UPDATE: Tesla (TSLA) PT Lowered to $1,123 at Argus

Morgan Stanley Comments on Tesla (TSLA)

July 25, 2022 4:03 PM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $1,150.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla will exit FY22 at nearly a 2mm annualized run-rate. They should be double that within 2 to 3 years. But size brings complexity in autos and... More

Musk Top Lieutenant Under Scrutiny for Purchase of Hard-to-Get Materials - Report

July 21, 2022 4:31 PM EDT

One of Elon Musks Top Lieutenants Under Scrutiny in an Internal Investigation for the Purchase of Hard-to-get Construction Materials

According to a Bloomberg report, Omead Afshar, one of Tesla (NASDAQ: TSLA) CEO Elon Musk's top lieutenants, who was overseeing the construction and then... More

UPDATE: Tesla (TSLA) Internal Probe Scrutinizes Executive In Office Of CEO - Bloomberg

July 21, 2022 3:58 PM EDT

(Updated - July 21, 2022 4:00 PM EDT)

Tesla (NASDAQ: TSLA) Internal Probe Scrutinizes Executive In Office Of CEO - Bloomberg

Omead Afshar is under scrutiny in an internal investigation for role in a plan to purchase hard-to-get construction materialsAutomaker to part ways with executive Afshar... More

Tesla (TSLA) PT Raised to $410 at JPMorgan, Remains Underweight

July 21, 2022 3:57 PM EDT

JPMorgan analyst Ryan Brinkman raised the price target on Tesla (NASDAQ: TSLA) to $410.00 (from $385.00) while maintaining a Underweight rating.

The analyst comments "Our Underweight rating considers notable investment positives, including a highly differentiated business model, appealing product portfolio, and leading-edge technology, which we believe... More

Active options: TSLA AAPL AMZN SNAP NVDA AMD T META GOOGL

July 21, 2022 3:42 PM EDT

Active options: TSLA AAPL AMZN SNAP NVDA AMD T META GOOGL

... More

Analysis-'Unknowns' delay Tesla's ramp-up of its own cutting-edge batteries

July 21, 2022 3:35 PM EDT

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Tesla Inc is falling short of CEO Elon Musk's target to make its own next-generation batteries, sparking questions over the top electric car maker's ability to maintain its blistering expansion of auto production next year and beyond.

Tesla said on Wednesday it would rely on suppliers to meet battery demand this year, as the necessity of learning new technologies is holding back its plan to boost production of its own batteries.

Tesla is an outlier in its industry - it is the only major automaker that makes batteries itself without... More

Active options: TSLA AAPL AMZN T AMC NVDA AMD PLTR AAL CCL TLRY NIO MSFT

July 21, 2022 9:49 AM EDT

Active options: TSLA AAPL AMZN T AMC NVDA AMD PLTR AAL CCL TLRY NIO MSFT

... More

Pre-Open Movers: One Medical Surges on Amazon Takeover, Carnival Falls on Stock Offering

July 21, 2022 9:11 AM EDT

Pre-Open Stock Movers:

One Medical (NASDAQ: ONEM) 67% HIGHER; Amazon (NASDAQ: AMZN) will acquire One Medical for $18 per share.

Verve Therapeutics, Inc. (Nasdaq: VERV) 13% LOWER; announced that it has commenced an underwritten public offering of $200.0 million of shares of its common stock

Carnival Corporation (NYSE:... More

Credit Suisse on Tesla (TSLA): 'Challenging 2Q ends better than expected'

July 21, 2022 8:07 AM EDT

Credit Suisse analyst Maheep Mandloi reiterated an Outperform rating and $1,000.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "2Q gross margin came largely in-line with consensus given well-documented challenges of the period. While the impacts from the shutdown of Shanghai were... More

Tesla (TSLA) PT Raised to $830 at Wells Fargo

July 21, 2022 7:03 AM EDT

Wells Fargo analyst Colin M. Langan raised the price target on Tesla (NASDAQ: TSLA) to $830.00 (from $820.00) while maintaining a Equal Weight rating.... More

Analysts Remain Positive on Tesla as Profitability is Likely to Improve From Here

July 21, 2022 6:10 AM EDT

Shares of Tesla (NASDAQ: TSLA) are up more than 2% in premarket trading Thursday after the carmaker reported better-than-expected Q2 2022 EPS, although automotive gross margins came in weaker compared to last year.

The carmaker reported adjusted EPS of $2.27, topping the consensus estimates of $1.81, according to Refinitiv. Revenue came in at $16.93 billion, slightly below the expected $17.1 billion. Tesla said $14.6 billion came from automotive revenues, while $1.47 billion and $866 million came from Teslas services and energy business, respectively.

