TagTesla

Bitcoin Epically Rescues this Bubble Portfolio’s Tesla Stock Crash

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Bitcoin, Tesla, Tesla Stock, Stocks

By CCN: A hypothetical exchange-traded fund composed of assets deemed as overvalued by the media such as Bitcoin and some tech stocks has so far this year posted a return of 17 percent, MarketWatch reports. Currently, the bubble portfolio consists of among others Bitcoin, Argentina’s century bond and tech stocks such as Netflix, Tencent and Tesla. The bubble portfolio was the brainchild of...

Billionaire’s Tesla Gamble Cost Him $420 Million in 6 Months

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elon musk, tesla stock, larry ellison

By CCN: Elon Musk isn’t the only tech billionaire with a gaping Tesla-shaped dent in his net worth this year. As Tesla’s stock price crashes and burns, Oracle founder Larry Ellison is deep in the red with his massive stake in the company. World’s 7th-Richest Man Bet $1 Billion on Elon Musk At Oracle’s analyst meeting last October, Ellison – the world’s seventh...

Elon Musk Scores $48 Million to Dig Holes in Vegas While Tesla Implodes

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elon musk, tesla, boring company

By CCN: As Tesla stock goes up in flames amid its “code red” crisis, Elon Musk enjoyed a small reprieve from the tsunami of bad news when his Boring Company won a $48.6 million Las Vegas contract. The Las Vegas project is a milestone for Boring since it is the fledgling company’s first commercial contract. The Boring Company is a tunnel construction firm Elon Musk launched in...

‘Code Red’ for Tesla: 80% Drop Forecasted as Stock Sinks to $192, a 30-Month Low

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Tesla, Tesla Stock, Stock, Elon Musk

By CCN: Within one month, the share price of the Tesla stock has dropped by a staggering 27 percent as it plunged below the $200 level for the first time since 2016. The intensifying downtrend of the Tesla stock is said to have been triggered by a barrage of negative factors including CEO Elon Musk’s admittance of a cash flow issue at the company and the decline in the exports of its flagship...

Elon Musk’s Science Projects Are Killing Tesla Stock, Warns Analyst

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By CCN: Tesla is getting hammered day after day on the stock market, leaving Elon Musk with no option but to adopt desperate measures to save his beloved electric car company. But Wall Street is not convinced, as one more analyst firm has joined the chorus against Elon Musk and slashed its Tesla stock price target. Elon Musk’s distractions are hurting Tesla stock Daniel Ives, an analyst...

Elon Musk Cries Foul After US Govt Chooses Rival Rockets Over SpaceX

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SpaceX, Elon Musk

By CCN: Elon Musk must be feeling the pressure of his SpaceX and Tesla empires crumbling. SpaceX filed a lawsuit against the federal government, alleging the Air Force Space and Missile Systems Center shouldn’t have awarded billions in contracts to other firms – including Jeff Bezos’ Blue Origin. Air Force Spots SpaceX’s Weaknesses The Air Force evaluated proposals from SpaceX...

Tesla’s Stock Crashes as Wall Street Predicts Armageddon

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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...

Elon Musk Had to Snub Apple’s Buyout Bid Even if Tesla Is in Code Red

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Elon Musk, Apple

By CCN: When Tesla’s stock crashed below $200 this week after the company tumbled into a “code red,” many on Wall Street wondered if Elon Musk should’ve accepted Apple’s $240-a-share buyout offer from 2013. However, despite the horrendous week Tesla is having, Musk was right to stick by his guns. Elon Musk Institutes Emergency Cost-Cutting Last week, Musk admitted in...

‘C’mere Tesla!’ Elon Musk Will Test Age-Old Dog Trick This Weekend

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elon musk, tesla advanced summon

By CCN: Have you ever lost your vehicle in a parking lot, and had to annoy people by clicking the lock button repeatedly until you find it? This reporter certainly has. A nondescript car is easy to lose in a sea of other nondescript vehicles. Tesla has a solution for this common problem called “advanced summon,” and Elon Musk plans to put it to the test this weekend. Tesla Pushes the...

