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TSLA

Tesla

$302.26

-45.18 (-13.00%)

08:54
01/22/19
01/22
08:54
01/22/19
08:54

Tesla plan for headcount reductions 'seems odd,' says JMP Securities

JMP Securities analyst Joseph Osha said he believes that the ASP and mix issues that Tesla highlighted in its publicly disclosed letter to employees on Friday are well understood, though he finds the company's headcount reduction plans "harder to understand" and thinks that news "seems odd" given Tesla's production struggles in 2018. However, Osha thinks the strength of Tesla's product portfolio and end market potential still stand in its favor and reiterates his Outperform rating and $408 price target on Tesla shares, adding that the upcoming maturing of its $920M convertible note "does not represent a crisis" in his view.

  • 30

    Jan

TSLA Tesla
$302.26

-45.18 (-13.00%)

01/18/19
BOFA
01/18/19
NO CHANGE
BOFA
BofA/Merrill maintains Undperperform on Tesla after employee headcount cut
BofA/Merrill analyst John Murphy maintained an Underperform rating and $225 price target on Tesla shares after the company disclosed this morning that it will reduce its full-time employee headcount by 7% in order to reduce costs. Murphy previously said he believed Q3 was likely to mark peak profitability for Tesla for the near future, and he believes the data, including this morning's headcount reduction, backs up his thesis. He is also cautious due to challenges in the ongoing Model 3 production ramp, "very material" cash burn, and the prospect of new competition. In Friday morning trading, shares of Tesla are lower by more than 9.5% to $3314.12.
01/18/19
ADAM
01/18/19
NO CHANGE
ADAM
Hold
Tesla news may be viewed positively when 'dust settles,' says Canaccord
Canaccord analyst Jed Dorsheimer believes the news this morning from Tesla will likely to create more volatility in the shares. However, when "the dust settles," Tesla's moves may be viewed as positives to align the business and set the company up for a more auspicious 2019, Dorsheimer writes in an email to investors. He points out Tesla is reducing its workforce by 7% after growing it 30% last year in an effort to address a mix shift to Model 3 and expiring tax credits. Tesla anticipates that added pressure on pricing without subsidies will force it to shift its product mix toward below $44,000 Model 3s in order to remain profitable, adds Dorsheimer. The analyst keeps a Hold rating on the shares, which are down 8%, or $28.21, to $319.10 in early trading.
01/18/19
MSCO
01/18/19
NO CHANGE
Target $291
MSCO
Equal Weight
Tesla likely to increase U.S. EV market domination in 2019, says Morgan Stanley
Morgan Stanley analyst Adam Jonas noted that Inside EVs reported that Tesla accounted for 80% of pure electric vehicle unit sales in the U.S. market in 2018 and he estimates it accounted for roughly 90% of the U.S. EV market by wallet share when adjusted for average transaction prices. During 2019, he expects to see Tesla's share of the U.S. EV market continue to rise, stating that competition is on the way, but not likely this year. Jonas keeps an Equal Weight rating and $291 price target on Tesla shares.
01/15/19
EGHT
01/15/19
INITIATION
EGHT
Sell
86 Research starts NIO Inc. with a Sell rating, $4.70 price target
86 Research analyst Robert Cowell initiated coverage of NIO Inc. (NIO) with a Sell rating and $4.70 price target, stating that the company offers "attractive" fully electric SUVs at "attractive" prices in China, but is "losing large sums of money by doing so." He has concerns that NIO's operations are not efficient enough and said it does not have the same potential to revolutionize EV manufacturing as Tesla (TSLA) does. Additionally, the company's price advantage for its SUVs over Tesla cars is reliant on government subsidies, noted Cowell.

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FB

Facebook

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-1.83 (-1.10%)

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GOOGL

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TWTR

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GM

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$36.51

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AMD

AMD

$26.43

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INTC

Intel

$53.20

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MRVL

Marvell

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MCHP

Microchip

$85.50

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MU

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NVDA

Nvidia

$177.40

-6.52 (-3.55%)

QCOM

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$56.71

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TXN

Texas Instruments

$109.51

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PLNT

Planet Fitness

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-0.825 (-1.22%)

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IRDM

Iridium

$26.40

-0.38 (-1.42%)

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

18:05
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General news
Sen. Sanders calls on White House to make Mueller report public »

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SPY

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-5.26 (-1.85%)

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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

, RNECY

Renesas

$0.00

(0.00%)

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IDTI

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$47.80

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RNECY

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$0.00

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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S&P 500

$0.00

(0.00%)

17:48
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17:48
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17:48
General news
Senator Warren urges AG Barr to release Mueller report to the public »

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SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

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BA

Boeing

$362.49

-10.2 (-2.74%)

17:44
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Lawmaker urges FAA, Boeing workers to utilize whistleblower page »

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  • 28

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GLD

SPDR Gold Shares

$123.97

0.29 (0.23%)

17:44
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SPDR Gold Shares holdings rise to 781.03MT from 778.09MT »

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17:40
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ONEXF

Onex

$0.00

(0.00%)

17:35
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Onex to acquire Gluskin Sheff »

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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

17:35
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Breaking Syndicate news story on DASAN Zhone »

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REPH

Recro Pharma

$9.73

0.1 (1.04%)

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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

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  • 28

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

17:34
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General news
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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

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CATS

Catasys

$13.19

-0.39 (-2.87%)

17:26
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Breaking Syndicate news story on Catasys »

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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

17:20
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Breaking Syndicate news story on U.S. Well Services »

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ADIL

Adial Pharmaceuticals

$2.97

-0.12 (-3.88%)

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STNG

Scorpio Tankers

$18.85

-0.66 (-3.38%)

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NAVB

Navidea

$0.14

-0.0001 (-0.07%)

17:13
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DJX

Dow Jones Industrial Average

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S&P 500

$0.00

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17:11
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Dow Jones Industrial Average

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S&P 500

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SPY

SPDR S&P 500 ETF Trust

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-5.26 (-1.85%)

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BA

Boeing

$362.49

-10.2 (-2.74%)

, NOC

Northrop Grumman

$268.29

-4.01 (-1.47%)

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Boeing awarded $4.14B Missle Defense Agency contract »

Boeing (BA) has been…

BA

Boeing

$362.49

-10.2 (-2.74%)

NOC

Northrop Grumman

$268.29

-4.01 (-1.47%)

RTN

Raytheon

$179.98

-1.94 (-1.07%)

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  • 28

    May

AAPL

Apple

$190.97

-4.1 (-2.10%)

17:09
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17:09
Periodicals
Partners not sure how Apple plans to package, price video service, CNBC says »

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  • 25

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RIVE

Riverview Financial

$11.20

(0.00%)

17:05
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17:05
Syndicate
Breaking Syndicate news story on Riverview Financial »

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