TSLA200619C00020000

OPR - OPR Delayed price. Currency in USD
170.87
0.00 (0.00%)
At close: 1:28PM EDT
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Previous close170.87
Open170.87
Bid201.70
Ask203.80
StrikeN/A
Expiry date2020-06-19
Day's range170.87 - 170.87
Contract rangeN/A
Volume1
Open interest1
  • 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.

  • Virgin Galactic Stock Takes Off Before SpaceX and Blue Origin
    Zacks

    Virgin Galactic Stock Takes Off Before SpaceX and Blue Origin

    Exciting milestones are being achieved in space travel rocket technology, attracting early investors and paying customers.

  • U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
    Reuters

    U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles

    The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. The petition covers 2012 through 2019 model year Tesla Model S, 2016 through 2019 Tesla Model X, and 2018 through 2019 Tesla Model 3 vehicles, the agency said.

  • Inside Tesla’s Attack on Germany’s Auto Establishment
    Bloomberg

    Inside Tesla’s Attack on Germany’s Auto Establishment

    (Bloomberg) -- German rangers stand guard to shoo away visitors from a nondescript stretch of forest near Berlin, where a sign nearby warns of “Lebensgefahr” (mortal danger).The precautions are part of the frantic activity underway to set up Tesla Inc.’s latest assembly plant, Elon Musk’s most daring attack on the German auto establishment. Workers wielding metal detectors have started combing through an area covering some 200 football fields to search for errant ammunition lurking beneath the sandy surface of tiny Gruenheide.It’s the first stage to prepare a site that could churn out as many as 500,000 cars a year, employ 12,000 people and pose a serious challenge to Volkswagen AG, Daimler AG and BMW AG. Once deemed free of World War II explosives, harvesters and trucks will roll in to clear thousands of trees in the first stage of development. The work needs to be done by the end of February to meet Tesla’s aggressive timetable. The project represents a second chance for the quiet town, nestled between two lakes on the edge of a nature reserve southeast of Berlin.Gruenheide lost out on a similar factory two decades ago, when BMW opted for Leipzig. That missed opportunity helped town officials to move quickly when Tesla expressed interest in building its first European factory in Germany, with a plot set aside for industrial use and offering easy access to the Autobahn and rail lines.Read More: Elon Musk’s German Factory Started With Love Letter From Berlin“The investment is a unique opportunity,” Mayor Arne Christiani said in his office, where a map of the Tesla project hangs on the wall. “It gives young people with a good education or a university degree the possibility to stay in our region—an option that didn’t exist in past years.”If it clears Germany’s red tape, the plant will make batteries, powertrains and vehicles, including the Model Y crossover, the Model 3 sedan and any future cars, according to company filings. The factory hall will include a pressing plant, paint shop and seat manufacturing in a building that will be 744 meters (2,440 feet) long—nearly triple the length of the Titanic. There’s space for four such facilities.Musk is taking his fight for the future of transport into the heartland of the combustion engine, where the established players long laughed off Tesla as an upstart on feeble financial footing that couldn’t compete with their rich engineering heritage. He casually dropped the news at an awards ceremony in Berlin in November, leaving the top brass of Germany’s car industry shell-shocked.