Skip to main content

Nasdaq TSLA Tesla

Noteworthy Thursday Option Activity: TSLA, FB, FDX

4 years 10 months ago
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 1.8 million contracts has been traded thus far today, a contract volume which is representative of approximatel

Why Nio Stock Is in High Gear Today

4 years 10 months ago
What happened After opening Thursday on a soft note, electric vehicle stock Nio (NYSE: NIO) swiftly reversed course and jumped 2.7% by 12:25 p.m. ET after an analyst picked Nio as an attractive stock to buy as we enter the new year.

Why Tesla Stock Raced Higher on Thursday

4 years 10 months ago
What happened Tesla (NASDAQ: TSLA) stock revved higher Thursday morning as Wall Street analysts competed to offer increasingly optimistic forecasts for the electric car company's fourth-quarter "deliveries."

Could Rivian Stock Help You Become a Millionaire?

4 years 10 months ago
The auto sector has long been one with very high barriers to entry. But the transition to electric from internal combustion engine has attracted lots of new players and capital to this sector. The entry of young companies with agile operations and a focus on innovation is surely

Tesla Shares Up 7% on Wednesday

4 years 10 months ago

Shares of the largest electric car maker Tesla, Inc. (TSLA) gained 7.5% on Wednesday, after its CEO Elon Musk said he has sold “enough stock” to reach his 10% sale of Tesla's stake. The company regained its $1 trillion market cap status, with shares closing at $1,008.87 on December 22.

The upswing in Tesla stock and a few of the big tech stocks also pushed the S&P 500 (SPX) up 1% on Wednesday.

Musk Says He Sold Enough Stock

Since Musk’s infamous Twitter, Inc. (TWTR) poll on November 6, Tesla stock has lost around 17% of its value. With Musk selling his proposed 10% stake in the company in a phased manner, investors have joined the bandwagon and gone on a selling spree.

However, investors found relief in Musk’s recent interview, where he said, “I sold enough stock to get to around 10% plus the option exercise stuff, and I tried to be extremely literal here.”

The words echoed that the CEO will be halting his stock sale, although he hasn’t yet reached the full 10% stake. The day after the interview, Musk sold another 340,564 shares for $333.6 million, as disclosed in a Form 4 filing with the SEC.

Apart from the comments on the share sale, Musk also shed some light on his decision to move out of California. The CEO said, “California used to be the land of opportunity, and now it is… becoming more so the land of sort of overregulation, overlitigation, over taxation.”

Wall Street View

Yesterday, RBC Capital analyst Joseph Spak reiterated a Hold rating on the stock with a price target of $950, implying 5.8% downside potential to current levels. Spak estimates Tesla will deliver 285,000 vehicles in its upcoming earnings for the fourth quarter.

The Wall Street community is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 13 Buys, 8 Holds, and 5 Sells. The average Tesla price target of $1,004.33 implies that shares are almost fully valued at current levels. Shares have gained 56.2% over the past year.

Insider Trading Activity

TipRanks’ Insider Trading Activity shows that Insider Signal is currently Negative on Tesla, with corporate insiders selling Tesla shares worth $5.9 billion in the last quarter.

Related News:
CarMax Plunges 6.7% Despite Robust Q3 Results
Microsoft Wins EU Antitrust Approval for $16B Nuance Deal
Kellogg’s Workers End Strike

ANALYSIS-How 2021 became the year of ESG investing

4 years 10 months ago
Investors concerned about climate change and social justice had a bumper year in 2021, successfully pushing companies and regulators to make changes amid record inflows to funds focused on environmental, social and corporate governance (ESG) issues.

Tesla Submits Documentation for German Factory – Report

4 years 10 months ago

Tesla (TSLA) has submitted all the necessary documentation needed for the approval of its proposed electric vehicle (EV) factory in Berlin, Germany, according to Reuters. TSLA shares jumped 7.49% to close at $1,008.87 on December 22.

Tesla is a U.S. company that designs, manufactures, and sells EV cars, solar energy generation systems, and energy storage products. It also operates a network of superchargers.

Tesla's German Push

Due to environmental resistance and red tape, the approval process has taken quite some time. It is still unclear whether Tesla will secure approval and when it is likely to roll out its first electric vehicle from the country. A decision on the approval process might come as early as next year.

In the recent past, the electric vehicle giant has had to push back the expected opening of the factory. Chief Executive Officer Elon Musk has also had to travel to Germany numerous times to check up on the regulatory process, which he has criticized for being slow.

The delay in the approval process came on Tesla expanding its original plan to include a battery factory. Consequently, the regulatory process had to undergo a renewed process involving public participation. All the feedback raised from the consultation will be considered when coming to the final decision.

Stock Rating

Last week, Daiwa Securities analyst Jairam Nathan reiterated a Hold rating on Tesla stock and raised the price target to $1,050 from $850, implying 4.08% upside potential to current levels.

Consensus among analysts is a Moderate Buy based on 13 Buys, 8 Holds, and 6 Sells. The average Tesla stock price target of $1,004.33 implies that shares are fully-valued at current levels.

Related News:
Snap’s AR Tech Could Be Great for Metaverse
Should AMC Dip Its Toes in Crypto?
BlackBerry Earnings: Bulls Win, What’s Next?

Checked
10 minutes 37 seconds ago
This feed is responsible for generating the rss feed related to the topic TSLA
Subscribe to Nasdaq TSLA Tesla feed