Tag Archives: nvda

Tesla Stock Falls As Citron Shorts; IBD 50 Car Chips Gain

Tesla Motors ( TSLA ) stock wiped out an early gain Tuesday to close down almost 3% as short-selling outfit Citron Research panned the electric-car maker, ahead of the planned March 31 introduction of its mass-market Model 3. Meanwhile, chipmakers on the IBD 50 list that work in the connected cars field gained. “Citron shorting $TSLA,” Citron said in an afternoon  Twitter ( TWTR ) tweet. “Supply AND demand problems should take down to $100 by years end. News flow all around does not look good for stock.” Citron shorting $TSLA Supply AND demand problems should take down to $100 by years end. News flow all around does not look good for stock — Citron Research (@CitronResearch) March 1, 2016 Tesla stock had been heading up to meet its 50-day line this week, just about touching it before the Citron report, but the electric-car maker holds a low IBD Composite Rating of 22 out of a possible 99. Meanwhile, on Tuesday, Tesla tweeted about how the MIT Technology Review has now ranked its Autopilot self-driving system among the top 10 Breakthrough Technologies of 2016, along with immune engineering and genetic editing of plants. Tesla Autopilot named an MIT @techreview Top 10 Breakthrough Technologies 2016 https://t.co/u3C9gJA0Ba — Tesla Motors (@TeslaMotors) March 1, 2016 Tesla has moved forward with autonomous-car technology, but partner Mobileye ( MBLY ) got hit in December after Citron called the camera-based car safety technology provider its 2016 “short of the year.” Car Chipmakers Go North Mobileye stock closed up 2.2% Tuesday but remained nearly 50% off its August all-time high. Two chipmakers that work in connected cars and self-driving cars on the IBD 50 list of leading growth stocks rose in the stock market today :  Nvidia ( NVDA ), which is also a Tesla partner, and  Broadcom ( AVGO ). Both companies serve a variety of fields and are  Apple ( AAPL ) suppliers. Automakers talked up some of the technology in car debuts at this week’s Geneva International Motor Show — such as Daimler ( DDAIF ) with a Mercedes-Benz E-Class that can brake and park itself. Tesla’s also there, showing off its Model X crossover SUV. Nvidia, which counts Tesla and Mercedes among more than 50 carmaker partners, surged 4.4% Tuesday. Broadcom gained 3.3%, ahead of its Thursday afternoon earnings report. Broadcom stock has been consolidating and is about 8% under a buy point, while Nvidia is about 4% away and has just formed a cup base. Mobileye gets a 62 Composite Rating from IBD. Nvidia gets a best-possible 99 and Broadcom a 98. Other chipmakers also working in the car space rallied Tuesday, too: Qorvo ( QRVO ) by 5.1%, NXP Semiconductors ( NXPI ) by 4.2% and Skyworks Solutions ( SWKS ) 5.9%. Tesla stock closed down 2.9% Tuesday at 186.35. RELATED: Tesla Goes To Geneva Motor Show: What It Means For Model X . Image provided by Shutterstock .

Tesla Motors Better Watch Out For This Competitor

Loading the player… Luxury sports-car maker Aston Martin could soon be giving Tesla Motors ( TSLA ) a run for its money. This week, privately held Aston Martin said it’s partnering with China’s LeEco and California-based e-car developer Faraday Future to make its all-electric RapidE sports sedan concept a reality. The company says the car will head into production in 2018. Last September, Tesla CEO Elon Musk said his company’s $35,000 mass-market version, the Model 3, will begin production in about two years — that’s fall 2017. The Model 3 will be unveiled on March 31, with pre-orders starting then. At the low end of the market, Tesla is set to compete with General Motors ( GM ). GM’s Chevy Bolt is entering production in late 2016. Other companies, from BMW to Volkswagen ( VLKAY ), have their own all-electric models. Tesla shares fell 0.5% in below-average volume Friday, after reversing lower in the last session. The stock is now about 42% below its July high, reached just before the stock failed to break out of a cup-with-handle base. Meanwhile, Tesla chip supplier Nvidia ( NVDA ) gapped up to retake its 50-day line in Thursday’s session after issuing view-topping quarterly results late Wednesday. Nvidia shares climbed 1.7% Friday as they work on a base with a 34.04 buy point. Mobileye ( MBLY ), another Tesla tech partner, reports its quarterly results next Wednesday. Analysts expect the bottom line to jump 133%. Mobileye is trying to come off of a recent bottom near 23, trading 55% off of its peak reached last August. Mobileye rose 2% intraday Friday.

Nvidia Retakes Critical Level As Stock Spikes On Earnings

Loading the player… Shares of Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) are surging in the stock market today after the chipmaker reported estimate-beating quarterly results late Wednesday. Sales jumped 12%, and earnings came in flat. Nvidia’s guidance was also well above forecasts. Aside from making graphics chips for Tesla, Nvidia also makes graphics processing units used in the gaming industry. The company is expected to benefit from the launch of the Facebook ( FB )-owned Oculus Rift virtual reality headset, as well as the influx of VR content. The stock popped 8.6% to 30.04 in big volume, retaking its 50-day moving average just a few sessions after finding support at the critical 200-day line. Shares are now about 11% below their all-time high reached at the end of last year and are facing a potential buy point of 34.04. Meanwhile, chipmaker peer Maxlinear ( MXL ) was also able to retake its 50-day line intraday but fell back below that level, closing 1% lower. Volume was below average. Shares are trading about 16% below a buy point at 17.85. And Apple ( AAPL ) supplier Broadcom ( AVGO ), struggling to hold above its 200-day line, fell 2.8% Thursday. The stock has been consolidating since last June. Apple fell 1.9% Thursday, while Facebook dropped 1.6%.