TagTesla Stock

Elon Musk Once Believed Tesla Would Fail. He Was Almost Right

E
Elon Musk

By CCN: There are two ways to catch a con man like Tesla’s Elon Musk: look at his previous statements and look at his current statements. The obvious lies are the current ones. The juicier and more damning ones are things said or thought years ago that come to light. Elon Musk Admits He Once Expected Tesla to Fail Elon Musk told an unofficial Tesla podcast: “I was actually always fairly...

Tesla’s Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing.

T
Elon Musk, Tesla stock

By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Tesla’s 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla delivered 11,300 vehicles in May, which was 2.6 times the combined total of all competitors’ offering. That’s all well and good, and probably why...

Elon Musk Debunks Viral Report That He Is Wildly Overpaid as Tesla CEO

E
Elon Musk, Tesla

By CCN: Last week, we learned that Elon Musk was the highest-paid CEO in America in 2018. And it wasn’t even close. Musk scored a jaw-dropping $2.3 billion in compensation, outstripping the next 65 corporate executives combined. With that sort of income, Musk should be on pace to topple Jeff Bezos on the rich list, especially since the latter just lost 25% of his Amazon stock in his divorce...

Tesla’s Stock Crashes as Wall Street Predicts Armageddon

T
tesla building

By CCN: Tesla’s stock is down another 6% today, the sixth consecutive session TSLA shares have fallen. It is now down 40% year-to-date. Tesla Car Price and Stock Price Are Both Falling Tesla’s stock is getting hammered today because of the company’s announcement that it is cutting prices on older model S and X vehicles. Merrill Lynch put out a note expressing concern that sales on...

Tesla’s Stock Is on the Brink of Disaster as Growth Gets Shorted Out

T
Tesla stock

By CCN: Tesla investors are having a forgettable year as the stock has made them poorer by more than 30%. The Elon Musk-led company’s stock fell to two-year lows earlier this week. But independent investment banking advisory firm Evercore ISI believes that the bloodbath isn’t done yet and has lowered its stock price target to $200 from $240. This represents a 13% drop from Tesla’s current stock...

Elon Musk Loads Up Tesla Stock But Carmaker’s Worst Enemy is Tesla Itself: Morgan Stanley

E
Tesla, Tesla stock

By CCN: Tesla stock has been down in the dumps so far this year. Billionaire Elon Musk’s company has eroded investors’ wealth to the tune of almost 28% in 2019, as operational challenges have taken precedence over the CEO’s mind-numbing claims about how Tesla stock could rise to $2,900 in the future. But don’t be surprised to see Tesla stock making investors more miserable as Morgan Stanley...

Caution! Elon Musk’s $25 Million Tesla Stock Buy Is Smoke and Mirrors

C
Elon Musk, Tesla

By CCN: Tesla investors are supposed to be impressed that Elon Musk bought $25 million of Tesla’s stock in last week’s public offering. On the surface, the purchase might impress some people. One must always look at Elon Musk’s actions in context. His $25 million stock purchase amounted to 102,880 shares, bringing Musk’s total number of TSLA shares owned to 33,927,560. ❤️ ❤️ ❤️...

Tesla Model 3 Miraculously Saved a Life but Will It Rescue the Stock?

T
Tesla

By CCN: Elon Musk is being hailed as a hero, at least by one Tesla Model 3 driver. Electrek reports that a rear-ended Tesla Model 3 was about to ram into a vehicle in front of it. But the autopilot system took over in the nick of time and performed an evasive maneuver to prevent a crash. This is precisely the type of good PR that could rescue Tesla’s stock. Bullish for Tesla’s Stock...

Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly

E
Elon Musk, Tesla

By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call. The electric vehicle company is looking to raise $2.3...

Why CIO of Major Investment Firm Says Tesla’s Stock is Going to $4,000

W
Tesla

By CCN: Tesla (TSLA) has had a poor first quarter in 2019, suffering from various occurrences such as the reported explosion of a Tesla Model 3 in China and a big miss on earnings. From January to March, Tesla was expected to generate a revenue of $5.19 billion but fell short at $4.54 billion, possibly due to the decline in deliveries in Europe and China. According to a Reuters report, around...

Elon Musk’s Shenanigans Can’t Save Tesla’s Flagging Stock Price

E

By CCN: There’s no sign of Tesla’s misfortune ending anytime soon. Billionaire Elon Musk was too busy humoring the internet even as his company ran into yet another concrete barrier. Tesla’s stock is languishing close to its 52-week low after the company’s horrible earnings that missed Wall Street’s expectations by a mile. Musk’s maneuvering fails to work Elon Musk tried to lift...

Tesla to the Moon? Bullish Portfolio Manager Says Analysts Got It Wrong

T
Tesla stock

By CCN: Tesla’s stock may have shed nearly one-third of its value year-to-date, but if you ask one portfolio manager, it’s just a buying opportunity. Cathie Wood of Ark Invest whose largest position is Tesla’s stock reminds investors to “buy low.” Her conviction is stronger than ever that TSLA should be a $4,000 stock, despite the fact that shares are hovering at...

Tesla’s Stock Collapses Through Vital Technical Support; Look Out Below?

T
Tesla stock, TSLA

By CCN: Tesla’s stock has broken through critical support, breaching a long-term range and falling 6% amid heavy selling confirmed by huge volumes. With Elon Musk facing a constant media barrage for a combination of bizarre tweets and unrealistic predictions, the media is trying to make this about a possible CEO challenge. In reality, this is probably more to do with the horrific earnings...

‘Tesla Blows’: Elon Musk’s Joke Haunts Him in Mind-Numbing Q1 Miss

&
Elon Musk, Tesla

By CCN: Tesla’s first-quarter earnings miss was about the size of the Grand Canyon. Yet, investors are not punishing Tesla’s stock. Far from it, in fact, as TSLA shares are currently meandering in and out of positive territory in after-hours trading. Tesla reported a Q1 loss per share of a whopping $2.90 vs. estimates for a less horrible $0.69 per-share loss, according to CNBC. Elon...