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TSLA

Tesla

$299.30

-6.42 (-2.10%)

07:17
04/09/18
04/09
07:17
04/09/18
07:17

Small Tesla contractor sues automaker claiming nonpayment, WSJ reports

Tesla contractor American Integrated Services is suing the automaker over claims that it has not paid $513,473 for lead and abestos abatement-related work at its Fremont, California assembly plant under a $3.57M contract signed in January 2016, the Wall Street Journal reports, citing the lawsuit filing. Tesla called the matter "a minor commercial dispute" and added, "We paid AIS for all the work we authorized them to do. The additional payment they're seeking is for work that we did not authorize and that clearly was unnecessary. When we asked for documentation showing that Tesla had authorized this unnecessary work, they were unable to provide it." Reference Link

TSLA Tesla
$299.30

-6.42 (-2.10%)

04/04/18
LEHM
04/04/18
NO CHANGE
Target $210
LEHM
Underweight
Barclays continues to expect capital raise from Tesla in 2018
Barclays analyst Brian Johnson says that while Tesla's quarter-end Model 3 production push of 2,020 deliveries in the final week ended up ahead of investor expectations, he continues to see challenges to sustainability of production. Average weekly production in the quarter was only 750 units, Johnson tells investors in a research note. Further, the analyst continues to think a capital raise will be necessary in 2018. The lack of sustainable elevated production will keep Tesla "pressed on cash," Johnson contends. He keeps an Underweight rating on the shares with a $210 price target.
04/04/18
BERN
04/04/18
NO CHANGE
Target $265
BERN
Market Perform
Uncertainties loom ahead despite Tesla in-line Q1 deliveries, says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr notes that Tesla Model 3 deliveries missed guidance and consensus, but were nonetheless largely in-line with actual expectations. The analyst also points out that Tesla remains optimistic about production going forward but "we've heard this story before." Furthermore, Sacconaghi argues that while Tesla declared it "does not require an equity or debt raise," the margin and capex outlook remains uncertain. The analyst reiterates a Market Perform rating and $265 price target on the shares.
04/04/18
RBCM
04/04/18
NO CHANGE
Target $305
RBCM
Sector Perform
Tesla price target lowered to $305 from $380 at RBC Capital
RBC Capital analyst Joseph Spak lowered his price target on Tesla to $305 after the company's Q1 production data, saying that while the figures provided some "near-term relief" relative to "meaningfully" lowered expectations, they underscore a longer-term output concern. Spak further notes that his assumptions for Model 3 production have likely been "too aggressive" while adding that the 2K/per week production rate was likely due to a ramp and may not be sustainable. The analyst keeps his Sector Perform rating on Tesla.
04/05/18
BERN
04/05/18
NO CHANGE
BERN
BMW, Tesla among 'biggest losers' following Chinese tariffs, says Bernstein
Bernstein analyst Robin Zhu notes that China's Ministry of Commerce announced 25% incremental tariffs on U.S. imports of 106 types of goods, including essentially all automobiles, soy beans, chemicals, aircraft, and other goods. If enforced, this would mean cars imported from the U.S. would face 50% import tariffs, up from the usual 25%. The analyst believes the biggest losers would be BMW (BMWYY), Mercedes (DDAIF), Tesla (TSLA). BMW and Mercedes import the largest volumes of cars from the U.S. into China, followed by is Tesla with14k units of projected imports, he points out.

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AVLR

Avalara

$34.68

-1.375 (-3.81%)

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XLNX

Xilinx

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IVC

Invacare

$16.50

0.15 (0.92%)

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PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

20:39
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Pros Holdings 3.8M share Secondary priced at $34.00 »

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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
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ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
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Syndicate
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  • 16

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LABL

Multi-Color

$63.90

-1 (-1.54%)

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
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Hot Stocks
Breaking Hot Stocks news story on 58.com »

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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
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Earnings
58.com reports Q2 adjusted earnings per ADS 82c, consensus 68c »

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  • 16

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WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

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Triumph Group initiated at UBS »

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
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Hexcel initiated at UBS »

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  • 06

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ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
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Embraer initiated at UBS »

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CW

Curtiss-Wright

$130.92

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LLL

L3 Technologies

$208.08

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GD

General Dynamics

$192.29

-1.33 (-0.69%)

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BDRBF

Bombardier

$0.00

(0.00%)

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Bombardier initiated at UBS »

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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
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HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
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Harris initiated at UBS »

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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
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Periodicals
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$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

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