Nasdaq TSLA Tesla

What happened Shares of the newer up-and-coming electric vehicle (EV) hopefuls Lucid Motors (NASDAQ: LCID), Rivian Automotive (NASDAQ: RIVN), and Nikola (NASDAQ: NKLA) were falling Monday, down 4.9%, 4.5%, and 11.6%, respectively, as of 12:50 p.m. ET.

The benchmark S&P 500 and the Dow climbed higher on Monday following a choppy week, with investors looking ahead to a highly awaited U.S. inflation report due later in the week that could test the market's sharp recovery this year.

Atlantic Lithium said on Monday the Africa-focused company was confident of getting a lease for a lithium mine in Ghana following the approval of a green minerals policy by the country's government.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. Stocks this morning are moderately higher on optimism that...

Wall Street climbed higher on Monday following a choppy week, with investors looking ahead to a highly awaited U.S. inflation report due later in the week that could test the market's sharp recovery this year.

On August 7, 2023 at 09:49:31 ET an unusually large $4,665.00K block of Call contracts in Tesla (TSLA) was sold, with a strike price of $300.00 / share, expiring in 165 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was

Tesla said on Monday that Zachary Kirkhorn stepped down as its chief financial officer and named Vaibhav Taneja as its new finance chief.

San Francisco may be the symbolic capital of the tech industry, and the hub of next-generation services like artificial intelligence, but when it comes to self-driving cars, city officials are clear: not so fast.

Japan's Sumitomo Metal Mining reported a 73% drop in first-quarter profit on Monday, but lifted its full-year profit outlook by 26% thanks to stronger-than-expected gold prices and one-off gains from a weaker yen.

Electric vehicle (EV) maker Lucid ( NASDAQ:LCID ) is scheduled to announce its second-quarter results after the market close on Monday, August 7. Following a disappointing Q2 2023 deliveries report last month, analysts will now focus on the company’s cash burn, margins, and management’s commentary about demand. Ahead of the Q2 results, Lucid slashed prices of its EVs amid intense competition and a price war triggered by Tesla ( NASDAQ:TSLA ). The company lowered the price its Air Pure sedan by $5,000 to $82,400, with the offer being valid “while supplies last.” Additionally, Lucid reduced the prices of its Touring and Grand Touring models to $95,000 and $125,600, respectively, marking a cut of $12,400 each. Analysts’ Q2 Estimates for Lucid Last month, Lucid reported Q2 2023 production and deliveries of 2,173 and 1,404 vehicles, respectively. These numbers marked a decline compared to the first quarter production and deliveries of 2,314 and 1,406 vehicles, respectively, and sparked concerns about the demand for the company’s EVs due to their high price points and macro challenges. Lucid’s Q2 deliveries also lagged analysts’ consensus estimate of over 1,800 vehicles.   For the second quarter, analysts expect Q2 2023 loss per share to widen to $0.34 from $0.33 in the prior-year quarter. They project revenue to increase to $181.6 million compared to $97.3 million in Q2 2022. Investors are concerned about the growing losses and cash burn. Lucid’s cash and cash equivalents fell to $900 million at the end of Q1 2023 from $1.74 billion at the end of 2022. In early June, Lucid shares declined when the company announced that it was raising capital of about $3 billion, with two-thirds of that amount coming from Saudi Arabia's Public Investment Fund (PIF). It is worth noting that PIF owns more than 60% of Lucid. In July, Bank of America analyst John Murphy resumed coverage of Lucid with a Hold rating and a price target of $8. The analyst reduced his Q2 2023 and full-year earnings before interest and taxes (EBIT) estimates to reflect the weak Q2 deliveries. However, Murphy did not make any significant adjustments to his estimates for 2024 and beyond. The analyst said that he plans to revisit his expectations following additional commentary during the second-quarter earnings call. Is Lucid a Good Stock to Buy? Wall Street’s Moderate Buy consensus rating on Lucid stock is based on three Buys and three Holds. The average price target of $8.67 implies about 31% upside. Shares are down 3% year-to-date. Insights from Options Trading Activity TipRanks now presents options activity to help investors plan their trades ahead of earnings releases. Options traders are pricing in a 14.2% move on Lucid earnings. LCID shares have averaged a (5.4)% move in the last seven quarters. In particular, the stock declined nearly 6% following the Q1 2023 results announcement, as the company reported a wider-than-anticipated loss per share and also missed revenue expectations. The anticipated move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Learn more about TipRanks’ Options tool here. Disclosure

