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TSLA

Tesla

$227.01

-12.71 (-5.30%)

06:50
05/14/19
05/14
06:50
05/14/19
06:50

Tesla Model S suddenly ignites in Hong Kong parking lot, Bloomberg reports

A Tesla Model S suddenly caught fire in a parking lot in San Po Kong Plaza in Hong Kong less than a month after a similar occurrence was reported in Shanghai, Bloomberg's Angus Whitley and Zoe Ma report, citing the Hong Kong Economic Times. The vehicle had been parked for roughly half an hour before the battery began to emit smoke and flames appeared and firefighters took approximately 45 minutes to put out the fire. Reference Link

  • 11

    Jun

TSLA Tesla
$227.01

-12.71 (-5.30%)

05/07/19
LEHM
05/07/19
NO CHANGE
Target $192
LEHM
Underweight
Tesla share momentum may continue as bankruptcy concerns recede, says Barclays
Between last week's capital raise and cash infusions of potentially over 1B euros from regulatory credit sales, Tesla's cash balance is "comfortably replenished for the next year or so," Barclays analyst Brian Johnson tells investors in a research note. As such, the analyst says he would not be surprised to see continued positive momentum in the shares as bankruptcy concerns recede. However, he believes the appeal of Tesla shares to growth investors may fade and reiterates an Underweight rating on Tesla with a $192 price target. The stock closed yesterday up 31c to $255.34. Some of the "rational bulls" of Tesla may need to reassess the idea that the company will become a profitable auto market, as press accounts of the conference call on May 2 around the capital raise indicate that Elon Musk "sold" the deal based on the promise of autonomous robo-taxis by 2020, says Johnson. As a result, he believes Tesla appears to be pivoting from improving auto margins and profitability to going all-in on autonomy.
05/06/19
BOFA
05/06/19
INITIATION
Target $225
BOFA
Underperform
Tesla resumed with an Underperform at BofA/Merrill
BofA/Merrill analyst John Murphy resumed coverage on Tesla with an Underperform and $225 price target.
05/06/19
RBCM
05/06/19
NO CHANGE
Target $190
RBCM
Underperform
Tesla price target lowered to $190 from $200 at RBC Capital
RBC Capital analyst Joseph Spak lowered his price target on Tesla to $190, updating his model to include $1.6B in convertible debt issued for 2024 and noting that the capital raise could have been conducted from a "greater position of strength." Spak also kept his Underperform rating, forecasting free cash flow burn through 2021 while noting Tesla's sequential volume declines for ModelS/X/3 reported in Q1. The analyst further notes that Tesla's "narrative pivot" toward robo-taxis is premature and will also consume capital.
05/06/19
BARD
05/06/19
NO CHANGE
Target $400
BARD
Outperform
Tesla capital raise should refute lingering bear argument, says Baird
Baird analyst Ben Kallo said Tesla's equity and convertible notes offering was not necessarily needed, but "a prudent move" to boost the balance sheet and remove an overhang after liquidity was discussed on the Q1 earnings call. He also thinks the fundraising should refute lingering bear arguments that Tesla could not access capital markets due to a potential Wells Notice or a perceived reluctance by banks. Kallo, who thinks consensus expectations may be overly negative on the second half of 2019, has an Outperform rating and $400 price target on Tesla shares.

TODAY'S FREE FLY STORIES

GMED

Globus Medical

$40.59

-0.84 (-2.03%)

05:26
05/24/19
05/24
05:26
05/24/19
05:26
Downgrade
Globus Medical rating change  »

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  • 05

    Jun

BCRX

BioCryst

$3.54

0.09 (2.61%)

05:25
05/24/19
05/24
05:25
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05:25
Downgrade
BioCryst rating change  »

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03/08/13
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  • 29

    May

MRBK

Meridian Bank

$16.95

(0.00%)

05:25
05/24/19
05/24
05:25
05/24/19
05:25
Earnings
Meridian reports Q1 EPS 31c, consensus 22c »

Reports Q1 book value per…

03/08/13
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03/06/13
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03/06/13
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  • 12

    Jun

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$282.19

-3.43 (-1.20%)

05:24
05/24/19
05/24
05:24
05/24/19
05:24
General news
U.K. Prime Minister Theresa May announces she'll step down on June 7 »

In a public address,…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$282.19

-3.43 (-1.20%)

03/08/13
Wedge Partners
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IONS

Ionis Pharmaceuticals

$67.13

-1.42 (-2.07%)

05:20
05/24/19
05/24
05:20
05/24/19
05:20
Recommendations
Ionis Pharmaceuticals analyst commentary  »

Piper 'incrementally…

03/08/13
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  • 06

    Jun

  • 17

    Jun

  • 18

    Jun

ADSK

Autodesk

$169.64

-4.47 (-2.57%)

05:14
05/24/19
05/24
05:14
05/24/19
05:14
Recommendations
Autodesk analyst commentary  »

