Nasdaq TSLA Tesla

The S&P 500 backed off a five-month peak in a choppy trading on Thursday as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling.

Elon Musk's SpaceX is looking to raise new capital at a valuation of about $44 billion, Bloomberg News reported on Thursday.

(RTTNews) - Tesla Inc. (TSLA) CEO Elon Musk has hinted that production of Tesla Roadster will begin in California within 12 to 18 months.

U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling.

What happened Shares of electric-car maker Tesla (NASDAQ: TSLA) jumped higher on Thursday, climbing as much as 6.1%. Shares, however, pulled back after their initial surge higher. By 10:50 a.m. EDT, the stock was up only about 2%

It is a good time to be an earnings watcher. As you might expect, though, the two most interesting releases came from Twitter and Tesla, and they each had different implications for traders and investors.

The S&P 500 struggled for direction on Thursday, following four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling.

A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".

Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling.

China warned the U.S. to “think carefully" about where the relationship is heading and that it will be forced to respond after the U.S. ordered the shutdown of its Houston consulate.

A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".

Tesla (NASDAQ: TSLA) has been one of the market's best performers since its IPO, but it's one stock I've never been able to get myself to buy. And now that shares are trading over $1,500, it may not ever make it into my portfolio. 

S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data.

Image source: The Motley Fool.

Volkswagen AG, Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday.

Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth.

Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth.

French-Italian chipmaker STMicroelectronics raised its full-year net revenue guidance on Thursday, citing improved market conditions, new products and engaged customer programmes.

French-Italian chipmaker STMicroelectronics raised its full-year net revenue guidance on Thursday, citing improved market conditions, new products and engaged customer programmes.

The Tesla (TSLA) juggernaut stops for no one. The week began with another stellar performance, as Tesla shares surged by 9.5% in Monday July 20’s session.

The reason behind the latest rally? It’s Tesla, is any other reason needed? Joking aside, Monday was a good day all around, with growth stocks in particular on the rise, so that might provide some explanation.

Another explanation for the surge might be this week’s Q2 earnings report. Tesla will release its latest quarterly statement on Wednesday July 22 after market close, and investors might be piling in on the hope that Tesla can deliver another estimate-beating performance.

There’s even more at stake this time around, as a fourth consecutive profitable quarter will finally make Tesla eligible for inclusion in the S&P 500 index – the standard for overall market performance. With a market cap of $290.9 billion, Tesla is currently the largest company ever to not be included in the S&P 500. As an aside, it should be noted that at its current valuation, Tesla is deemed to be worth almost five times more than General Motors and Ford - combined.

Ahead of the report, Wedbush analyst Daniel Ives believes Tesla’s chance of gaining inclusion is “already considered a fait accompli among the bulls.”

Ives, who also thinks Tesla will post a profit, said, “Tesla, facing a dark macro backdrop and COVID storm clouds, has executed flawlessly this quarter, posting 90,000 deliveries and crushing Street expectations in Aaron Judge-like home run fashion. The key focus for investors heading into this print will be: 1) 2Q profitability, 2) China delivery trajectory, 3) Model 3 demand outlook for 2H, and 4) any hints around Battery Day announcements slated for late September.”

For now, however, Ives keeps a Neutral rating on Tesla along with a $1,250 price target. Therefore, the 5-star analyst expects shares to decline by 20%. (To watch Ives’ track record, click here)

According to the rest of the analyst community, there is more downside in the cards. The Street’s average price target is $969.42, which implies shares could drop by 38% over the next 12 months. Based on 6 Buys, 11 Holds and 10 Sells, the analyst consensus currently rates Tesla a Hold. (See Tesla stock analysis on TipRanks)