TSLA May 2020 370.000 put

OPR - OPR Delayed price. Currency in USD
13.20
0.00 (0.00%)
As of 3:55PM EST. Market open.
Stock chart is not supported by your current browser
Previous close13.20
Open14.70
Bid9.40
Ask11.55
Strike370.00
Expiry date2020-05-15
Day's range12.70 - 14.70
Contract rangeN/A
Volume11
Open interest147
  • Why Lockheed Martin isn't worried about China launching tons of spacecrafts
    Yahoo Finance

    Why Lockheed Martin isn't worried about China launching tons of spacecrafts

    Yahoo Finance speaks with Lockheed Martin executive vice president Richard Ambrose about the great space race at the 2020 World Economic Forum.

  • Bloomberg

    Tesla Reaches Deal Clearing Way for Michigan Service Centers

    (Bloomberg) -- Tesla Inc. has reached a settlement with the state of Michigan over its federal lawsuit challenging a state ban on direct-to-consumer sales, according to people familiar with the matter.In a partial victory for Tesla, the accord clears the way for the electric-car maker to open service centers in the state through a subsidiary, said one of the people, who asked not to be identified ahead of a filing in U.S. District Court that’s expected as soon as Wednesday. Customers will still have to title their cars in another state and transfer them to Michigan.The Michigan attorney general’s office had no immediate comment. Tesla representatives didn’t respond to requests for comment.Tesla, which sells its electric cars directly to consumers in roughly two dozen states, filed suit against Michigan in 2016 seeking to overturn its ban on auto manufacturers selling directly to consumers. The suit claimed a bill signed into law by then-Governor Rick Snyder in 2014 was an “anti-Tesla” amendment designed to favor the state’s automakers and franchise dealers.Instead of operating a network of franchised dealerships with hundreds of vehicles on the lot, Tesla’s strategy has been to open small stores in shopping malls and other visible locations with lots of foot traffic. General Motors Co., Ford Motor Co., Fiat Chrysler Automobiles NV and other carmakers operate under franchise laws that have been on the books for decades and were originally put in place to prevent manufacturers from opening stores that would compete with dealers.Key to SalesTesla has operated a gallery -- where it showcases vehicles but cannot sell them -- at a high-end mall in the Detroit suburb of Troy, Michigan, since 2017. Tesla owners in the state had to travel to Cleveland or Columbus, Ohio, to have their vehicles worked on until the company recently opened a service center in Toledo, near the state border.Tesla Chief Executive Officer Elon Musk said in July that service centers are key to growing sales.“You’ve got to have service, you have to have the supercharging and charging all sorted out, good consumer financing, and then the price must makes sense,” Musk said on an earnings call. “Any place where those four things are true, our sales are great. So we’re rolling out service centers like crazy.”In March, Tesla reversed a controversial plan to close most of its stores, but said that shoppers who visit its retail locations will be shown how to order a car on their phone in minutes. Its stores have played a critical role in educating consumers about making the switch to electric and in arranging test drives.Similar BattlesIn the 2016 lawsuit, Tesla said it was being stymied by automakers and dealers in Michigan. It’s been waging similar battles in Texas and Connecticut for a license to sell directly to consumers, arguing that it doesn’t violate dealers’ rights because the company doesn’t have any dealers.In 2016, Diarmuid O’Connell, then Tesla’s vice president of business development, accused GM of pushing legislation that would keep its direct-sales model banned in Indiana.Tesla now has two stores and one service center in the state, according to its website.(Updates with details of settlement terms in second paragraph)To contact the reporters on this story: Gabrielle Coppola in New York at gcoppola@bloomberg.net;Dana Hull in San Francisco at dhull12@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Kevin MillerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 2 ETF Areas to Gain From Michael Bloomberg's Campaign
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    2 ETF Areas to Gain From Michael Bloomberg's Campaign

