Tag: analyst
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Tesla shares surge 10% to record high after 2nd-quarter deliveries beat estimates (TSLA)
Tesla shares continued its winning streak on Thursday after the company announced Q2 delivery statistics which beat analyst estimates. Tesla delivered 90,650 vehicles vs analyst estimates for 83,000. The company’s production rates were down 20% because of COVID-19 stopping production at its Fremont factoryoutlet. Generation at its Fremont mill has been ramped up back into…
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Why one analyst thinks Tesla’s Model Y could ‘ultimately cannibalize’ some Model 3 sales (TSLA)
AP Photo/Jae C. Hong Tesla is due to start deliveries of its Model Y vehicle in March 2020. “A key question is whether Model Y demand will ultimately cannibalize Model 3 volumes,” analyst Toni Sacconaghi of Bernstein wrote in a note Tuesday. He added that some softness in Model 3 earnings will spook investors near-to-medium…
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Tesla focuses on service with 25 new service centers in Q2, rate of new openings to ‘increase’
Tesla is utilized to aggressively ramp up the rate at which it opens new service centers, according to CEO Elon Musk’s advice on the company’s Q2 2019 earnings forecast. In general, Tesla opened 25 new service centers throughout the quarter, and additional 100 new service vehicles to its existing fleet — which is compared to…
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The Week That Finally Burst The Tesla Stock Bubble
It was a week that Elon Musk will wish to forget: after a chorus of skepticism about Tesla from the same analysts that have been bullish on Musk and the automaker for decades, the Tesla stock bubble is formally bursting, based on Bloomberg. The week started with Wedbush proclaiming that the business faces a”Kilimanjaro-like uphill climb”…
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Despite declines for the quarter, Tesla is bullish on its overall energy business
Even as its solar company declined in step with its overall earnings, Tesla is bullish on the prospects for the energy side of its business over the course of this year. The energy company is an unheralded part of Tesla — overshadowed by its headline-grabbing (and much larger) auto exploits — that chief executive Elon…
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Tesla’s Future Prospects, From the Bull and Bear Perspectives
Image Credit: Shutterstock.com Tesla achieved record EV production and delivery results in its own just-completed third quarter. The electric automobile leader released its third quarter figures on Tuesday and the statistics are impressive — with a total of 83,500 automobiles delivered and 80,142 automobiles constructed in Q3. This 's 55,840 Model 3 autos delivered (up from 28,578…
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Tesla needs capital and Detroit needs to innovate — here’s how a partnership could help both sides, according to a Wall Street analyst (TSLA)
REUTERS/Noah Berger Conventional automakers will”struggle to disrupt themselves” Morgan Stanley said Thursday. At exactly precisely the exact identical time, Tesla desperately needs their own manufacturing experience and access to capital. A partnership could be a match made in heaven, analyst Adam Jonas theorizes. Follow Tesla’s stock price in real time here. Tesla desperately needs access…