TSLA Sep 2021 370.000 call

OPR - OPR Delayed price. Currency in USD
140.00
0.00 (0.00%)
At close: 6:47PM EDT
Stock chart is not supported by your current browser
Previous close140.00
Open140.00
Bid661.00
Ask673.35
Strike370.00
Expiry date2021-09-17
Day's range140.00 - 140.00
Contract rangeN/A
Volume1
Open interest6
  • EV Stocks on Fire: Will Tesla Make it to the S&P 500 List?
    Zacks

    EV Stocks on Fire: Will Tesla Make it to the S&P 500 List?

    Green vehicles are indeed striking the right chord with investors, as is evident from the meteoric share price increase of many EV makers.

  • Ford Sees 33.3% Fall in Q2 Sales Volume, Partners With Disney
    Zacks

    Ford Sees 33.3% Fall in Q2 Sales Volume, Partners With Disney

    While Ford's (F) retail sales decline 14.3% in Q2, it records the best retail share of 13.3% in five years, driven by the Built for America campaign and a winning portfolio of pickups, vans and SUVs.

  • Tesla Deliveries Could Top 500,000 in 2020
    Motley Fool

    Tesla Deliveries Could Top 500,000 in 2020

    Despite production setbacks earlier this year as the electric car maker's factories temporarily closed due to the pandemic, it's back on track to meet its original goal for the year.

  • Bloomberg

    Tesla's Overexcited Fans Should Cool Down a Little

    (Bloomberg Opinion) -- Back when Tesla Inc. delivered 95,000 cars to customers during the spring quarter of 2019, the stock price was languishing at about $235 and Elon Musk’s electric car company was valued at “only” $40 billion. Fast forward a year and the shares are now priced at more than $1,200. With a market capitalization of $224 billion, Tesla has surpassed Toyota Motor Corp. as the world’s most valuable automaker.Yet in the second quarter of 2020, Tesla delivered 91,000 vehicles — about 5% fewer than the same period last year. That’s pretty underwhelming for a company whose fans view it as a fast-growing technology company in the mold of Amazon.com Inc., rather than a sluggish metal-bashing carmaker. So how is the massive recent jump in its market value justified?In fairness, it shows resilience to sell this many cars when the company’s main California plant was shut by the pandemic for much of the spring period. Doubtless, Tesla’s new Shanghai plant picked up the production slack, which suggests the expense and effort of getting that China factory up and running was worth it. The launch of Tesla’s new Model Y crossover vehicle will have helped. Ford Motor Co. and General Motors Co. both saw their U.S. deliveries decline by a third in the same quarter. Nevertheless, Tesla’s stock market acolytes pushed the shares up another 8% on Thursday, adding $16.5 billion to the market value. Such exuberance is hard to understand. Musk’s company sold 7,650 more vehicles than analysts expected during the second quarter, and the stock price jump equates to about $2 million of added shareholder value for each of those additional sales. This seems a little excessive given that a Tesla Model 3 sells for less than $40,000, and the profit margin on those cars is pretty slim.  The shareholder reaction makes even less sense when you consider that Tesla investors aren’t really meant to buying the stock because of the company’s current sales, which are less than 4% of Volkswagen AG’s. Rather, the investment case is a long-term one: that it will come to occupy a dominant position in clean transport and energy in the years ahead. That explains why the shares trade at 320 times its analyst-estimated earnings this year. Viewed through this lens, Tesla’s ability to shift a few thousand extra cars in recent weeks shouldn’t matter so much for the valuation.  Investors’ tendency to overreact to Tesla news made more sense when its survival was open to doubt. A year ago it was laying off workers, U.S. sales were slowing and its retail strategy was confused. Senior staff kept heading for the exit. The company was burning through cash and ran pretty low on financial fuel. It had just $2.2 billion of cash in March 2019, compared with more than $8 billion now.But subsequent evidence that Tesla can sell cars for more than it costs to produce them has transformed the mood — and with it Tesla’s stock price.Instead of “killing” off Tesla, the tepid electric offerings of established carmakers such as Audi and Mercedes have only underscored the quality of their rival’s battery and powertrain technology (the same can’t be said of Tesla’s build quality). Volkswagen’s software problems with its forthcoming ID.3 electric vehicle suggest catching Tesla won’t be straightforward, even with the Germans’ vast resources.Tesla’s stratospheric valuation appears to have become self-reinforcing. Should it require more money to fund its roughly $9 billion of capital expenditure over the next three years, it can raise it from shareholders without worrying about diluting them too much.Similarly, holders of more than $4 billion of convertible bonds that Tesla issued to fund its expansion should be happy to convert them into stock, rather than demand cash repayment, taking some of the pressure off the company and its balance sheet.  Still, Tesla’s valuation remains impossible to justify by any standard metrics. Analysts’ average price target is more than 40% below the current level. Even Musk has suggested that the share price, which has almost trebled since the start of 2020, is too high — although, as with his taunting of the U.S. Securities and Exchange Commission and his comments about “fascist” lockdowns, it’s usually better to tune out what Musk says and focus on his actions instead.  The skeptics might have more faith in Tesla’s new position as the leader of the automaker pack when Musk stops his provocations and his shareholders stop getting giddy over modest good news.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.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.

