Teslastock
Tesla stock ticked higher after a price target increase from analysts at Wedbush. However, Wedbush analyst Daniel Ives maintained his Neutral rating on Tesla stock despite the price target increase. His new bullish scenario target stands at $1,250, a 25% increase. Q3 2020 hedge fund letters, conferences and more Tesla stock rises after Wedbush price target increaseWedbush's new base price target for Tesla stock is $950, which is more than $100 higher than where the shares are currently trading. However, Ives still rates them at Neutral, which is the rating he has had on them for almost two yea...
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Whitney Tilson’s email to investors discussing the story of my analyst’s 100-bagger on Tesla Inc (NASDAQ:TSLA). Q3 2020 hedge fund letters, conferences and more A 10-bagger in investing is extremely rare, but a 100-bagger is almost unheard of. You only need 1-2 of these in a lifetime to ensure a fabulous long-term record (and a comfortable retirement!), even if you make a lot of other mistakes. It’s really hard to identify a stock that goes up by 100x – but even if you do, that’s only first (and, I’d argue, easier) step to actually making 100 times your money. That’s because the even harder se...
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Tesla stock will be added to the S&P 500 later this month, and many investors have been jumping the gone. However, JPMorgan analysts are advising them not to do that. They also raised their price target for Tesla stock, but only to $90. Meanwhile, Morgan Stanley analysts explain what the addition of Tesla to the S&P means for other stocks in the index. Q3 2020 hedge fund letters, conferences and more Tesla stock overvalued upon addition to S&P 500JPMorgan analyst Ryan Brinkman said in a note today that he is concerned about how quickly Tesla stock has skyrocketed this year. The shares have add...
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Tesla stock slipped after the company announced it has decided to raise capital again. It’s the second time in only three months that the automaker is raising capital, and it comes after CEO Elon Musk said they wouldn’t do it again anytime soon. It’s also the third time Tesla has raised capital in only 10 months. Q3 2020 hedge fund letters, conferences and more Tesla announces another capital raiseA regulatory filing with the Securities and Exchange Commission reveals details about Tesla's latest capital raise. The automaker will sell up to $5 billion in common shares through "at-the-market" o...
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Tesla CEO Elon Musk warned employees in an email that if they don’t start controlling costs, their stock will plunge. Shares of Tesla stock fell by about 4% after the email was reported.Q3 2020 hedge fund letters, conferences and moreTesla CEO calls for cost control to support stockCNBC and Electrek obtained the email in question. Musk said investors are giving the company "a lot of credit for future profitability, but if at any point, they conclude that's not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer."The Tesla CEO advised employees to focus o...
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Tesla stock has finally been tapped for S&P 500 inclusion, and investors have been buying it up as a result. The shares got another boost today in the form of a major upgrade from analysts at Morgan Stanley, who have shifted to Overweight after keeping them below that for over three years.Q3 2020 hedge fund letters, conferences and moreTesla stock for S&P 500 inclusionMany investors bought Tesla stock because inclusion in the S&P 500 means numerous funds that track the index will be forced to buy it when it's added. Tesla stock officially gets inclusion in the S&P 500 next month. Many thought ...
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Tesla stock is slipping after the company announced its Q3 2020 deliveries. The automaker beat consensus estimates for its Q3 2020 deliveries, but given that Tesla stock was priced for perfection, it isn’t a big surprise that the beat wasn’t good enough to boost the shares.Q2 2020 hedge fund letters, conferences and moreTesla stock falls after Q3 2020 deliveriesThe company reported 139,300 deliveries for the third quarter, including 124,000 Model 3 cars and Model Y crossovers. Consensus estimates stood at 136,000 and 122,000, respectively. Canaccord Genuity analyst Jed Dorsheimer said in a rep...
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Tesla’s highly anticipated battery day is now in the books, and many investors have been selling the news today. At least one analyst slashed his price target for Tesla stock following the event, while at least one analyst upgraded it to Buy.Q2 2020 hedge fund letters, conferences and moreNew technology that was announced at Tesla's battery dayDuring Tesla's battery day event, it announced that it was in-sourcing 100 gigawatt-hours of cell capacity 2022 and 3 terawatt-hours by 2030. The automaker could have access to more cell supply from external suppliers as well. It currently has about 60 g...
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Demand for Tesla‘s vehicles in China has been a key part of the story for its stock. Now one analyst has increased his price target, saying he believes Tesla’s production and demand trajectory in China” is “robust and stronger than expected” for the third quarter.Q2 2020 hedge fund letters, conferences and moreTesla stock price target to $475 for China demandWedbush analyst Daniel Ives raised his price target for Tesla stock from $380 to $475 and reiterated his Neutral rating. The shares climbed more than 4% in early trading this morning after his price target increase.In his report, Ives said...
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Tesla is planning its battery day for Sept. 22, and analysts and investors are looking forward to hearing what new developments the company has on it. The big topic of conversation lately has been a million-mile battery, but it may be too early for that technology.Q2 2020 hedge fund letters, conferences and moreUBS analyst Patrick Hummel outlined in a report today what he expects to see revealed at Tesla's battery day. He has a Neutral rating on Tesla stock and boosted his price target from $160 to $325 per share ahead of the battery day.Day to include proprietary battery technology from Tesla...
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