TSLA stock

All the information Tesla dropped on investors and analysts this week with their third quarter financial results is being processed by the market right now, and the market unsurprisingly doesn’t like it.

Tesla’s stock (TSLA) took a 7% hit down to $300 per share yesterday, but beyond Tesla’s quarterly results, it looks like the announcement that the GOP plans the remove the $7,500 federal tax credit for electric cars also hurt the stock a lot.

Here’s what you need to know:
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After market close today, Tesla released its financial results and shareholders letter for the third quarter 2017. Wall Street was expecting record revenue of about $2.9 billion for the quarter and a loss of about $2.45 per share due to large capital expenditure caused by the slow start of Model 3 production.

The company released the official results today delivering on revenue of ~$2.9 billion and missed on earnings with a loss of $3.70 per share (GAAP).
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Tesla (TSLA) is set to release its third quarter 2017 financial results on Wednesday, November 1 after market close. As usual, the release of the results will be followed by a conference call and Q&A with Tesla’s management at 2:30pm Pacific Time (5:30pm Eastern Time).

Here we take a look at what both the street and retail investors are expecting for the quarterly result.
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Tesla saw its stock (TSLA) rise this morning after falling back from new highs last month. The jump is attributed to Morgan Stanley raising its price target on the automaker’s stock after analyzing its EV infrastructure, which the firm sees as an advantage over other electric vehicle makers.
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After a few setbacks since its last stock price (TSLA) all-time high of June 2017 that made Tesla one of the most valuable automakers by market capitalization in the world, the electric car and energy company is now back to pushing new all-time highs today.
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After Baird Equity Research’s Ben Kallo updating his Tesla (TSLA) stock price target with Model 3 deliveries, now Morgan Stanley’s Adam Jonas follows with his own update today.

The analyst also had to increase his delivery expectations for the Model 3 after Tesla launched the production version of the all-electric sedan a few weeks ago.
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Tesla’s stock (TSLA) gained in pre-trading this morning after an analyst issued a new note warning short sellers that the Model 3 production ramp is not a good time to bet against Tesla. 
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Tesla announced on Monday that they are raising $1.5 billion in debt in order to fund the expansion of Model 3 production.

Now we learn that their bonds were oversubscribed by $300 million – bringing the total raised to $1.8 billion.
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Tesla’s stock price had one of its best days in a long time (up over 6%) following Tesla’s earning results, which beat expectations on several important metrics.

But more importantly, analysts are now changing their expectations on Model 3 and shorts who bet against Tesla are starting to give up.
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After market close today, Tesla released its financial results and shareholders letter for the second quarter 2017. Wall Street was expecting revenue of about $2.5 billion for the quarter and a loss of about $1.94 per share.

The company released the official results today delivered higher on revenue of ~$2.8 billion and missed on earnings with a loss of $2.04 per share (GAAP).
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After hitting several new all-time highs over the last month, Tesla’s stock (TSLA) has now tumbled back below $350. It went down another 5% this morning after a new note from Goldman Sachs.

Analysts have been assimilating Tesla’s second quarter delivery numbers over the last few days and now Goldman Sachs is sharing its opinion, which seems to be having a strong impact on the market.
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After market close today, Tesla announced that it increased its asset-backed line by $625 million with an option to obtain up to $175 million of additional incremental commitments.

The move comes as Tesla’s cash needs are increasing ahead of the several expansions needed to launch Model 3 production and support its growing fleet. 
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Morgan Stanley analyst Adam Jonas, one of the most influential analysts covering Tesla (TSLA), is out with a new note to clients today.

In the note, he is rethinking the rationale behind Tesla’s growing valuation by comparing it to Waymo, Alphabet’s self-driving car company, and aligning it to a potential successful launch of the Model 3. 
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Investors seem to like what Tesla CEO Elon Musk had to say at the 2017 shareholder meeting yesterday because the company’s stock price is again surging to new highs.

As the company’s revenue and valuation keep rising, Tesla was added to the Fortune 500 list, which was updated today.
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When you are the CEO of a company walking on stage in front of hundreds of your shareholders, as CEOs do during their annual shareholders meeting, it’s always a plus if your stock is doing well. It’s even better if it just hit a new all-time high.

That’s exactly what is happening with Tesla.

The automaker’s stock just hit a new all-time high of $347 just as the company is about to hold its annual shareholder meeting tomorrow.
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Over the past few months, Tesla’s valuation surged past Ford and GM and it surged again to new highs over the past two days.

Morgan Stanley explained in a new note today that investors are now not only looking at Tesla as a simple automaker but as a tech company “at the nexus of shared, autonomous and electric transportation.”
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For the third time over the past month, Tesla’s stock is reaching new highs today at over $330 per share – bringing the valuation of the company to over $54 billion.

Tesla’s short-term success is tied to the delivering and ramping up production of the Model 3 on time and as it gets closer to the scheduled start in July, investors seem to be encouraged by what they are seeing.
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Most industry watchers agree that Tesla’s short term success is linked to a successful launch and ramp up of Model 3 production.

In a new note today, Baird analyst Ben Kallo highlights what a successful launch could do for Tesla’s valuation, which he sees surging to over $80 billion at ~$500 per share.
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After a run to almost its all-time high last week, Tesla’s stock had a 3% setback in pre-market trading this morning after Adam Jonas from Morgan Stanley, one of the most followed auto industry analysts when it comes to Tesla, downgraded the stock following its first quarter results.

Jonas downgraded the stock to “Equalweight” since its run to $325 made it past his $305 price target. The analyst also warns investors that Model 3 deliveries could be much lower than anticipated in 2017 and 2018.
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In this week’s top stories: TSLA earnings, Tesla Model Y details, Model 3 reservation data, more Gigafactories, and the latest solar and energy news. 
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After market close today, Tesla released its financial results and shareholders letter for the first quarter 2017. Wall Street was expecting record revenue of $2.5 billion for the quarter and a loss of $0.16 per share.

The company delivered higher on revenue of $2.7 billion and missed on earnings with a loss of $1.33 (non-GAAP).
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