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TSLA

Tesla

$222.07

1.18 (0.53%)

, PCRFY

Panasonic

$0.00

(0.00%)

06:08
08/23/19
08/23
06:08
08/23/19
06:08

Tesla in talks with LG Chem for batteries in China, Reuters reports

Tesla (TSLA) is in advanced discussions with LG Chem to source batteries for vehicles to be made in its Shanghai plant, Reuters' Yilei Sun, Aakriti Bhalla and Ju-min Park report, citing a person familiar with the matter. The batteries made by the South Korean chemical company will be initially used in Model 3 cars that are to be manufactured in the plant near Shanghai, according to the report. Panasonic (PCRFY) is currently Tesla's exclusive battery cell supplier for new cars. Reference Link

TSLA

Tesla

$222.07

1.18 (0.53%)

PCRFY

Panasonic

$0.00

(0.00%)

  • 09

    Sep

  • 23

    Sep

TSLA Tesla
$222.07

1.18 (0.53%)

07/25/19
FBCO
07/25/19
NO CHANGE
Target $189
FBCO
Underperform
Tesla to be challenged to meet delivery guidance, says Credit Suisse
Credit Suisse analyst Dan Levy notes that Tesla posted a Q2 EPS miss. Broadly, while Tesla has maintained its narrative, the analyst expects the stock to be under pressure near-term, as expectations had risen post the Q2 deliveries release earlier this month. Levy reiterates an Underperform rating and $189 price target on the shares as the Q2 results reminded him of the challenges ahead for Tesla in gross margin, especially as it relates to Models S/X. While Tesla has maintained its delivery guidance, he believes the company will be challenged to meet it given challenges to S/X volumes and the phase-out of the U.S. EV tax credit.
07/25/19
ROTH
07/25/19
NO CHANGE
Target $224
ROTH
Neutral
Tesla price target lowered to $224 from $238 at Roth Capital
Roth Capital analyst Craig Irwin lowered his price target for Tesla to $224 form $238 after the company posted weak Q2 EPS, with automotive margins marking the lowest levels since Q1 of 2018. The analyst reiterates a Neutral rating on the shares.
07/29/19
MSCO
07/29/19
NO CHANGE
MSCO
Equal Weight
Morgan Stanley cuts Tesla estimates after Q2 report, keeps $230 price target
Following Tesla's Q2 earnings report last week, Morgan Stanley analyst Adam Jonas decreased his FY19 delivery estimate by about 2,000 to 345,000 units, lowered his full year auto gross margin forecast to 17.4% from 19.6% and cut his FY19 GAAP EPS estimate to ($8.94) from ($7.06). Jonas, who said his reduced gross margin and deliveries forecasts are offset by a lower CapEx forecast, keeps an Equal Weight rating and $230 price target on Tesla shares.
08/14/19
BERN
08/14/19
NO CHANGE
BERN
Tesla executive turnover notably high, 'not outlandish,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. performed a detailed benchmarking analysis of executive turnover at Tesla (TSLA) and at comparable companies that are young, fast growing, and largely Silicon Valley based, including Snap (SNAP), Uber (UBER), Lyft (LYFT), Airbnb, Netflix (NFLX), Facebook (FB) and Amazon (AMZN). His analysis indicates that Tesla's annualized executive turnover level has been 27%, "notably higher" than the cohort average of 15%. With that said, the analyst notes that it is "not outlandish," with Snap at 24% and Lyft at 23%, which is nearly as high.
PCRFY Panasonic
$0.00

(0.00%)

02/05/19
NOMU
02/05/19
DOWNGRADE
NOMU
Neutral
Panasonic downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Yu Okazaki yesterday downgraded Panasonic to Neutral and lowered his price target for the shares to 1,100 yen from 1,600 yen. The analyst sees an "uncertain growth scenario" with competitive conditions intensifying in Japan and overseas for the appliances segment.
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.
06/07/19
BOFA
06/07/19
NO CHANGE
BOFA
Buy
Toyota 'clearly more focused' on China business, says BofA/Merrill
BofA/Merrill analyst Kei Nihonyanagi maintained a Buy rating and $140.98 price target on Toyota Motor (TM) following The Nikkei's report that the automaker will partner with China's CATL, an automotive battery maker. In a research note to investors, the analyst says the report is somewhat "surprising," given Toyota announced a JV with Panasonic (PCRFY) earlier this year to produce automotive batteries for electric vehicles, but says Toyota is "clearly more focused" on its China business than before.
08/01/19
JEFF
08/01/19
DOWNGRADE
JEFF
Hold
Panasonic downgraded to Hold from Buy at Jefferies
Jefferies analyst Atul Goyal downgraded Panasonic to Hold from Buy and lowered his price target for the shares to 995 yen from 1,080 yen. The analyst cites the company's "continued earnings weakness and management's disappointing response to it" for the downgrade. He's disappointed management blamed the weaker than expected Q1 results on a weak macro environment in China and Europe instead of identifying weakness in its own business model.

