Wealth moves from the impatient to the patient....
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$NIO Lunch time dip for more shares.... $$$$$
Ouch! I wouldn't short right now, but that is just me. Weekly PSAR gonna pop next week, maybe this week, and then off to a new high. Then earnings... I don't know bro... Good luck!
$SOLO looking sweet today. EV is the future and this is undervalued here...
The Dems are definitely good for China/Environmental/EV/Clean Energy stocks, etc... Good for my savings and maybe some new toys???
$NIO
Sweet... Those should be looking nice!
$NIO
It's true... $NIO Rocking in pre-market!
$AAPL Lot's of pressure on Apple today... Buy the hype sell the news... But this will go back up higher. They don't even start delivery for a few more weeks... So next month should get more interesting when we know how the orders are going....
Apple Short Interest Jumps By $1.3B Ahead Of iPhone Event
11:28 am, October 13, 2020
Portfolios: First Watchlist
Tickers: $TSLA $AAPL $BABA
On Tuesday, Apple, Inc (NASDAQ: $AAPL) shares ticked lower by about 0.5% after the stock gained 6% on Monday in anticipation of the big iPhone 12 event. Apple investors have high hopes for the first 5G-compatible iPhone, but short sellers are betting the sell-the-news drop is just getting started.
S3 Partners analyst Ihor Dusaniwsky says Apple’s short sellers have added $1.3 billion to their bearish bets in the month leading up to Tuesday’s iPhone event.
Apple now has $10.8 billion in total short interest, trailing just Tesla Inc (NASDAQ: TSLA) with $25.4 billion and Alibaba Group Holding Ltd - ADR (NYSE: BABA) with $14.3 billion on the list of the most heavily shorted stocks in the world.
Sell-The-News Trade? Apple is the most shorted stock in the tech sector, and Dusaniwsky said short sellers have increased their aggregate positions by 15.5% in the past month. In the week leading up to the iPhone event, short sellers added another 2 million shares to their bearish Apple bets.
Short sellers have taken a big hit on Apple in 2020. Dusaniwsky said Apple short sellers have endured $5.9 billion in net-of-financing mark-to-market losses this year. Apple short sellers added another $679 million in losses during Monday’s big rally alone.
“If AAPL stock rallies on good news we should expect a wave of short covering and shares shorted trend back down towards the 76 million share level we saw in early September,” Dusaniwsky said.
Benzinga’s Take: Analysts and investors are expecting the iPhone 12 to trigger a massive global upgrade cycle for Apple. However, with the stock up more than 100% in the past year, the market has already added more than $1 trillion in value to Apple in anticipation of the first 5G iPhone, and short sellers are betting it will be difficult for the device to live up to the hype.
Nio's 4th Annual 'Nio Day' Coming In January: What Investors Need To Know 4:39 pm, October 12, 2020
Portfolios: First Watchlist
Tickers: $NIO
Nio Inc – ADR (NYSE: $NIO) have ahead in the form of the Chinese electric vehicle manufacturer's Nio Day.
The Jan. 9 Event: The EV maker's annual Nio Day, which is customarily held in December, has been pushed back and will be held Jan. 9, 2021, the company confirmed to Benzinga.
Nio Day is a conclave of Nio vehicle owners and other guests where the company usually showcases new technology and products.
The one scheduled for January 2021 will mark the company's fourth Nio Day.
The event is to be held at Wuliangye Chengdu Financial City Performing Arts Center, located at the Chengdu Hi-Tech Industrial Development Zone.
Nio is expected to launch a new high-performance, premium, all-electric sedan, the ET7, at the event, Autonews.gasgoo.com reported, citing local media.
The ET7 will likely compete against Tesla's Model S, Electric Vehicle Web reported.
Related Link: Tesla Vs. Nio Vs. Li Auto: How Q3 Deliveries From Electric Automakers Stack Up
History Of EV Launches At Nio Day: Nio held its first Nio Day Dec. 16, 2017 in Beijing, where it launched its first mass-produced vehicle, the ES8 — a full electric SUV.
