TSLA Mar 2021 775.000 call
| Previous close | 248.82 |
| Open | 248.82 |
| Bid | 247.85 |
| Ask | 251.95 |
| Strike | 775.00 |
| Expiry date | 2021-03-19 |
| Day's range | 248.82 - 248.82 |
| Contract range | N/A |
| Volume | 1 |
| Open interest | 30 |
- Zacks
Zacks.com featured highlights include: Synopsys, Tesla, Chemed, Teekay Tankers and West Pharmaceutical Services
Zacks.com featured highlights include: Synopsys, Tesla, Chemed, Teekay Tankers and West Pharmaceutical Services
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Ford Restores Mustang Mach 1, Inks Battery Deal With BYD
Ford's (F) China JV with Changan Automobile plans to roll out a hybrid car model with batteries built by the Chinese battery maker BYD Co Ltd.
- Bloomberg
Big Oil Can Help Renewables by Spinning Them Off
(Bloomberg Opinion) -- Big Oil’s forays into renewable energy have drawn a lot of skepticism. Besides accusations of greenwashing, any oil CEO embracing energy transition must somehow convince investors to trust them putting cash into unfamiliar businesses that might need a lot of upfront spending before there’s much in the way of profits. It’s a race against time; a race to prove the CEO isn’t just splurging money on their version of the vision thing. One way to try getting there faster involves a lesson from a more familiar bit of the energy business: pipelines.Hard as it is to imagine now, there was a time when pipelines were hot investments. Master limited partnerships, the tax-advantaged structures that usually housed them, were in huge demand in the years after the financial crisis due to their high payouts and shale-fueled growth. MLPs traded at almost double the earnings multiple of the wider energy sector.Some of the easiest money ever made in the history of investment banking involved showing some variation of that chart to an oil producer and saying something like: “Hey, how about we double the value of those old pipelines you own by sticking them into a new thing called [Company Name] Partners LP and spinning it off? That’ll be $20 million please. I’ll get an analyst started on the lucite.”Of 188 IPOs of MLPs since 1986, almost 40% happened in that five-year period between 2010 and 2014, according to data from Alerian. Roughly two-thirds of MLP-dedicated investment funds launched then. What a time it was. As is often the way with such things, it got a bit out of hand. It turns out steering yield-starved investors toward companies with all the governance of benevolent dictatorships, minus the benevolence, can lead to sub-optimal outcomes.Even so, the original premise remains valid: taking assets that aren’t valued by one set of investors and offering them to another set that might. Nobody’s buying shares in the likes of Royal Dutch Shell Plc or BP Plc because of their solar farms or vehicle-charging ventures — or, given Covid-19’s ravaging of oil demand, buying their shares at all. If these companies are serious about maintaining transition strategies once this crisis passes, then spinning off the assets should be a high priority.For one thing, transition-flavored companies have generally weathered the pandemic better.Like those MLPs of yore, transition stocks garner higher valuations too. There are ludicrous extremes such as Tesla Inc., but more down-to-earth stocks such as Danish wind pioneers Ørsted A/S and Vestas Wind Systems A/S or Florida’s NextEra Energy Partners LP also command multiples oil majors should envy. And as for Tesla, while its four-figure earnings multiple makes no sense, what should unnerve the majors is the sheer zeal of its fans and power of its narrative despite all the red ink and red flags.An analysis just published jointly by London’s Imperial College Business School and the International Energy Agency reinforces this in two ways. Examining portfolios of U.S. and European companies linked to fossil fuels and renewable energy, the authors find the new kids generated both higher and less volatile shareholder returns over five and 10-year windows.Perhaps more important is the sheer paucity of renewable energy stocks available. The study’s U.S. fossil fuel basket, for example, has 163 constituents. The corresponding renewable power portfolio has only 18, a couple of which no longer exist and one of which is a regulated utility with an interesting backstory, PG&E Corp.This gets at a big problem: It’s hard for the average investor to gain exposure to pure energy transition themes, as the assets often reside in private-equity-like portfolios or inside bigger companies that do everything from energy to autos to construction.Even though it’s nascent relative to the incumbent energy business, the amounts invested are already large. Bloomberg NEF’s database of clean energy asset financing adds up to $3.3 trillion from 2004-19, with almost half of that in the past five years. Yet while investors can pick or choose from any number of frackers, miners or majors — and dedicated funds tracking them — participating in renewable energy or other transition themes is much harder.That’s a big problem for the transition itself. Capital costs can make or break renewable energy projects; with little running cost, virtually all the outlay is upfront. The IEA, in its latest energy investment report, released in May, noted that getting lower-cost institutional money into a wind project can be the difference between single- and double-digit returns (and, therefore, whether the project goes ahead). Similarly, without ready access to cheap capital, there would have been no shale boom (or no Tesla, for that matter). This is where oil majors seeking a relevant role in energy transitions might be useful. Rolling up a set of ventures hidden inside an oil major trading on a low multiple is a good way to destroy value. It also lends credence to accusations of greenwashing: If you’re serious, then why obscure the scale and performance of these assets by lumping them in with natural gas or making them a quarterly line item?Spinning them out into separate companies instead should provide higher valuations and, therefore, a means to raise cheaper capital for new projects, by expanding the pool of dedicated options for interested investors. Meanwhile, traditional oil investors needn’t be jealous of dollars heading into renewable energy projects. The majors could retain large stakes and even co-brand them; presumably, BP and Shell have retained names such as Lightsource and Greenlots for a reason. The only imperative is to avoid the conflicts and fetid governance that ultimately undid many MLPs.A consistent refrain of Big Oil is that its sheer bigness provides an edge. That doesn’t fit neatly with the distributed and modular nature of renewable energy and other transition-related businesses. But heft could help where it really counts: raising money.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.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.
