Tesla  much-hyped “Battery Day” set lofty targets but left much to be desired on near-term execution.  The electric  carmaker’s  market cap dropped $20 billion in just two hours after trading closed Tuesday, as Musk and other Tesla executives virtually and in person rolled out their new battery plans. While some analysts praised Tesla’s impressive technology for making proprietary Tesla batteries that could make electric cars competitive with mass market, petroleum-fueled cars, its capacity and cost targets, others were skeptical about Musk’s promises and questioned the three-year timeline he outlined for delivering the promised technology breakthroughs.Musk admitted that some of Tesla’s technology plans is proving “insanely difficult” to produce at high volume. Investors were expecting Musk to announce the development of a “million mile” battery good for 10 years or more, and a specific cost-reduction target  that would drop the price of an el

Electric carmaker Tesla’s shares got a price target hike from Piper Sandler analyst Alex Potter. Citing Tesla’s  Energy segment and  Elon Musk's compensation as “two poorly-understood aspects of Tesla's business” , Potter  has raised his price target on Tesla stock from $480 per share to $515 per share while reiterating an overweight rating on the shares. According to Potter, Tesla Energy is a topic "everyone tries to avoid" due to the lack of inclusion of the business line in many analysts' estimates.However, Piper Sandler feels that the business has significant growth potential and offers upside to Tesla's valuation.

Alongwith several investors probably trying to take the profits, another factor behind Friday’s decline was Friday the two-day dive by the entire technology sector. Also, on Wednesday, investment firm Baillie Gifford, the largest institutional investor in Tesla,  announced it had reduced its stake to below 5% in line with its portfolio guidelines.According to a Securities and Exchange Commission filing, the U.K.-based investment  group now owns less than 5% of Tesla, down from 6.32% (according to data from FactSet). Tickeron's analysis showed that  TSLA in -14.33% Downtrend, sliding for three consecutive days on September 03, 2020 As a Bearish sign, keep an eye on this company's ticker for future decline.

On Thursday, General Motors   and Honda  inked  a non-binding memorandum toward building a North American automotive alliance. The two automakers plan to collaborate on various segments in North America, and to share common vehicle platforms, including both electrified and internal combustion propulsion systems. According to the companies, discussions on plans will start immediately, with engineering work beginning in early 2021. The partnership between GM and Honda is a major expansion of existing collaborations between the two companies on autonomous vehicles, connected vehicle technology and fuel cells.GM’s [@Motor Vehicles] market capitalization is $44.3B.

On Tuesday, Tesla  announced plans to sell up to $5 billion worth of its stock in an "at-the-market" offering program. In a Securities and Exchange Commission filing, the electric carmaker stated that it has entered into a “equity distribution agreement” to sell up to 10 million shares, or about 1.1% of its total shares outstanding. Tesla’s move apparently seeks to take advantage of its recent stock price climb and split.In 34 of 44 cases where TSLA's MACD histogram became positive, the price rose further within the following month.

As auto makers roll out ever more sophisticated features to make your daily commute easier, the upgrades are also making your new car more vulnerable to cyberattacks, according to a new report. READ MORE...

Operational improvements in 2020 around sales volume was “well ahead of our previous expectations,” he wrote. However, Gong did express concerns over what he perceives is Nio’s “elevated” valuation.“Limited visibility on growth, execution and competition mean a wide range of outcomes are still possible,” Gong noted. Tickeron's analysis shows :  NIO's Aroon indicator reaches into Uptrend on August 20, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

The shares will be distributed  on August 28. A company's stock split has often led to the share price rising, as many investors view the split a sign of confidence in the company’s prospects.According to Credit Suisse analysts, the S&P 500 inclusion could lead to 'significant' additional of around 18 million shares ( which is around 10% of its outstanding total) from passive investors and fund managers that track the benchmark. According to Tickeron, TSLA's Aroon indicator reaches into Uptrend on July 22, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

The electric carmaker's shares climbed following the news. The stock split would lead to Tesla paying a four share dividend to each stockholder of record on August 21.The payment will come forth on August 28, and shall be  reflected in Tesla's share price on August 31.  Analyst Ben Kallo at Baird reaffirmed the neutral rating on Tesla stock while maintaining his price target of $1,658, which is about 21% higher than Tuesday's closing price.

Tesla reported its second quarter earnings that surpassed analyst’ expectations. The electric carmaker’s earnings for the quarter came in at $2.18 (ex-items) per share, well ahead of than  3 cents a share expected by analysts (based on Refinitiv data).The EPS marks a turnaround from the year-ago quarter’s adjusted loss of $1.12 a share. Revenue of $6.04 billion fell -5% year-over-year, but beat estimates of  $5.37 billion. “Demand is not our problem,” Chief Executive Elon Musk told analysts on a conference call after the results.