The second Nio Day was held at the Shanghai Oriental Sports Center on Dec. 15, 2018 with the theme of the year being "Together & Better."
The company unveiled its ES6, a long-range electric SUV, during the event, while also announcing plans to upgrade Nio Houses, Nio Service and Nio Power in 2019.
The stock reaction was muted to the event, with Nio shares shedding about 8.7% in the first trading session following the event.
Come 2019, the company kickstarted the annual event Dec. 28 at Shenzhen Sports Center under the theme "Believe in Better."
The event saw the debut of Nio's third production model: the EC6, a smart electric coupe.
Deliveries of the EC6 began in September 2020.
The company also released a refreshed version of its ES8, a 100 kilowatt-hour liquid-cooled thermostatic battery pack, which aims for a 600 km-plus NEDC range; and 20kW DC Power Home.
Nio shares jumped about 54% on Dec. 31, 2019 following the most recent Nio Day event.
Elon Musk Details Why Tesla Designed Autopilot AI Computer Chip In-House 2:54 pm, October 12, 2020
Portfolios: First Watchlist
Tickers: $TSLA $NVDA
While some value Tesla Inc (NASDAQ: $TSLA) as an automotive company, many of Tesla's biggest fans and bulls say it should be looked at as more of a technology stock.
This is most clearly seen in the company's push to create software for full autonomy. Tesla is not only developing Full Self-Driving software, but it has also designed the artificial intelligence computer chip that will power it as well.
CEO Elon Musk, responding to ARK Invest analyst James Wang on Twitter, said a blog Wang wrote in 2019 about Tesla self-driving program is an accurate analysis.
In it, Wang said Tesla is four years ahead of the competition on self-driving hardware.
Tesla's is an automotive grade computer many times more powerful than anything on the market at the time of its release, the ARK Invest analyst said.
Nvidia Corporation's (NASDAQ: NVDA) solution, regarded as being the closest to Tesla's hardware, was more expensive, less powerful and used more energy to run, Wang said.
Nvidia’s chip must support many neural networks and sensors, he said; Tesla’s chip needs to support just the sensor suite and neural net on its own vehicles.
Musk name-checked two of the other companies in the market in a tweet to Wang.
"Neither MobilEye nor Nvidia, which are certainly good companies, could meet any of our capability, schedule, cost or power requirements." Musk said on Twitter.
Benzinga's Take: While many are skeptical of Tesla's ability for true level five autonomy, Tesla arguably has the most capable driver assist available on the road today.
The solution that's now being used by customers can stop at traffic lights and stop signs — and take freeway exits and interchanges.
A rewrite of the core autopilot code is expected in the next few weeks, which will hopefully bring Tesla's Full Self-Driving software to the next level.
$SOLO moving nicely today...
She sure is in Beast mode... Love it!
$AAPL
Tesla Battery Supplier LG Chem Preannounces 159% Profit Growth
2:30 pm, October 12, 2020
Portfolios: First Watchlist
Tickers: $TSLA
South Korean battery supplier LG Chemicals is on track to report record quarterly results for the third quarter as the electric vehicle space shows ongoing momentum.
What Happened: LG Chemicals, which supplies EV batteries to Tesla Inc (NASDAQ: TSLA), said it expects to report a third-quarter operating profit of 902.084 billion won ($785.33 million), representing a 158.7% year-over-year increase, the company revealed in a filing with the South Korean stock exchange.
This compares to the 746-billion-won consensus forecast, Reuters reported, citing Refinitiv SmartEstimate.
Revenues climbed 8.8% year-over-year to 7.51 trillion won ($6.54 billion).
Why It's Important: LG Chem's strong results in part reflect Tesla's third-quarter delivery numbers. The U.S. EV pioneer reported record third-quarter deliveries earlier this month.
Tesla is also reportedly looking to pick up a stake in LG Chem in a bid to secure battery supplies as the demand for EVs continues to surge.
Additionally, LG Chem may also have benefited from an increase in demand for home appliances as a result of the coronavirus pandemic. They're manufactured using petrochemicals supplied by the company, the Reuters report said.
