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Fly News Breaks for May 20, 2019
May 20, 2019 | 07:09 EDT
Wedbush analyst Daniel Ives lowered his price target on Tesla shares to $230 from $275 citing his reduced confidence in the company's ability to hit its 2019 unit guidance given what he calls "major concerns" around the underlying demand for the Model 3 in the U.S. Mixed signals about Model 3 demand "are becoming incrementally more challenging," said the analyst, who believes that the company should be focused on shoring up demand for the Model 3 rather than expanding into insurance, robotaxis, and "other sci-fi projects/endeavors." Ives, who calls the electric carmaker's second half of the year profitability targets "a Kilimanjaro-like uphill climb," keeps a Neutral rating on Tesla shares, which are down $8.11, or about 4%, to $202.92 in pre-market trading.
News For TSLA From the Last 2 Days
Jun 19, 2019 | 07:39 EDT
Tesla's VP of human resources and head of diversity, Felicia Mayo, has left the company, CNBC's Lora Kolodny reports. Mayo's departure follows the resignation of several other Tesla executives in the last year, including the company's general counsel and the CFO who's retiring. A company spokesperson told CNBC, "We'll miss Felicia and would like to thank her for her hard work over the last two years and wish her all the best in the future. We have a talented HR team in place that will continue to report into our VP of People & Places and will remain focused on advancing our mission and making Tesla a great place to work." Reference Link
Jun 17, 2019 | 10:30 EDT
$9M premium seller in Tesla tied to delta hedge. Trader on the Amex sells 6750 July 250 calls for $5.05 and sells 5400 Aug 250 calls for $10.80, tied to a buy of 325K shares at $224.0946. Option sales could be closing, in fact the Aug 250 call block may unwind the buy of 9999 for $2.74 noted here on June 4th when shares were under $180. If so the buyer decided to hit the brakes after a speedy 290% two-week gain.