(Bloomberg) — Tesla Inc. delivered fewer vehicles than analysts expected last quarter, missing estimates despite taking the unusual step of offering hefty incentives in its two biggest markets. The company handed over 405,278 vehicles to customers in the last three months, short of the 420,760 average estimate compiled by Bloomberg. While the total was a […]
Read More(Bloomberg) — Tesla Inc. shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap. But would-be bargain hunters may want to take a closer look. Even after this year’s record 65% drop, the electric-car […]
Read More(Bloomberg) — Investors betting against Tesla Inc. are getting the big bonanza they have been waiting for, with the electric-vehicle maker set to record its worst annual performance on record. Short sellers in the company — or bearish investors who stand to gain when an asset’s price falls — are poised to reap mark-to-market profits […]
Read More(Bloomberg) — Even the worst year ever for Tesla Inc. shares hasn’t shaken individual investors’ faith in the electric-vehicle maker and its billionaire chief executive officer, Elon Musk. Such retail traders have continued piling into the shares, data from Vanda Research show. In fact, they’ve been strong buyers every day this month, driving their net […]
Read More(Bloomberg) — The tailspin in Tesla Inc. shares accelerated Tuesday as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks and put the stock on pace for its longest losing streak since 2018. Shares of the Elon Musk-led company fell about 4% to $118.01, for a […]
Read More(Bloomberg) — After losing nearly $300 billion in market value in two months, a growing chorus of Tesla Inc. analysts say the share-price decline has gone far enough. Morgan Stanley analyst Adam Jonas said on Wednesday that Tesla is approaching his “bear case” price target of $150, presenting an opportunity for investors to buy at […]
Read More(Bloomberg) — The rapid selloff in Tesla Inc. shares has left most price targets from ever-bullish Wall Street analysts seemingly obsolete. The yawning gap means Tesla shares need to rally a whopping 80% to hit the median analyst target price — the second widest on the Nasdaq 100 Index, just behind Baidu Inc. The Elon […]
Read More(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc. Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The filings didn’t indicate that the transactions were […]
Read More(Bloomberg) — Tesla Inc. erased all of its gains from the past 17 months as investors continue to sell off the stock in the wake of Chief Executive Officer Elon Musk’s purchase of Twitter Inc. The electric-vehicle maker’s shares closed down 5% to $197.08 in New York Monday, at the lowest level since June 2021. […]
Read More(Bloomberg) — When the oil market liberalized in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich made fortunes by connecting buyers and sellers and surfing the price swings of this newly tradable commodity. Half a century later, some of Rich’s spiritual descendants are hoping to pull off a similar […]
Read More(Bloomberg) — Tesla Inc. was one of the biggest laggards in the S&P 500 Index on Monday, and options traders are betting the stock could drop further before the weekend. A put contract with a Friday expiration and a strike price of $200 was the most-traded contract for Tesla on Monday and among the 15-most […]
Read More(Bloomberg) — Tesla Inc. reported third-quarter sales that fell short of Wall Street estimates, citing the US dollar’s growing strength, along with production and delivery bottlenecks. Revenue rose to $21.5 billion, the company said in a shareholder letter Wednesday, compared with analysts’ projections of $22.1 billion. Profit excluding some items rose to $1.05 a share, […]
Read More(Bloomberg) — Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. The electric vehicle-maker’s shares closed down 7.6% to $204.99 on Friday, taking its market capitalization to $642 billion. The decline has now sliced in half […]
Read More(Bloomberg) — Tesla Inc. shares dropped in early trading after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles that were on their way to customers as the quarter came to a close. The maker of Model 3 sedans and Model Y crossovers handed over 343,830 vehicles to […]
Read More(Bloomberg) — While Elon Musk has plenty of Wall Street detractors, Scott Burg may be the first distressed-bond manager to make a multibillion-dollar options bet that Musk’s Tesla Inc. will be “squashed like a bug.” Burg, the chief investment officer of Deer Park Road Management Co. who made the prediction in a 2020 tweet, acquired […]
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