Tesla could sell more than 800,000 cars by 2021, S&P Global Ratings says
Tesla’s debt close to investment grade after S&P upgrade
$AAPL through the roof today and moving higher... Markets all want to go higher...
Electric Vehicle Sales Set To Rise Threefold In Europe This Year: Report
5:05 am, October 12, 2020
Portfolios: First Watchlist
Tickers: $TSLA $BMWYY $VWAGY
Sales of electric cars in Europe are set to increase by three times this year compared with the last year, according to green policy group Transport & Environment.
What Happened: One in 10 new cars in Europe is projected to be an electric or a plug-in hybrid this year, the Financial Times reported based on the Transport & Environment data.
The momentum is set to continue into the next year, when the market share of electric cars would reach 15%, as per the green policy group.
The projections take into account sales data for the first half of 2020 and the expected increase in numbers as automakers race to meet stricter emissions standards in 2021.
“Next year, one in every seven cars sold in Europe will be a plug-in,” said Julia Poliscanova, Senior Director at Transport & Environment.
Why It Matters: The rules mandate that automakers reduce average emissions to 95g of CO2 per km or they could be fined billions of dollars, noted FT.
Several manufacturers are reportedly not yet compliant but can purchase credits from rivals to avoid the hefty fines.
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk criticized European countries last week on allegations of "funding pollution."
Musk made his comments in response to another Transport & Environment study which indicated that European taxpayers subsidize fossil fuel-guzzling vehicles to the tune of $37.7 billion each year.
The California-based company is the only automaker experiencing growth in Germany so far this year — beating domestic rivals such as Bayerische Motoren Werke AG (OTC: BMWYY) and Volkswagen AG (OTC: VWAGY).
Todd Gordon's Tesla Options Trade
12:15 pm, October 9, 2020
Portfolios: First Watchlist
Tickers: $TSLA
On CNBC's "Trading Nation," Todd Gordon suggested that traders should consider a bullish options trade in Tesla Inc (NASDAQ: TSLA).
He wants to buy the November $450/$500 call spread for about $16. The trade breaks even at $466 or around 9% above the closing price on Thursday and its maximal profit is $34. Gordon wants to limit his losses so he would place a stop loss at 50% of the paid premium.
Tesla trades around $434 per share at the time of publication.
New Tesla Model 3 Refresh Spotted In Fremont
11:33 am, October 9, 2020
Portfolios: First Watchlist
Tickers: $TSLA
The Tesla Inc (NASDAQ: $TSLA) Model 3 has been on sale for over two-and-a-half years. In that time, the car has received minor upgrades and changes like softer seats, better suspension and a heated charging port.
A Thursday report detailed bigger changes coming to the Model 3. Now pictures have been shared showing a newly produced car — and some of the changes to the electric sedan.
Whole Mars Catalog on Twitter was snooping around Tesla's Fremont factory and discovered a new Model 3 fresh off the line with a sticker that shows it was produced Oct. 8.
The car features new, blacked-out trim, as on the Model Y; a new center console; and a different center screen appearance.
The refreshed car is also expected to come with a heat pump and possibly other efficiency improvements.
Alright @elonmusk the jig is up
Now when are you going to tell us what you did to the model 3? pic.twitter.com/UV8XP0Q4Nl
— Whole Mars Catalog (@WholeMarsBlog) October 9, 2020
Benzinga's Take: It's typical for an auto manufacturer to update a vehicle's design every few years.
Although Tesla has kept extremely similar designs on Model S and Model X since their debuts, it is good to see the mass market Model 3 being updated only a few years after deliveries began. While aesthetic improvements will be welcome, customers will really appreciate the increased efficiency and range some of the updates should bring.
Which EV Stock Will Grow The Most By 2025?
8:45 am, October 9, 2020
Portfolios: First Watchlist
Tickers: $NIO $NKLA $TSLA $WKHS $BLNK $FUV $HYLN $SOLO $SPAQ
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
Electric vehicle manufacturers and EV service companies have been in the spotlight for 2020. We recently asked over 800 Benzinga investors and traders which EV stock they believe has the most room to grow between now and 2025.
