TSLA Dec 2019 255.000 call

OPR - OPR Delayed price. Currency in USD
107.50
0.00 (0.00%)
As of 9:32AM EST. Market open.
Stock chart is not supported by your current browser
Previous close107.50
Open107.50
Bid0.00
Ask0.00
Strike255.00
Expiry date2019-12-20
Day's range107.50 - 107.50
Contract rangeN/A
Volume1
Open interestN/A
  • The Zacks Analyst Blog Highlights: General Motors, Ford, Tesla and Qualcomm
    Zacks

    The Zacks Analyst Blog Highlights: General Motors, Ford, Tesla and Qualcomm

    The Zacks Analyst Blog Highlights: General Motors, Ford, Tesla and Qualcomm

  • Bloomberg

    Congress Mulls Reviving Tax Breaks Prized by ADM, Tesla, GM

    (Bloomberg) -- U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill.The talks, which were held on Saturday, are focused on reinstating the so-called tax extenders, a move that could be a boon to the biofuel, alcoholic beverage and short-line railroad industries that were hoping to see renewal of valuable credits and deductions, according to a person familiar with the discussions.“Chairman Grassley has been leading bicameral negotiations on tax extenders and is working to make sure they are included in the year-end appropriations package,” Michael Zona, a spokesman for Grassley, said Saturday in a email. “Dropping tax extenders like biodiesel would be a major setback and may push more plants that employ thousands of Americans toward bankruptcy.”The negotiations are taking place as the House and Senate seek to strike a deal that would fund the government before the current stopgap package expires on Friday. The tax breaks lapsed at the end of 2017. Since then, businesses have been expecting Congress to retroactively extend the benefits as lawmakers have repeatedly done in years past. So far, no relief has materialized.The talks present a particularly acute boost to the biodiesel sector -- including Archer-Daniels-Midland Co. and Renewable Energy Group Inc. -- which is advocating for a retroactive extension of a $1 per gallon tax credit for biodiesel. Several plants have begun slashing production and laying off workers as a result of the two-year lapse of the tax credit.It also could also buoy tax breaks for those thinking of buying electric cars from General Motors Co. and Tesla Inc., which had been lobbying for an extension of a lucrative consumer tax credit for electric vehicle purchases. The $7,500 credit is still in effect, but Congress has capped the number of credits at 200,000 for each manufacturer. Both GM and Tesla have already reached the threshold.Beer, wine and spirits producers could also see their two-year tax break revived. The 2017 tax overhaul temporarily lowered the excise tax for brewers, wine makers and distillers. The provision, which has strong bipartisan support, is credited with helping the craft beverage industry expand.Others hoping to use the year-end spending bill as a vehicle for their tax credit includes the solar industry, which is preparing to see it’s 30% investment tax credit start decreasing next year.\--With assistance from Kaustuv Basu.To contact the reporters on this story: Laura Davison in Washington at ldavison4@bloomberg.net;Erik Wasson in Washington at ewasson@bloomberg.netTo contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Exclusive: U.S. agency probes 12th Tesla crash tied to possible Autopilot use
    Reuters

    Exclusive: U.S. agency probes 12th Tesla crash tied to possible Autopilot use

    The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut last week. The National Highway Traffic Safety Administration (NHTSA) special crash investigation program will investigate the Dec. 7 crash of a 2018 Tesla Model 3 on Interstate 95 in Norwalk, Connecticut, the agency confirmed. Autopilot had been engaged in at least three Tesla vehicles that were involved in U.S. crashes since 2016.