The electric vehicle (EV) maker reported $344 million in automotive regulatory credits revenue in the quarter, down 3%... More

Tesla (TSLA) PT Raised to $1,175 at Mizuho Securities

July 21, 2022 4:12 AM EDT

Mizuho Securities analyst Vijay Rakesh raised the price target on Tesla (NASDAQ: TSLA) to $1,175.00 (from $1,150.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $850 at Berenberg

July 21, 2022 4:06 AM EDT

Berenberg analyst Adrian Yanoshik lowered the price target on Tesla (NASDAQ: TSLA) to $850.00 (from $900.00) while maintaining a Hold rating.... More

Tesla (TSLA) PT Raised to $1,175 at Mizuho Securities

July 21, 2022 4:05 AM EDT

Mizuho Securities analyst Vijay Rakesh raised the price target on Tesla (NASDAQ: TSLA) to $1,175.00 (from $1,150.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Raised to $950 at BofA Securities

July 21, 2022 3:53 AM EDT

BofA Securities analyst John Murphy raised the price target on Tesla (NASDAQ: TSLA) to $950.00 (from $900.00) while maintaining a Neutral rating.... More

After-Hours Movers: Alcoa, CSX, Tesla Gain Following Earnings

July 20, 2022 5:28 PM EDT

After-Hours Stock Movers:

Verve Therapeutics, Inc. (Nasdaq: VERV) 13% LOWER; announced that it has commenced an underwritten public offering of $200.0 million of shares of its common stock

Carnival Corporation (NYSE: CCL)... More

Morgan Stanley on Tesla (TSLA): 'we remain constructive on the stock'

July 20, 2022 5:12 PM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $1,150.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Tesla2Q results were stronger than expected for revs and margin while we remain constructive on the stock and believe demand > supply we are... More

Tesla (TSLA) Sold 75% of its Bitcoin Worth $936 Million

July 20, 2022 5:02 PM EDT

According to the Q2 quarterly update, Tesla (NASDAQ: TSLA) has converted approximately 75% of its Bitcoin purchases into fiat currency during the quarter, which added $936 million of cash to its balance sheet.

In early 2021, Tesla started to invest in Bitcoin after updating its... More

Tesla (TSLA) Shares Up 2% on Better Than Expected Q2 Earnings

July 20, 2022 4:26 PM EDT

Tesla (NASDAQ: TSLA) shares rose around 2% after-hours Wednesday following the companys reported Q2 results, with EPS of $2.27 coming in better than the consensus estimate of $1.86. Revenue grew 42% year-over-year to $16.93 billion, compared to the consensus estimate of $16.52 billion.

Despite facing certain challenges, including... More

Tesla (TSLA) Converted 75% of Bitcoin to Fiat Currency by End of Q2

July 20, 2022 4:15 PM EDT

Tesla (NASDAQ: TSLA) said as of the end of Q2, they have converted approximately 75% of their Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to the balance sheet.

... More

Tesla profit tops target; Musk says high prices could hurt demand

July 20, 2022 4:07 PM EDT

By Hyunjoo Jin and Nivedita Balu

(Reuters) -Tesla on Wednesday reported a smaller-than-expected drop in quarterly profit, helped by a string of price increases for its cars, which Elon Musk later said were "embarrassingly high" and could hurt demand.

Tesla also sold a majority of its bitcoin holdings, which led to smaller-than-expected impairment charges caused by a decline in the value of the cryptocurrency, analysts said.

CEO Elon Musk flip-flopped on a post-earnings conference call, saying at first that macroeconomic uncertainty might have some impact on demand for its electric vehicles, but when pressed for... More

Tesla (TSLA) Tops Q2 EPS by 41c, Offers Outlook

July 20, 2022 4:04 PM EDT

(Updated - July 20, 2022 4:06 PM EDT)

Tesla (NASDAQ: TSLA) reported Q2 EPS of $2.27, $0.41 better than the analyst estimate of $1.86. Revenue for the quarter came in at $16.93 billion versus the consensus estimate of $16.52 billion.

We continued to make significant progress across the business during the second quarter of 2022. Though we faced certain challenges, including limited production and shutdowns in Shanghai for the majority of the quarter, we achieved an operating margin among the highest in the industry of 14.6%, positive free cash flow of $621M and ended the quarter with the highest vehicle production month... More

Tesla (TSLA) Fremont Factory on a 'War Footing' - Chowdhry

July 20, 2022 10:36 AM EDT

The latest Tesla (NASDAQ: TSLA) Fremont factory checks from Global Equities Research analyst Trip Chowdhry, completed on July 19th, showed the factory is on a "war footing" as he noted a "very solid start to the quarter."

Yesterday, CEO Elon Musk congratulated the... More

Tesla (TSLA) July weekly option IV above 100

July 20, 2022 10:10 AM EDT

Tesla (NASDAQ: TSLA) July weekly call option implied volatility is at 105, August is at 66; compared to its 52-week range of 36 to 84 into the expected release of quarter results today after the bell. Call put ratio 1.1 calls to 1 put.

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Tesla (TSLA) stops scheduling solar roof installations in most markets - Electrek

July 20, 2022 9:58 AM EDT

Tesla (NASDAQ: TSLA) stops scheduling solar roof installations in most markets - Electrek

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Tesla (TSLA) July weekly 735 straddle into quarter results

July 20, 2022 4:50 AM EDT

Tesla (NASDAQ: TSLA) July weekly 735 straddle priced for a move of 7% into the expected release of quarter results today after the bell.

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Stocks expected to have increasing option volume: TSLA ABT CROX NFLX T

July 20, 2022 4:22 AM EDT

Stocks expected to have increasing option volume: TSLA ABT CROX NFLX T

... More