Best EV Stocks
Over the next five years, which EV stock will have the largest percentage gain?
Tesla Inc (NASDAQ: TSLA)
Nikola Corporation (NASDAQ: NKLA)
Nio (NYSE: NIO)
Hyliion (NYSE: HYLN)
ElectraMeccanica (NASDAQ: SOLO)
Arcimoto (NASDAQ: FUV)
Blink Charging (NASDAQ: BLNK)
Workhorse Group (NASDAQ: WKHS)
Spartan Energy (NYSE: SPAQ)
About 44.5% of respondents told us Elon Musk’s Tesla would experience the largest percentage price per share gain by 2025.
Our Benzinga EV insights team reported Tesla produced 82,727 vehicles in the second quarter — a decrease of 20% sequentially and 5% year-over-year — and delivered 90,891.
Even considering production halts during the ongoing coronavirus pandemic, Tesla told investors it has the capacity to top 500,000 vehicle deliveries in 2020.
Meanwhile, Nio received the second most votes of confidence from readers: 17.2% said they’d back the Shanghai-based EV maker to grow the most by 2025.
With second-quarter revenue of $526,381,000, higher by 139.54% from the same period last year, Nio continues to garner investor’s attention in the EV space.
Where investors and traders told us they are most skeptical: only 2.2% of readers believe ElectraMeccanica will have the largest percentage price per share increase by 2025. Arcimoto drew the least confidence from investors and traders with 1.9% of support.
Looking forward, more news from the EV space remains in store for 2020. Notably, Spartan Energy Acquisition Corp and Fisker are set for an Oct. 28 special meeting to approve a merger, potentially creating a new competitor in the EV market.
At the time of publication, the EV stock from our study trading at the highest price per share is Tesla at $425 per share. The stock trading at the lowest price per share is Spartan Energy at $14 per share.
This study was conducted by Benzinga in August 2020 and included the responses of a diverse population of adults 18 or older.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The order of survey answers were randomized for each respondent. The study reflects results from over 800 adults.
Goldman Sachs Calls General Electric The 'Ultimate Self-Help, Vaccine Leverage Story' 9:44 am, October 9, 2020
Portfolios: First Watchlist
Tickers: $GE
It’s been a rough few years for General Electric Company (NYSE: GE) investors, but the stock got a huge boost on Friday from a major Wall Street firm.
The Analyst: Goldman Sachs analyst Joe Ritchie reinstated coverage of GE with a Buy rating and $10 price target.
The Thesis: In his initiation note, Ritchie said GE is the “ultimate self-help, vaccine leverage story” in the industrial sector. He also believes GE will emerge even stronger in a post-pandemic economy.
Ritchie admitted he might be a little bit early on the timing of his call, but he believes GE’s fundamentals have bottomed and the stock is an excellent buying opportunity at cyclical lows.
“Our base case assumption is that a vaccine will be mass distributed over the next 12 months and, under this scenario, we believe the second derivative improvement on the resumption of air travel will be significant and many of the underlying concerns on GE’s balance sheet will fall to the background,” Ritche wrote in the note.
Goldman is projecting -$3.2 billion in industrial free cash flow for GE in 2020, but Ritchie said FCF will improve as the company’s higher-margin businesses, such as Gas Power Services and Commercial Aftermarket, recover from the downturn.
In fact, Goldman’s industrial FCF projections of $1.2 billion in 2021, $3.6 billion in 2022 and $5.6 billion in 2023 are all ahead of Wall Street consensus expectations.
Ritchie also said the market is underappreciating the potential improvement in GE’s Renewable Energy businesses.
Benzinga’s Take: The timing of the Goldman initiation was much needed for GE investors after the company disclosed it received a “Wells notice” from the Securities and Exchange Commission notifying the company the SEC is considering civil action against the company earlier this week.
However, GE investors are likely growing tired of hearing about how a turnaround is just around the corner after years of underperformance and lackluster cash flow and earnings numbers, and the stock remains a show-me story at this point.