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  • Bloomberg

    Tesla Shares May Reach $960 in Early 2021, Biggest Bull Says

    (Bloomberg) -- Tesla Inc.’s most bullish Wall Street analyst predicts the electric-car maker’s dizzying rally will accelerate this year and that the stock will trade in the $640-to-$960 range in early 2021.New Street Research analyst Pierre Ferragu anticipates the company will sell 2 million to 3 million cars per year after 2025 at industry-leading margins, justifying a market capitalization of $230 billion to $350 billion, or about $1,100 to $1,700 per share.“The stock will remain volatile, as the spread between bull and bear cases remains wide,” said Ferragu, who boosted his price target to a Street high. “And God only knows what the next controversy will be.”Tesla is set to report quarterly earnings next week. Shares of the company rose as much as 6.9% to touch $545.90 in New York on Tuesday, and have increased more than 100% over the past three months. A surprise third-quarter profit and strong deliveries for the fourth quarter helped fuel the rally, along with the opening of its China plant.Ferragu, who raised his price target to a $800 from previous $530, expects the company to beat estimates for free cash flow when it releases fourth-quarter earnings on Jan. 29.He also predicts 2020 delivery guidance will exceed projections, and sees a potential drop in gross margins in the first half of the year as Shanghai-assembled Model 3s -- which have higher fixed costs per car -- increase in the overall mix.Earlier on Tuesday, Bernstein analyst Toni Sacconaghi struck a cautious note, saying the Shanghai Gigafactory production could pressure margins in fourth and first quarter.(Updates share move in fourth paragraph.)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, Will DaleyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tesla Created Demand for Electric Cars, But Only for Teslas
    Bloomberg