What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year

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Thomas Lee, Fundstrat

By CCN: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today. The S&P 500 has already climbed 14% higher year-to-date, and but the mood in the market has felt more like “doom-and-gloom” than “to...

Tesla Stock Plummets to Just $10, Says Morgan Stanley in ‘Worst Case Scenario’

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Tesla, Tesla Stock

By CCN: Tesla stock is all set to drop below $200, but Morgan Stanley believes that shares of the electric vehicle company could be worth just $10 in the worst case scenario. Yes, that’s what Morgan Stanley analyst Adam Jonas believes in light of the many problems Tesla has been facing of late. Morgan Stanley’s drops another bomb on Tesla stock Tesla stock has lost nearly 40% of its value in 2019...

Tesla Stock Crumbles to 30-Month Low as Elon Musk Turns Desperate

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Elon Musk, Tesla

By CCN: Tesla stock flew higher when Elon Musk had announced that the electric vehicle maker will raise more than $2 billion in capital through stock offerings to finance ambitious initiatives such as robotaxis, but he is now singing a different tune. Musk to review all of Tesla's expenses in new cost cutting plan pic.twitter.com/9zZdnSsH9Z — Reuters Top News (@Reuters) May 16, 2019...

Tesla Stock Plunges 22% in 1 Month as Trump Trade Fallout’s Biggest Loser

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Tesla, Tesla stock, stock

By CCN: In less than one month, the share price of the Tesla stock has dropped from $273 to $211 by more than 22.7 percent following the fall out of recent trade discussions. While Tesla bulls remain optimistic about the long-term prospect of the firm, some strategists are concerned about the cash flow of the business and the performance of the company in key markets such as China. Intensifying...

Elon Musk Ports Epic Unreal Engine to Install Fortnite in Your Tesla

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Elon Musk, Tesla, Fornite

By CCN: Worried Telsa CEO Elon Musk wasn’t packing his cars with enough feature? The tech pioneer wants you to be able to play top video game titles in his vehicles. Tesla is definitely porting over Unity and Epic’s Unreal Engine, that Fortnite and Rocket League, run on. Musk also tweeted Microsoft and Roblox to see if they want to be involved too. Also porting Unreal Engine — E...

Has Brilliant Elon Musk Been Stealing Ideas from ‘The Office’ Star?

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Dwight Schrute, Rainn Wilson

By CCN: Is Elon Musk stealing all of his ideas from Dwight Schrute and Rainn Wilson, the latter of whom plays the iconic character in NBC’s “The Office”? What About Recyclops? Elon Musk tweeted about air pollution statistics and bonus hospital-operating-room-grade filters in all Tesla cars on Friday afternoon. Soon the full scope of Rainn Wilson’s inspiration to the Tesla...

Tesla Stock Dives After NTSB Drops Model 3 Autopilot Bombshell

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tesla autopilot

By CCN: Elon Musk, the CEO of embattled electric vehicle giant Tesla, believes that self-driving cars will propel the company to obscene heights. But the National Transportation Safety Board’s (NTSB) latest investigation into a Tesla Model 3 crash suggests that Musk is far from realizing his dreams, and that report is taking a toll on Tesla stock. NTSB Bombshell Raises Questions About Tesla...

Elon Musk Has a Problem on His Hands as Tesla Vehicles Catch Fire

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Tesla

By CCN: The toughest thing about being a circus huckster is when your snake oil explodes in your face. Such is the case with the P.T. Barnum of our time, Elon Musk. He never said that owning a Tesla would come with the occasional side effect of the bursting into flames without warning. That was the case regarding an incident in Shanghai in April, where this security camera caught a Model S...

