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TSLA

Tesla

$357.87

2.47 (0.69%)

17:58
08/11/17
08/11
17:58
08/11/17
17:58

Tesla to issue, sell $1.8B of senior notes due 2025

Following the announcement of Tesla's proposed $1.5B senior notes offering on August 7, Tesla announced that it has agreed to issue and sell $1.8B in aggregate principal amount of senior notes due in 2025, representing a 20% upsize. The Notes will have an annual interest rate of 5.30%, and the transaction is expected to close on August 18, subject to customary closing conditions. Tesla intends to use the net proceeds from this offering to strengthen its balance sheet during this period of rapid scaling with the launch of Model 3 and for general corporate purposes.

  • 02

    Oct

TSLA Tesla
$357.87

2.47 (0.69%)

08/08/17
08/08/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tesla (TSLA) upgraded to Buy from Hold at Argus with analyst William Selesky saying he expects Tesla to reach breakeven two quarters earlier than he'd previously forecast and sees the company achieving full-year profitability in fiscal 2019. 2. L3 Technologies (LLL) upgraded to Buy from Hold at Drexel Hamilton analyst Pete Skibitski saying he is "cautiously" optimistic that there will be a positive resolution in fiscal 2018 budget negotiations, which will benefit the entire space, and notes L3's international outlook has improved as the year has progressed. 3. Foot Locker (FL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Jay Sole saying he believes share weakness related to investor concerns surrounding share loss to Amazon (AMZN) and brands' own websites has created an "excellent" buying opportunity. 4. UPS (UPS) upgraded to Buy from Neutral at Citi with analyst Christian Wetherbee saying he sees a "clear path" toward double-digit earnings growth returning in 2018. 5. Cognizant (CTSH) upgraded to Buy from Hold at Berenberg with analyst Georgios Kertsos saying the market now considers U.S. immigration policy changes as unlikely, which leaves upside for investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
ARGS
08/08/17
UPGRADE
Target $444
ARGS
Buy
Tesla upgraded to Buy on strong Model 3 orders at Argus
As previously reported, Argus analyst William Selesky upgraded Tesla to Buy from Hold and set a $444 price target on the shares. He noted that Tesla has been getting 1,800 Model 3 orders per day without any advertising or marketing so far. While he notes the ramp-up of the mass market vehicle will lead to increased labor and overhead costs he expect those to diminish over the course of next year. Selesky now expects Tesla to reach breakeven two quarters earlier than he'd previously forecast and sees the company achieving full-year profitability in FY19.
08/08/17
ARGS
08/08/17
UPGRADE
Target $444
ARGS
Buy
Tesla upgraded to Buy from Hold at Argus
08/03/17
BOFA
08/03/17
NO CHANGE
Target $155
BOFA
Underperform
Tesla price target lowered to $155 from $165 at BofA/Merrill
BofA/Merrill analyst John Murphy said Tesla's Q2 results were a bit noisy, but generally above expectations. He said Model 3 ramp volume still remains unclear and expects it to take some time before it reaches any material scale, which could lead to production costs outweighing potential benefits of higher volume operating leverage for an extended time. The analyst expects Tesla will need to raise capital by year-end and believes investor patience will wear thin as further capital raises are net met with improving earnings, cash flow, or returns. Murphy lowered Tesla's price target to $155 from $165 on slightly lower forward estimates and maintains an Underperform rating.

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PEP

PepsiCo

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NSANY

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ECYT

Endocyte

$4.82

0.07 (1.47%)

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0.06 (1.09%)

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PGNX

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CBI

CB&I

$15.46

-0.16 (-1.02%)

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  • 28

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AAPL

Apple

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1.82 (1.05%)

11:20
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Active trading in Apple expiring options »

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DIS

Disney

$102.78

0.04 (0.04%)

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LGF.A

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FOXA

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CMCSK

Comcast

CMCSA

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TWX

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VIA

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  • 28

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$NSD

NASDAQ Market Internals

11:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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GNC

GNC Holdings

$5.65

0.2 (3.67%)

11:15
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GNC Holdings put volume heavy and directionally bearish »

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OSTK

Overstock.com

$61.05

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M

Macy's

$21.56

0.93 (4.51%)

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  • 18

    Mar

GM

General Motors

$44.37

0.075 (0.17%)

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10K GM Dec 44 calls sold at $1.20 »

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M

Macy's

$21.57

0.9366 (4.54%)

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  • 18

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MSON

Misonix

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TCEHY

Tencent

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, NTDOY

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NTDOY

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AMZN

Amazon.com

$1,175.50

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  • 18

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UEPS

Net 1 UEPS

$12.28

2.16 (21.34%)

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FORR

Forrester

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MRO

Marathon Oil

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  • 28

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  • 29

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SFTBF

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$NSD

NASDAQ Market Internals

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KNL

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  • 29

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