Shares of Tesla dropped 2.98% to $838.42 at 14:02 EST on Thursday, following last session’s downward trend. NASDAQ Composite is jumping 1.63% to $13,487.12, after two consecutive sessions in a row of losses. This seems, up until now, an all-around positive trend exchanging session today.
Tesla’s last close was $864.16, 7.39% under its 52-week high of $900.40.
News about Tesla today
Elon Musk says Tesla cybertruck engineering is done, deliveries to start this year ‘if we get lucky’. According to today’s article on Fintech Zoom, “Elon Musk, the carmaker’s CEO, said on an earnings call with investors Wednesday that the the electric pickup’s design and engineering are complete, and that Tesla will start building out manufacturing capacity for it soon.”, “Musk teased the prospect of a Tesla pickup truck for years before the Cybertruck made its debut in November 2019. “
Elon Musk says Tesla has held ‘preliminary discussions’ to license its autopilot software to other manufacturers. According to today’s article on Fintech Zoom, “Musk says Tesla is focusing on improving Tesla’s neural network through 3-D labeling, gathering videos, and labeling elements so that the program can learn.”, “Recently, Waymo CEO John Krafcik said Tesla was “no competition at all” when it came to making autonomous vehicles.”
Musk fails to get Tesla critic’s defamation lawsuit thrown out. According to today’s article on Bloomberg Quint, “In the second, in April 2019, Hothi said he was driving when he spotted a Tesla test car and took photos of it, which he later posted online.”, “In the first, in February 2019, Hothi was confronted by a security guard when he showed up — to do research, he says — at the Tesla sales center in Fremont, California. “
Tesla, lumen technologies, amc: what to watch when the stock market opens today. According to today’s article on The Wall Street Journal, “-U.S. stock futures are down, with the Nasdaq losing 1.2%, led lower by technology companies that reported earnings after Wednesday’s close, including Apple , Tesla and Facebook.”
Elon Musk says self-driving Tesla robotaxis can help justify the company’s $800 billion valuation. According to today’s article on Fintech Zoom, “If Tesla produces $50 billion worth of cars, “it will be like having $50 billion of incremental profit basically from that because it’s just software,” Musk said.”, “Currently Tesla offers customers its “full self-driving” system as a $10,000 add-on, but this does not give the cars the full autonomy required to operate robotaxis, as the driver must keep their hands on the wheel at all times.”
Vw’s EV sales target suggests Tesla gap could close this year. According to today’s article on Bloomberg Quint, “But they’re increasingly setting aggressive goals as Tesla steals more of the limelight, with General Motors Co. announcing Thursday that it will sell only zero-emission models by 2035.”, “Volkswagen AG plans to at least double the share of its sales that are fully electric this year, with the high end of its target range suggesting it could come close to Tesla Inc.’s expected global deliveries.”
Elon Musk said he expects to be CEO of Tesla for the next ‘several years,’ but that ‘it would be nice to have a bit more free time’. According to today’s article on Fintech Zoom, “Musk’s intense workload is likely due in part to his other gig as CEO of SpaceX, a role he held before becoming Tesla CEO in 2008. “, “An analyst from Baird, Benjamin Kallo, asked Musk about a pledge he made a decade ago that he would step down as CEO once Tesla has a mass-market car on the road.”
Gm’s ev-only goal is ‘shot across the bow’ at Tesla: analyst. According to today’s article on MarketWatch, “General Motors Co.’s aiming to offer only electric cars by 2035 and phasing out internal combustion-engine vehicles around that time is a “shot across the bow” at Tesla Inc. and other EV makers amid government tailwinds, analyst Dan Ives with Wedbush said in a note Thursday. “, “With the Biden Green Agenda on the horizon, we believe other automakers could follow GM’s lead domestically with Tesla continuing to run away with market share in this EV arms race,” he added. “
Tesla’s sales growth is 60.1% for the ongoing quarter and 78% for the next. The company’s growth estimates for the ongoing quarter and the next is 295.7% and 150%, respectively.
Year-on-year quarterly revenue growth grew by 39.2%, now sitting on 28.18B for the twelve trailing months.
Tesla’s last day, last week, and last month’s average volatility was a negative 2.19%, a positive 0.33%, and a positive 1.30%, respectively.
Tesla’s last day, last week, and last month’s high and low average amplitude percentage was 3.82%, 3.60%, and 3.80%, respectively.