  • Mercedes Delays Electric Debut After Jaguar and Audi SUVs Flop
    Bloomberg

    Mercedes Delays Electric Debut After Jaguar and Audi SUVs Flop

    (Bloomberg) -- Mercedes-Benz is putting off the U.S. debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc.’s success.Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year. The German carmaker said in an emailed statement that it’s made the strategic decision to first support growing demand for the model in Europe, where deliveries began earlier this year.The world’s top-seller of premium autos has touted the EQC and the series of battery-powered models it has planned under the EQ sub-brand as an answer both to Tesla and its traditional rivals. But the initial electric vehicles Jaguar and Audi introduced in the U.S. market this year have underwhelmed on the sales charts, failing to keep up even with Tesla’s years-old Model S and X.Daimler has at least 10 purely battery-powered cars planned through 2022 to help meet tougher emissions rules around the globe. But while regulatory pressure is picking up, U.S. demand has been tepid for models other than Tesla’s lower-priced Model 3. Consumers continue to harbor concerns about limited driving range, long charging times and high sticker prices.Jaguar has sold 2,418 I-Pace SUVs in the U.S. this year through November, while Audi has delivered 4,623 e-tron crossovers, according to InsideEVs. By contrast, the website estimates that Tesla has sold about 111,650 Model 3 sedans.Luxury-car makers’ biggest retailers are divided over the outlook for electric cars in the U.S. In February, the president of Sonic Automotive Inc., the fifth-largest U.S. dealership group in the country, wondered aloud on an earnings call whether Tesla had built a cult following for its cars and said the brand needed to be taken seriously by BMW and others.But in October, Roger Penske, the chief executive officer of Penske Automotive Group Inc., said the I-Pace hasn’t sold as expected and that consumers have been canceling orders for the e-tron.“They’re expensive, and everyone has range anxiety, and to me, what’s going to be the residual value at the end?” Penske said during an earnings call. “The growth is going to be slow.”Automotive News first reported Mercedes’s decision to delay the EQC earlier Friday.\--With assistance from Christoph Rauwald.To contact the reporter on this story: Gabrielle Coppola in New York at gcoppola@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • U.S. agency probes 12th Tesla crash tied to possible Autopilot use
    Reuters

    U.S. agency probes 12th Tesla crash tied to possible Autopilot use

    The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle's advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday. The National Highway Traffic Safety Administration special crash investigation program will investigate the Dec. 7 crash of a 2018 Tesla Model 3 on Interstate 95 in Norwalk, Connecticut, the agency confirmed. The agency’s special crash investigation team has inspected 12 crashes involving Tesla vehicles where it was believed Autopilot was engaged at the time of the incident.

  • Tesla Zealotry on Street Fades as Focus Shifts to Fundamentals
    Bloomberg

    Tesla Zealotry on Street Fades as Focus Shifts to Fundamentals

    (Bloomberg) -- The perpetual war between Tesla Inc.’s bears and bulls may finally be simmering down.Passionate views about the outlook for the electric-vehicle maker have often led to polarizing takes from analysts, with some forecasting global dominance and others predicting an imminent death. But over the past year or so, those extremest stances have started to fade from the mainstream, according to Toni Sacconaghi, an analyst at Sanford C. Bernstein.“Bears are no longer expecting Tesla to run out of cash, while bulls have acknowledged the market’s lukewarm reception to unproven business models (Uber, WeWork, Peloton, etc.),” he wrote in a note to clients, adding that more investors have become focused on different ways to value Tesla shares.The zealots have backed off over the past year. Citron Research founder Andrew Left, once among the most prominent critics, threw in the towel on his short thesis. Morgan Stanley’s Adam Jonas, once an avid Tesla bull, conceded that a host of scenarios could call that optimism into question.Analysts’ average price target on the stock was $343 on Dec. 31, 2018, and currently stands at $292.Sacconaghi, who has the equivalent of a hold rating on the stock and a price target of $325, estimated that the company could be worth less than $250 a share or more than $500 per share, depending on how things shake out over the next few years. The stock fell 0.6% mid-day Friday to $357.37In the event that Tesla ultimately becomes the size of Volkswagen AG with the margins of BMW AG, the shares could rally to $530, the analyst said, ascribing a 20% chance to the outcome. The base-case assumption, in which Tesla matches the size and margins of BMW, yields a value of about $345, and has a 50% probability. The most pessimistic case, with a 30% possibility, will lead to a tumble to $155, Sacconaghi said.Jonas also published a note evaluating the most optimistic scenario for the company, raising his most bullish estimate to $500 from $440 per share, reflecting the potential for selling trucks and generating more revenue in China.Tesla shares are up 8.6% this year, compared with a 26% jump in the S&P 500 Index. If the stock price hovers around the same level, this would be the second straight year of single-digit percentage gain in the stock.\--With assistance from Gregory Calderone.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Brendan Walsh, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • FCC Votes 5-0 to Split Auto Safety Spectrum for Wi-Fi Use
    Zacks

    FCC Votes 5-0 to Split Auto Safety Spectrum for Wi-Fi Use

    The telecommunications regulator's undivided decision to open up unused spectrum for Wi-Fi is likely to fend off stiff opposition for the implementation.

