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TSLA

Tesla

$313.06

6.95 (2.27%)

17:55
05/18/17
05/18
17:55
05/18/17
17:55

Tesla CEO Musk says market cap unwarranted, Guardian reports

In an article out earlier today, the Guardian, said that Tesla CEO Elon Musk said his electric car company should not be compared to major US carmakers. Musk, according to the report, added when referring to the $50B market capitalization of the company, "I do believe this market cap is higher than we have any right to deserve." Reference Link

  • 30

    May

  • 02

    Oct

TSLA Tesla
$313.06

6.95 (2.27%)

05/09/17
BERN
05/09/17
NO CHANGE
BERN
Tesla will have trouble hitting Model 3 margin target, says Bernstein
Bernstein analyst A.M. (Toni) Sacconaghi, Jr. believes that Tesla will have difficulty hitting its goal of 25% gross margins on the Model 3 in the near to medium term. The vehicle's costs are high, while Tesla's "huge"capex increases and the potential for stronger demand for lower cost Model 3 vehicles could also hurt its margins, the analyst stated. Sacconaghi, Jr. keeps a Market Perform rating on the shares.
05/11/17
ARGS
05/11/17
NO CHANGE
ARGS
Tesla will report operating loss in 2018, says Argus
Argus analyst Bill Selesky lowered his 2018 estimates for Tesla to reflect its higher Q1 operating costs. The analyst now expects the company to report an operating loss in 2018, versus his previous outlook for an operating profit. He keeps a Hold rating.
05/15/17
MSCO
05/15/17
DOWNGRADE
Target $305
MSCO
Equal Weight
Tesla downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Adam Jonas downgraded Tesla (TSLA) to Equal Weight with an unchanged price target of $305. The electric carmaker closed Friday up $1.71 to $324.81. The bull thesis on Tesla centers around the company becoming the next Amazon (AMZN) or Apple (AAPL), Jonas tells investors in a research note. The analyst, however, questions if the risks of taking on the tech giants is sufficiently discounted in the share price. He expects "much larger and more well capitalized" competitors to unveil strategies that directly address sustainable transport and mobility. Regarding the numbers, Jonas now expects Tesla to remain loss-making on a U.S. GAAP basis until late 2019. His also expects the company to burn $3.1B of cash in 2017, greater than his previous estimate of $2.3B. Further, the analyst believes expectations for the Model 3 launch "appear to have recovered substantially" over the last four months.
05/15/17
05/15/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying the bull thesis on Tesla centers around the company becoming the next Amazon (AMZN) or Apple (AAPL), Jonas tells investors in a research note. The analyst, however, questions if the risks of taking on the tech giants is sufficiently discounted in the share price. He expects "much larger and more well capitalized" competitors to unveil strategies that directly address sustainable transport and mobility. 2. J.C. Penney (JCP) was downgraded to Hold from Buy at Deutsche Bank, to Neutral from Outperform at Baird, and to Neutral from Buy at Buckingham. 3. STMicroelectronics (STM) downgraded to Hold from Buy at Stifel. 4. Level 3 (LVLT) and CenturyLink (CTL) were downgraded to Underperform from Market Perform at Raymond James. 5. TSMC (TSM) downgraded to Neutral from Outperform at Credit Suisse with analyst Randy Abrams saying headwinds from excess inventory, slower China smartphones, and Qualcomm (QCOM) shifts to Samsung (SSNLF) could pressure sales and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LRLCY

L'Oreal

$42.24

-0.165 (-0.39%)

18:47
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18:47
Periodicals
Renhe Pharmacy mulls joining auction for The Body Shop, Sky News says »

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AAPL

Apple

$153.61

-0.26 (-0.17%)

, QCOM

Qualcomm

$57.52

-0.93 (-1.59%)

18:43
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05/29
18:43
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Periodicals
Apple hires former Qualcomm VP to head SoC efforts, AppleInsider says »

Apple (AAPL) has hired…

AAPL

Apple

$153.61

-0.26 (-0.17%)

QCOM

Qualcomm

$57.52

-0.93 (-1.59%)

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GS

Goldman Sachs

$223.53

1.06 (0.48%)

18:40
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Goldman Sachs bought $2.8B in Venezuelan bonds, WSJ says »

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ICAGY

IAG

$15.65

-0.305 (-1.91%)

18:36
05/29/17
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British Airways suffers 'major' IT failure »

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CNI

Canadian National

$77.01

-0.47 (-0.61%)

18:20
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18:20
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Canadian National reaches tentative labor with train conductors, yard employees »

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PPG

PPG

$107.24

0.33 (0.31%)

, AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

16:29
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05/29
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16:29
Hot Stocks
PPG says remains willing to engage with AkzoNobel »

PPG (PPG) issued the…

PPG

PPG

$107.24

0.33 (0.31%)

AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

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PPG

PPG

$107.24

0.33 (0.31%)

, AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

16:27
05/29/17
05/29
16:27
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16:27
Periodicals
Court rejects Elliott challenge against AkzoNobel, Bloomberg says »

The Dutch Commercial…

PPG

PPG

$107.24

0.33 (0.31%)

AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

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DIS

Disney

$108.41

1.14 (1.06%)

, VIA

Viacom

16:21
05/29/17
05/29
16:21
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16:21
Hot Stocks
Box Office Battle: 'Pirates' wins holiday weekend as 'Baywatch' stumbles »

Disney's (DIS)…

DIS

Disney

$108.41

1.14 (1.06%)

VIA

Viacom

VIAB

Viacom

$35.13

0.21 (0.60%)

FOX

21st Century Fox

$26.95

-0.28 (-1.03%)

FOXA

21st Century Fox

$27.03

-0.3 (-1.10%)

TWX

Time Warner

$99.07

0.1025 (0.10%)

CMCSA

Comcast

$40.91

0.57 (1.41%)

CMCSK

Comcast

LGF.A

Lionsgate

$27.76

2.21 (8.65%)

LGF.B

Lionsgate

$25.56

2.11 (9.00%)

SNE

Sony

$36.68

0.51 (1.41%)

03/08/13
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DGAS

Delta Natural Gas

15:56
05/29/17
05/29
15:56
05/29/17
15:56
Conference/Events
Delta Natural Gas to host special shareholder meeting »

Special Shareholder…

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FBRC

FBR & Co.

$17.65

0.65 (3.82%)

15:51
05/29/17
05/29
15:51
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15:51
Conference/Events
FBR & Co. to host special shareholder meeting »

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  • 01

    Jun

GM

General Motors

$33.07

0.47 (1.44%)

15:38
05/29/17
05/29
15:38
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15:38
Hot Stocks
General Motors says ISS recommends vote against Greenlight proposal »

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  • 06

    Jun

ABX

Barrick Gold

$16.38

0.39 (2.44%)

15:30
05/29/17
05/29
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15:30
Hot Stocks
Barrick Gold reports start, resolution of work stoppage at Veladero mine »

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  • 27

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WBAI

500.com

$9.62

0.86 (9.82%)

15:27
05/29/17
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15:27
Hot Stocks
500.com to acquire shares of MelcoLot Limited »

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RCII

Rent-A-Center

$11.21

0.07 (0.63%)

15:02
05/29/17
05/29
15:02
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Hot Stocks
Rent-A-Center says partly disagrees with ISS recommendation on board vote »

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  • 08

    Jun

NAT

Nordic American Tankers

$5.97

-0.58 (-8.86%)

14:58
05/29/17
05/29
14:58
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14:58
Earnings
Nordic American Tankers reports Q1 EPS (3c), may not compare to consensus (6c) »

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PTNR

Partner Communications

$5.16

-0.03 (-0.58%)

, NFLX

Netflix

$162.43

-0.62 (-0.38%)

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Israel's Partner Communications announces partnership with Netflix »

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PTNR

Partner Communications

$5.16

-0.03 (-0.58%)

NFLX

Netflix

$162.43

-0.62 (-0.38%)

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  • 01

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APOP

Cellect Biotechnology

$9.24

-0.14 (-1.49%)

14:48
05/29/17
05/29
14:48
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14:48
Earnings
Cellect Biotechnology reports Q1 EPS (3.7c), one estimate (22c) »

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RIC

Richmont Mines

$7.05

-0.15 (-2.08%)

14:43
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Richmont Mines reports 'strong' results from Island Gold Mine assessment »

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14:40
05/29/17
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14:40
General news
Canada Current Account Preview »

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14:35
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14:35
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14:35
General news
Canada Industrial Product Price Index Preview »

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HTHT

China Lodging

$79.24

1.97 (2.55%)

14:33
05/29/17
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14:33
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China Lodging completes Crystal Orange transaction, says plans guidance revision »

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ARW

Arrow Electronics

$74.90

-0.29 (-0.39%)

14:27
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Arrow Electronics collaborates with Singapore's AIRmaker on startup acceleration »

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  • 05

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NDAQ

Nasdaq

$67.58

-0.61 (-0.89%)

14:25
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14:25
Hot Stocks
Nasdaq selected to power Kazakhstan stock exchange »

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ESLT

Elbit Systems

$121.00

-0.02 (-0.02%)

14:10
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05/29
14:10
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14:10
Hot Stocks
Elbit Systems says awarded $390M electronic intelligence contract »

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CNI

Canadian National

$77.01

-0.47 (-0.61%)

14:08
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Canadian National says train conductors, yard employees give strike notice »

CN said Saturday that the…

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