TSLA Stories Today

TSLA: 277.45

7.23
Stock Chart

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 Yesterday

TSLA: 270.22

7.06
Stock Chart

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

TSLA: 261.50

-0.55
Stock Chart

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

9to5toys 

TSLA Stories February 27

TSLA: 246.23

-10.77
Stock Chart

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. expand full story

TSLA Stories February 22

TSLA: 273.51

-3.88
Stock Chart

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.  expand full story

TSLA Stories February 21

TSLA: 277.39

5.16
Stock Chart

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. expand full story

9to5mac 

TSLA Stories February 20

TSLA: 272.23

3.28
Stock Chart

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: expand full story

TSLA Stories February 15

TSLA: 279.76

-1.22
Stock Chart

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. expand full story

TSLA Stories February 8

TSLA: 262.08

4.60
Stock Chart

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.  expand full story

9to5google 

TSLA Stories January 19

TSLA: 243.76

5.40
Stock Chart

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. expand full story

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