Nio China Headquarters Open In Hefei, EV Maker Completes 1M Power Swaps 11:11 am, October 9, 2020
Portfolios: First Watchlist
Tickers: $NIO
Nio Inc – ADR (NYSE: $NIO) unveiled its Chinese headquarters in Hefei on Friday and also announced a milestone for its battery swap technology.
Nio's New Headquarters Go Online: The official unveiling of Nio China headquarters is a landmark in the development of Nio China, the company said in a statement.
The electric vehicle manufacturer announced in late April definitive agreements with a group of strategic investors for Nio China.
The Hefei Economic and Technological Development Area is where Nio's main manufacturing hub is located.
Its core businesses, including vehicle R&D, supply chain, sales and service and NIO Power are all now operational from the new headquarters, the company said.
Nio, along with JAC, its joint venture partner, has officially started the expansion of the Hefei Advanced Manufacturing Center.
"With the opening of NIO China headquarters, NIO will scale up the Hefei team, deepen the cooperation with local partners, become more deeply rooted in Hefei, and accelerate the development of the company," according to the automaker.
Nio also said it will cooperate with Hefei Charge, a subsidiary of Hefei City Construction and Investment Holding Group, to promote the deployment of battery swapping facilities in 2020 and 2021.
1M Power Swaps And Counting: Nio Power, the company's mobile, internet-based charging solution with extensive battery charging and a power swap facility network, has completed over 1 million power swaps as of Oct. 5, the company said.
This has helped users save over 100 million yuan ($14.9 million) in energy costs, and the users are entitled to lifetime free power swap services, Nio said.
Nio Power has accelerated the development of the power swap network, which now includes 155 power swap stations in China.
The technology is a net positive for Nio, as a government subsidy policy announced in late April envisages that new energy vehicles compatible with battery swapping can continue to enjoy subsidies from 2020 to 2022.
Users of Nio's battery-as-a-service program can take advantage of Power Swap and flexible battery upgrade services, as well as national NEV subsidies and a purchase tax exemption enjoyed by users who have purchased batteries, Nio said.
Nio Power is developing a second-generation power swap station that is expected to come into service next year.
The next-generation station, the company said, will have better performance and an improved user experience.
NIO Price Action: At last check, Nio shares were adding 1.05% to $21.66.
There is no reason to entertain foolishness...
Thank you and I hope you have a great day!
GM Teases Hummer Electric Pickup, Announces Date For Reservations
2:13 pm, October 8, 2020
Portfolios: First Watchlist
Tickers: $TSLA $GM
General Motors Company (NYSE: $GM) has been teasing its electric Hummer reboot since a Super Bowl ad for the vehicle aired in February.
Little has been revealed by GM besides the fact that the vehicle will be GMC Hummer-branded; is all-electric; and some outlines of its shape have been released.
Now GM has released a new video teaser for the electric Hummer, with a preview and reservation date mentioned. Customers can see and reserve the new Hummer Oct. 20, according to GM.
A more detailed outline of the vehicle with visible tires was revealed momentarily in the footage.
This teaser comes just one day after Electrek spotted what it said is an unknown fully electric Cadillac SUV driving with camouflage wrap. Beyond GM's announcement of Cadillac's plans for high-end electric vehicles, nothing is known about this vehicle.
Benzinga's Take: Could GM be revealing multiple cars on the 20th? The claims from the video of the electric Hummer shattering expectations are pretty bold. Hopefully GM can compete with Tesla Inc's (NASDAQ: TSLA) Cybertruck, which is expected to be delivered to customers beginning at the end of 2021 and has a stated range of over 500 miles.
Workhorse Short Seller Says USPS Bid Unlikely To Pan Out
2:57 pm, October 8, 2020
Portfolios: First Watchlist
Tickers: $NKLA $WKHS $DPHC $GM $UPS
A new report out Thursday from short seller Fuzzy Panda Research accuses electric vehicle developer Workhorse Group (NASDAQ: WKHS) of misleading investors.
What The Short Seller Said: “Workhorse rolled a USPS prototype truck down a hill accidently after their parking brake failed causing a union driver to be hospitalized after jumping out of the runaway vehicle,” the report said, comparing Workhorse to accusations recently made about fellow EV company Nikola Corporation (NASDAQ: NKLA) by short seller Hindenburg Research.
