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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%)

05/15/17
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.
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.
05/11/17
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.
05/09/17
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.

TODAY'S FREE FLY STORIES

ROKU

Roku

$21.87

-0.16 (-0.73%)

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TSRO

Tesaro

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0.89 (0.77%)

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0.73 (0.95%)

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NCNA

NuCana

$14.08

-0.3 (-2.09%)

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07:23
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Futures higher ahead of buy week of earnings »

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AIMT

Aimmune

$25.66

-0.06 (-0.23%)

, DBVT

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$48.07

0.92 (1.95%)

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AIMT

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DBVT

DBV Technologies

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0.92 (1.95%)

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FL

Foot Locker

07:23
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TXN

Texas Instruments

$95.18

1.73 (1.85%)

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Texas Instruments analyst commentary  »

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  • 24

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JPM

JPMorgan

$99.51

1.4 (1.43%)

07:22
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Periodicals
JPMorgan, Mosaic Smart Data partner to boost fixed-income trading, Reuters says »

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CLVS

Clovis

$77.50

0.73 (0.95%)

07:21
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  • 06

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BIIB

Biogen

$338.10

-4.32 (-1.26%)

, ESALY

Eisai

$53.38

-0.25 (-0.47%)

07:19
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Hot Stocks
Biogen, Eisai expand existing collaboration agreement »

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BIIB

Biogen

$338.10

-4.32 (-1.26%)

ESALY

Eisai

$53.38

-0.25 (-0.47%)

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  • 24

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NITE

Nightstar Therapeutics

$19.00

-0.1 (-0.52%)

07:19
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PCH

Potlatch

$53.00

-0.35 (-0.66%)

07:18
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Earnings
Potlatch reports Q3 EPS ex-items 94c, consensus 90c »

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  • 24

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PCH

Potlatch

$53.00

-0.35 (-0.66%)

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  • 24

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SAIC

SAIC

$70.88

1.04 (1.49%)

07:18
10/23/17
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Upgrade
SAIC rating change  »

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  • 14

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GGB

Gerdau

07:17
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VALE

Vale

07:17
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SCCO

Southern Copper

$43.13

-0.16 (-0.37%)

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FBR

Fibria Celulose

$16.24

0.45 (2.85%)

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PCH

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, DEL

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  • 24

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GOOG

Alphabet

$988.20

3.75 (0.38%)

, GOOGL

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Alphabet

$988.20

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GOOGL

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$1,005.07

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BIIB

Biogen

$338.10

-4.32 (-1.26%)

07:16
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Downgrade
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  • 24

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PCH

Potlatch

$53.00

-0.35 (-0.66%)

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PCH

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  • 24

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PSTI

Pluristem

$1.77

-0.035 (-1.94%)

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07:15
10/23/17
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General news
FX Update: The dollar traded firmer »

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HAL

Halliburton

$43.33

-0.09 (-0.21%)

07:14
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  • 23

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