- Zacks
Volkswagen to Pump $2.3B Into China EVs, Closes Argo AI Deal
Volkswagen (VWAGY) is set to invest $2.3 billion in two China-based EV players. Further, it revs up AV drive by closing $2.6-billion investment in Argo AI.
- Zacks
U.S. Auto Sales Recover in May: Can Carmakers Bounce Back?
The jump in May was primarily because automotive firms embraced online sales and historically generous incentives to lure people into buying new vehicles.
- Reuters
Polestar to open 20 showrooms in China to compete with Tesla
Polestar, the premium electric vehicle maker owned by China's Geely [GEELY.UL], plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's <TSLA.O> locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.
- Reuters
Geely's Polestar to open 20 showrooms in China to compete with Tesla
Polestar, the premium electric vehicle maker owned by China's Geely, plans to open 20 showrooms in the mainland, as it prepares for delivery of its Polestar 2 electric sedans to compete with Tesla Inc's locally made Model 3. Polestar, which currently has only one showroom in Beijing, plans to have 20 in 17 Chinese cities, the automaker said in a statement on Wednesday. The Gothenburg, Sweden-based company is manufacturing cars in China's eastern city of Taizhou.
- Motley Fool
Tesla Stock: Is It a Buy?
After Elon Musk's SpaceX had a successful launch over the weekend, many investors may be taking a closer look at the visionary businessman's electric-car company.
- Zacks
Buy These 5 Low Leverage Stocks to Invest Safely
Debt financing is a feasible option as long as the companies succeed in generating a higher rate of return compared to the interest rate
- Bloomberg
Russia’s Yandex Aims to Double Self-Driving Fleet With Hyundai
(Bloomberg) -- Yandex NV will test a driverless car it developed with Hyundai Motor Co. in Detroit as the Russian technology giant makes plans to approximately double its fleet of self-driving vehicles.Yandex plans to buy 100 of the cars, which are souped-up versions of Hyundai’s Sonata, the company said in a statement on Tuesday. The test-drives, which had been planned around the now-canceled Detroit Auto Show, will commence on public roads in the city once lockdown restrictions are lifted, it said.Yandex and the South Korean company announced their partnership last year, seeking to create both a prototype of a driverless car and an autonomous control system that could be marketed to rival car manufacturers and car-sharing startups. The new, fourth-generation Hyundai model has been tweaked to help the system better detect what’s around the vehicles.The new Sonata has nine sensors, up from six, and has moved the radar system from underneath the bumpers to the roof, improving the system’s ability to distinguish objects around the car. Lidars, laser-based systems for measuring distance from a target, have also been moved to improve visibility. A human driver will be present in the car, but the vehicle should operate autonomously.Yandex operates a taxi service with its autonomous vehicles in the Russian city of Innopolis, though most of its fleet is currently occupied with test runs, which will gradually teach its driving software the skills it needs to react to incidents on the road. The company’s autonomous fleet, which recently exceeded 100 cars, have run 3 million autonomous miles, in cities including Moscow and Tel-Aviv.The road to mass-market robo-taxis has been fraught, with developers burning cash to create cars that can safely operate without a driver and win regulators’ approval. And the Covid-19 pandemic and accompanying lockdowns have hit the industry hard.Read more: The State of the Self-Driving Car Race 2020Competitors including General Motors Co.’s Cruise and Uber Technologies Inc. have cut staff recently, while Ford Motor Co. shifted plans to start self-driving services by a year to 2022. Self-driving trucks startup Starsky Robotics shut down in March with its founder saying that “supervised machine learning doesn’t live up to the hype.”Still, the promise of driverless vehicles and the revolution they could bring to everything from personal transportation to logistics, means the technology is still attracting investors. Amazon.com Inc. is in talks to acquire autonomous vehicle startup Zoox Inc., the Wall Street Journal reported last week. Analysts from Morgan Stanley estimate that Amazon could save $20 billion a year with the technology, which would also allow the e-commerce giant to compete in ride-sharing and food delivery.Read more: Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its HeelsYandex, Russia’s largest internet-search engine and ride-hailing operator, has spent $35 million over the past three years to develop its self-driving cars, using technologies such as machine learning and image recognition from its other businesses.For 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.
