Europe Is Building the Next Tesla. Who Knew?
(Bloomberg Opinion) — When Nikola Corp. started trading on Nasdaq in June, the Phoenix-based clean transportation company raced quickly to a valuation of almost $30 billion. Its market worth has since fallen to a more reasonable $10.5 billion, but…
Test a Tesla or Buy a Bolt With Help From Your Electric Company
(Bloomberg) — Power companies are loaning out Teslas in Washington, electrifying bus fleets in Virginia and lobbying for electric vehicle tax credits on Capitol Hill. San Diego Gas & Electric Co. even went so far as to help train salespeople on…
The 400% Tesla Rally Was Only The Beginning Of The EV Boom
The fate of the $2-trillion auto industry is now sealed: In this double disruption that’s defying the global pandemic, Tesla (NASDAQ:TSLA) has gained over 433%, sailing past a $1,500 share price and a $300-billion valuation. And absolutely everyone tied…
Tesla Shares Sag as Analyst Flags ‘Mind-Boggling’ Valuation
(Bloomberg) — The rally that made Tesla Inc. bigger than Toyota and Volkswagen better befits a technology company than a car maker, and buying the stock now is probably a mistake for anyone but day traders, an analyst said Tuesday in downgrading…
Musk’s Tesla Benefited From Stimulus, But He Opposes More Now
(Bloomberg) — Elon Musk, whose Tesla Inc. was a major beneficiary of government stimulus in the wake of the last global financial crisis, has soured on the concept. The outspoken chief executive officer of both Tesla and U.S. government contractor…
Teflon Tesla? Elon Musk Qualifies for a $2.1 Billion Payout as Stocks Continue to Rally
Click here to read the full article. The economy may be in dire straits for most, but not so for Elon Musk. The Tesla CEO just received a major payday––and it happens to be the largest of its kind. Due to yet another in a long string of stock surges for…
Tesla, Microsoft, Chipotle and Whirlpool
For Immediate Release Chicago, IL – July 23, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks…
Tesla Growth Is Musk’s Goal After Profit Opens Path to S&P
(Bloomberg) — Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough. The positive quarterly earnings Tesla reported Wednesday were…
Tesla reports $104m profit in second quarter of 2020 as ‘ridiculous’ market valuation soars
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai: AFP via Getty Images Tesla has posted a second-quarter profit for its fourth quarter in a row, with a net profit of US$104 million (approximately £81.9…
Tesla, posting a crucial profit, unveils Austin factory plan
With Tesla crossing a key financial milestone and enjoying a dizzying climb in the value of its stock, the company is treating itself to a splurge: a new factory. After months of speculation and unconfirmed reports, Chief Executive Elon Musk previewed…