“Elon Musk is going where his strongest competitors are, right into the heart of the global auto industry,” said Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler. “No other foreign carmaker has done that in decades given Germany’s high wages, powerful unions and high taxes.”Building a factory in Europe’s largest car market is a major test of Musk’s global ambitions. Demand in the region is flat, and buyers are more loyal to local brands. Meanwhile, labor costs in Germany’s auto sector are 50% higher than in the U.S. and five times what they are in Poland, just an hour’s drive away from Gruenheide.Gruenheide TimelineEnd February: Finish tree logging before migrant birds nest March 5: Deadline for comments from nearby residents March 18: Public meeting to discuss the project Mid-2020: Construction expected to begin July 2021: Targeted start of productionOn the positive side, electric cars require less labor to build, and Germany has a deep reserve of auto experts. The location also offers the soft-power advantage of proximity to the country’s leaders.Under pressure for being slow to pick up on the electric-car shift, Chancellor Angela Merkel’s government extended a welcoming hand to Musk. Economy Minister Peter Altmaier offered to try to ease regulatory hurdles that may snag construction. “There’s a lot at stake” in Tesla’s plan, he said soon after the project was announced.Musk’s incursion comes at a strategically opportune time. Riding a wave of optimism after successfully starting deliveries of its China-built Model 3 sedans a year after breaking ground on a factory there, Tesla’s stock has doubled in the past three months.Meanwhile, German peers are struggling with the costly shift away from combustion engines. Volkswagen and Mercedes-Benz parent Daimler announced thousands of job cuts last year, when German car production fell to its lowest level in almost a quarter of a century. For Gruenheide, the planned investment has suddenly transformed the town of 8,700 people into a sought-after location. Local officials receive development proposals on a daily basis: anything from 22-story apartment towers to U.S.-style shopping malls, said Christiani, who hopes the plant will help unlock financing for public transport, schools and medical facilities.In the town hall, five thick binders are available for locals to peruse the project’s details, including 463 trucks expected to roll into the plant each day, a rail spur for train deliveries and an on-site fire brigade.Tesla still has to jump through a number of hoops. Residents have the chance to raise objections, and some have bemoaned that they’ve seen little from the company since its blockbuster announcement. Meanwhile, the local water utility warned it won’t be able to supply the site in time and raised concerns over its location in a zone meant to help protect drinking water supplies.And then the company has to carry out initiatives to protect wildlife—including scaring off any wolves in the area, relocating hibernating bats and removing lizards and snakes until construction is finished. The U.S. carmaker also has to replace felled trees.The mayor expects these hurdles to be cleared so that the first made-in-Gruenheide Teslas can roll out in July 2021.“The forest is classified as a harvest-ready, inferior pine forest,” Christiani said. “It was never supposed to be a rain forest.”—With assistance from Hayley Warren  (Adds criticism from water utility in 17th paragraph.)To contact the author of this story: Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editor responsible for this story: Chris Reiter at creiter2@bloomberg.net, Craig TrudellChad ThomasFor 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.

