Did One of Tesla's (TSLA) Model S Sedans Spontaneously Catch Fire?
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Tesla (TSLA) Fire May Increase Regulatory Scrutiny, Unlikely to Derail Orders - Analyst
October 3, 2013 9:56 AM EDTShares of Tesla Motors (NASDAQ: TSLA) declined on Wednesday after it was learned that a Model S battery caught fire after crashing into an object in the road. Despite recent volatility, in the view of Wedbush analyst Craig Irwin, the headlines are unlikely to derail orders or delivery, although they may lead to heightened regulatory scrutiny.
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Tesla (TSLA) Model S Fire Changes Everything and Nothing at All
October 3, 2013 7:51 AM EDTDespite some vigorous analyst defense this morning, shares of Wall Street darling Tesla (NASDAQ: TSLA) remain under pressure as details of the recent Model S fire come to light. After dropping 6.2% on Wednesday, shares are down another 3.2% in pre-open trade Thursday.
Tesla confirmed the fire Wednesday near Seattle, saying it was contained to the front of vehicle and never entered the interior cabin. It was caused by a "direct impact of a large metallic object to one of the 16 modules within the Model S... More
Tesla (TSLA) Model S Fire Doesn't Change Bullish Thesis - Deutsche Bank
October 3, 2013 7:24 AM EDTDeutsche Bank analyst Dan Galves reiterated a Buy rating and $200 price target on Tesla Motors (NASDAQ: TSLA) amid news of a Model S fire. The firm said the fire was bound to happen and doesn't change his thesis.
"Although Tesla has not completed a full analysis of the incident, they do believe that the battery pack was damaged in some way and was the cause of the fire," Galves noted. "We expect that... More
Tesla (TSLA) Continues Lower Following Analyst Downgrade, Note Conversion Chatter
October 2, 2013 3:06 PM EDTTesla Motors, Inc. (TSLA) still can't get any legs Wednesday following the Baird downgrade earlier and speculation of a potential convertible note conversion hitting the stock. Shares are down nearly 8 percent, making it the steepest drop for the automaker since July 16st.... More
Possible Convertible Note Conversion Pressures Tesla (TSLA)
October 2, 2013 12:44 PM EDTIn addition to today's downgrade at Baird, weakness today in Tesla (NASDAQ: TSLA) could be related to a past $660 million convertible notes offering which may now be convertible into approximately 5.3 million shares. Shares of TSLA are down 3.8% mid-day.
Details of the 2013 convertible notes offering and hedge from 10-Q:
In May 2013, we issued $660.0 million aggregate principal amount of 1.50% convertible senior notes due 2018 (Notes) in a public offering.... More
Tesla Motors (TSLA) Moves to Session Lows
October 2, 2013 12:12 PM EDTTesla Motors (NASDAQ: TSLA) moves lower on volume. Shares are now down 3.3 percent.... More
Tesla (TSLA) Stock Price Reflects 'Flawless Execution'; Baird Downgrades to Neutral
October 2, 2013 6:34 AM EDT(Updated - October 2, 2013 8:06 AM EDT)
Baird downgraded Tesla Motors (NASDAQ: TSLA) from Outperform to Neutral with a price target of $187 (unchanged). Analyst Ben Kallo believes the stock's price limits upside in the near term and reflects "flawless execution."
"Since our initiation report, TSLA has significantly... More