  • Alphabet's Latent Logic Buyout Bolsters Waymo Initiatives
    Zacks

    Alphabet's Latent Logic Buyout Bolsters Waymo Initiatives

    Alphabet's (GOOGL) Waymo acquires Latent Logic to establish presence in the autonomous vehicle market of Europe and the U.K.

  • Bloomberg

    Tesla Loses Its Third General Counsel in the Last Year

    (Bloomberg) -- Tesla Inc. has lost its third general counsel in the past year.Jonathan Chang, a longtime attorney for the electric-car maker who was promoted to the role in February, left the company Dec. 6, according to people familiar with the matter. He’s taken the general counsel job at SambaNova Systems, the artificial intelligence startup announced Thursday.Chang, 41, joined Tesla in 2011. He was thrust into the general counsel role in February after Washington-based trial lawyer Dane Butswinkas lasted just two months with the company. His predecessor was Todd Maron, a former divorce attorney who had been in the job since 2014.Tesla shares pared a gain of as much as 2.8% on the news, trading up 1.6% to $358.22 as of 3:30 p.m. in New York.It was an eventful 9 1/2 months for Chang and Tesla. He took over from Butswinkas a day after Chief Executive Officer Elon Musk published problematic tweets about the outlook for vehicle production this year. Within a week, the U.S. Securities and Exchange Commission asked a judge to hold the billionaire in contempt of a 2018 settlement that required him to get social media posts that could be material to investors pre-approved.Musk and the SEC settled in April. That month, Tesla started waging a legal battle against a short seller it accused of trespassing at its California assembly plant and menacing workers. And in August, Walmart Inc. sued Tesla over rooftop solar fires at more than a half-dozen of the retailer’s stores. The two companies resolved the issue out of court last month.Last week, Musk, 48, emerged victorious from a four-day trial over another series of tweets in which he attacked a British cave expert who help rescue members of a Thai soccer team from a flooded cave. An eight-member jury unanimously decided his statements fell short of defamation.Chang is leaving a company seemingly on firmer footing than it’s been when other senior managers have left the last few years. Tesla reported a surprise third-quarter profit in October and said it was ahead of schedule launching its next high-volume electric vehicle, the Model Y crossover. Its shares have surged more than 40% since then and are trading up for the year.Tesla didn’t respond to questions including who will replace Chang, who declined to comment. The company, which is notorious for churning through top executives, has promoted from within of late rather than replace senior managers with splashy outside hires.Other Tesla departures this year that the company back-filled internally include J.B. Straubel, the co-founder who ceded the role of chief technology officer in July, and Deepak Ahuja, the chief financial officer who retired in March.(Updates with SambaNova statement in second paragraph)To contact the reporter on this story: Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Chester Dawson, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thyssenkrupp in talks with Tesla about German factory: Handelsblatt
    Reuters

    Thyssenkrupp in talks with Tesla about German factory: Handelsblatt

    Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to build near Berlin, a board member of the German conglomerate told a business daily. "We are in talks over carrying out certain services," Klaus Keysberg, board member in charge of steel and materials services at Thyssenkrupp, told Handelsblatt, declining to be more specific. Thyssenkrupp makes everything from elevators and submarines to car parts, steel and fertilizers plants.

  • Garmin, Movado and Tesla highlighted as Zacks Bull and Bear of the Day
    Zacks