  • LG Chem to produce Tesla batteries in South Korea this year as demand grows - source
    Reuters

    LG Chem to produce Tesla batteries in South Korea this year as demand grows - source

    South Korea's LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with the matter said on Friday. "Tesla is asking not only LG Chem but other suppliers to increase supplies, as its cars are selling well," the person told Reuters. A second person with knowledge of the situation also said LG Chem is converting some of its production in South Korea to produce batteries for Tesla.

  • LG Chem to produce Tesla batteries in South Korea this year as demand grows: source
    Reuters

    LG Chem to produce Tesla batteries in South Korea this year as demand grows: source

    South Korea's LG Chem Ltd plans to start producing batteries for Tesla Inc vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with the matter said on Friday. "Tesla is asking not only LG Chem but other suppliers to increase supplies, as its cars are selling well," the person told Reuters. A second person with knowledge of the situation also said LG Chem is converting some of its production in South Korea to produce batteries for Tesla.

  • Bloomberg

    Nikola Founder Channels Elon Musk in Lashing Out at Naysayer Tweets

    (Bloomberg) -- Nikola Corp. founder Trevor Milton is finding he has another thing in common with rival Elon Musk: Both say their electric-vehicle companies are targets of coordinated social-media attacks.Milton lashed out at negative tweets about his startup, alleging that “hired hands” have plotted an “obviously coordinated” attack against the developer of hydrogen fuel cell-powered semi trucks. Musk repeatedly has railed against short sellers targeting Tesla Inc.“Tesla fans were the target of vicious attacks for years,” Milton said in one of a series of tweets late Thursday in the U.S. “Now those vicious attacks are directed towards us from many Tesla fans,” he said in another.In a separate post, he wrote: “We’ve been tracking the negative tweets and most are not Nikola Shareholders but those hired hands saying they are selling all their shares just to stoke fear, telling others to do the same, which turn out to be anti-nikola or paid attack accounts.”Milton’s outburst came after Nikola shares fell for a third consecutive session, dropping 13% on the Nasdaq. The Phoenix-based company asked customers to put down as much as $5,000 now to reserve the right in a few years to buy a battery-powered truck, even before seeing a prototype. The stock still is up almost 70% since Nikola’s market debut in early June via a reverse merger.The situation is reminiscent of what Tesla and Musk have faced for years, with the billionaire often getting into trouble for taking on short-sellers and posting market-moving information on Twitter without following the regulatory process. Even on Thursday, Musk provoked the U.S. Securities and Exchange Commission on Twitter over Tesla’s surging share price and taunted short sellers in a string of tweets.Milton’s big ambitions, Twitter sparring and choice of name for his company have drawn inevitable comparisons with Musk, and both companies share the goal of shaking up the truck market. Nikola sued Tesla in May 2018, claiming the maker of the Model 3 had copied patented design features of its tractor-trailers.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.