    Tesla Created Demand for Electric Cars, But Only for Teslas

    (Bloomberg) -- Tesla Inc.’s stock is soaring, and traditional auto manufacturers are staging glitzy presentations of new plug-in models. You’d think the electric-vehicle age was finally dawning.But so far, Tesla is the only car company looking likely to benefit in the coming years. Look at every other corner of the U.S. auto industry -- the world’s most valuable automaker, dealers, consumer surveys and market forecasts -- and a more ominous picture emerges.A top American executive for Toyota Motor Corp., whose market value is still more than double Tesla’s even after Elon Musk’s epic run, recently warned of electric-car catastrophe. Auto retailers caution growth will be slow, citing still-high battery costs and range constraints. And far more U.S. shoppers are willing to kick the tires on a hybrid than cars that only plug in.The cause for concern remains as EVs start to appear in showrooms in greater numbers. The models on the market will swell almost sevenfold to 121 models in the next half decade, from 18 now, according to LMC Automotive. But the researcher sees all those vehicles claiming just 5.5% of U.S. sales in 2025.“We’re going to see electrified Armageddon,” Bob Carter, Toyota’s executive vice president of North American sales, told reporters in December. “Supply is going to get ahead of true customer demand.”There is irony, of course, in Carter predicting an EV reckoning just as Tesla was wrapping up a record year. The dim view he holds is not unique among legacy automakers, which have spent more than a century building and selling cars that burn fossil fuel. But that cautious mindset is rooted in pragmatism -- profits remain elusive in the high-cost, high-price EV business.That’s why Toyota and other automakers have been reluctant to dive head-first into EVs until they’re closer to reaching price parity with internal combustion engine vehicles, which BloombergNEF predicts will happen around 2024.Tesla is being rewarded for not waiting: Its shares surged another 6% on Tuesday to $540.94, a new intraday record. The stock has doubled since Tesla reported a surprise third-quarter profit in October, bringing the company closer to a $100 billion market value.EV sales are expected to grow to be roughly the size of the shrinking mid-size car segment by mid-decade, to about 934,000 units, LMC says. But whereas the meager family sedan market will be split between just 13 models, the researcher expects there to be more than nine times as many EVs fighting for air.Thanks to its hot-selling Model 3 sedan, Tesla accounted for nearly eight-in-10 EV sales in America last year. By 2025, LMC sees Tesla offering seven models that will account for a quarter of segment sales. That would leave the 114 competing offerings from other automakers averaging annual sales of 6,145 per model, or about 118 units a week.“It’s tough to make a business out of that volume per EV,” said Jeff Schuster, senior vice president of forecasting at LMC. “Electric vehicles are the future. What’s in question is when that future will arrive and when it pays off? It’s a long road and there definitely could be some carnage along the way.”Automakers, fearing they’ll be left behind if they don’t accelerate their shift from the internal combustion engine, are going to great lengths to build buzz for new electric models.Ford staged a star-studded unveiling of its Mustang Mach-E in an airplane hangar a short stroll from SpaceX, Musk’s rocket company. Porsche debuted its Taycan using Niagara Falls, a Chinese wind farm and a German solar site as backdrops.But with the notable exception of the Model 3, consumers have not been charged up by the highly touted electric offerings already on the market.Sales of the Chevrolet Bolt sagged almost 9% last year and the Nissan Leaf slumped 16%, with neither cresting 17,000 units. Last month, Mercedes-Benz put off the U.S. debut of its first EV by a year after Jaguar and Audi struggled to sell their first electric offerings.So far, only Tesla and its billionaire chief executive officer have come up with an alluring amalgam of status and sex appeal.“Tesla has created the market by having a mystique,” said Art St. Cyr, the head of American auto operations for Honda Motor Co., pointing to Musk’s Model 3. “If Honda, Toyota, GM or Ford made that vehicle, we probably wouldn’t sell them in those numbers.”Honda, Ford and Toyota, which all have a history of selling hybrids, see them prevailing for the time being because mainstream buyers continue to suffer “range anxiety” -- the fear of being stranded by running out of juice in an EV.“People are not generally willing to pay more to be inconvenienced,” St. Cyr said.General Motors Co. is jumping more aggressively into EVs, with plans to field 20 models worldwide by 2023 and sell 1 million by 2026. It’s joining forces with South Korea’s LG Chem Ltd. to build a $2.3 billion battery factory in Lordstown, Ohio, where the car manufacturer stopped building gasoline-fueled Chevrolet Cruze compacts last year.“Customers aren’t interested in hybrids,” Mary Barra, GM’s CEO, said during an industry conference in November.But a study released by Deloitte this month found 27% of U.S. consumers are actively considering a hybrid, while just 8% are looking at pure electrics. Some 59% of Americans still want gasoline-powered cars, the highest of any country Deloitte surveyed globally.Government mandates have made China the world’s top market for EVs, and European regulators also are stimulating demand with incentives to help reach more stringent goals for reduced emissions.But in the U.S., where President Donald Trump has sought to ease car-pollution rules and fuel is cheap, consumers are in no hurry to ditch the gas pump. The Deloitte study found consumers in the U.S. are most concerned about a lack of charging stations.“The automotive ecosystem still has some work to do in terms of making EVs as easy and convenient as internal-combustion engines,” said Craig Giffi, Deloitte’s vice chairman.The onslaught of new EVs coming could actually help solve the problem. Until now, most EVs other than Tesla’s have been boring “compliance cars” aimed at meeting tougher regulations, said Greg Brannon, director of automotive engineering at AAA, which just conducted a survey that found 96% of EV owners would buy another because the experience was better than expected.“Most people are looking for a crossover utility vehicle these days,” Brannon said. “Now, we’re seeing some of those coming, and that’s what it’s going to take. It has to be something people want to drive and can get excited about.”The pickup segment, home to the three best-selling models in the U.S., is about to get jolt, too. Musk caused a sensation with the unveiling of the Cybertruck in November. Ford has an electric truck under development recently filmed towing 1 million pounds of loaded rail cars. And Amazon.com Inc.-backed Rivian Automotive Inc. plans to roll out its R1T starting late this year.But for all the hype about the chips automakers are pushing forward on the table, it’s unclear when or if their gamble will pay off.“Somebody’s got to buy these things,” said Toyota’s Carter. “There is a market. The question is: How big and when will it mature?”(Updates with Tesla shares in eighth paragraph)\--With assistance from David Welch, Gabrielle Coppola, Chester Dawson and Melinda Grenier.To contact the reporter on this story: Keith Naughton in Southfield, Michigan at knaughton3@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Dimitra Kessenides at dkessenides1@bloomberg.net, Keith NaughtonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tesla (TSLA) to Build 300-Hectare European Factory in Berlin
    Zacks

    Tesla (TSLA) to Build 300-Hectare European Factory in Berlin

    Tesla's (TSLA) first European factory in Berlin to include an engineering and design center, which will be used to manufacture cars, batteries and powertrains.