    Garmin, Movado and Tesla highlighted as Zacks Bull and Bear of the Day

    Garmin, Movado and Tesla highlighted as Zacks Bull and Bear of the Day

  • Europe Gains Ground in Global Race to Sell Electric Cars
    Bloomberg

    Europe Gains Ground in Global Race to Sell Electric Cars

    (Bloomberg) -- Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.Momentum is building in a market that’s already the world’s second-biggest -- well behind China but significantly ahead of North America -- as the European Union on Wednesday set in motion an unprecedented plan to become net neutral on carbon emissions by mid-century. With car manufacturers already facing the stark choice of either selling emissions-free vehicles or paying stiff EU penalties on polluting models, 2020 is shaping up as do or die for the industry.“It’s better to subsidize electric cars than to pay high fines for selling combustion engines,” said NordLB analyst Frank Schwope. “We should see steady gains in the numbers next year.”In Europe, sales of pure electric and plug-in hybrid passenger cars are expected to grow 35% in the first nine months of 2020, a rate far higher than China and North America, according to BloombergNEF. Battery-only vehicles have long outpaced plug-in hybrids in the three regions.The forecast is for 32% growth in Europe this year, compared with a cooling of the market in China as the government pulls back on subsidies and in North America as Tesla Inc. sends more Model 3s abroad.The push to sell is taking on greater urgency as companies like Volkswagen AG spend record amounts to roll out new models. In Europe, electric cars still represent a relatively small proportion of the market -- although the share is approaching that of China.“Pricing and the development of charging infrastructure will be the cornerstone of EV growth,” said Fitch ratings analyst Emmanuel Bulle in an email, noting some consumers are reluctant to pay more for electric-only cars because of range anxiety.In response, European governments are also pushing for the expansion of charging networks. In the U.K. and Germany, companies like Char.gy and Ubitricity are integrating chargers into street lamp posts as a way to broaden infrastructure more quickly.Here’s a look at how key European markets are shaping up:GermanyEurope’s biggest car market will be the one to watch next year. Chancellor Angela Merkel unveiled a landmark climate package in September with subsidies aimed at boosting EV sales. The policy seems to be working, with Germany set to overtake much-smaller Norway as the regional battery-car leader.Car buyers paying less than 40,000 euros ($44,000) are eligible for state and company handouts of as much as 6,000 euros. This could cost as much as 2.6 billion euros by 2025, BloombergNEF estimates.The mechanism will likely influence the way German carmakers market their next round of battery-electric vehicles, according to Matthias Schmidt, a Berlin-based automotive analyst.“The 40,000-euro list price is going to be a very important level for BEVs in the next one to two years,” he said. VW will sell ID.3 cars for under 30,000 euros, while BMW AG’s electric mini has an entry-level price of 32,500 euros. Both will offer consumers a domestic alternative to Tesla’s Model 3.Overall, German carmakers plan to triple their electric-car offerings to 150 models by 2023 and invest 50 billion euros by 2024, according to Bernhard Mattes, head of the VDA automakers’ lobby.The government also wants 1 million charging points by 2025.FranceAt ground zero of the Paris climate accord, France is backing policies to promote electric cars and charging stations as a way to lower carbon emissions and support the domestic industry. The government has to tread carefully after cars emerged as a flash point during the massive Yellow Vest demonstrations that began against a fuel tax. Protesters said it said would hurt low-wage earners who couldn’t afford new vehicles, let alone electric ones.In the nascent market, Renault SA’s compact Zoe model has emerged as France’s best-selling fully electric vehicle so far this year with a 43% market share, ahead of the Model 3 and Nissan Motor Co.’s Leaf, according to consultancy Inovev. With 35,000 units sold in Europe in the first nine months of the year, the Zoe still lags far behind the Model 3, which registered nearly 63,000, according to BloombergNEF.The state gives as much as 6,000 euros plus a conversion bonus to buyers scrapping an old clunker for an electric car. In the greater Paris region, the local government has further sweetened the offer, with subsidies reaching as much as 14,500 euros when central and regional government contributions are combined and the buyer has a low income.United KingdomThe region’s second-biggest car market is battered by Brexit uncertainty, so growth in electric vehicle sales has given some relief to the broader slump. Sales of all-electric cars more than doubled through November to 32,911 units, according to the Society of Motor Manufacturers and Traders. Yet they captured just 1.5% of the overall market.The U.K. offers grants and rebates on pure electric vehicles of as much as 3,500 pounds after phasing out subsidies for hybrids last year. To be eligible, cars should be capable of traveling 70 miles without any emissions.The SMMT auto industry lobby is also seeking government help for battery manufacturing investments, as well as incentives and infrastructure spending to help prop up demand.NetherlandsThe small European country is punching well above its weight on electric car sales. The government now plans to give tax advantages for at least the next five years as a way to reach a long-term goal to have only clean cars in the country by 2050.For now, the Dutch system is a hotchpotch of incentives that includes exemptions on a road tax, and a much lower sales-tax rate applied to the first 50,000 euros of the price tag of an electric car.Local governments have also put in place their own measures. In Amsterdam, electric car or delivery van buyers could get as much as 5,000 euros toward their purchase while investment in battery-powered buses or trucks could net as much as 40,000 euros per vehicle.NordicsWhile Norway is set to lose its crown to Germany this year as Europe’s largest market for battery-electric cars, countries in the region have blazed a trail as early adopters because they were among the first to offer purchase incentives.Norwegian government sweeteners include exemption from duties such as import taxes, value-added tax and the annual road tax, while local authorities have also offered free parking, toll exemptions and allowed electric cars to use collective transport lanes.In Sweden, electric car buyers get a bonus of as much as 60,000 kronor ($6,300) at purchase. The two countries’ different approaches on incentives have had unintended consequences, with some Swedes cashing in on the bonus and then exporting their electric car to Norway, where usage is more generously subsidized.In Denmark, the Social Democrat government decided to cancel planned tax increases on electric cars and has increased tax deductions for driving an electric car to work.ItalyItaly lags far behind the other big European markets, with less than 8,000 battery-electric vehicles sold in the first nine months of the year, according to the European Automobile Manufacturers Association.“The government hasn’t so far provided a competitive system of public incentives for electric cars compared with other European countries,” said Stefano Aversa, chairman for EMEA of consultancy Alix Partners.A minimum of about 30,000 euros on the price of an electric car compares with best-selling compacts priced at between 10,000 euros and 15,000 euros in Italy, he said.Although the government in March unveiled incentives that work out to as much as 6,000 euro per vehicle, they are languishing because they’re not enough to bridge the price and cultural gap, according to Roberto Vavassori, head of the European parts supplier association Clepa.Sales could pick up next year when Fiat Chrysler Automobiles NV launches the first fully-electric version of its Fiat 500 city car and hybrid plug-in versions of the Jeep Renegade and Compass.\--With assistance from Ania Nussbaum, Ellen Proper, Niclas Rolander, Daniele Lepido, Siddharth Philip and Morten Buttler.To contact the reporters on this story: Tara Patel in Paris at tpatel2@bloomberg.net;Oliver Sachgau in Munich at osachgau@bloomberg.netTo contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tesla (TSLA) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Tesla (TSLA) Outpaces Stock Market Gains: What You Should Know