  • Battery Giant TDK Expects Virus to Boost Gadget, Auto Prospects
    Bloomberg

    Battery Giant TDK Expects Virus to Boost Gadget, Auto Prospects

    (Bloomberg) -- TDK Corp. sees a silver lining to the coronavirus pandemic in a boost to demand for its batteries and sensors in electronic gadgets and a long-term push toward greater use of tech in the auto industry.Once ubiquitous across cassette tapes and compact discs, the Japanese household name now provides batteries for one in three phones globally. Though TDK has seen revenue fall as U.S.-China trade tensions weighed on auto sales, the outbreak should quicken digitization across the home and industry and propel imminent demand for batteries in personal devices and long-term demand for sensors in connected cars, Chief Executive Officer Shigenao Ishiguro said in an interview.“Digital transformation is a huge opportunity for us and I have no doubt that the coronavirus will push the world to go that direction at a faster pace,” Ishiguro said.The CEO, who witnessed first-hand how the Thai floods of 2011 disrupted supply chains and quickened a transition from hard disk drives to solid-state storage, sees in the coronavirus outbreak a similar catalyst for change.TDK over the past decade and a half has reinvented itself as a purveyor of batteries for smartphones, but the global car market slump hurt its overall business. The company is coming off its first revenue decline since 2012, even though it remains a leader in compact power cells. TDK’s lithium-ion cells earned 600 billion yen ($5.6 billion) in the fiscal year ended March, having powered close to a quarter of all laptops, 43% of game console hardware and more than half of all tablets sold in 2019, according to Techno Systems Research. Demand for these device categories surged around the virus outbreak, according to IDC market researchers.For TDK’s battery division, “business opportunity can be found around every corner of the tech industry in a world with the coronavirus and 5G,” said Morningstar Research analyst Kazunori Ito. Growing product categories include drones, wireless earphones and smartphones with fifth-generation networking -- all of which require small-sized batteries that can provide reliable power for many hours. TDK’s Hong Kong-based subsidiary Amperex Technology Ltd. is widely recognized for having a technological lead on this front, said Ito, calling it “the absolute battery king.”Read more: Investors Are Favoring Firms That Let People Work From HomeBut TDK faces much more skepticism with the other wing of its business: sensors. The company offers magnetic sensors to aid stabilization of mobile cameras and MEMS (microelectromechanical systems) sensors used in noise-canceling headphones. Neither has managed to stand out in a fiercely competitive components market, said Ace Research Institute analyst Hideki Yasuda.Acknowledging the charge, Ishiguro said his most urgent task now is to bring that business up to speed before looking at additional M&A deals.“I moved things around to beef up our sensor business, and my top priority is to generate convincing returns from it,” he said. Ishiguro, who took the top job in 2016, oversaw the acquisition of U.S.-based MEMS specialist InvenSense Inc. the year after and is keen to prove that division’s worth.The auto industry presents another potent opportunity, as TDK’s magnetic sensors can be used at multiple spots around a car, from power-steering to windshield wipers. The Tokyo-based company’s technology is “already in a lot of car pipelines, including ones awaiting approval and ones waiting for mass production,” Ishiguro said. “In a not so distant future, our sensors will be the de facto standard in the car industry.”TDK in May forecast a 14% drop in its production for the auto market this fiscal year, as the industry battles the effects of Covid-19 and lingering trade tensions. But Ishiguro’s belief, shared by SMBC Nikko Securities analyst Hiroharu Watanabe, is that the upheaval is more likely to hasten automakers’ transition to smart electric vehicles and thus expand the market for component makers.“Tesla has adopted an upgradeable computer platform for its Model 3, which we can almost call a smartphone in terms of the semiconductor chips it equips,” Watanabe said. Daimler AG last week announced it will use Nvidia Corp.’s similar smart car technology in all its vehicles starting with 2024 models.Read more: Mercedes Will Use Nvidia Technology in All Cars From 2024For 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 denies reports of firing employees who chose to stay at home
    Reuters

    Tesla denies reports of firing employees who chose to stay at home

    The electric carmaker said in a blog post it had waived its attendance policy for several weeks after getting approval to reopen factories and offered employees "a window of time to stay home no questions asked". The Washington Post reported on Wednesday three Tesla workers were fired after opting to stay home from the Fremont, California, factory.

  • Nasdaq Soars into 4th of July Weekend at Fresh All-Time Highs
    Zacks

    Nasdaq Soars into 4th of July Weekend at Fresh All-Time Highs

    The Dow, Nasdaq and S&P were all up for the week. The Nasdaq closes the week at a new all-time high of 10,207.63.

  • Nasdaq Hits New Records as Tesla Delivers, Keeps Soaring
    Motley Fool

    Nasdaq Hits New Records as Tesla Delivers, Keeps Soaring

    The Nasdaq exchange has had some of the most exciting companies in the stock market, and they've helped to make the Nasdaq the first major market benchmark to reach new highs. There are plenty of stocks listed on the Nasdaq that have seen impressive gains lately. Shares of Tesla finished the day up around 8%, adding to big gains throughout the week.