  • Foxconn May Be About to Prove Elon Musk Wrong
    Bloomberg

    Foxconn May Be About to Prove Elon Musk Wrong

    (Bloomberg Opinion) -- Five years ago, in a routine display of trash talking, Tesla Inc.’s Elon Musk made a now infamous quip about how hard it is to manufacture automobiles.“Cars are very complex compared to phones or smartwatches,’’ he told German newspaper Handelsblatt. “You can’t just go to a supplier like Foxconn and say: Build me a car.”He may be proven wrong. Foxconn Technology Group, through its Hon Hai Precision Industry Co. unit, will establish a joint venture with Fiat Chrysler Automobiles NV, the Taiwanese company said in an exchange filing Thursday. While not yet signed, they expect their 50-50 enterprise will “develop and manufacture electric vehicles and engage in IOV (internet of vehicles) business,” referencing a growing ecosystem of connected cars that share location, weather, traffic and vehicle information.Hon Hai would be responsible for design, components and supply chain management, Chairman Young Liu told Debby Wu of Bloomberg News. Foxconn might not actually do final assembly, he said.If you’ve ever visited Foxconn’s global headquarters on the outskirts of Taipei, you’d know that the prospect of the company designing cars is disconcerting. It truly is one of the ugliest office buildings in the world. So let’s hope Fiat Chrysler takes the driver’s seat on that.However, components, supply chain management, and manufacturing are right up Foxconn’s alley. The company makes most of Apple Inc.’s iPhones and iPads, as well as a lot of the electronics that go into cars, including Teslas.Tesla’s then-head of vehicle engineering, Doug Field, whose resume includes Apple and Ford Motor Co., in February 2018 subtly dissed the Foxconn-Apple relationship. “The model at Foxconn was very different” from Tesla, because the Taiwanese company uses manual labor to achieve economies of scale quickly. The iPad is a product “whose simplicity is orders of magnitude below ours.” Field returned to Apple later that year.Let’s agree, cars are indeed more complicated than tablets or smartphones. But I’ll say that there’s no way Elon Musk could churn out half a million handsets per day, consistently, with quality and on time.By contrast, Foxconn, because of the reasons Field outlined, could be well placed to leverage its 40 years of experience in manufacturing, scale and manual processes to get Fiat Chrysler to mass production of electric vehicles quicker than almost anyone in the world. After all, Foxconn’s giant workforce and scale mean it’s the only company that can churn out 5 million iPhones a week at launch every year for the past decade.With scale comes not just cost advantages but supply-chain leverage, an important element when you’re hunting down parts that may be in short stock. Batteries, for example, have been a bottleneck for Tesla deliveries in the past. But when your client list includes Apple, Dell Inc., HP Inc. and a dozen other companies that need batteries by the container, suppliers are likely to put you higher on the priority list. Given that they’re the largest cost of an electric vehicle, solving both the supply problem and then using scale to force costs down could give Foxconn and Fiat Chrysler an edge.Having electric vehicles more readily available and delivered on time might even take the gloss off the cult of Tesla, which is driven in part by the difficulty of getting your hands on one. Yet Fiat Chrysler needs to ensure that Foxconn doesn’t mess it up. It’s known to be domineering in partnerships, with an obsession toward efficiency and cutting costs, rather than value-added branding. Its venture with HMD Global Oyj to revive the Nokia name looked promising until Foxconn executives started pulling rank, overruling those who truly knew how to design and market phones. Many of the talented members of the consortium left and the brand is unlikely to see the revival that many had expected.Sure, Fiat Chrysler is taking a risk by betting on Foxconn. But the U.S.-Italian car company doesn’t have much to lose, and knows that it has little time to waste. Chief Executive Officer Mike Manley is hoping to merge with France’s PSA Group, and told investors in October that electrification could happen on a grand scale after that.It’s also likely to join a self-driving car venture being set up by BMW AG and Daimler AG, Bloomberg reported this month. Such plans necessitate the kind of electric vehicle technologies it doesn’t currently have. Foxconn doesn’t, either, but between them there’s every chance the two companies can develop or acquire what’s needed.If Foxconn really wants to make it in electric vehicles, it will need to learn from Fiat Chrysler the importance of good design, marketing savvy, and brand mystique. In other words, a little bit of Elon Musk.Just not too much.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • IPhone Manufacturer Gets Into Electric Cars Via Fiat Venture
    Bloomberg

