Tag Archives: tsla

Tesla Model 3 Reservations Count Ahead; Stock Hits 7-Month High

Loading the player…   Rising nearly 4% Wednesday, Tesla Motors ( TSLA ) stock has reached its highest since September, ahead of a first-week Model 3 reservations update that was expected from CEO Elon Musk later in the day, but put off till early Thursday. @FreshDialogues will have the full week's number early tomorrow morning — Elon Musk (@elonmusk) April 7, 2016 Musk said on Twitter Wednesday night “will have the full week’s number early tomorrow morning.” He’d said over the weekend that the $1,000 refundable preorder deposits for the $35,000 car reached 276,000 Saturday — far above analysts’ expectations and Tesla’s own. Will give an update tonight for the 3 day total, then last one on Wed for the full week. All efforts focused on accelerating the ramp. — Elon Musk (@elonmusk) April 2, 2016 Tesla Motors Stock Analysis Tesla stock lifted 3.9% in the stock market  Wednesday, closing at 265.42. Shares also rose more than 3% in each of the prior three trading days that followed Thursday’s unveiling of the electric Model 3, a mass-market vehicle expected to compete with gas-powered cars like BMW’s 3 Series and similarly priced ones from Volkswagen ’s ( VLKAY ) Audi, Daimler ’s ( DDAIF ) Mercedes-Benz and Toyota ’s ( TM ) Lexus, as well as electrics like General Motors ‘ ( GM ) Chevrolet Bolt. The stock is building the right side of a very long, deep base and is not in buy range.  But Tesla’s IBD Composite Rating has now risen to 72 out of a possible 99. The CR factors in its earnings and loss history, stock moves and more. Can Tesla Build Model 3 After Model X Miss? This week, Tesla missed its Q1 car unit sales expectations. So, can Tesla build all those Model 3s in light of its difficulty getting out just shy of 15,000 cars last quarter? The company said Monday that “severe Model X supplier parts shortages” of just a few parts were due partly to its own “hubris in adding far too much new technology to the Model X in version 1.” So many preorders of the $35,000 Model 3 so soon can create a big production backlog. The Model 3 is due out starting in late 2017. CEO Musk says he’s rethinking production planning. Tesla Analysts Forecast Production Pacific Crest Securities analyst Brad Erickson predicts Tesla “can deliver 370,000 vehicles” in 2020, Stifel’s James Albertine sees 200,000, and Tesla has predicted half a million. On how many Model 3 reservations will turn into sales, Erickson sees “huge optimism, but modest lack of conviction of actual purchase,” given that the deposits are fully refundable and only $1,000 each. Erickson is keeping his Tesla stock rating at sector weight. He says, “we need more comfort with the upside scenarios … before becoming more constructive on the stock.” Analysts polled by Thomson Reuters are on average only mildly positive on Tesla stock, with a lot of future expectations already built into the price. Of 21 analysts polled, nine call Tesla a buy or strong buy, five a hold, and seven an underperform. Related : Tesla Stock Shrugs Off Parts Shortage; Model 3 Reservations Pass 276,000 This Is What It’s Like To Ride In A Tesla Model 3  

