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Tesla’s (TSLA) stock could actually benefit from recalls, but not the ones you are thinking

Tesla Fremont factory 1

If you are wondering how come Tesla’s stock price is performing relatively well in the past week despite all the bad publicity following a recent fatal accident while a Model S driver was using Autopilot, an NHTSA evaluation that could lead to a recall and an important delivery miss for the last quarter, Ihor Dusaniwsky, Head of Research at the financial analytics firm S3 Partners, has an interesting theory explaining the situation.

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Tesla’s stock (TSLA) is rising following reported analyst meeting with management on production

Tesla (TSLA) montreal

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Tesla’s stock price (TSLA) is up over 3% following a new note by RBC analyst Joseph Spak to clients this morning. The analyst recently visited Tesla’s Fremont Factory and met with the management. He came out of the meeting with the impression that Tesla is confident that it can ramp up Model 3 production quickly, which is essential to the company short- to mid-term goals.

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Elon Musk is about to do something weird for a billionaire, pay ~$600 million in taxes

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Earlier this week, Tesla confirmed having closed its recent secondary offering with $1.7 billion in net proceeds to finance its Model 3 production program, but part of the offering was also a significant set of transactions in order for Elon Musk to exercise 5,503,972 stock options and then sell 2,782,670 shares to pay taxes.

In a SEC filing issued last night, Tesla confirmed that Musk sold the shares at $213.22 for a total of just over $593 million. After the transaction, Musk’s stake in Tesla stands at 31,100,644 shares worth just over $7 billion.

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Tesla (TSLA) closed its stock offering with $1.7 billion in net proceeds to finance the Model 3 program

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Just a week ago, Tesla (TSLA) announced a new public stock offering to raise between $1.4 billion to $1.7 billion – depending on the underwriters exercising their option to purchase additional shares – in order to finance its ambitious Model 3 production program.

In a SEC filing today, Tesla confirmed having closed the offering and that the net proceeds were “approximately $1.7 billion, after deducting underwriting discounts and commissions and estimated offering expenses.”

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Tesla’s stock (TSLA) is up after a Goldman Sachs upgrade to ‘buy’ with 22% upside

Tesla (TSLA) montreal

tesla montreal

Goldman Sachs’ analyst Patrick Archambault issued a new note to clients today about Tesla (TSLA) and sees 22 percent upside for the company’s stock, which has been down following its financial results earlier this month and the announcement that Tesla aims to increase its annual vehicle production to 500,000 cars in 2018 – two years earlier than previously planned. 

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Tesla (TSLA) montreal

Tesla’s stock (TSLA) down ahead of earnings, Wall Street weighs in

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Tesla’s stock (TSLA) fell over 3% on Tuesday morning as Wall Street analysts are releasing notes on the company ahead of the financial results tomorrow. To be fair, the whole market is down (NASDAQ -1.15%) and crude oil took a hit (-2.32%), but it is still interesting to know what Wall Street thinks of Tesla going into the earnings.

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Tesla’s stock (TSLA) climbing this morning after a weekend of Model 3 news and reservations

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Tesla’s stock (TSLA) was up over 4% in early trading this morning after CEO Elon Musk spent his weekend answering questions on Twitter about the newly revealed Model 3 and sending out updates about the number of reservations Tesla is accumulating.

Since Tesla unveiled the vehicle last week, 8 financial analysts issued new notes updating their analysis of Tesla’s outlook and currently the general consensus is a “buy”, but with an average price target of $253 – representing only a ~6% upside.

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Tesla’s stock (TSLA) surged after Model 3 unveil and analyst notes with new $500 PT

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Investors and Wall Street analysts are mostly happy with Tesla’s Model 3 event last night and the confirmation that over 150,000 reservations were placed in the last 24 hours – much more than some of the most optimistic predictions. The company’s stock (TSLA) surged about 10% in early trading before settling down to a 3% gain at ~$236 right after the opening bell.

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Let’s talk about Tesla’s stock: Short interest at record high and Musk exercised options before the earnings

tsla stock price

Tesla’s stock price had quite the morning. The stock opened 4% down after notorious Tesla “bull” and Morgan Stanley analyst Adam Jonas published a negative note reducing his target price by 25%, but minutes later the stock went green and up 3% on high volume.

Overall Tesla’s stock is down 17% since the beginning of the year. With the fourth quarter financial results coming (Feb 10), let’s take a moment to talk about the stock.

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Morgan Stanley doubles down on Tesla’s ‘Uber-like’ service – says Tesla should announce plans early 2016

2015-Tesla-Model-S-P85D-consumer-reports-scoreOn Tuesday, Morgan Stanley analyst Adam Jonas issued a new note on Tesla Motors reiterating an “overweight” rating and a price target of $465. Tesla’s stock closed at $248 per share Tuesday – representing a 86% potential upside. In the note, Jonas doubled down on his prediction disclosed in a previous note saying that Tesla will launch a “Uber-like” service to compete in the ride-sharing/taxi market, which he refers to as “Tesla Mobility”.

He said he would be “surprised” if the company didn’t explain their plan for such a service before the unveiling of the Model 3, which is expected in March 2016.

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