tesla's EV market share.
EV battery costs fell roughly 90% between 2010 and 2020, according to Bloomberg New Energy Finance. They fell another 6% in 2021, hitting about $132 per kilowatt-hour, or kWh.
Performance like that has resulted in a belief that battery electric vehicles, BEVs, will eventually be lower cost and more profitable than internal combustion engine, or ICE, vehicles, says RBC analyst Joseph Spak. "Recent higher input costs have certainly thrown a wrench toward that thinking," wrote the analyst in a Sunday report.
The cost of metals that go into EV batteries, including lithium, copper, and others, are up about 50% year to date, adding perhaps $1,500 to the cost of a typical EV.
Higher raw-material prices is one reason that Wells Fargo analyst Colin Langan downgraded shares of Ford Motor (F) and General Motors (GM) to Sell from Buy back in May. "As auto makers will likely be forced to sell money-losing complianceBEVs," wrote the analyst.
Langan doesn't see raw-material prices abating any time soon. Fortunately, there are other ways to reduce costs.
"You ever hear the Wright curve. It's another way some economists talk about stuff," says Tim Grewe, GM director of electrification strategy, tells Barron's. Wright's curve says that every time cumulative production of anything doubles, costs tend to fall. "The slope [of improvement] varies....there's all this innovation going on and all these levels."
The battery lab, which is part of GM's Technical Center in Warren, Mich., is working on new battery cathodes and electrolytes, among other things, to improve cost, reliability, among other battery specs.
GM targets 60% reduction in battery costs from 2021 levels over the coming few years. Some of that is from science, and some from scale as well as logistics. GM is building its own battery facilities as well as building up a local supply chain so the company doesn't have to ship materials and components to and from China.
For Wright's curve, it's been taking roughly two years to double the number of EV batteries ever made in recent years, and battery costs have been coming down roughly 30% over that two-year span. If everything holds up, that means that GM should hit its 60% goal around the end of 2026 or in 2027
That math would drop the current cost of an EV by roughly $5,000 or $6,000, easily erasing the raw-material penalty. That drop would also, essentially, close the gap between BEV and ICE vehicle costs.
That's theoretical. And many other things will happen in the EV industry between now and then. EV profitability, for instance, isn't all about battery costs. Competition matters, too.
"One of our long-held beliefs is that BEVs may change what powers the vehicle from point A to point B, but if the entire industry shifts to BEVs then because of competition, auto-making margins may not really change," adds Spak in his report.
Spak rates Tesla stock at Hold, but his price target is $1,175. That values Tesla at about $1.2 trillion, roughly seven to eight times his estimation of the combined market value of Ford and GM.
Auto makers are trying to move beyond just auto-making margins, and sell other services to car buyers that are enabled by all the software and connectivity transforming the car.
For now, investors are focused more on the short-term problems of inflation rather than the opportunity for EVs and software. Ford, GM, and Tesla shares are down about 35% year to date, on average, worse than the 14% and 10% respective drops of the S&P 500 and Dow Jones Industrial Average.
you have no idea what's coming but shorting is not the answer
Berlin and Austin will be the ace in the hole