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TSLA

Tesla

$266.13

8.35 (3.24%)

08:31
03/31/18
03/31
08:31
03/31/18
08:31

Tesla acknowledges auto pilot involved in fatal crash

Tesla said in a blog post late Friday, "In the moments before the collision, which occurred at 9:27 a.m. on Friday, March 23rd, Autopilot was engaged with the adaptive cruise control follow-distance set to minimum. The driver had received several visual and one audible hands-on warning earlier in the drive and the driver's hands were not detected on the wheel for six seconds prior to the collision. The driver had about five seconds and 150 meters of unobstructed view of the concrete divider with the crushed crash attenuator, but the vehicle logs show that no action was taken. The reason this crash was so severe is because the crash attenuator, a highway safety barrier which is designed to reduce the impact into a concrete lane divider, had been crushed in a prior accident without being replaced. We have never seen this level of damage to a Model X in any other crash. Over a year ago, our first iteration of Autopilot was found by the U.S. government to reduce crash rates by as much as 40%. Internal data confirms that recent updates to Autopilot have improved system reliability. In the US, there is one automotive fatality every 86 million miles across all vehicles from all manufacturers. For Tesla, there is one fatality, including known pedestrian fatalities, every 320 million miles in vehicles equipped with Autopilot hardware. If you are driving a Tesla equipped with Autopilot hardware, you are 3.7 times less likely to be involved in a fatal accident. Tesla Autopilot does not prevent all accidents - such a standard would be impossible - but it makes them much less likely to occur. It unequivocally makes the world safer for the vehicle occupants, pedestrians and cyclists." Tesla shares closed Friday up $8.35 to $266.13. Reference Link

TSLA Tesla
$266.13

8.35 (3.24%)

03/28/18
OPCO
03/28/18
NO CHANGE
OPCO
Perform
'Deluge of bad news' highlights Tesla risks, says Oppenheimer
Oppenheimer analyst Colin Rusch notes that Tesla (TSLA) shares continue to suffer through a series of bad news, with Moody's downgrading its recent high-yield offering to B3 in line with S&P's B- rating, the National Transportation Safety Board announcing investigation of the accident on Highway 101 last week, and advanced driver assistance system partner Nvidia (NVDA) announcing the suspension of its ADAS testing program. The analyst continues to believe that pressure on Tesla's debt could be amplified in its equity pricing, and the increased scrutiny of ADAS programs by regulators along with the NTSB investigation could bring to light any technical issues in Tesla's system as well as question its implied technical leadership. He reiterates a Perform rating on Tesla's shares.
03/28/18
MSCO
03/28/18
NO CHANGE
Target $379
MSCO
Equal Weight
Tesla weakness presents a buying opportunity, says Morgan Stanley
Morgan Stanley analyst Adam Jonas attributes recent weakness in Tesla shares to a combination of continued delays in the ramp up of Model 3 production, negative headlines on autonomous cars, a credit rating downgrade by Moody's and a broader weakness in tech stocks. He would recommend using any further weakness from here as an opportunity to build an Equal-weight position in the stock, noting that its current share price leaves Tesla's stock midway between his base case and bear case valuation. While the stock trades below his assessment of fair value, Jonas keeps an Equal Weight rating on Tesla shares, as he believes that the risks associated with it are higher than an average North American automotive and shared mobility stock. Jonas maintains a $379 price target on Tesla shares.
03/29/18
NOMU
03/29/18
NO CHANGE
Target $420
NOMU
Buy
Nomura trims Tesla target to $420, says concerns 'largely without merit'
Nomura Instinet analyst Romit Shah lowered his price target for Tesla to $420 from $500 while keeping a Buy rating on the shares. The electric carmaker closed yesterday down 8%, or $21.40, to $257.78. The recent pullback in the stock is based concerns that are "largely without merit," Shah tells investors in a research note titled "Keeping the Faith." He notes the concerns center around accounting, insolvency risk, and passenger safety. Shah sees "significant momentum" for alternative energy vehicles, an "inferior" competitive landscape and continued progress on Model 3 production driving more than 70% top-line growth this year. The latter is "easily one of the fastest ever by a multibillion dollar company, Shah writes.
03/29/18
LEHM
03/29/18
NO CHANGE
Target $210
LEHM
Underweight
Barclays starting to sees cracks in Tesla bulls' 'pillars of faith'
Barclays analyst Brian Johnson believes the "pillars of faith" that Tesla (TSLA) bulls "hold dear" are starting to show some cracks. Volkswagen's (VLKAY) recent color on improving battery prices shows that even if Tesla maintains a lead in battery prices, that lead is narrowing, John tells investors in a research note titled "Challenging the blue pill pillars of faith." Further, he believes the Waymo/Jaguar partnership, combined with safety concerns post the recent Uber accident and fatal Tesla crash, reinforces that "Tesla is behind in autonomous driving." In addition, Model 3 production missteps, combined with increased competition, make it tougher for Tesla to become a market share leader in auto, the analyst adds. Further, Johnson thinks "weak execution" in auto, combined with little progress in autonomous and losses in Tesla Energy, make a "tough case for success in ancillary businesses." The analyst thinks any near-term relief rally in Tesla shares would be unsustainable. He keeps an Underweight rating on Tesla with a $210 price target. The stock in early trading is down 3%, or $6.87, to $250.91.

