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Fly News Breaks for June 25, 2019
Jun 25, 2019 | 07:26 EDT
With Tesla set to announce Q2 deliveries mid-next week, Oppenheimer analyst Colin Rusch notes that the company distributed its internally gathered consensus, which is below FactSet consensus. Overall, the analyst believes the Tesla consensus is more consistent with buyside expectations, and that units are the primary consideration of investors, while noting that gross margin is a close second as it will drive overall cash flow performance. Rusch continues to expect better than feared deliveries and remains constructive near-term. He has an Outperform rating on the shares.
News For TSLA From the Last 2 Days
Jul 16, 2019 | 06:17 EDT
Tesla has dropped the cheapest variants of its Model X and Model S from its product lineup and adjusted prices across its range, Reuters' Yilei Sun and Norihiko Shirouzu report. The automaker is limiting variants of its Model X sport-utility vehicle and Model S sedan to "Long Range" and the more expensive "Performance." The company is also raising the starting prices of the Model X to $84,990 and of the Model S to $79,990. Reference Link
Jul 15, 2019 | 08:55 EDT
Friday's total option volume of 18.9 million contracts resulted in net open interest growth of 2.79 million calls and 3.17 million puts. Micron (MU), Tesla (TSLA), Alibaba (BABA) and Facebook (FB) saw the greatest growth. Top five new positions opened include 22k Southwestern Energy (SWN) Aug-19 2.5 puts, 20k Tesla (TSLA) Jul-19 100 puts, 20k Facebook (FB) Jul-19 210 calls, 20k PG&E (PCG) Sep-19 25 calls and 19k Micron (MU) 7/26 weekly 46 calls.