- Reuters
Geely's Polestar plans China showroom expansion to compete with Tesla: sources
Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's <TSLA.O> locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.
- Motley Fool
Why Tesla Stock Jumped on Monday
Despite no notable Tesla-specific news over the weekend, shares of the electric-car maker are rising on Monday. Here's what investors should know.
- Yahoo Finance
How SpaceX is 'revolutionizing the space industry'
SpaceX and NASA’s historic human spaceflight proves what space investors are betting on — commercial companies that can lower the cost to access space.
- Zacks
Expansion Efforts to Aid O'Reilly (ORLY) Amid Coronavirus Scare
O'Reilly (ORLY) well poised to benefit from expanding its business through store openings and buyouts amid the coronavirus pandemic.
- Motley Fool
Stock Market News: SpaceX Success Launches Tesla, Virgin Galactic Stocks
A partnership between the National Aeronautics and Space Administration and privately held launch company SpaceX was responsible for sending two astronauts to the International Space Station. The news lifted shares of two other companies, Tesla (NASDAQ: TSLA) and Virgin Galactic Holdings (NYSE: SPCE), for related but somewhat different reasons. Tesla shares rose almost 6% Monday morning, reaching their best level since their February all-time highs.
- Yahoo Finance
Will protests and looting permanently damage the economy?
Here's how investors should be thinking through the impact of social unrest sweeping the country.
- Motley Fool
Here's Why Amyris Is Soaring Today
Shares of Amyris (NASDAQ: AMRS) soared as much as 20.9% today after an article on Seeking Alpha suggested the synthetic biology company could be the next Tesla. On the one hand, what investor wouldn't want to own the next Tesla? Shares of the electric vehicle manufacturer and energy pioneer have jumped 3,570% since the initial public offering (IPO).
Investor's Business Daily VideoTesla Breaks Out
Tesla blasted higher, clearing an 869.92 cup-with-handle buy point. The successful SpaceX launch was a trigger for Tesla, but the stock has been trading tightly for a few weeks.
- Zacks
Auto Stock Roundup: NSANY Incurs Biggest Loss in 20 Years, AZO Beats on Q3 Earnings
Nissan (NSANY) incurs fiscal 2019 loss of 671.2 billion yen, which marks the worst in two decades. Meanwhile, AutoZone (AZO) tops fiscal Q3 earnings estimates despite coronavirus woes.
- TechCrunch
The Station: Amazon eyes Zoox, Aurora goes back to school and Cabana hits the road
Take a look at the most recent survey we conducted with a bunch of venture capitalists about mobility and what areas interest them most. A photo below, courtesy of Cris Moffitt, shows a sliver of the thousands of bikes at the yard in North Carolina. Keaks (Kirsten Korosec) has been working on a big(ish) story about JUMP for the last week.
- Motley Fool
Where Will Tesla Be in 5 Years?
Since even before its IPO, top electric-car maker Tesla (NASDAQ: TSLA) has faced tough questions about its future. After that, they were skeptical about the economics of manufacturing a mass-market electric car. Throughout it all, Tesla's reputation, its footprint, and -- for the most part, anyway -- its share price grew and grew and grew (as did its debt load; more on that later).
- Yahoo Finance UK
Musk's SpaceX set to retry historic rocket launch
The mission is a milestone in Musk’s drive to make space travel less expensive, marking the first time a commercially developed spaceship will have carried Americans into orbit.
- Motley Fool
Elon Musk Has Forgotten Tesla's Market
The Tesla CEO's aggressive criticism of stay-at-home orders could alienate wealthy coastal liberals, who make up the brand's core demographic.
- Zacks
Why Is Tesla (TSLA) Up 3.1% Since Last Earnings Report?
Tesla (TSLA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Motley Fool
Elon Musk Collects Payout Valued at $775 Million from Tesla
The Tesla CEO meets milestones to earn his first tranche of performance pay, but not all shareholders approve.