Japanese trading company Sumitomo Corp and Australian lithium developer Liontown Resources said on Monday they had agreed to work together to study producing lithium hydroxide in Japan.

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha

Many tech stocks have performed well in 2023, including Tesla (NASDAQ: TSLA), whose shares are up an incredible 107% (as of Aug. 2). Having a favorable market environment, as evidenced by the Nasdaq Composite Index's 34% rise this year, also helps.

Today, I share the seven best stocks to buy in August 2023, which I believe have significant upside for long-term investors. These stocks are attractive at today's prices and lower, and one is an under-the-radar small-cap stock that could be a hidden gem with 10x potential over t

Electric vehicle maker Lucid cut prices of its Air luxury sedans by as much as $12,400 as part of an offer, it said on Saturday, amid rising competition in the U.S. EV industry and a price war sparked by Tesla.

Electric vehicle (EV) leader Tesla (NASDAQ: TSLA) has been in the news for the wrong reasons of late, as the National Highway Traffic Safety Administration announced on Aug. 1 that it has opened a preliminary investigation into 280,000 units of Model 3 and Model Y vehicles after

In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of July 31. Today's video will focus on the plans for a Tesla Semi charging network, new information about Tesla moving to India, more leaks about the Model 3 refresh called Proj

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

In this podcast, Motley Fool host Ricky Mulvey caught up with Motley Fool Rule Breakers Lead Advisor Tim Beyers and Motley Fool co-founder and Chief Rule Breaker David Gardner to discuss:

