TSLA stock

Even though Tesla’s stock price had a tenfold increase over the last five years and it has recently surged to new highs, Elon Musk predicts that it’s only the beginning.

The CEO now “firmly believes” that the stock has the potential for another tenfold increase “over the next five to ten years”. 
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The idea of an all-electric class 8 truck is being met with a lot of skepticism in the trucking industry. With the current status of electric passenger cars barely breaking the 300-mile range, they have difficulties envisioning a truck capable of towing tens of thousands of pounds of cargo and still achieving a decent range.

It’s in this context that Elon Musk announced in a tweet last week that Tesla plans to unveil ‘Tesla Semi’, its all-electric truck, as soon as September 2017. An analyst now warns the industry that they shouldn’t laugh at Tesla’s plan.
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After a major stock price surge over the past few weeks following higher than expected deliveries and an investment by Tencent, Tesla is again reaching new highs today after a new note from research firm Piper Jaffray.

Tesla’s stock is up 2% at a new high of $308 in pre-market trading this morning after Piper’s note set a new price target of $368 per share – the highest price target for Tesla by any major Wall Street firm.
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With all the recent talk about Tesla’s valuation following the company reaching new highs, Barclays’ Tesla analyst, Brian A. Johnson, decided to present the “red pill” view of the company – to use the ‘red pill / blue pill’ analogy from “The Matrix”.

He looked at four points, which he referred to as  “articles of faith that Tesla bulls hold dear”, and looked at them with what he presents as a “reality-based (‘red pill’)” approach.
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Update: as mentioned, the data used was from Google Finance and it now might seems like it’s not accurate. Yahoo Finace shows Tesla’s market cap still being ~$1 billion behind GM’s.

We reported last week how Tesla’s stock price increase following an investment by Tencent led to the company surpassing Ford’s market capitalization.

The company has now surpassed GM’s market cap to become America’s most valuable car company after Tesla started reaching new highs again today.
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As we reported earlier today, the pre-market action on Tesla’s stock indicated that it could be testing new all-time highs, but it was now confirmed after the market opened with Tesla up as much as 5% for a new high of $292 per share.
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Tesla’s stock was up 3% this morning in pre-market trading after the company disclosed through a SEC filing that Tencent, a giant Chinese holding firm, has been accumulating stock in the electric car company for a total 5% passive stake worth over $2.2 billion at the current price.

Tesla CEO Elon Musk said that he is “glad to have Tencent as an investor and advisor to Tesla.”
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Tesla’s stock recently gained in value while Ford’s took a tumble and today it resulted in Tesla’s market capitalization surpassing Ford’s for the first time. Tesla closed at $45.47 billion today while Ford is now worth $45.35 billion, according to Google Finance, despite the latter selling 30x more cars in the US alone than the former delivers globally.

It is sure to create a debate in the auto industry and on Wall Street, but ultimately it doesn’t really matter since Tesla is not really just an automotive company anymore.
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Tesla confirmed today in a SEC filing that it closed its capital raise announced earlier this week. The underwriters increased the amount of equity and convertible notes to $1.2 billion. As reported last week, Tesla says that the proceeds from the offerings will help the company “strengthen its balance sheet and further reduce any risks associated with the rapid scaling of its business due to the launch of Model 3, as well as for general corporate purposes.”
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Going into its financial results last week, Tesla’s stock was nearing new all-time highs, but the announcement that the company was considering a new capital raise spooked some investors and it continues today in pre-market after Goldman Sachs released a note to clients.

The firm expects that the Tesla Model 3 will be late and that the automaker will have to go to the market to raise capital by the end of the year.
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After market close today, Tesla released its financial results and shareholders letter for the fourth quarter and full year 2016. Wall Street was expecting revenue of $2.201 billion for the quarter and a loss of $0.13 per share, but the company delivered higher on revenue of $2.284 billion and missed on earnings with a loss of $0.78.

For the full year 2016, revenues were up 73% from 2015 at $7 billion. 
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Wall Street and Main Street are looking at Tesla this week as the company will be releasing its financial results for the fourth quarter 2016 and full year 2016 financial results tomorrow.

As the stock keeps testing new highs in the past few weeks, there’s a clear divide between how retail investors and Wall Street are valuing the company at the moment.
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Tesla (TSLA) is set to release its fourth quarter 2016 and full year 2016 financial results on Wednesday, February 22 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).

Now here’s what to expect on Wednesday:
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While industry watchers are questioning the current surge in Tesla’s stock price as it reaches new highs and surpasses bigger automakers like Nissan, billionaire investor Ron Baron says it’s only the beginning.

Baron, a large investor in the company, sees a path to Tesla becoming a trillion-dollar company within the next 10 years or so.
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Tesla and SolarCity were already making the list of the most shorted stocks on the NASDAQ and naturally, Tesla is still on that list now that the companies have merged. Wall Street has now increased its bet against Tesla to a record-breaking $9 billion and they are paying the price now that the company’s market capitalization is reaching a new high. 
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Morgan Stanley’s analyst Adam Jonas is one of the few analysts covering Tesla capable of moving the needle with his commentary on the company, which he did this morning.

Tesla’s stock surged 4% in pre-market trading after Jonas issued a new note in which he is much more optimistic about his delivery estimates for the Model 3 and it resulted in an upgrade to an ‘outperform’ rating and a price target of $305.00 – up from $242.00.
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Baird analyst Ben Kallo is closing the year on a very positive note for Tesla. The analyst, who has been covering Tesla for the past 3 years, named the company’s stock his”top pick” for the next year. He believes ‘Tesla Energy’ is not currently priced into the stock and he sees potential for Tesla to beat expectations for the Model 3 in 2017.
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After the Christmas break, the markets reopened today and Tesla was among the top movers thanks the announcement that they signed a deal with Panasonic to invest over a quarter of a billion dollar in the manufacturing of solar cells and modules at Tesla’s factory in Buffalo.
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With the end of the quarter coming, analysts covering Tesla are coming out with notes about their expectations and some of them got to meet with Tesla’s Vice-President of Investor Relations, Jeff Evanson, to help them better understand the company’s performance in the fourth quarter.

Pacific Crest’s Brad Erickson and Elliot Arnson came out of the meeting with the impression that the Tesla Model 3 is “on track” to launch in the second half of 2017, but they are more cautious about Tesla’s short-term performance.
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Without any exceptionally good news for the electric automaker this morning, Tesla’s stock (TSLA) surged almost 5% within the first hour of trading – trending significantly higher than the market or the automotive industry (though Tesla is becoming much more than an automotive company, so maybe it shouldn’t be compared directly).
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Last month, we reported that top Tesla analyst and one-time ‘Tesla Cheerleader‘ Adam Jonas from Morgan Stanley believes the Model 3 will be over a year late. Today, he released a new note explaining his belief in more detail and how it plays into his vision of Tesla using the vehicle program to finance its “bigger mission to accelerate the development of a highly safe and efficient transport utility.”
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