Tesla (TSLA) Losses Steam as Investors Brace for Capital Raise
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Tesla's (TSLA) Price Target Raised to $290 at Deutsche Bank; 'Hold' Rating Maintianed
May 5, 2016 1:12 PM EDTDeutsche Bank maintained a Hold rating on Tesla Motors (NASDAQ: TSLA) but boosted its price target to $290.00 (from $280.00). The change follows the release of Q1 results. Analyst Rod Lache called Q1 results "a bit light" but he noted that the most important development was the company's steepened growth plan.
Lache explained, "Tesla now targets 500,000 units of annual production by 2018, 2 years earlier than previously planned. On their call management also suggested that they hope to sustain a 50% growth rate, which would... More
Tesla's (TSLA) Q1 Full of Positives, Negatives; Stifel Remains Bullish on Long-Term Execution
May 5, 2016 11:39 AM EDTStifel affirms its Buy rating and $325 price target on Tesla Motors (Nasdaq: TSLA) following Q1 results and outlook offered on Wednesday night.
Analyst James Albertine commented: We found virtually equal parts risk and reward in the 1Q16 results and management commentary.
On the positive side: (a) Model 3 orders do not appear to have cannibalized Model S demand (Model S orders rose +45% y/y in 1Q16), (b) sequential improvement in Model S ASP growth defies typical... More
Tesla (TSLA) PT Raised to $338 at Baird
May 5, 2016 6:20 AM EDTBaird analyst Ben Kallo reiterated an Outperform rating and raised his price target to Tesla Motors (NASDAQ: TSLA) to $338.00 (from $300.00) following in-line Q1 results.
"Importantly, TSLA resolved most of its Model X production issues, reiterated its FY:16 delivery target, and expects... More
Tesla puts pedal to the metal, 500,000 cars planned in 2018
May 4, 2016 4:14 PM EDTBy Kshitiz Goliya and Alexandria Sage
(Reuters) - Tesla Motors Inc (NASDAQ: TSLA) said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in tandem.
The company, which three months ago aimed to make a net profit in the final quarter of this year, gave no profit target on Wednesday and said capital spending would rise about 50 percent more than previously forecast this year, to around $2.25... More
UPDATE: Tesla (TSLA) Tops Q1 EPS by 3c; Plans Q2 Production of ~20,000 Vehicles
May 4, 2016 4:05 PM EDT(Updated - May 4, 2016 4:07 PM EDT)
Tesla (NASDAQ: TSLA) reported Q1 EPS of ($0.57), $0.03 better than the analyst estimate of ($0.60). Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.6 billion.
In Q1, we reached a new quarterly production record of 15,510 vehicles, up 10% from Q4. Q1 Model S production of 12,851 vehicles met plan, but Model X production of 2,659 vehicles was insufficient to meet our projected level of deliveries. Our Q1 delivery announcement explained the Model X production challenges and the reasons for them. We are making significant progress in increasing production... More