    Tesla (TSLA) closed at $352.70 in the latest trading session, marking a +1.11% move from the prior day.

  • What the Tech?
    Zacks

    What the Tech?

    Let's REALLY dive deep into the abyss which can be tech. Associate Stock Strategist Dan Laboe, Zacks' resident Tech geek joins us.

  • Tesla: The Year It Finally Meets Management Goals
    Zacks

    Tesla: The Year It Finally Meets Management Goals

    This year may be the first year that the company finally meets their lofty goals.

  • Reuters

    Tesla plans increasing imported Model 3 prices in China from January - sources

    U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan (£48,710.49) and 509,900 yuan, respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before Jan. 25 next year.

  • Tesla plans increasing imported Model 3 prices in China from January: sources
    Reuters

    Tesla plans increasing imported Model 3 prices in China from January: sources

    U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan ($62,495.56) and 509,900 yuan, respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before Jan. 25 next year.

  • Tesla's German plant to produce 500,000 cars a year - Bild
    Reuters

    Tesla's German plant to produce 500,000 cars a year - Bild

    Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros (£3.44 billion) in the plant.

  • Tesla's German plant to produce 500,000 cars a year: Bild
    Reuters

    Tesla's German plant to produce 500,000 cars a year: Bild

    Tesla plans to build 500,000 electric vehicles a year at its new factory on the outskirts of Berlin, Germany's Bild newspaper reported on Wednesday. Last month, Tesla Chief Executive Elon Musk announced that a site in Gruenheide, Brandenburg, had been chosen to build Tesla Model 3 and Model Y vehicles. German newspaper Frankfurter Allgemeine Zeitung reported that Tesla will invest up to 4 billion euros ($4.41 billion) in the plant.

