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TSLA

Tesla

$273.25

2.13 (0.79%)

12:49
04/20/19
04/20
12:49
04/20/19
12:49

Tesla says four board members agreed to not stand for re-election

Tesla disclosed late Friday that in connection with "certain stockholder-friendly corporate governance initiatives," its board and Nominating and Corporate Governance Committee reviewed the board's composition, "focusing on a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently, while maintaining new ideas, expertise and experiences on the Board." As a result, on April 18, Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice agreed collectively with the board and its Nominating and Corporate Governance Committee that each of them will not stand for re-election to the board at the expiration of their respective current terms, which will be at the 2019 annual meeting of stockholders for Buss and Rice, at the 2020 annual meeting of stockholders for Jurvetson and, if stockholders approve a director term reduction proposal, for Gracias. "If our stockholders do not approve such proposal, Mr. Gracias' term will end at the 2021 annual meeting of stockholders. Such agreements did not result from any disagreement between Tesla and any of such directors," Tesla added in a filing with the SEC.

  • 22

    Apr

  • 24

    Apr

TSLA Tesla
$273.25

2.13 (0.79%)

04/18/19
SBSH
04/18/19
NO CHANGE
Target $238
SBSH
Sell
Tesla price target lowered to $238 from $273 at Citi
Citi analyst Itay Michaeli lowered his price target for Tesla after updating his model to reflect the recently reported Q1 deliveries. The analyst maintains a Sell rating on the shares.
04/16/19
OPCO
04/16/19
NO CHANGE
Target $437
OPCO
Outperform
Tesla's story undergoing yet another 'significant' shift, says Oppenheimer
Oppenheimer analyst Colin Rusch believes Tesla's story is undergoing "yet another significant shift." Beyond Model 3 demand and cost reduction driving operating cash flow, the analyst thinks the Model S and X refresh cycle and pricing strategy are in focus for short-term investors while the longer-term story is increasingly weighted to China sell-through. Important in the Model S transition is that it remains Tesla's highest margin product and provides some cover for lower margins on Model X and Model 3, he contends, adding that any reduced volume on that vehicle will be a headwind for Tesla's margins. Rusch is lowering Model S and X deliveries in his 2019 estimates and lowering margins looking for incremental information on production cadence. He reiterates an Outperform rating and a $437 price target on the shares.
04/11/19
ROTH
04/11/19
NO CHANGE
Target $240
ROTH
Neutral
Tesla price target lowered to $240 from $270 at Roth Capital
Roth Capital analyst Craig Irwin lowered his price target for Tesla (TSLA) to $240 from $270, while reiterating a Neutral rating on the shares. The analyst believes the direct read on Panasonic (PCRFY)/Tesla suspending plans for Gigafactory expansion is the partners probably do not see Tesla achieving projected sales volumes, and therefore necessary battery demand. The analyst thinks Tesla's battery costs are too high, with METI data pointing to Tesla's cell costs at around $240/kWh, while his checks show VW (VWAGY)/Porsche paying $250/kWh, indicating Tesla has no advantage here. Overall, Irwin believes Tesla's vehicle sales are slow because costs are simply too high for consumers.
04/10/19
04/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with a Neutral at Nomura Instinet. 2. Community Healthcare (CHCT) initiated with an Outperform at Baird. 3. Community Bank System (CBU) initiated with an Equal Weight at Stephens. 4. Fox Corp re-initiated with a Market Perform at BMO Capital. 5. Wendy's (WEN) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LTXB

LegacyTexas Financial

$39.02

0.11 (0.28%)

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UNP

Union Pacific

$165.49

0.885 (0.54%)

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MYOS

MYOS

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0.11 (8.53%)

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GM

General Motors

$36.71

0.58 (1.61%)

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Breaking Periodicals news story on General Motors »

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BXC

BlueLinx

$22.03

0.305 (1.40%)

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EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$374.21

19.31 (5.44%)

17:59
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U.S. expected to be open to ending aircraft subsidy dispute, Reuters says »

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$0.00

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BA

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19.31 (5.44%)

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  • 09

    Jul

FB

Facebook

$188.46

-0.43 (-0.23%)

17:56
06/18/19
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House Banking chair Waters calls on Facebook to halt Libra, Reuters says »

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  • 10

    Jul

OII

Oceaneering

$18.34

0.7 (3.97%)

, APC

Anadarko

$69.95

0.16 (0.23%)

17:36
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Oceaneering awarded supply contract for Mozambique LNG Project »

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OII

Oceaneering

$18.34

0.7 (3.97%)

APC

Anadarko

$69.95

0.16 (0.23%)

03/08/13
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  • 18

    Jun

GVA

Granite Construction

$44.64

1.335 (3.08%)

17:35
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Granite Construction JV awarded $275M highway construction project in Sacremento »

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APC

Anadarko

$69.95

0.16 (0.23%)

, FTI

TechnipFMC

$23.76

0.7 (3.04%)

17:33
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TechnipFMC awarded subsea contracts by subsidiary of Anadarko Petroleum »

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APC

Anadarko

$69.95

0.16 (0.23%)

FTI

TechnipFMC

$23.76

0.7 (3.04%)

03/08/13
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  • 18

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MDT

Medtronic

$97.96

0.65 (0.67%)

17:33
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  • 19

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EAF

GrafTech

$10.95

0.14 (1.30%)

17:20
06/18/19
06/18
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Syndicate
Breaking Syndicate news story on GrafTech »

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APC

Anadarko

$69.95

0.16 (0.23%)

17:12
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Anadarko Area 1 Plan of Development now effective »

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IMASY

Inmarsat

$0.00

(0.00%)

17:11
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Inmarsat awarded $246M Defense Information Systems Agency BPA »

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DLX

Deluxe

$41.32

-0.505 (-1.21%)

17:03
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Deluxe appoints Chief Strategy Officer, Chief Human Resources Officer »

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PFIE

Profire Energy

$1.40

0.03 (2.19%)

17:02
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HPE

HP Enterprise

$14.59

0.29 (2.03%)

, GOOG

Alphabet

$1,104.40

12.15 (1.11%)

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HPE

HP Enterprise

$14.59

0.29 (2.03%)

GOOG

Alphabet

$1,104.40

12.15 (1.11%)

GOOGL

Alphabet Class A

$1,105.22

12.51 (1.14%)

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  • 27

    Oct

HPE

HP Enterprise

$14.59

0.29 (2.03%)

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  • 25

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MTSI

Macom

$14.40

-0.02 (-0.14%)

16:55
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MTSI

Macom

$14.40

-0.02 (-0.14%)

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Macom to lay off 20% of staff or 250 workers, expects $50M in savings »

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SRRK

Scholar Rock

$19.95

1.265 (6.77%)

16:52
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Syndicate
Scholar Rock files to sell 3M shares of common stock »

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MTSI

Macom

$14.40

-0.02 (-0.14%)

16:50
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16:50
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Earnings
Macom cuts Q3 EPS view to (45c) to (41c) from (8c) to (4c), consensus (6c) »

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MTSI

Macom

$14.40

-0.02 (-0.14%)

16:48
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FTFT

Future FinTech

$1.18

0.04 (3.51%)

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PKOH

Park-Ohio

$32.11

-0.08 (-0.25%)

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