Tesla Stock Hits 7-Month High With Model 3 Demand, Model X Delays

Loading the player… Going into Wednesday trading, Tesla Motors ( TSLA ) stock sat at its highest since September, ahead of a first-week Model 3 reservations update expected from CEO Elon Musk later in the day. He said Saturday that the $1,000 refundable preorder deposits for the $35,000 car reached 276,000 — far above analysts’ expectations and Tesla’s own. Will give an update tonight for the 3 day total, then last one on Wed for the full week. All efforts focused on accelerating the ramp. — Elon Musk (@elonmusk) April 2, 2016 Tesla Motors Stock Analysis Tesla stock rose more than 3% in each of the three trading days following Thursday’s unveiling of the electric Model 3, a mass-market vehicle expected to compete with gas-powered cars like BMW’s 3 Series and similarly priced ones from Volkswagen ’s ( VLKAY ) Audi, Daimler ’s ( DDAIF ) Mercedes-Benz and Toyota ’s ( TM ) Lexus, as well as electrics like General Motors ‘ ( GM ) Chevrolet Bolt. The stock is building the right side of a very long, deep base. But Tesla currently only gets a 51 Composite Rating out of a possible 99 from IBD. The CR factors in its earnings and loss history, stock moves and more. Can Tesla Build Model 3 After Model X Miss? This week, Tesla missed its Q1 car unit sales expectations. So, can Tesla build all those Model 3s in light of its difficulty getting out just shy of 15,000 cars last quarter? The company said Monday that “severe Model X supplier parts shortages” of just a few parts were due partly to its own “hubris in adding far too much new technology to the Model X in version 1.” So many preorders of the $35,000 Model 3 so soon can create a big production backlog. The Model 3 is due out starting in late 2017. CEO Musk says he’s rethinking production planning. Tesla Analysts Forecast Production Pacific Crest Securities analyst Brad Erickson predicts Tesla “can deliver 370,000 vehicles” in 2020, Stifel’s James Albertine sees 200,000, and Tesla has predicted half a million. On how many Model 3 reservations will turn into sales, Erickson sees “huge optimism, but modest lack of conviction of actual purchase,” given that the deposits are fully refundable and only $1,000 each. Erickson is keeping his Tesla stock rating at sector weight. He says, “we need more comfort with the upside scenarios … before becoming more constructive on the stock.” Analysts polled by Thomson Reuters are on average only mildly positive on Tesla stock, with a lot of future expectations already built into the price. Of 21 analysts polled, nine call Tesla a buy or strong buy, five a hold, and seven an underperform. Related : Tesla Stock Shrugs Off Parts Shortage; Model 3 Reservations Pass 276,000 This Is What It’s Like To Ride In A Tesla Model 3  

Does Tesla’s Q1 Deliveries Miss Foreshadow Model 3 Delays?

Loading the player… Tesla Motors ( TSLA ) stock staged an upside reversal Tuesday after analysts downplayed the electric-car maker’s Q1 deliveries miss due to a parts shortage. Credit Suisse on Tuesday raised its price target on Tesla to 280 from 240, saying that there should be a substantial uptick in deliveries during Q2 and the second half of the year as Tesla addresses inefficiencies. And FBN Securities said “the near-term results are rather meaningless compared to the huge Model 3 opportunity ahead.” With over 276,000 Model 3 pre-orders by Sunday, Pacific Crest sees 350,000 to 400,000 reservations through Wednesday for the first full week. Deutsche Bank said it would not be surprised if Tesla’s backlog reached 500,000 by the time the Model 3 entered production in 2017. Tesla shares dropped more than 2% at the start of trade, but reversed higher in strong trade, closing up 3.4% to 255.47 on the stock market today . The stock hit its highest level since late September, and is now trading 10% below its July peak. While analysts see a pick-up in Model X deliveries and a huge opportunity with the Model 3, they warned of execution risk with the mass-market car and said the key for Tesla is to get production in order. The parts shortage appears to be “one-time” in nature, according to Pacific Crest, but “it highlights the difficulty of ramping a new car, which could carry risk to delivering the Model 3 on time and within budget.” Tesla says it expects to start Model 3 production in late 2017, with total output hitting 500,000 vehicles by 2020. Elsewhere in the automaker space, Ford ( F ) tried to stage an upside reversal as it found support at its 50-day line, but closed down 0.2%. The company announced it’s moving some of its production to Mexico. The stock is 20% below its 52-week peak. General Motors ( GM ) fell 1% Tuesday after breaching support at its 50-day line in Monday’s session. General Motors shares are also trading 20% below their 52-week high. Ferrari ( RACE ) is holding above its 50-day line, but it’s 33% below its all-time high reached on its first day of trade. Ferrari slid 2.2% Tuesday. And Tata Motors ( TTM ) found support at its downward sloping 200-day line as it dropped 3.9%. The maker of Jaguar and Land Rover vehicles is trading 39% below its 52-week high.