TODAY'S FREE FLY STORIES

CAL

Caleres

$22.08

-0.71 (-3.12%)

16:35
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16:35
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Caleres appoints Angela Bass as Chief Human Resources Officer »

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  • 19

    Sep

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CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

, PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

16:34
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16:34
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Chesapeake Lodging completes sale of two new York hotels for $138M »

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CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

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CAE

CAE

$25.54

0.4 (1.59%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Conference/Events
CAE management to meet with CIBC »

Meetings to be held in…

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  • 20

    Sep

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    Nov

UNVR

Univar

$22.68

0.29 (1.30%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Hot Stocks
Univar selected as distributor for Unovyn's chlorinated paraffins in U.S. »

Univar Solutions has been…

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  • 23

    Sep

SGMS

Scientific Games

$23.62

-0.3 (-1.25%)

16:33
09/17/19
09/17
16:33
09/17/19
16:33
Hot Stocks
Scientific Games' Haddrill sells 45,681 common shares »

In a regulatory filing,…

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  • 23

    Sep

CLPHY

CLP Holdings

$0.00

(0.00%)

16:32
09/17/19
09/17
16:32
09/17/19
16:32
Conference/Events
CLP Holdings management to meet with CIBC »

Meeting to be held in…

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  • 19

    Sep

CBAY

CymaBay

$5.86

-0.02 (-0.34%)

16:31
09/17/19
09/17
16:31
09/17/19
16:31
Hot Stocks
CymaBay announces departure of Chief Medical Officer Pol Boudes »

CymaBay Therapeutics…

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  • 23

    Sep

AMR

Alta Mesa Resources

$0.12

0.0062 (5.64%)

16:31
09/17/19
09/17
16:31
09/17/19
16:31
Hot Stocks
Alta Mesa Resources receives Nasdaq notice of delisting »

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MGA

Magna

$53.89

0.05 (0.09%)

16:30
09/17/19
09/17
16:30
09/17/19
16:30
Conference/Events
Magna management to meet with CIBC »

Meeting to be held in…

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  • 17

    Sep

  • 19

    Sep

  • 24

    Sep

16:30
09/17/19
09/17
16:30
09/17/19
16:30
Options
Preliminary option volume of 17.2M today »

Preliminary option volume…

16:30
09/17/19
09/17
16:30
09/17/19
16:30
General news
Treasury Market Summary »

Treasury Market Summary:…

FB

Facebook

$188.13

1.89 (1.01%)

16:29
09/17/19
09/17
16:29
09/17/19
16:29
Hot Stocks
Facebook's Zuckerberg says Oversight Board a way to address 'harmful content' »

Mark Zuckerberg, the CEO…

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  • 20

    Sep

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  • 27

    Oct

TTWO

Take-Two

$130.79

2.085 (1.62%)

16:28
09/17/19
09/17
16:28
09/17/19
16:28
Hot Stocks
Take-Two's Rockstar debuts own PC game launcher »

Take-Two's Rockstar,…

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  • 18

    Sep

  • 13

    Nov

IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

16:27
09/17/19
09/17
16:27
09/17/19
16:27
Syndicate
Adesto Technologies files to sell Convertible Senior Notes due 2024 »

The amount was not…

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ADBE

Adobe

$284.59

1.54 (0.54%)

16:25
09/17/19
09/17
16:25
09/17/19
16:25
Earnings
Adobe sees FY19 digital experience bookings growth greater than 20% »

Adobe said in its Q3 call…

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  • 17

    Sep

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    Oct

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    Oct

JCAP

Jernigan Capital

$20.00

-0.04 (-0.20%)

, CUBE

CubeSmart

$35.92

0.82 (2.34%)

16:21
09/17/19
09/17
16:21
09/17/19
16:21
Hot Stocks
Jernigan Capital acquires membership interests in six properties »

Jernigan Capital (JCAP)…

JCAP

Jernigan Capital

$20.00

-0.04 (-0.20%)

CUBE

CubeSmart

$35.92

0.82 (2.34%)

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CHWY

Chewy

$30.20

-0.2 (-0.66%)

16:21
09/17/19
09/17
16:21
09/17/19
16:21
Earnings
Chewy sees FY19 revenue $4.75B-$4.8B »

The company sees 35%-36%…

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  • 17

    Sep

VRTS

Virtus Investment

$119.64

0.64 (0.54%)

16:21
09/17/19
09/17
16:21
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16:21
Hot Stocks
Virtus Investment names Wendy Hills as EVP and Chief Legal Officer »

Virtus Investment…

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  • 18

    Sep

  • 19

    Sep

YUM

Yum! Brands

$112.81

2.255 (2.04%)

16:20
09/17/19
09/17
16:20
09/17/19
16:20
Hot Stocks
Yum! Brands announces management changes »

Yum! Brands announced…

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  • 01

    Oct

CGC

Canopy Growth

$28.40

0.61 (2.20%)

16:20
09/17/19
09/17
16:20
09/17/19
16:20
Initiation
Canopy Growth initiated  »

Canopy Growth initiated…

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  • 26

    Sep

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/17/19
09/17
16:20
09/17/19
16:20
Options
Closing CBOE SPX and VIX Index summary for September 17th »

The CBOE Volatility Index…

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IOTS

Adesto Technologies

$10.63

-0.66 (-5.85%)

16:20
09/17/19
09/17
16:20
09/17/19
16:20
Initiation
Adesto Technologies initiated  »

Adesto Technologies…

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16:20
09/17/19
09/17
16:20
09/17/19
16:20
General news
Treasury TIC data revealed a big pop in foreign demand for U.S. securities in July »

Treasury TIC data…

PZZA

Papa John's

$52.00

-0.72 (-1.37%)

16:19
09/17/19
09/17
16:19
09/17/19
16:19
Initiation
Papa John's initiated  »

Papa John's…

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  • 13

    Nov

ATRO

Astronics

$31.20

-0.06 (-0.19%)

16:19
09/17/19
09/17
16:19
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16:19
Hot Stocks
Astronics announces new $50M share repurchase program »

Astronics Corporation…

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