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Fly News Breaks for December 9, 2016
TSLA, GM
Dec 9, 2016 | 08:37 EDT
JPMorgan analyst Ryan Brinkman is even more concerned that Tesla (TSLA) will have a difficult time realizing its profit objectives in the increasingly competitive market for electric vehicles after spending a day with General Motors (GM). GM is first to market amongst all automakers globally with a "modestly" priced battery electric vehicle with substantial range, or in excess of 238 miles, Brinkman tells investors in a research note after meeting with GM CFO Chuck Stevens and test driving the new Chevrolet Bolt EV. Further, the analyst points out that GM plans to extend the Bolt beyond sales to consumers and into ride-sharing applications, including of the autonomous variety. Bolt represents "solid competition" for the upcoming Tesla Model 3 at a time when the electric vehicle pricing model is "challenged" with a number of automakers chasing a still limited number of vehicle customers, Brinkman contends. He thinks Tesla will find it increasingly more difficult to profitably compete. The analyst reiterates an Overweight rating on GM and an Underweight rating on Tesla. Shares of Tesla are trading down $1.31 to $190.98 in pre-market trading.
News For GM;TSLA From the Last 2 Days
TSLA
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
TSLA
Mar 27, 2024 | 08:01 EDT
Notable profits for the buyer who lifted the $1.90 offer for 1,300 Tesla (TSLA) 3/28 weekly 180 puts yesterday at 09:54ET when underlying shares were trading at $182.66. Shares closed at $177.67, and the puts at $4.03 for a mark-to-market profit of 112%, or $276K, on the $247K outlay.
TSLA
Mar 27, 2024 | 07:51 EDT
Morgan Stanley noted that Bloomberg reported earlier this week that Contemporary Amperex Technology Co. Ltd., or CATL, is working with Tesla on faster charging batteries, which follows news that CATL is supplying machinery to Tesla's Giga Nevada factory. China's CATL is effectively barred from selling into the U.S. directly, but is able to license battery tech to partners and charge a royalty fee, noted the analyst, who notes that the U.S. is an under-penetrated EV market in need of high quality, cheap battery tech and that China is a highly penetrated EV market with an oversupply of batteries. The firm, which believes a Tesla-CATL partnership "could be a game changer" for the U.S. electric vehicle market, has an Overweight rating and $320 price target on Tesla shares.
TSLA
Mar 27, 2024 | 05:56 EDT
Tesla CEO Elon Musk told staff in an internal memo to give buyers a "short test ride" to demonstrate the company's Full Self-Driving technology, now a "hard requirement" in North America, Bloomberg's Edward Ludlow reports. Workers will also have to perform checks on any vehicles returned from service. "I know this will slow down the delivery process, but it is nonetheless a hard requirement," Musk said in the memo, adding that "This is very important." Reference Link
TSLA
Mar 27, 2024 | 05:39 EDT
Citi analyst Itay Michaeli lowered the firm's price target on Tesla to $196 from $224 and keeps a Neutral rating on the shares. Ahead of Tesla's Q1 delivery release, the analyst lowered estimates to reflect recent data points. The firm's Q1 delivery estimate goes to 429,9000 from 473,300. The Q1 setup for Tesla "looks tough on aggressive consensus estimates," the analyst tells investors in a research note. In recent weeks, consensus estimates have come down, but March data points have also disappointed, says Citi. It believes Sheet estimates are still looking too high, not only for 2024 but also 2025.
TSLA
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
TSLA, GM
Mar 26, 2024 | 15:52 EDT
After this morning's collapse of the Francis Scott Key Bridge in Maryland closed the Port of Baltimore, JPMorgan economist Michael Feroli noted that the port ranks 17th among U.S. ports in tonnage handled, but ranks first for light vehicle imports and is also an important coal export terminal. However, the firm's initial assessment is that this development will "likely only have minimal implications for vehicle inflation" given that many more vehicles are imported over land from Canada and Mexico and that vessels are already being diverted to other East Coast ports. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
TSLA
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
TSLA
Mar 26, 2024 | 09:56 EDT
Notable gainers among liquid option names this morning include Seagate (STX) $96.53 +8.33, McCormick (MKC) $75.66 +5.72, Constellation Energy (CEG) $198.70 +11.44, Tesla (TSLA) $182.50 +9.87, and Western Digital (WDC) $68.30 +3.31.
TSLA
Mar 26, 2024 | 08:56 EDT
Monday's total option volume of 35.0 million contracts resulted in net open interest growth of 5.07 million calls and 4.24 million puts. Tesla (TSLA), NVIDIA (NVDA), Micron (MU) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 48k Warner Bros. Discovery (WBD) 5/3 weekly 7 puts, 43k DoorDash (DASH) Jun-24 120 calls, 43k Bumble (BMBL) May-24 9 puts, 29k Tesla (TSLA) 3/28 weekly 170 puts and 25k Tesla (TSLA) 4/26 weekly 150 puts.