Barclays Reiterates Underweight Rating on Tesla (TSLA)

Morgan Stanley Reiterates Equalweight Rating on Tesla (TSLA)

Morgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $230.00 price target on Tesla (NASDAQ: TSLA) following the company's 2Q earnings report. Tesla 2Q19 earnings included a substantial miss on gross margins, a reiteration of their FY delivery guidance, and a resignation of CTO,... More

Tesla (TSLA) PT Lowered to $337 at JMP Securities

JMP Securities analyst Joseph Osha lowered the price target on Tesla (NASDAQ: TSLA) to $337.00 (from $347.00) while maintaining a Market Outperform rating following the company's 2Q. Tesla reported results for the second quarter that were generally in line with expectations in terms of... More

Tesla (TSLA) PT Lowered to $350 at Canaccord Genuity

Canaccord Genuity lowered its price target on Tesla (NASDAQ: TSLA) to $350.00 (from $394.00) while maintaining a Buy rating.

Wall Street gives up record high following weak results, Draghi

By Noel Randewich

(Reuters) - Wall Street fell from record highs on Thursday following a flurry of downbeat quarterly results from Ford Motor and other companies and after European Central Bank chief Mario Draghi's comments disappointed investors hoping for a more dovish stance on monetary policy.

The ECB signaled its intention to explore monetary easing but did not cut interest rates, and President Mario Draghi sounded more upbeat on the economy than investors expected.

The Federal Reserve is widely expected to cut interest rates next week to bolster the U.S. economy, even as the... More

Tesla (TSLA) PT Cut to $270 at Nomura/Instinet as Profitability Metrics Underwhelm

Nomura/Instinet analyst, Christopher Eberle, cut the price target on Tesla (NASDAQ: TSLA) to $270.00 (from $300.00) after reporting mixed 2Q19 results with Deliveries exceeding initial expectations meaningfully but Profitability metrics underwhelming. Automotive gross margin declined sequentially and non-GAAP loss-per-share missed revised Street estimates by over... More

Tesla (TSLA) Call Offers 5 Key Takeaways - Morgan Stanley

Morgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $230.00 price target on Tesla (NASDAQ: TSLA) offering 5 thoughts after the company's earnings call:

1) JB Straubel is giving up CTO role, which may overshadow results as the biggest piece of news.

2)... More

STMicro lowers full-year sales guidance as chip market remains volatile

PARIS (Reuters) - Franco-Italian chipmaker STMicroelectronics lowered its full-year sales guidance on Thursday in spite of improved activity in the second-quarter, signaling how the sector remains volatile given trade tensions between the United States and China.

The supplier to iPhone maker Apple (NASDAQ: AAPL) and electric carmaker Tesla (NASDAQ:... More

Old habits die hard: Saudi Arabia struggles to end oil addiction

By Rania El Gamal and Saeed Azhar

DUBAI (Reuters) - When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its boss quickly boarded a company jet in Paris and flew to New Delhi.

Chief executive Amin Nasser arrived unannounced early on April 11, 2018, finalised the agreement and signed it later that day. Negotiators had just finished hammering out the details.

His last-minute flight, after a business trip to France with Crown Prince Mohammed bin Salman, underlined the importance of the deal both to Saudi... More

After-Hours Movers 07/24: (NTGR) (AINK) (MTH) Higher; (ALGN) (SAVE) (TSLA) (more...)

Today's After-Hours Movers

Align Technology (NASDAQ: ALGN) 21% LOWER; reported Q2 EPS of $1.83, $0.32 better than the analyst estimate of $1.51. Revenue for the quarter came in at $600.7 million versus the consensus estimate of $599.38 million. Align Technology sees Q3 2019 EPS of $1.09-$1.16, versus the consensus of $1.44. Align Technology sees Q3 2019 revenue of $585-600 million, versus the consensus of $623.7 million.

Spirit Airlines (NYSE: SAVE) 14.6% LOWER; reported Q2 EPS of $1.69, $0.04 better than the analyst estimate of $1.65. Revenue for the quarter came in at $1.01 billion... More

Tesla needs more time to turn profit; founding engineer steps down

By Alexandria Sage and Vibhuti Sharma

(Reuters) - Tesla Inc (NASDAQ: TSLA) on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company's electric batteries, J.B. Straubel, was stepping down from his role as chief technology officer.

A quarterly loss was deeper than expected, and despite record deliveries in the quarter, revenue came in lighter than analysts' expectations. Moreover, margins - a focus of investors - narrowed in the quarter, adding to Tesla's challenges in delivering profit going... More

Tesla (TSLA) Misses Q2 EPS by 72c, Updates Outlook

Tesla (NASDAQ: TSLA) reported Q2 EPS of ($1.12), $0.72 worse than the analyst estimate of ($0.40). Revenue for the quarter came in at $6.35 billion versus the consensus estimate of $6.41 billion.

OUTLOOK

This quarter, we are simplifying our approach to guidance. We are most focused on expanding our manufacturing footprint in new regions, launching new products and continuing to improve the customer experience, while generating and using cash... More

Tesla (TSLA) call put ratio 1 call to 1.3 puts with focus on July weekly 270 calls, July weekly 260 puts into EPS

Tesla (NASDAQ: TSLA) July weekly call option implied volatility is at 114, August is at 56; compared to its 52-week range of 43 to 86 into the expected release of quarterly results today after the bell. Call put ratio 1.1 calls to 1 put.

Tesla (TSLA) Gains Ahead of Tonight's Print, Up 2%

Tesla (NASDAQ: TSLA) Gains Ahead of Tonight's Print, Up 2%

Tesla (TSLA) call option implied volatility elevated on flat call put ratio into EPS and outlook

Tesla (NASDAQ: TSLA) July weekly call option implied volatility is at 112, August is at 56; compared to its 52-week range of 43 to 86 into the expected release of quarterly results today after the bell. Call put ratio 1.1 calls to 1 put.

Active options: BA CAT TXN GE BYND AMD VZ CMG TSLA MU BABA V

Active options: BA CAT TXN GE BYND AMD VZ CMG TSLA MU BABA V

General Motors (GM) backs off goal to deploy driverless cars this year - Bloomberg

General Motors (NYSE: GM) backs off goal to deploy driverless cars this year - Bloomberg.

Related Stocks:

Tesla (NASDAQ: TSLA)

Tesla (TSLA) Should Beat (This Quarter) as Deliveries Outstrip Production - BofA

BofA/Merrill Lynch analyst John Murphy reiterated an Underperform rating and $225.00 price target on Tesla (NASDAQ: TSLA) noting that the company may exceed low 2Q expectations but expectations beyond 2019 are still too high.

For the quarter however, the company should benefit from the positive... More

Active options: BABA GE MSFT NVDA TSLA MU AMD TEVA ROKU DIS

Active options: BABA GE MSFT NVDA TSLA MU AMD TEVA ROKU DIS

Tesla (TSLA) weekly option implied volatility elevated into quarterly results and outlook

Tesla (NASDAQ: TSLA) July weekly call option implied volatility is at 90, August is at 56; compared to its 52-week range of 43 to 86 into the expected release of quarterly results after the bell on July 24.

Tesla (TSLA) Loss Narrowed By 70% at Citi Ahead of Earnings

Citi analyst, Itay Michaeli, reiterated a Sell rating and $191.00 price target on Tesla (NASDAQ: TSLA) but updated his estimates to include the most recent delivery information ahead of the company's Q2 report on Wednesday after the close. The new Q2 non-GAAP EPS loss estimate... More