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TSLA

Tesla

$305.33

-30.13 (-8.98%)

07:35
08/20/18
08/20
07:35
08/20/18
07:35

Technical Take: Tesla breaks round number support, levels to watch

The stock is extended its plunge that began last week. In the pre-market the shares were last down over 3.3% to $295.14. Support at current price is at $290.17. Resistance is at the $300 area.

  • 29

    Oct

TSLA Tesla
$305.33

-30.13 (-8.98%)

08/15/18
VERT
08/15/18
NO CHANGE
Target $88
VERT
Sell
Vertical Research says Model 3 demand 'collapsing,' Tesla unlikely to go private
Vertical Research analyst Gordon Johnson, who has had a Sell rating on Tesla since initiating coverage of the stock in April of this year, said in a note to investors earlier that he views Elon Musk's go-private proposition as a "distraction" from what appear to be several signs of "collapsing" demand for the Model 3. Among the signs of disappointing demand he points to are "thousands of M3s are being sighted in parking lots across CA"; data from Second Measure that points to no surge in configurations when Tesla opened up M3s to the general public; data showing that demand in Norway, Tesla's third largest market, was its "weakest ever" in July; and demand crashing in China and Canada due to car import tariffs and cutting of a subsidy, respectively. Noting that Lehman Brothers had floated the idea of being taken private in 2008, Johnson said that once any potential buyer gets into Tesla's books "the prospect of a $40bn-$50bn investment will evaporate" similar to what happened to the troubled bank. Johnson maintains a Sell rating with an $88 price target on Tesla shares.
08/15/18
VERT
08/15/18
NO CHANGE
VERT
Sell
Goldman involvement with Tesla 'doesn't mean anything,' says Vertical Research
Vertical Research analyst Gordon Johnson said Goldman Sachs (GS) being confirmed as a financial advisor to Tesla's (TSLA) proposed go-private offer "does not mean anything" beyond the "superficial optics" of the carmaker being able to "use Goldman's prestigious name to lend credence to the deal." Goldman is "in it for M&A fees" and agreeing to be an advisor is "not based on any inherent understanding of Tesla's value proposition, nor is it based on Goldman's confidence in Tesla's legal situation with respect to its significant issues surrounding disclosures and SEC involvement," according to Johnson, who maintains a Sell rating on Tesla shares.
08/16/18
BERN
08/16/18
NO CHANGE
Target $325
BERN
Tesla price target raised to $325 after 'taking company private' tweet at Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. raised his price target for Tesla to $325 after Elon Musk shocked investors last week when he tweeted that he was considering a take-private transaction for Tesla at $420 per share, and given the fact that it has been over a year since the analyst last adjusted his price target. Sacconaghi sees the odds of a successful take-private transaction at less than 50%, with downside to about $300 and upside to approximately $400.
08/16/18
EVER
08/16/18
NO CHANGE
Target $301
EVER
In Line
After visiting Tesla's Freemont facility, Evercore ISI says Model 3 'on track'
Evercore ISI analyst George Galliers said he is a bit more positive on Tesla following his trip to the company's Freemont facility, stating that Tesla "seems well on the way" to achieving steady production of 5,000 to 6,000 Model 3 units per week and that reaching 7,000 to 8,000 units per week seems "well within reach." Following the trip, he said the Model 3 looks to be "on track" and while he continues to forecast second half Model 3 production of 123,000 units, Galliers now believes his estimate could be 4%-7% too low. He maintains an In Line rating on Tesla shares with a $301 price target.

TODAY'S FREE FLY STORIES

DVAX

Dynavax

$6.36

(0.00%)

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DNKEY

Danske Bank

$0.00

(0.00%)

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Downgrade
Danske Bank rating change  »

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WD

Walker & Dunlop

$51.59

-0.92 (-1.75%)

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TD

Toronto-Dominion

$56.01

1.05 (1.91%)

16:36
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16:36
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16:36
Downgrade
Toronto-Dominion rating change  »

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  • 23

    May

16:36
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General news
Money Supply M2 Weekly Change data reported »

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GWGH

GWG Holdings

$15.25

0.05 (0.33%)

16:36
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16:36
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GWG Holdings receives noncompliance notification from Nasdaq »

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NSA

National Storage

$29.80

-0.195 (-0.65%)

16:35
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National Storage 'elevates' its CEO Arlen Nordhagen to Executive Chairman »

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  • 23

    May

  • 04

    Jun

16:34
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05/23
16:34
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16:34
General news
Fed Balance Sheet Level data reported »

Week of 5/22 Fed Balance…

MOS

Mosaic

$21.62

-0.72 (-3.22%)

16:32
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05/23
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16:32
Hot Stocks
Mosaic doubles quarterly dividend to 5c per share »

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  • 23

    May

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    May

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    Nov

ATIS

Attis Industries

$2.15

0.31 (16.85%)

16:32
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16:32
Hot Stocks
Attis Industries notified by Nasdaq of delinquent Q1 10-Q filing »

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FLMN

Falcon Minerals

$7.36

-0.26 (-3.41%)

16:32
05/23/19
05/23
16:32
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16:32
Initiation
Falcon Minerals initiated  »