Top Tesla Investor Dumps 81% of Stock in Brutal Rebuke to Elon Musk

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elon musk, tesla stock

By CCN: The Wall Street Journal reports that T. Rowe Price Associates dumped around 81% of its Tesla stake during the first quarter of 2019. This is a brutal rebuke to the Elon Musk-led company, as T. Rowe Price has been one of the largest holders of Tesla stock over the years. T. Rowe Price Unloads Tesla Shares – And It’s Not Alone T. Rowe Price held just 1.7 million shares of Tesla...

Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

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tesla model 3, Tesla stock, Tesla

By CCN: This week Tesla stock crashed to its lowest levels since Obama was president. The electric car maker suffers from political uncertainty regarding the electric car maker’s prospects in China, as well as questions over Tesla’s ability to deliver on its premium stock valuation. A Tesla analyst at Evercore ISI says: “The only thing that can justify such valuations is...

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

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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 Skeptic Calls Tesla’s Bluff, Bets You $10,000 That Robotaxis Suck

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Elon Musk Tesla Whitney Tilson

By CCN: Whitney Tilson has been shorting Tesla since 2014, and the former hedge fund manager and avid TSLA bear is at it once again. This time he’s willing to bet you $10,000 that Elon Musk’s robotaxi fantasy will crash and burn. In a letter to investors this week, the 52-year-old took a stab at Tesla’s charismatic leader, predicting that he’ll fail to create one million...

Why Elon Musk’s Genius Tesla Strategy Will Make Lyft & Uber Obsolete

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elon musk tesla network

By CCN: Imagine a world where your autonomous vehicle drops you at the office. Instead of driving to the parking lot, it speeds off to pick up its first passenger of the day. You go about your day while your self-driving car generates passive income. When you’re ready to go, you summon the vehicle to take you home. This is the future that Elon Musk envisions, and it is going to happen sooner than...

Elon Musk is About to Wipe Out Warren Buffett’s Biggest Business

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Elon Musk, Warren Buffett, Tesla,Berkshire Hathaway

By CCN: A new report out of ARK Invest is wildly bullish on self-driving technology powered by the likes of Tesla and Uber.  But the autonomous revolution will come at a huge cost for Warren Buffett’s biggest business: insurance. The firm, which manages $3 billion assets, says the car insurance industry faces its “biggest threat in history” as Elon Musk and others ramp up self-driving networks...

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

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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...

Elon Musk is Wrong! Uber CEO Bites Back at Tesla CEO’s Robotaxi Boast

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elon musk tesla uber dara khosrowshahi

By CCN: Robotaxis will one day litter our streets and highways, but not as soon as Tesla CEO Elon Musk boasts. Uber CEO Dara Khosrowshahi levied this critique ahead of the $70 billion rideshare giant’s disappointing IPO, which saw its stock plunge nearly 8% despite debuting at a surprisingly conservative $45. Dara Khosrowshahi Disputes Elon Musk’s Lofty Robotaxi Timeline Khosrowshahi...

Elon Musk Blushes After PornHub Publishes Steamy Tesla Autopilot Sex Video

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Elon Musk, Tesla

  By CCN: Billionaire Elon Musk was amused when a porn star revealed that the Tesla on Autopilot mode can be used to enjoy “hands-free” car sex. And she has the video to prove it. Elon Musk: ‘I shoulda seen it coming’ The Tesla CEO wryly tweeted that he “shoulda seen it coming.” The revelation has likely opened up a whole new market for his Tesla electric...

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

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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 Killer: BMW Unveils Master Plan to Crush Elon Musk

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bmw tesla elon musk

By CCN: While Elon Musk has dazzled weak-minded investors with Tesla, and burned billions of dollars from the company’s coffers, BMW has quietly been planning to bury Tesla with a comprehensive electric car plan. The BMW electric car plan is exactly what one would expect from the leader in comfort and driving experience. The BMW electric car blows Tesla away. BMW Is a Dragon Compared to...

