TSLA Stories April 25

After Tesla’s stock (TSLA) reached new all-time high on strong sales earlier this month, it nudged a few step back over the month, but today it’s back at testing new highs. It was trading at $313 at the time of writing.

Important investors who have been betting against the company are now feeling the pain, but some of them, like famed investor David Einhorn, are holding on to their position. expand full story

TSLA Stories April 21

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”.  expand full story

TSLA Stories April 18

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. expand full story


TSLA Stories April 10

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. expand full story

TSLA Stories April 7

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. expand full story

TSLA Stories April 4

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. expand full story


TSLA Stories April 3

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. expand full story

TSLA Stories March 28

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.” expand full story

TSLA Stories March 27

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. expand full story


TSLA Stories March 17

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.” expand full story

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