 Analysts Dan Levy and AJ Denham mentioned in a note that they see “multiple factors” causing the recent sharp run-up in Tesla stock,  including “EV euphoria” and short-sale covering and buying by momentum investors.The analysts cited tailwinds like Tesla’s Battery Day (when the company will unveil a long-lasting battery) and possibly positive earnings to be reported for the second-quarter as reasons behind their optimism for the stock. However, Levy  and Denham  cautioned that Tesla shares at current levels are “priced to perfection, we believe any material near-term negative datapoint could lead to a drawdown”. According to Tickeron, TSLA's Aroon indicator reaches into Uptrend on July 16, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

Tesla  is reportedly  planning to shutter  its factory in Fremont, California. According to publication Electrek, as the electric carmaker shut down its plant in March due to the COVID-19 outbreak,  it also decided to use the situation as an opportunity to  upgrade the facility (as reported by Electrek ) “The strategy follows Tesla’s famous GA4 assembly line built under a tent-like structure in 2018,” Electrek's report said. Electrek also mentioned an internal company leak that Tesla workers have suffered a spike in Covid-19 exposure, primarily at the Fremont factory. According to Tickeron, TSLA's Aroon indicator reaches into Uptrend on July 14, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.In 217 of 275 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month.

The odds of a continued Uptrend are 74%. The Moving Average Convergence Divergence (MACD) just turned positive.The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected. The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 8 days.

Brinkman also cited last week’s reports of an email from Chief Executive Elon Musk to Tesla’s staff saying, "breaking even is looking super tight."But he still thinks that Tesla shares have  a lofty valuation. According to Tickeron, TSLA's Aroon indicator reaches into Uptrend on July 02, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

Analyst Dan Ives said, “we're well ahead of expectations given the bleak COVID economic backdrop in a performance we would characterize as a 'major home run' speaking to its Teflonlike business model.That's well ahead of the Street consensus forecast of 72,000. According to Tickeron, TSLA's Aroon indicator reaches into Uptrend on June 19, 2020 For traders, this could mean going long on the ticker or exploring call options in the next month.

Ford Motor  reported a one-third drop in second- quarter sales from a year earlier, in line with analysts’ expectations. The automaker cited the coronavirus pandemic as a major reason behind the plunging sales. According to the company, Ford’s total Q2 sales decreased -33.3 percent. Daily rental revenue fell -94%, and commercial revenue plummeted -78%, due to production shutdowns. However, Ford's retail market share grew an estimated full percentage point to 13.3%, marking its best retail share quarter in five years – as the company shifted to online and remote sales.

Jonas also slashed his price target to $650 from $680. Although  Jonas was optimistic on  Tesla’s role in the adoption of electric vehicles, he also thought that the recent rise in the share price to over $1,000 may not capture some emerging risks.Many of these risks, according to  Jonas, are long-term, and could potentially affect fundamentals (growth and profitability) in a “materially negative way."

Tesla became the world’s most valuable automaker in terms of market cap, following news of  the electric carmaker being ready to bring the Tesla Semi to volume production.  Tesla stock price edged past  $1,000 per share today.“Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states.” (as reported by CNBC).Musk did not mention a timeline for production. In November 2017, the company unveiled its Semi commercial truck, initially set to be delivered in 2019.

Tesla  got a healthy price-target hike from Wedbush Securities analyst Dan Ives. Ives cited  the electric carmaker’s “turning the corner” in demand and production recovery,  following the covid-19 crisis. Ives boosted his one-year price target on Tesla’s shares to $800, around a third higher than his prior target. Amidst the challenges posed by the global pandemic, the company took a “major step forward” around addressing demand and production concerns with the Fremont artery now up and running following the resolution of Musk vs. Alameda County stand-off – according to Ives. The analyst mentioned that while 2Q delivery numbers remain uncertain due to logistical issues in the pandemic, and with lockdown restrictions beginning to ease across the U.S. and Europe, the underlying demand for Model 3 in China seems strong, with a “solid” May and June likely and clear momentum heading into 2H. TSLA enters an Uptrend as Momentum Indicator exceeded the 0 level on May 26

General Motors reported first quarter earnings that beat expectations.  The auto behemoth’s adjusted earnings for the three months ending in March came in at 62 cents per share, more than double the Street consensus estimate of 30 cents per share.