Scorned Hedge Fund Manager Vilifies Elon Musk’s Claims as Horses**t

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Elon Musk

By CCN: They may both belong to the billionaire club, but there’s no love lost between hedge fund manager David Einhorn and Tesla CEO Elon Musk. Einhorn, whose hedge fund Greenlight Capital recently saw its assets under management fall below $3 billion, is no fan of Musk. The hedge fund trader presented at the Sohn Investment Conference in New York where he discussed the fund’s...

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

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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...

Tesla Nightmare Jolts Elon Musk Fanboys Back to Stock’s Dark Reality

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elon musk tesla stock

By CCN: Elon Musk groupies might fantasize about owning robo-taxis that yield a fortune in passive income while they stay home and play video games, but one stock market analyst warns that the “Tesla dream” risks transforming into a bitter nightmare. Analyst Warns That Elon Musk’s ‘Dream’ Faces a Dark Reality Boris Schlossberg, managing director at BK Asset Management, told CNBC...

Elon Musk, Warren Buffett Spar After Berkshire Billionaire Disses Tesla

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Elon Musk, Warren Buffett

By CCN: Billionaire Elon Musk joked about Warren Buffett after the Berkshire Hathaway chairman dissed his plans to launch Tesla insurance and said he’d bet against it. At the Berkshire Hathaway annual shareholders meeting this weekend, Buffett questioned the wisdom of a Tesla insurance product, which Musk plans to launch soon. Warren Buffett: I’d Bet Against Tesla Insurance Buffett —...

Tesla Issues Veiled Threat to Staff: Keep Quiet or Face Elon Musk’s Wrath

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Elon Musk, Tesla

By CCN: Billionaire Elon Musk is in the middle of raising $2.7 billion in fresh capital from the market through a series of stock offerings. So now would be a very bad time for someone at the company to pop out of Tesla and say something that’s not to Musk’s liking. [email protected] may buy more $TSLA shares. @LoupVentures' Gene Munster breaks down what this means for the stock: pic.twitter...

Elon Musk: Tesla Con Man Betrays Lack of Faith in Cratering Company

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elon musk tesla stock

By CCN: The frustrating thing about con artists is that they just keep fleecing suckers until the liquidity dries up. In the case of Elon Musk and Tesla, it appears that there is still an ocean of suckers out there. Fans of “What Will Elon Musk Lie About Next?” will not be surprised that Tesla’s announced $2.8 billion capital raise comes despite Elon Musk’s declaration that Tesla wouldn’t...

Tesla Model 3 Suffers in US-China Trade War as MAGA Takes Over

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Tesla model 3

By CCN: The core computer of Tesla’s Chinese-made Model 3, known as the ‘Brain’, was rejected for exclusion from Donald Trump’s 25% tariffs. Tesla had applied for exclusion from the surcharge placed on Chinese-made goods but was rejected. The product was deemed too important to China in the trade war. Tesla Wins No Favors in Trump-China Trade War The computer brain of the Model 3 was rejected for...

Delusional Elon Musk Predicts Tesla Stock Will Race to $2,900

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elon musk tesla stock tsla

By CCN: Elon Musk is well-known for making tall claims to drive Tesla stock higher. From promising full self-driving cars in just over a year to deploying millions of robotaxis, Musk has been in overdrive mode to save his company’s stock price from crashing after a horrifying quarterly report. But his latest claim takes the cake. Elon Musk’s Latest Tesla Claim Is Absolutely Bewildering...

Tesla is the Greatest of All Time with a Fitting Horn Due, Boasts Elon Musk

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Elon Musk, Tesla

By CCN.com: Just because Elon Musk is wearing an SEC muzzle on Twitter, doesn’t mean he is taking a hiatus. Instead, the Tesla boss is going full-troll and tweeting about anything and everything (except of course financial details about his car company). His latest rib-tickler is a humorous plan to change Tesla car horns to sound like a goat, and not just any goat. Maybe this goat is...