  • Bloomberg

    Tesla’s German Factory to Produce 500,000 Cars a Year, Bild Says

    (Bloomberg) -- Tesla Inc. aims to produce as many as 500,000 of its Model 3 and Model Y electric cars annually at its planned factory close to Berlin, Bild Zeitung reported.The carmaker will employ about 10,000 people at the site, which will occupy an area equivalent to 420 soccer fields, the newspaper said, citing initial plans for the factory, which shows a complete production line as well as testing facilities. Construction is set to start next year.Tesla Chief Executive Officer Elon Musk wants Germany to sweep away its notorious red tape to speed construction of the facility, avoiding the bureaucracy that’s held up building Berlin’s new airport. Economy Minister Peter Altmaier said this week that he will try to ease regulatory hurdles that may snag construction. “There’s a lot at stake” in Tesla’s plan, he said.After a slow start, electric-vehicle sales are picking up in Germany, overtaking Norway as Europe’s biggest market. Chancellor Angela Merkel’s government is targeting as many as 10 million electric cars on German roads by 2030 to help achieve carbon-reduction targets.To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Chris Reiter, Iain RogersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Has Tesla (TSLA) Outpaced Other Auto-Tires-Trucks Stocks This Year?
    Zacks

    Has Tesla (TSLA) Outpaced Other Auto-Tires-Trucks Stocks This Year?

    Is (TSLA) Outperforming Other Auto-Tires-Trucks Stocks This Year?

  • Zacks

    Stocks Take a Rest After Three Days of Gains

    Stocks Take a Rest After Three Days of Gains

  • Tesla, Eldorado Resorts, Dick's Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day
    Zacks

    Tesla, Eldorado Resorts, Dick's Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day

    Tesla, Eldorado Resorts, Dick???s Sporting Goods, Gaming and Leisure Properties and Target highlighted as Zacks Bull and Bear of the Day

  • Bull of the Day: Tesla (TSLA)
    Zacks

    Bull of the Day: Tesla (TSLA)

    Bull of the Day: Tesla (TSLA)

  • Tesla on Autopilot Rear-Ends a Parked Cop Car in Connecticut
    Bloomberg

    Tesla on Autopilot Rear-Ends a Parked Cop Car in Connecticut

    (Bloomberg) -- Another Tesla Inc. vehicle operating on the carmaker’s driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of automated technology on public roads.A Tesla Model 3 sedan hit a parked police cruiser with its hazard lights flashing on a major highway near Norwalk, Connecticut, over the weekend. The collision occurred around 12:40 a.m. local time Saturday, when a highway-patrol vehicle stopped to assist a disabled SUV in the left-center lane of Interstate 95, according to a Connecticut State Police report.“When operating a vehicle your full attention is required at all times to ensure safe driving,” the state police wrote Saturday in a Facebook post. “Although a number of vehicles have some automated capabilities, there are no vehicles currently for sale that are fully automated or self-driving.”A similar incident last year in which a Tesla Model S slammed into the rear of a fire truck on a Southern California highway triggered an investigation by the U.S. National Transportation Safety Board. While neither crash resulted in injuries, both raise questions about the use and limitations of advanced driver-assist technology that can struggle to detect stationary objects.There’s no indication at this time that the NTSB’s Office of Highway Safety intends to investigate the latest crash, a spokesman for the agency said in an email. Representatives for Tesla didn’t immediately respond to requests for comment.On Saturday, the 2018 Model 3 was traveling in the same lane as the parked police cruiser, which it hit before continuing on and damaging the bumper of the disabled Jeep. The rear end of the police cruiser and front end of the Model 3 sustained “heavy” damage, but the state trooper was outside the police car at the time of the accident, according to the police report.The driver of the Tesla told police his car’s Autopilot feature had been activated and he was not facing forward -- he was checking on his dog in the back seat, according to the state police’s Facebook post. Police issued him a ticket for first degree reckless driving and endangerment.Tesla releases quarterly reports that it says indicate drivers using Autopilot are safer than those operating without it. The company also has said the system repeatedly reminds drivers they are responsible for remaining attentive and prohibits the use of Autopilot when warnings are ignored.(Updates with NTSB spokesman’s comment in fifth paragraph.)\--With assistance from Ryan Beene.To contact the reporter on this story: Chester Dawson in Southfield at cdawson54@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, David WelchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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