Autodesk Q1 results did…

03/08/13
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  • 10

    Jun

  • 12

    Jun

SPLK

Splunk

$128.68

-7.12 (-5.24%)

05:10
05/24/19
05/24
05:10
05/24/19
05:10
Recommendations
Splunk analyst commentary  »

Splunk exceeded most…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 13

    Jun

  • 09

    Jul

AMZN

Amazon.com

$1,815.30

-42.44 (-2.28%)

05:06
05/24/19
05/24
05:06
05/24/19
05:06
Recommendations
Amazon.com analyst commentary  »

Amazon shares will rally…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 03

    Jun

  • 25

    Jun

AAXN

Axon

$67.06

-1.29 (-1.89%)

04:58
05/24/19
05/24
04:58
05/24/19
04:58
Downgrade
Axon rating change  »

Axon downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 31

    May

  • 20

    Jun

KTB

Kontoor Brands

$38.51

0.82 (2.18%)

, ORN

Orion Group

$1.87

-0.12 (-6.03%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Hot Stocks
Kontoor Brands to replace Orion Group in S&P 600 at open on 5/24 »

V.F. Corp. (VFC) is…

KTB

Kontoor Brands

$38.51

0.82 (2.18%)

ORN

Orion Group

$1.87

-0.12 (-6.03%)

VFC

VF Corp.

$84.06

-6.32 (-6.99%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 13

    Nov

04:55
05/24/19
05/24
04:55
05/24/19
04:55
General news
Breaking General news story  »

Week of 5/24 Baker-Hughes…

QGEN

Qiagen

$38.48

-0.235 (-0.61%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Qiagen participates in a conference call with JPMorgan »

Life Science &…

03/08/13
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Citigroup
03/06/13
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  • 24

    May

  • 31

    May

  • 20

    Jun

  • 06

    Aug

AEL

American Equity

$28.63

-1.25 (-4.18%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
American Equity participates in a conference call with JPMorgan »

Life Insurance Analyst…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    May

  • 06

    Jun

TWI

Titan International

$4.47

-0.125 (-2.72%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Titan International management to meet with SIdoti »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    May

  • 12

    Jun

04:55
05/24/19
05/24
04:55
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04:55
General news
Durable Goods Orders Ex-transportation to be reported at 08:30 »

April Durable Goods…

04:55
05/24/19
05/24
04:55
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Conference/Events
Deutsche Bank to hold a conference »

10th Annual Asia…

ARWR

Arrowhead

$22.08

0.28 (1.28%)

, NAVG

Navigators

$69.97

(0.00%)

04:55
05/24/19
05/24
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Hot Stocks
Arrowhead to replace Navigators in S&P 600 at open on 5/24 »

The Hartford Financial…

ARWR

Arrowhead

$22.08

0.28 (1.28%)

NAVG

Navigators

$69.97

(0.00%)

HIG

Hartford Financial

$53.31

-0.915 (-1.69%)

03/08/13
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  • 11

    Jun

ANTM

Anthem

$277.80

-5.16 (-1.82%)

04:55
05/24/19
05/24
04:55
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04:55
Conference/Events
Anthem participates in a conference call with JPMorgan »

Managed Care/Facilities…

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  • 24

    May

  • 29

    May

ABB

ABB

$18.70

-0.26 (-1.37%)

, ALV

Autoliv

$64.53

-0.225 (-0.35%)

04:55
05/24/19
05/24
04:55
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04:55
Conference/Events
Jefferies to hold a tour »

5th Annual European…

ABB

ABB

$18.70

-0.26 (-1.37%)

ALV

Autoliv

$64.53

-0.225 (-0.35%)

ASAZY

Assa Abloy

$0.00

(0.00%)

ATLKY

Atlas Copco

$0.00

(0.00%)

EPOKY

Epiroc

$0.00

(0.00%)

SDVKY

Sandvik AB

$0.00

(0.00%)

VLVLY

Volvo AB

$0.00

(0.00%)

VNE

Veoneer

$17.45

-0.5 (-2.79%)

03/08/13
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03/08/13
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03/06/13
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  • 13

    Nov

  • 23

    May

HPR

HighPoint Resources

$2.03

-0.16 (-7.31%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
HighPoint Resources management to meet with Seaport Global »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    May

04:55
05/24/19
05/24
04:55
05/24/19
04:55
General news
Durable Goods Orders to be reported at 08:30 »

April Durable Goods…

NGD

New Gold

$0.64

-0.0022 (-0.34%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
New Gold management to meet with TD Securities »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 24

    May

BLCM

Bellicum Pharmaceuticals

$2.31

-0.18 (-7.23%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Bellicum Pharmaceuticals management to meet with Ladenburg »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    May

  • 13

    Jun

INFY

Infosys

$10.16

-0.06 (-0.59%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
Infosys management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    May

SSNLF

Samsung

$0.00

(0.00%)

04:55
05/24/19
05/24
04:55
05/24/19
04:55
Conference/Events
CLSA to hold a forum »

15th Annual CLSA Japan…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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