The report also compares Workhorse founder and current Lordstown Motors CEO Steve Burns to Nikola founder Trevor Milton. “We discover a copycat entrepreneur who mimics topical ideas, misleads investors, and has decades of destroying investor capital. Burns is NOT the next Elon Musk but certainly might be a much more nefarious version of Trevor Milton," Fuzzy Panda Research said.
Benzinga has contacted Workhorse for comment on the short report.
Workhorse's USPS Bid: By the end of the year, the United States Postal Service is expected to announce the winner of its Next Generation Development Vehicle contract worth $6.3 billion. Workhorse is one of three finalists.
“Workhorse does not have the ability, machinery, or engineering talent to fulfill the USPS contract even if they somehow won,” Fuzzy Panda Research said.
VT Hackney, Workhorse's former partner on the USPS bid, is highlighted in the report as having walked away, as its parent company said the “award would not be material.”
VT Hackney exited the deal for a small amount of cash and equity in Workhorse, the short report said.
The short report said Workhorse prototype vehicles have had performance problems, suspensions breaking on railroads, problems with safety belts, door failures and an employee injury, leading VT Hackney to exit the deal.
Lordstown Motor Discussion: If Workhorse secures any part of the USPS bid, Fuzzy Panda Research said Lordstown Motors will be the only beneficiary.
Workhorse has a licensing deal in place with Lordstown Motors. Workhorse owns 10% of Lordstown and will also receive royalties on each Endurance truck sold.
Lordstown Motors is in the process of going public through a SPAC deal with DiamondPeak Holdings Corp (NASDAQ: DPHC).
Other Takeaways From Workhorse Short Seller: The Fuzzy Panda Research report said former partner United Parcel Service (NYSE: UPS) has removed the Workhorse name from all literature. Competing company Arrival is now working on a UPS contract.
The short seller said they visited two Workhorse locations and saw no security, no automation, no assembly lines and no IP protection. The facilities featured only show units or prototypes, and employees said there were no purchase orders being fulfilled, the report said.
WKHS Price Action: Shares of Workhorse were down in premarket trading Thursday as the report was released. The stock was trading down 2.27% at $23.65 at the time of publication.
The stock is up nearly 700% in 2020.
$TSLA is a Beast!!!
A fool and his money is soon parted.... A foolish person and his rhetoric is sooner ignored...
Sports Betting Site Allows Wagers On Tesla, Rivian, Lordstown In Race For First Electric Pickup 5:15 pm, October 7, 2020
Portfolios: First Watchlist
Tickers: $NKLA $TSLA $WKHS $AMZN $BA $DPHC $F $GM
The race to bring an electric pickup to market is heating up, and now you can bet on it.
The EV Bet: Sports betting site MyBookie is offering odds on the “Race to Deliver All-Electric Pick-Up Truck to Consumers.”
Betting with the current odds ends Oct. 11. The site may issue new odds and allow more betting in the future.
The Electric Pickup Companies: Rivian, funded by Amazon.com (NASDAQ: AMZN) and Ford Motor Company (NYSE: F), leads the way, with current odds of +150 (a $150 payout on a $100 bet) for its R1T. The R1T was slated for release last year, but has now been delayed to June 2021.
Tesla Inc (NASDAQ: TSLA) has the second-best odds for its Cybertruck, at +200.
Tesla is aiming for its Cybertruck to be released in late 2021.
The company’s Gigafactory in Texas, which will make the Cybertruck, is scheduled to be completed in May 2021, which has led some to believe Tesla could be first-to-market.
The Endurance from Lordstown Motors has the third-best odds at +300. The Endurance was highlighted during a recent press event at the White House.
Lordstown Motors is going public via a special purpose acquisition company, DiamondPeak Holdings Corp (NASDAQ: DPHC).
Workhorse Group (NASDAQ: WKHS) owns 10% of Lordstown and will receive a royalty on each truck sold.