  • Cooper-Standard (CPS) Diversifies on 3 New Fortrex Agreements
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  • Tesla (TSLA): Does This Rally Still Have Legs?
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    Tesla (TSLA): Does This Rally Still Have Legs?

    Does the most valuable US automaker have legs to continue its run after doubling in value in the past 3 months?

  • Tesla Slams Acceleration Petition Brought by ‘Short Seller’
    Bloomberg

    Tesla Slams Acceleration Petition Brought by ‘Short Seller’

    (Bloomberg) -- Tesla Inc. fired back against a petition filed with U.S. regulators, saying in a blog post Monday that it’s “completely false and was brought by a Tesla short seller.”The National Highway Traffic Safety Administration is evaluating allegations that Tesla Inc. vehicles contain a defect that can cause sudden unintended acceleration, according to a notice posted on the agency’s website last week. The review was prompted by a petition asking the agency to open a defect investigation of some 500,000 Tesla vehicles over the alleged flaw. The petition cited 127 consumer complaints to the agency and claims of 110 crashes.The Palo Alto, California-based maker of electric vehicles said it investigates every incident where a driver “alleges to us that their vehicle accelerated contrary to their input.” In every case where Tesla had the vehicle’s data, it confirmed the car operated as designed, the carmaker said.“The car accelerates if, and only if, the driver told it to do so, and it slows or stops when the driver applies the brake,” Tesla said in the post.NHTSA, after a technical review, can either deny the petition or grant it and open a formal probe of the alleged issue. Any member of the public can petition NHTSA for a defect investigation, and many have been rejected by the agency.In October, NHTSA said it would evaluate a separate petition alleging that Tesla updated battery management software in response to a potential defect that could lead to fires.\--With assistance from Ryan Beene.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, Pierre Paulden, Jonathan RoederFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Top Stock Picks for the Week of Jan 20, 2020
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    Top Stock Picks for the Week of Jan 20, 2020

    Tracey Ryniec and Kevin Cook take a look at two top Zacks Ranked stocks.

  • Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles
    Reuters

    Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

    The petition urged the agency to recall all Tesla vehicles, the Model S, Model X and Model 3, produced beginning in 2013. It cited media reports of crashes attributed to unintended acceleration and complaints filed with NHTSA.

  • Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon
    Zacks

    Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon

    Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon

  • Meritor's TransPower Buyout to Fuel Commercial EV Growth
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    Meritor's TransPower Buyout to Fuel Commercial EV Growth

    Meritor's (MTOR) TransPower buyout in sync with the company's M2022 priorities that focus on new business opportunities, margin expansion and cost-containment initiatives.

  • Tesla moves a step closer to opening first European factory with German property deal
    Reuters

    Tesla moves a step closer to opening first European factory with German property deal

    U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday. The U.S. carmaker last November announced plans to build a giant factory in Gruenheide, in the eastern German state of Brandenburg, giving it the coveted "Made in Germany" label just as local rivals prepare to launch competing models. Tesla's board of directors approved a purchase agreement with the state of Brandenburg on Saturday to acquire a 300-hectare property, Brandenburg government spokesman Florian Engels said in a statement.

  • 'You're stealing our water': Germans protest against Tesla gigafactory
    Reuters

    'You're stealing our water': Germans protest against Tesla gigafactory

    Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.

  • "You're stealing our water": Germans protest against Tesla gigafactory
    Reuters

    "You're stealing our water": Germans protest against Tesla gigafactory

    Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.

  • Elon Musk set to cash in at Tesla as deliveries and shares soar
    The Guardian

    Elon Musk set to cash in at Tesla as deliveries and shares soar

    Elon Musk set to cash in at Tesla as deliveries and shares soarThe boss of the electric carmaker has a $50bn pay package ready to roll if the firm hits a $100bn valuation

  • Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend
    Yahoo Finance

    Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend

    A rare 1948 Tucker is just one of the thousands of cars up for sale at the several Auctions underway this weekend in Scottsdale Arizona.

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    Virgin Galactic Stock Takes Off Before SpaceX and Blue Origin

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