Tesla’s Stock Yearly Top and Bottom Value
Tesla’s stock is valued at $838.42 at 14:02 EST, under its 52-week high of $900.40 and way higher than its 52-week low of $70.10.
Tesla’s Moving Average
Tesla’s value is way higher than its 50-day moving average of $743.46 and way higher than its 200-day moving average of $490.38.
Previous days news about Tesla
Baird lifts Tesla price estimates and sees potential for musk superstructure with spacex. According to MarketWatch on Monday, 25 January, “Just days ahead of fourth-quarter earnings, Baird lifted its price target for Tesla to $728 per share from $488, saying “bias for the stock remains to the upside,” in a note to clients on Monday. “, “After breaking ground on factories in Berlin and Austin, launching Shanghai operations in earnest, and keeping promises of selling [around] 500k cars in 2020 from years past, Tesla is entering the next stage of its evolution,” said Baird analyst Ben Kallo, who kept an outperform rating on the electric-car maker. “
Tesla loses lead designer of a model Y feature Elon Musk once called ‘some of the best engineering’ he’s seen. According to Fintech Zoom on Monday, 25 January, “Mardall worked at Tesla for a decade, according to his profile, leading the development of the Model Y Heat Pump, which CEO Elon Musk called “some of the best engineering” he’s seen in a while. “, “In the past year, Tesla shares have had a long-winded rally, with analysts at Morgan Stanley predicting the rise will continue as the company increases deliveries and rival electric-vehicle makers fail to keep up.”
Tesla, BMW approved for slice of $3.5 billion EU battery aid. According to Bloomberg Quint on Tuesday, 26 January, “The European Union paved the way for companies including Tesla Inc. and BMW AG to get about 2.9 billion euros ($3.5 billion) of state aid for battery projects that will strengthen the bloc’s position in the race to produce more electric vehicles.”, “The factory Tesla is building in the small town of Gruenheide will be the company’s first in Europe. “
Tesla emissions-credit revenue May boom again in 2021: analyst. According to Bloomberg Quint on Wednesday, 27 January, “Chief Executive Officer Carlos Tavares said last week that the company will have no CO2 compliance issues once Fiat Chrysler’s agreements with Tesla expire.”
Tesla expected to record first full-year profit. According to The Wall Street Journal on Wednesday, 27 January, “Wall Street expects such resilience to help Tesla generate around $1.3 billion in 2020 annual profit when the company posts earnings Wednesday afternoon, according to FactSet, on sales of about $31.1 billion. “, “The 17-year-old company’s performance, coupled with wider investor enthusiasm about electric vehicles, sent the stock soaring more than 700% last year and turned Tesla into the world’s most valuable auto maker. “
Tesla motors, inc. Q4 adjusted earnings miss estimates. According to Fintech Zoom on Wednesday, 27 January, “Excluding items, Tesla Motors, Inc. reported adjusted earnings of $903 million or $0.80 per share for the period.”
Tesla down after disappointing wall street on profit, margin. According to Bloomberg Quint on Wednesday, 27 January, “Investors view this revenue as a double-edged sword because they want to know Tesla can be profitable from its core business: making and selling cars. “
Stocks making the biggest moves after hours: Facebook, Tesla, gamestop and more. According to CNBC on Wednesday, 27 January, “Tesla – Shares of the electric vehicle maker slid 2% after Tesla missed fourth quarter earnings expectations. “
Tesla posts first full-year profit. According to The Wall Street Journal on Wednesday, 27 January, “For 2020, Tesla reported a profit of $721 million on about $31.5 billion in sales; that compares with an $862 million loss and sales of $24.6 billion in 2019. “
Tesla quietly added a new 1,020-horsepower version of the model X to its lineup – the $120,000 ‘plaid’ edition. According to Fintech Zoom on Wednesday, 27 January, “At Tesla’s Battery Day presentation in September, CEO Elon Musk announced details of the Model S Plaid, a 1,100-horsepower version of the sedan that Tesla says will be capable of a 200-mph top speed and a 0-60-mph time under two seconds.”, “It can hit a top speed of 163 mph and sprint to 60 mph in 2.5 seconds, Tesla claims. “
Tesla unveils refreshed model S complete with an airplane-like steering wheel and an extra screen. According to Fintech Zoom on Wednesday, 27 January, “The most striking change is that Tesla ditched the normal round steering wheel found in the Model S and Model X in favor of a racing-inspired, squared-off wheel that doesn’t appear to have any stalks. “, “For the Model S, Tesla eliminated the Performance trim and replaced it with the Plaid version. “