Ford has +350 odds for its electric version of the F-150 pickup truck, which is the best-selling truck in America. Ford is constructing a factory to produce the electric truck, with prototypes scheduled for production next year.
General Motors Company (NYSE: GM) has odds of +450 for its Hummer EV.
Bollinger’s B2 has odds of +500.
The Badger from Nikola Corporation (NASDAQ: NKLA) has the worst odds at +1,000.
MyBookie's Other Bets: MyBookie is also offering odds on which organization will be the first to send humans to Mars.
SpaceX is the odds-on favorite with odds of -400. (bet $400 to win $100).
Blue Origin +400 and Boeing Company (NYSE: BA) +500 are the other companies you can bet on along with Space Force, NASA and other countries.
The site is also taking bets on the U.S. presidential election and the upcoming debates.
Benzinga’s Take: Rivian is in the lead in terms of its timeline.
The completion date of Tesla’s Gigafactory gives Tesla the chance to surprise by hitting the market first. These two companies stand out in the lead until they announce otherwise.
Ford could be the company to watch in this area, as its F-150 brand dominates the truck market. It invested in Rivian as part of its push for electric vehicles.
Tesla will dominate by far.... Ford is an old car company that is behind the times...
Excellent addition and this will help with bottom line...
Tesla is going to explode when the new plants come online, if not sooner...
$TSLA
General Electric Analyst Downplays SEC Threat, Shareholder Lawsuits A 'Concern' 12:20 pm, October 7, 2020
Portfolios: First Watchlist
Tickers: $GE
General Electric Company (NYSE: $GE) shares dropped 3.9% on Tuesday after the company disclosed it received a “Wells notice” from the Securities and Exchange Commission notifying the company the SEC is considering civil action against GE.
On Wednesday, one analyst said the Wells notice may not be as bad for the company as it appears at first glance.
The GE Analyst: Bank of America analyst Andrew Obin reiterated his Buy rating and $11 price target for GE.
The GE Thesis: Obin said the SEC appears to be focused on GE’s insurance business, which the company internally reviewed back in 2017. GE issued a $9.5 billion pre-tax charge, and its insurance regulator, the Kansas Insurance Department, signed off on GE’s plan to boost its insurance subsidiaries’ capital levels by $14.5 billion.
“While a negative headline, we view GE as already having taken action here,” Obin wrote in a note.
Related Links: General Electric Analyst Targets $1.5B In Industrial FCF In 2021
Obin said GE could still face a potential SEC penalty from the investigation, but recent civil fines have been minimal. Over the last five years, Obin said the top 5% of SEC civil penalties have averaged $71 million, an amount that would be relatively easy for GE to manage.
A potentially bigger risk could be if the SEC lawsuit triggers follow-up lawsuits by GE investors. GE shares are now down 44.1% in 2020 and 76.2% overall in the past five years. Obin said the potential for shareholder lawsuits would likely be much higher if an SEC settlement forces the company to admit wrongdoing.
Benzinga’s Take: It seems GE’s financial situation is far better than it has been in recent years, and the company’s balance sheet is stable and flexible enough to endure yet another difficult year. However, GE investors are likely growing tired of hearing about how a turnaround is just around the corner after years of underperformance and lackluster cash flow and earnings numbers, and the SEC notification is a reminder that they haven’t yet escaped the ghost of GE’s past.
Totally agree man... $TSLA Energy Battery Power Plants, EV, New Batteries, New Plants coming Online.... Love me some Tesla!
Elon Musk Confirms Gigafactory Berlin Will Use New 4680 Cells, Single Piece Casting, New Paint System
12:12 pm, October 7, 2020
Portfolios: First Watchlist
Tickers: $TSLA
Tesla Inc (NASDAQ: $TSLA) is busy building multiple factories around the world. The next to be completed is estimated to be Gigafactory Berlin, which will produce cars to serve the European market. Now it appears this factor will be more advanced than any Tesla has built before.
Elon Musk revealed on Twitter the Berlin Gigafactory will use the new 4680 cells revealed during Tesla's battery day. This new technology is supposed to make the batteries less expensive while increasing range and safety. The factory will also use single casting for the front and rear, again saving on weight and cost.