    IPhone Manufacturer Gets Into Electric Cars Via Fiat Venture

    (Bloomberg) -- Hon Hai Precision Industry Co., the main assembler of Apple Inc.’s iPhones, will establish a joint venture with Fiat Chrysler Automobiles NV to develop and make electric vehicles in China.Hon Hai and its subsidiaries will hold 50% of the venture and Fiat Chrysler the rest, the Taiwanese company said in an exchange filing. While the two companies have yet to sign a formal agreement, they plan to target the Chinese market first and consider exporting cars later. They aim to ink the agreement in the first quarter, according to a person familiar with the matter, and Hon Hai’s Hong Kong-listed unit FIT Hon Teng will also be involved. Fiat Chrysler declined to comment beyond the filing.Shares of Hon Hai were up as much as 2.7% in Taipei trading Friday, their biggest intraday rise since mid-November and the main driver behind the benchmark Taiex’s gain.Hon Hai, the primary listed vehicle for Terry Gou’s Foxconn Technology Group, seeks to diversify from its role as the assembler of a swath of the world’s electronics from Macbooks to Sony Playstations. The company aims to employ its expertise in precision manufacturing and supply chain management to grow the automotive business to 10% of revenue in the long run, Chairman Young Liu told Bloomberg News.“Hon Hai will be responsible for design, components and supply chain management,” he said in a text message, adding that the company will not get into car assembly.Hon Hai and Fiat Chrysler are focusing on the Chinese market because of sheer volume, the executive said. While consumers in the country buy more electric vehicles than anywhere else in the world, sales have slumped since the government pared back subsidies amid a broader market downturn in demand.Hon Hai relies on Apple for about half of sales. Past attempts to diversify its product lines haven’t been entirely successful. The company has tried to invest in a number of electric-vehicle ventures but none has borne fruit. Hon Hai, which competes globally with the likes of Flex Ltd. and Jabil Inc., may now be counting on transferring years of consumer electronics production experience to an automotive arena that’s increasingly going high-tech.“As autos get more and more electrified and more and more digital components replace mechanical ones -- especially with EVs but also just traditional vehicles -- there’s scope for a real opportunity here,” said Matthew Kanterman, an analyst with Bloomberg Intelligence. “Vertical expertise is key in auto, and so a deal like FCA -- if it proves successful -- can help unlock doors for Hon Hai as that would be a strong reference account.”While Hon Hai has limited automotive experience, it does bring enormous supply-chain understanding to the table, said Michael Dunne, chief executive officer of consultant ZoZo Go. Tesla Inc. CEO Elon Musk told shareholders in 2014 that Foxconn was supplying some components to the electric-vehicle pioneer.From Fiat Chrysler’s perspective, the automaker has struggled to crack the Chinese market for years, and tightening fuel-economy standards and electric-vehicle mandates make the task even more challenging. Its market share in the world’s largest car market was less than 1% in 2018, well behind Ford Motor Co.’s 2.3% and General Motors Co.’s 13.8%.Chief Executive Officer Mike Manley is trying to reboot Fiat Chrysler’s money-losing Chinese operations. He restructured the automaker’s decade-old joint venture with Guangzhou Automobile Group in April, calling the shakeup an attempt to “more rapidly respond to changes in the Chinese market.”Read more: Mega Merger Wouldn’t Fix PSA-Fiat Chrysler’s China Woes(Updates with share price move and analyst comment)\--With assistance from Daniele Lepido.To contact the reporters on this story: Debby Wu in Taipei at dwu278@bloomberg.net;Gabrielle Coppola in New York at gcoppola@bloomberg.netTo contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, ;Edwin Chan at echan273@bloomberg.net, Cécile Daurat, Vlad SavovFor 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.

  • Jack Dorsey Asks Elon Musk How to Fix Twitter
    Bloomberg

    Jack Dorsey Asks Elon Musk How to Fix Twitter

    (Bloomberg) -- Elon Musk’s suggestion for how to fix Twitter? Identify the bots.Musk, the SpaceX and Tesla Inc. chief executive officer, was asked Thursday by Twitter Inc. CEO Jack Dorsey how he would fix the social network, where Musk has almost 31 million followers.“Give us some direct feedback,” said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat. “If you were running Twitter,“ Dorsey continued, “what would you do?”“I think it would be helpful to differentiate” between real and fake users, Musk replied, according to a video posted to Twitter by an employee. “Is this a real person or is this a bot net or a sort of troll army or something like that?”“Basically, how do you tell if the feedback is real or someone trying to manipulate the system, or probably real, or probably trying to manipulate the system,” Musk continued. “What do people actually want, what are people actually upset about versus manipulation of the system by various interest groups.”It’s possible at least one of the groups Musk had in mind was “TSLAQ,” a loose collective of critics, skeptics and short sellers who often tweet using the hashtag combining Tesla’s ticker symbol with the -Q that is added when listed companies go bankrupt.Musk faces relentless criticism from the group on Twitter. The billionaire is one of the site’s most popular users and one of its most controversial. He called a British caver a “pedo guy” in 2018 and was later sued for defamation. Later that same year, he tweeted that he was thinking of taking Tesla private, prompting a temporary halt on trading and a U.S. Securities and Exchange Commission lawsuit.Musk, one of many high-profile Twitter users to speak at the company event this week, also predicted that humans would send a tweet from Mars sometime in the next five to nine years, according to videos posted by employees. After Dorsey and Musk finished chatting, model and cookbook author Chrissy Teigen, another popular user, made an appearance on stage.\--With assistance from Dana Hull.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor 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) Stock Sinks As Market Gains: What You Should Know
    Zacks

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

    In the latest trading session, Tesla (TSLA) closed at $513.49, marking a -0.97% move from the previous day.

  • Why you probably don't own Tesla stock in your retirement account
    Yahoo Finance

    Why you probably don't own Tesla stock in your retirement account

    Tesla stock is on fire. But if you’re a passive index investor or limited to basic funds in your 401k, you likely have zero exposure to Tesla.

