Tag Archives: tsla

The Truth About Tesla’s 2018 Target: 900% Production Hike Needed

Loading the player… After the Model 3 received such a big response, Tesla Motors ( TSLA ) moved up its 500,000 annual unit build plan by two years to 2018. But just how much will Tesla have to increase its production to do so? In 2015, Tesla delivered 50,658 vehicles. That means it will have to increase production by 887% in just three years to meet that target. If CEO Elon Musk wants to deliver 1 million cars by 2020, that’s a production increase of 1,874%. For 2016, Tesla expects to deliver between 80,000 and 90,000 cars. By comparison, Ford ( F ) sold 231,316 vehicles just last month, while General Motors ( GM ) sold 259,557 in April. But CEO Elon Musk remains optimistic, and he has reason to be: The new Model 3 received nearly 400,000 orders in its first three weeks on presale. And Evercore ISI said last week that though Tesla’s 2018 production target is aggressive, it’s not impossible.

Apple Supplier NXP May Beat Tesla Partner Nvidia To Autonomous Car

Apple ( AAPL ) chip supplier NXP Semiconductors ( NXPI ) batted the iPhone slowdown Monday by unveiling a radar, lidar and vision-sending engine that could beat Tesla Motors ( TSLA ) partner Nvidia ( NVDA ) to the autonomous-car punch. The product platform was revealed during NXP’s annual user forum in Austin, Texas, and comes as Nvidia stock has hit record highs the past two trading days on Wall Street after reporting eye-popping Q1 earnings after the close Thursday. Nvidia touted its machine-learning sales for the Q1 beat. Machine-learning, analysts and companies say, will be essential to creating safe, fully autonomous vehicles. NXP’s BlueBox engine incorporates “embedded intelligence and machine-learning required for complete situation assessments,” the company says. On the stock market today , NXP stock rose 2.3%, following its BlueBox announcement, to 84.97, putting it up a fraction for the year. Shares had hit a 19-month low during the February dip that hurt most Apple suppliers. Apple’s iPhone shipment decline has chip investors worried about the next semiconductor frontier, as smartphone sales hit the brakes. But NXP CEO Rick Clemmer recently told IBD that 40% of his company’s revenue stem from automotive sales. For its Q1 ended April 3, 21% of NXP’s sales stemmed from its smartphone segment. The BlueBox engine uses NXP silicon and software at each advanced driver assistance system (ADAS) node and incorporates radar, lidar and vision-sensing to complete a 360-degree world model around the vehicle. “This functionality greatly improves car safety by both managing and preventing emergency situations,” NXP says. And “unlike closed systems focused only on vision and other single-sensor data streams, the NXP BlueBox engine for autonomous vehicle is an open-source platform.” Programmers can customize BlueBox to their specifications, NXP says. The product already is in hands of customers of four of the world’s top five carmakers, NXP says. It has been shipping since September but now is broadly available.

Why You Should Be Taking Profits On Tesla Supplier Nvidia’s Stock

Tesla ( TSLA ) chip supplier Nvidia ( NVDA ) is flying to a new all-time high in the stock market today on the heels of its estimate-beating quarterly report late Thursday. The marker of graphics chips for the auto and gaming markets said Q1 EPS jumped 38% while sales climbed 13%. Its guidance also was well above forecasts. Nvidia received several upgrades and price target hikes from analysts after the report. Shares gapped up 13.9% in giant volume, hitting a fresh high and clearing the 20% profit-taking zone. Nvidia initially cleared a cup-with-handle buy point of 33.16 about a month ago, and briefly pulled back to find support at the 50-day line ahead of the report. Meanwhile, Tesla is trading at two-month lows, about 27% below its 52-week high. Shares were up 0.8% intraday Friday. The stock got knocked from recent highs as analysts felt Tesla’s 2018 production target was too lofty. But Evercore defended the luxury electric carmaker Thursday, saying the production target is achievable. And Tesla partner Mobileye ( MBLY ), which makes advanced driver-assistance systems, said Thursday it has made deals with two unnamed automakers to create fully autonomous cars by 2019. Aside from Tesla, General Motors ( GM ), Ford ( F ) and Alphabet ( GOOGL )-owned Google are also working on self-driving technology. Mobileye breached its 50-day line last week after the company’s quarterly earnings report, though it beat views. The stock is looking to retake that level in Friday’s session, rising 2%. Shares are now about 42% below their high reached last August.