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  • 04

    Jun

TRPX

Therapix Biosciences

$3.24

-0.03 (-0.92%)

16:31
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05/23
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16:31
Hot Stocks
Therapix Biosciences receives Nasdaq noncompliance notification »

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EQH

AXA Equitable

$20.96

-0.42 (-1.96%)

16:30
05/23/19
05/23
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  • 29

    May

  • 11

    Jun

DIS

Disney

$132.78

-1.06 (-0.79%)

16:28
05/23/19
05/23
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16:28
Periodicals
ESPN's Pitaro says 'all hands on deck' to draw younger viewers, Bloomberg says »

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  • 23

    May

  • 25

    Jun

CALX

Calix

$6.38

-0.25 (-3.77%)

16:27
05/23/19
05/23
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16:27
Hot Stocks
Calix director Kevin Denuccio purchases over $221K in company shares »

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  • 28

    May

BBY

Best Buy

$65.79

-3.47 (-5.01%)

, AAPL

Apple

$179.67

-2.94 (-1.61%)

16:25
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05/23
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16:25
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

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BBY

Best Buy

$65.79

-3.47 (-5.01%)

AAPL

Apple

$179.67

-2.94 (-1.61%)

FB

Facebook

$180.89

-4.36 (-2.35%)

AVP

Avon Products

$3.61

-0.46 (-11.30%)

MAXR

Maxar Technologies

$8.84

1.69 (23.64%)

BX

Blackstone

$41.14

-0.56 (-1.34%)

PLD

Prologis

$76.44

-0.13 (-0.17%)

LB

L Brands

$24.27

-0.02 (-0.08%)

GWR

Genesee & Wyoming

$94.01

7.945 (9.23%)

BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

CMG

Chipotle

$666.31

-39.74 (-5.63%)

NTAP

NetApp

$61.65

-0.93 (-1.49%)

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  • 23

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    May

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    May

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    May

  • 03

    Jun

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    Jun

  • 03

    Jun

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    Jun

  • 06

    Jun

  • 11

    Jun

  • 11

    Jun

  • 25

    Jun

  • 27

    Jun

  • 09

    Jul

  • 09

    Jul

  • 22

    Aug

  • 13

    Nov

BX

Blackstone

$41.14

-0.56 (-1.34%)

, BAM

Brookfield

$46.55

-0.25 (-0.53%)

16:23
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Periodicals
Genesee & Wyoming pursued by Blackstone, Brookfield, others, Bloomberg says »

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BX

Blackstone

$41.14

-0.56 (-1.34%)

BAM

Brookfield

$46.55

-0.25 (-0.53%)

GWR

Genesee & Wyoming

$94.01

7.945 (9.23%)

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  • 11

    Jun

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    Jun

  • 08

    Aug

  • 13

    Nov

MFIN

Medallion Financial

$6.44

0.06 (0.94%)

16:22
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05/23
16:22
05/23/19
16:22
Syndicate
Breaking Syndicate news story on Medallion Financial »

Medallion Financial files…

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  • 14

    Jun

RVEN

Reven Housing

$4.15

0.1 (2.47%)

16:21
05/23/19
05/23
16:21
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16:21
Syndicate
Reven Housing requests withdrawal of registration statement »

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  • 19

    Jun

DWDP

DowDuPont

$30.94

-0.8 (-2.52%)

, DD

Changed to DWDP

$0.00

(0.00%)

16:20
05/23/19
05/23
16:20
05/23/19
16:20
Hot Stocks
DowDuPont to change name, stock symbol »

The company confirmed…

DWDP

DowDuPont

$30.94

-0.8 (-2.52%)

DD

Changed to DWDP

$0.00

(0.00%)

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  • 23

    May

  • 23

    May

  • 29

    May

DXC

DXC Technology

$52.00

-2.5 (-4.59%)

16:20
05/23/19
05/23
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16:20
Hot Stocks
DXC Technology raises quarterly dividend to 21c from 19c per share »

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  • 23

    May

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/23/19
05/23
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05/23/19
16:20
Options
Closing CBOE SPX and VIX Index summary for May 23rd »

The CBOE Volatility Index…

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LGF.A

Lionsgate

$15.96

-0.06 (-0.37%)

, LGF.B

Lionsgate

$15.08

-0.12 (-0.79%)

16:19
05/23/19
05/23
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16:19
Hot Stocks
Breaking Hot Stocks news story on Lionsgate, Lionsgate »

Lionsgate down 8.7% to…

LGF.A

Lionsgate

$15.96

-0.06 (-0.37%)

LGF.B

Lionsgate

$15.08

-0.12 (-0.79%)

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  • 23

    May

  • 23

    May

GMED

Globus Medical

$40.59

-0.84 (-2.03%)

16:19
05/23/19
05/23
16:19
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16:19
Hot Stocks
Globus Medical announces results of ExcelsiusGPS clinical study published »

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  • 05

    Jun

DXC

DXC Technology

$52.00

-2.5 (-4.59%)

16:18
05/23/19
05/23
16:18
05/23/19
16:18
Earnings
DXC Technology reports Q4 EPS $2.19, consensus $2.09 »

Reports Q4 revenue…

03/08/13
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  • 23

    May

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