Tesla will also have a "new paint system" in place, which will hopefully alleviate some of the complaints of Tesla's paint quality
Berlin will use 4680 cell with structural battery pack & front & rear single piece castings. Also, a new paint system.
Lot of new technology will happen in Berlin, which means significant production risk. Fremont & Shanghai will transition in ~2 years when new tech is proven.
— Elon Musk (@elonmusk) October 7, 2020
With a stellar quarter and good guidance, we may have a chance at new highs. The energy division alone is making big $$$$ and going to be huge if not bigger then Tesla cars... They are beginning to power cities in other countries with their battery storage... Amazing stuff! Next year is going to be great with all the new plants coming online...
$TSLA
$TSLA going to beat the delivery numbers for EOY. 3rd qtr going to be profitable. Tesla is ready and set for the next move... Elon wants to get the 4th payment... $$$$
Tesla Remains 'Misvalued,' Says SPAC King Palihapitiya
5:35 am, October 7, 2020
Portfolios: First Watchlist
Tickers: $TSLA AAPL AMZN AUDVF F FB
Read the full article
Tesla Inc. (NASDAQ: $TSLA) is a disruptive company that goes beyond simply making cars and people continue to “misunderstand” and “underestimate” this business, according to Social Capital CEO Chamath Palihapitiya.
Speaking on CNBC’s “Squawk Box” program, the “SPAC king” said Tesla’s primary value is about “deregulating energy,” and the company will give individuals “the ability to be energy independent” in the near future, with batteries and battery storage in focus.
Disruption Of Utilities Not Far Away: A lot of commentators were left unamused by Tesla’s battery day event last month — but according to Palihapitiya, it was anything but a “dud event.”
“What they showed was a legitimate path...not just for car businesses and for selling cars but frankly for individuals and the disruption of utilities is now I think within two to three years away,” the former Facebook Inc. (NASDAQ: FB) vice president told CNBC.
The updates Tesla gave on battery developments were really “meaningful,” according to Palihapitiya, who has played a key role in driving the recent popularity of special purpose acquisition companies.
“The innovations in the cathode, the innovations at the anode, the innovations in the packaging of batteries…what I can tell you is it was a meaningful leap and innovation these guys presented.”
Increased Competition No Concern For Tesla: Palihapithiya said traditional automakers crowding the electric vehicle space is not something that would concern Tesla.
“I think the people that are trying to compete with them are not the people that they are competing with,” he said in the CNBC interview, adding that the EV maker remains "misvalued."
Palihapitiya noted that people have been speculating about automaker giants overtaking Tesla for years but few of their electric offerings have found success in the market. Audi AG’s (OTC: AUDVF) e-tron, the Jaguar F-Pace, and the line of electric vehicles from the Ford Motor Company (NYSE: F) and Chrysler have all been “duds.”
“The reality is these guys are shipping more and more cars every quarter,” Palihapitiya told CNBC, referring to Tesla. “There is more and more consumer demand, and they have a simplified platform that allows them to scale up at better unit margins than anyone else in the auto industry.”
The Elon Musk-led is going to keep its focus on “energy deregulation” and become one of the most valuable companies in the world in the process, if Palihapitiya is to be believed.
Why It Matters: In an earlier interview with BlockFi's Zac Prince, Palihapitiya expressed a belief that Tesla is set to reach the scale of Apple Inc. (NASDAQ: AAPL) and probably cross Amazon.com Inc. (NASDAQ: AMZN) in valuation.
Speaking at the September Benzinga Boot Camp, the venture capitalist said he learned a process called "First Principles" from Musk, which involved continuously asking the question "why," and unpacking and fixing the problem.
Tesla reported a strong 43.6% year-over-year growth in deliveries for the third quarter globally earlier this month. In Germany, it’s the only automaker to actually see a year-over-year rise in deliveries in 2020 as of September-end, according to the data compiled by Electrek.
Price Action: Tesla shares traded 0.68% higher at $416.80 in the pre-market session Tuesday.
Agreed... $TSLA will be fine. This fell with the overall market due to no stimulus.