The JPMorgan Equity Premium Income ETF’s ( NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider -- the NEOS S&P 500 High Income ETF ( BATS:SPYI) , which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors.  What is SPYI ETF's Strategy? Launched in August of 2022, SPYI is still a relatively small ETF from NEOS with just $218 million in assets under management (AUM) that employs a similar strategy to the much larger JEPI.  NEOS says that SPYI “seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation in rising markets.” NEOS essentially seeks to fully replicate the S&P 500 ( SPX ) and generates its high yield by receiving the dividend payments from its S&P 500 holdings, and then adds to this yield with the distributions generated by its selling of S&P 500 covered call options, which generates a premium. NEOS also touts that the SPYI ETF is tax-efficient in that it uses "SPX index options classified as section 1256 contracts (60% long term/40% short term)." Lastly, NEOS also highlights the fact that its strategy may lead to lower volatility in a "mildly bullish or mildly bearish environment." Is There a Tradeoff? This strategy certainly helps to juice yield, but as with anything in life, there is always a tradeoff. While SPYI mentions the potential for equity appreciation in rising markets, selling covered calls caps this upside at a certain point because if the price of the underlying stock rises beyond the strike price, that's additional upside that SPYI investors miss out on. You can see this play out in real time with the results of SPYI, JEPI, and other similar ETFs. So far, SPYI has generated a great 17% return year to date (as of the end of the most recent month), but the broader market (represented here by the Vanguard S&P 500 ETF ( NYSEARCA:VOO) was actually up an even better 20.6% over the same time frame. Similarly, JEPI also trails VOO with a return of 7.3% year-to-date. SPYI is less than a year old, so it's hard to judge how its strategy will perform over time. However, using JEPI as a reasonable proxy for it, this strategy has also trailed the market over a three-year time frame with a total return of 11.5% versus a 13.7% return for VOO. JEPI is fairly new itself, but using another "S&P 500 covered call ETF" to look at this strategy over time for comparison's sake, we can see that the Global X S&P 500 Covered Call ETF ( NYSEARCA:XYLD) has trailed VOO over the past five and 10 years, with total annualized returns of 4.7% over the past five years and 7.0% over the past 10 years versus far superior returns of 12.2% and 12.6% over the past five and 10 years, respectively, for VOO. None of this is to say that SPYI is a bad ETF or that covered-call ETFs are bad, and these are still pretty solid returns, but it simply illustrates the fact that they have historically tended to leave upside on the table versus simply investing in the broader market. SPYI's Holdings SPYI offers investors ample diversification. It holds 506 stocks, and its top 10 holdings account for 30.7% of its assets. Below, you can take a look at SPYI’s top 10 holdings using TipRanks’ holdings tool.  Because SPYI invests in the S&P 500, its holdings are fairly similar to that of the S&P 500 index itself. Apple ( NASDAQ:AAPL ) is the fund’s largest holding with a 7.6% weighting, followed by the other 'magnificent seven' tech stocks that have led the market to new heights in 2023 -- Microsoft ( NASDAQ:MSFT ), Amazon ( NASDAQ:AMZN ), Nvidia ( NASDAQ:NVDA ), Alphabet ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ), Tesla ( NASDAQ:TSLA ), and Meta Platforms ( NASDAQ:META ).   Overall, this is a very strong group of holdings with some great Smart Scores to boot. The  Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating. As you can see, six of SPYI's top 10 holdings feature Outperform-equivalent Smart Scores of 8 or above. SPYI itself boasts a strong ETF Smart Score of 8. Is SPYI Stock a Buy, According to Analysts? Turning to Wall Street, SPYI has a Moderate Buy consensus rating, as 59.08% of analyst ratings are Buys, 35.42% are Holds, and 5.5% are Sells. At $55.90, the average SPYI stock price target implies 13.2% upside potential. SPYI Has High Fees One clear downside of SPYI is its high fees. SPYI has an expense ratio of 0.68%, which is pretty high. This is a fairly complex strategy, so it is understandably going to be more expensive than a basic index ETF. However, the problem for SPYI is that it is also considerably more expensive than JEPI, which runs a very similar strategy and charges an expense ratio of just 0.35%, essentially half of what SPYI charges.  In year one, a JEPI investor investing $10,000 into the ETF would pay $35 in fees, while an SPYI investor investing the same amount would pay $68. The differences can really add up over the years. Over the course of a three-year investment, assuming that each ETF returns 5% per year and that the fees remain the same as they are now, the JEPI investor would pay $113 in fees, while the SPYI investor would pay $218, which is a meaningful difference to returns over time. Keep in mind that this gap would also grow further over the years. Investor Takeaway SPYI has a lot of positive attributes, but there are also a lot of considerations investors need to make before considering an investment in this high-yield fund. On the plus side, SPYI’s double-digit yield is hard to beat, and its monthly payout schedule is appealing to dividend investors.  On the downside, on a more general level, SPYI’s strategy of selling call options leaves some upside on the table as the market rallies since selling calls caps this upside. On a more specific level, if investors are okay with this tradeoff and still want to invest in SPYI, the question then becomes a matter of SPYI versus JEPI. Both ETFs are appealing, but JEPI has a far lower expense ratio, so an SPYI investor would pay considerably more in fees over time (unless the fee gets lower as the fund gets larger, which is a possibility). So an interested investor would need to weigh investing in SPYI against investing in JEPI. However, I can also see the nascent and much smaller SPYI carving out a niche for itself and serving as a viable investment for investors who love JEPI and its strategy and want to diversify away from it with a similar ETF that would give them another stream of dividend income on a different schedule.  Disclosure