Insane Tweet Exposes How Elon Musk & Tesla Hypnotize Investors

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tesla stock elon musk

By CCN: Kevin Rooke, a financial commentator with a soft spot for bitcoin, tweeted something truly bizarre this week: Tesla appears overvalued if one views it as a car company but undervalued if one views it as a tech company. If you think Tesla is a car company, it appears overvalued. If you think Tesla is a tech company, it appears undervalued. pic.twitter.com/bxlfSAXo9N — Kevin Rooke...

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

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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 Are Tesla Haters So Vicious? Elon Musk Looks For Answers

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Elon Musk, Tesla

By CCN.com: Elon Musk has taken to Twitter to question the army of Tesla haters that bet against Tesla stock. In an exchange with Y-Combinator co-founder Paul Graham, Elon Musk acknowledged that his company is targeted by a “fleet of haters” unlike anything else in the industry. Graham initially asked his 1 million + Twitter followers to explain the animosity towards the electric car company:...

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

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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

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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...

Elon Musk Wants Crypto’s Best Ideas. Ethereum’s Vitalik Buterin Delivers 13

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Ethereum, Elon Musk, Vitalik Buterin

By CCN.com: Elon Musk is getting deeper and deeper down the cryptocurrency habit hole. After yesterday’s mysterious tweet which read simply “Ethereum,” the Tesla chief then asked Ethereum founder Vitalik Buterin for suggestions on what to develop on the blockchain platform. What should be developed on Ethereum? — sqrt(E/m) (@elonmusk) April 30, 2019 Buterin responded with a list of 13 real...

Tesla Embarrassed by Major Chinese Buyer in Giant New York Billboards for Million-Dollar ‘Electromechanical Failures’

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Tesla, Elon Musk

By CCN.com: Times Square visitors were treated to an embarrassing shellacking of Elon Musk and his Tesla clown car on Monday. Three advertisements appeared in the popular area of New York City demanding that Tesla provide Shenma, a high-end Chinese ride-hailing firm, with compensation.  Shenma is unhappy that more than 20% of the 278 Tesla cars delivered to the firm had “electro-mechanical...

Tesla Rival BYD is Absolutely Killing It – But There’s an Enormous Catch

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byd auto tesla stock

By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102.4 million yuan (~$16.2 million at that time) to 749.73 million yuan (~$111.4 million), Reuters reports. Remarkably, BYD stock seems unaffected by the news. China Is Falling...

Elon Musk Risks Blowback After Tesla Stock Plunges 31% in 2019

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tesla stock tsla elon musk

By CCN: Due to a series of controversies including the shocking video of a Tesla Model S exploding in Beijing, a drastic shift to online sales, and a catfight between CEO Elon Musk and the U.S. Securities and Exchange Commission (SEC), Tesla had an underwhelming first quarter in 2019. Tesla Stock Down 31% in 2019 While US Market Embarks on Massive Recovery From January 11, within four months...

Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck

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ford tesla stock tsla elon musk

By CCN: The stock price of Ford Motor Company leaped by a staggering 10.7 percent on Friday, allowing the company to achieve a $41 billion valuation and overtake upstart competitor Tesla in total valuation. Two key fundamental catalysts of Ford’s rebound in the first quarter of 2019 were the firm’s profitability in Europe after nine months of net losses and strong sales of pickups in the U.S. In...

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

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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...

Why This Tesla Doppelganger Surged 50%, Defying Falling Markets

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Tesla, Tiziana

By CCN: Relatively unknown stock Tiziana Life Sciences (TLSA), not to be confused with Tesla (TSLA,) rocketed more than 50% today to blow the rest of the stock market out of the water. Starting the day at slightly more than $6.50 a share, the biotech company climbed to a high of almost $10.00 before pulling back into the $9.50 range. A Case of Mistaken Tesla Identity? As we alluded to, TLSA bears...