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NAVI

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ROST

Ross Stores

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SPCB

SuperCom

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-0.05 (-3.73%)

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DAL

Delta Air Lines

$55.60

-0.59 (-1.05%)

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AMZN

Amazon.com

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-15.89 (-1.05%)

, FOX

21st Century Fox

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DIS

Disney

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TGNA

Tegna

$12.11

-0.51 (-4.04%)

SBGI

Sinclair Broadcast

$29.33

-1.05 (-3.46%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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EOG

EOG Resources

$102.34

-3.435 (-3.25%)

14:15
11/20/18
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Options
EOG Resources put volume heavy and directionally bearish »

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FSI

Flexible Solutions

$1.46

(0.00%)

14:11
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Flexible Solutions acquires 65% of ENP Investments for $5.11M »

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ANWWQ

Aegean Marine

$0.00

(0.00%)

14:09
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Periodicals
Aegean Marine draws interest from about 20 parties, Bloomberg reports »

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FSI

Flexible Solutions

$1.46

(0.00%)

14:07
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Flexible Solutions rating change  »

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BBY

Best Buy

$62.96

0.77 (1.24%)

, WMT

Walmart

$94.30

-2.5 (-2.58%)

14:06
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NY AG says Walmart, Best Buy, Target have made changes to combat gift card fraud »

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Best Buy

$62.96

0.77 (1.24%)

WMT

Walmart

$94.30

-2.5 (-2.58%)

TGT

Target

$69.61

-7.52 (-9.75%)

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PFIN

P&F Industries

$7.60

(0.00%)

14:05
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P&F Industries repurchases 85,791 shares from seller in accretive transaction »

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14:05
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Options
Royal Dutch Shell call volume above normal and directionally bullish »

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ESV

Ensco

$6.20

-0.35 (-5.34%)

13:55
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Options
Ensco put volume heavy and directionally bearish »

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13:50
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General news
Oil Action: NYMEX crude »

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BSX

Boston Scientific

$34.59

-0.7 (-1.98%)

13:49
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Boston Scientific analyst commentary  »

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WDC

Western Digital

$45.45

0.33 (0.73%)

13:45
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Options
Western Digital call volume above normal and directionally bullish »

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  • 04

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EADSY

Airbus

$0.00

(0.00%)

13:38
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13:38
Periodicals
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NVS

Novartis

$88.66

0.37 (0.42%)

13:37
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  • 02

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BDRBF

Bombardier

$0.00

(0.00%)

13:36
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Periodicals
Bombardier frontrunner for 999-car NJT contract, Reuters says »

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  • 06

    Dec

CSX

CSX

$69.51

-2.56 (-3.55%)

13:35
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Options
CSX put volume heavy and directionally bearish »

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  • 27

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PCG

PG&E

$23.79

0.52 (2.23%)

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