  • Auto Stock Roundup: GM's Electric Hummer Revival, F China Sales Dip & More
    Zacks

    Auto Stock Roundup: GM's Electric Hummer Revival, F China Sales Dip & More

    While General Motors (GM) plans to revive Hummer brand as an electric pickup, Ford's (F) China sales dip for the third straight year in 2019.

  • Tesla says it plans to open China design and research center
    Reuters

    Tesla says it plans to open China design and research center

    U.S. electric car maker Tesla plans to open a design and research center in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account. "In order to achieve a shift of 'Made in China' to 'Designed in China', Tesla's CEO Elon Musk has proposed a very cool thing - set up a design and research center in China," it read.

  • Sell Tesla Shares, Morgan Stanley Says After Stock Price Doubles
    Bloomberg

    Sell Tesla Shares, Morgan Stanley Says After Stock Price Doubles

    (Bloomberg) -- For the first time in more than seven years, Morgan Stanley is recommending selling Tesla Inc. shares.Optimism around the electric-car maker’s core business growth in China is now priced into the stock, analysts led by Adam Jonas wrote in a note. They also slashed their valuation of the firm’s mobility unit, citing a legal and regulatory environment that’s unsupportive of a robo-taxi network roll-out.Tesla’s stock price has more than doubled since the beginning of October, helped by a surprise third-quarter profit, strong deliveries and quick construction of a factory in China. Morgan Stanley’s downgrade comes at a time when the rally has left analysts’ consensus price target in the dust.“Near-term momentum and sentiment around the stock is admittedly very strong, but we ultimately question the sustainability of the momentum,” Morgan Stanley said. While the analysts raised their price target to $360 from $250, that still implies about a 30% downside from Wednesday’s close.Tesla fell 2.3% in pre-market trading Thursday, setting the stock up for a second straight day of losses. Shares have gained 24% this year through Wednesday.Morgan Stanley last had an underweight rating on Tesla in September 2012, according to data compiled by Bloomberg. The stock has risen about 1,600% since then.The bank is far from being the only Tesla bear -- there are 15 others with a sell rating on the stock among those surveyed by Bloomberg, with 10 assigning buy ratings and 10 hold. The company overtook Apple Inc. as the most-shorted U.S. stock on Wednesday.While Tesla deserves to be among the world’s most valuable auto companies, given its electric vehicle leadership, “investors will be presented with more attractive opportunities to own the stock in the future,” Morgan Stanley added.\--With assistance from Lisa Pham.To contact the reporter on this story: Joe Easton in London at jeaston7@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Namitha JagadeeshFor 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 says plans to open China design and research centre
    Reuters

    Tesla says plans to open China design and research centre

    U.S. electric car maker Tesla plans to open a design and research centre in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account. "In order to achieve a shift of 'Made in China' to 'Designed in China', Tesla's CEO Elon Musk has proposed a very cool thing - set up a design and research centre in China," it read.

  • New Tesla registrations in California nearly halve in fourth quarter: data
    Reuters

    New Tesla registrations in California nearly halve in fourth quarter: data

    The massive drop comes as tax credit for Tesla buyers ended in 2019. An existing $7,500 U.S. tax credit for electric vehicles (EVs), which allows taxpayers to deduct a part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales, which Tesla hit in July 2018.

  • Empires and Explorers: Our Destiny in the Stars
    Zacks

    Empires and Explorers: Our Destiny in the Stars

    Technology ignites commerce and both are driven by our insatiable thirst for wealth, power, knowledge, and new horizons.

  • Tesla stock could hit $6,000 per share in the next five years, analyst says
    Yahoo Finance

    Tesla stock could hit $6,000 per share in the next five years, analyst says

    The firm that once predicted Tesla shares would cross the $4,000 mark delivered a new, even more bullish price target for the electric-vehicle maker.

  • Tesla, Apple, and Shake Shack get another boost from bulls
    Yahoo Finance

    Tesla, Apple, and Shake Shack get another boost from bulls

    Bulls have been getting even more bullish on some high-flyers.

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