  • Elon Musk Taunts the SEC Amid Surge in Tesla Stock Price
    Bloomberg

    Elon Musk Taunts the SEC Amid Surge in Tesla Stock Price

    (Bloomberg) -- Elon Musk provoked the U.S. Securities and Exchange Commission in the course of taking a victory lap on Twitter over Tesla Inc.’s surging share price.The chief executive officer first taunted short sellers in a string of tweets, writing that the electric-car maker would “make fabulous short shorts in radiant red satin with gold trim.” That’s an apparent reference to jokes he’s repeatedly made about sending “short shorts” to investors who bet against Tesla’s shares, such as hedge fund manager David Einhorn.Musk, 49, then wrote Thursday that he would send shorts to the SEC, referring to the agency again as the “Shortseller Enrichment Commission.” He first used that phrase in October 2018 after the regulator sued him for securities fraud.Musk then tweeted a cryptic but profane play on the agency’s initials, prompting Ross Gerber, a fund manager who regularly engages with him on Twitter, to write back: “Dangerous.” Musk responded: “But sooo satisfying.”Musk and the SEC have a combative history. The agency sued him in September 2018 over tweets he sent a month earlier claiming that he had secured funding to take Tesla private at $420 a share. As part of a settlement agreement, Musk was required to pay a $20 million fine, step down as Tesla’s chairman for three years and have some of his tweets pre-approved by a company lawyer.The SEC took Musk back to court last year after he failed to clear a tweet about Tesla’s production with his in-house counsel. The two sides eventually agreed to amend the earlier settlement to add specific topics the billionaire can’t tweet about or otherwise communicate in writing without advance approval.Hours after a federal judge signed off on the amended deal in April 2019, then-SEC Commissioner Robert Jackson publicly criticized it, saying in a statement that Musk had not been sufficiently punished for failing to adhere to restrictions on his social media use.In December 2018, Musk told “60 Minutes” that he did not respect the SEC. A spokesperson for the agency declined to comment on his latest tweets.Tesla disclosed in February that the SEC sent the company a subpoena regarding “certain financial data and contracts” including “regular financing arrangements.” One analyst speculated the regulator may have been looking into how the company managed to build an assembly plant near Shanghai last year while spending just $1.3 billion on capital expenditures.A better-than-expected quarterly deliveries report sent Tesla’s shares surging 8% to a record close of $1,208.66 on Thursday. The stock has almost tripled this year.(Updates with additional tweets in the fourth paragraph.)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.

  • Tesla Skeptic Marvels at $48 Billion Boost From One Data Point
    Bloomberg

    Tesla Skeptic Marvels at $48 Billion Boost From One Data Point

    (Bloomberg) -- Tesla Inc.’s cars may run on batteries, but its stock price is fueled by “the power of the narrative,” according to an analyst with a sell rating on the shares.In a report Thursday, Joe Spak of RBC Capital Markets marveled at how the electric-car maker has managed to add about $48 billion of market capitalization by ginning up excitement about its quarterly vehicle deliveries.On June 24, Tesla’s investor-relations team shared a collection of delivery estimates that found analysts on average were expecting the company to hand over about 70,300 vehicles to customers. The market recognized this as a low bar, triggering gains that were further supported by two bullish emails Chief Executive Officer Elon Musk sent to employees that leaked to several media outlets.By the time Tesla reported 90,650 deliveries on Thursday, its shares had surged about 27% over the course of seven trading days, outpacing the S&P 500’s roughly 3% gain. The company added more market cap in that span than General Motors Co. or Ford Motor Co.’s entire valuations.“That, is remarkable,” Spak wrote. He estimates Tesla topped consensus delivery estimates by the equivalent of about $1 billion of revenue, meaning investors are valuing the beat at about 47.5 times sales.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.

  • Tesla Beats Q2 Vehicle Deliveries; Shares Soar 8%
    FX Empire

    Tesla Beats Q2 Vehicle Deliveries; Shares Soar 8%

    Tesla Inc has exceeded analysts’ projection of vehicle deliveries in the second quarter, defying a trend of falling sales amid the ongoing coronavirus pandemic lockdown, sending the shares of the electric carmaker up over 8%.

  • Tesla Deliveries Beat Estimates On Strong Model Y, Model 3 Demand
    Motley Fool

    Tesla Deliveries Beat Estimates On Strong Model Y, Model 3 Demand

    Tesla (NASDAQ: TSLA) said that it delivered 90,650 vehicles in the second quarter of 2020, well ahead of analysts' estimates, led by strong demand for its smaller Model 3 sedan and new Model Y crossover SUV. Combined deliveries of the Model 3 and Model Y totaled 80,050 in the quarter, Tesla said. Tesla's result was well ahead of Wall Street's coronavirus-adjusted consensus forecast of 72,000 vehicles delivered in the quarter.

  • Jobs Numbers Surprise to Upside, Unemployment Rate 11.1%
    Zacks

    Jobs Numbers Surprise to Upside, Unemployment Rate 11.1%

    Strength in consumer demand -- along with a healthy dollop of Fed and congressional relief -- has borne out a quick relative recovery in the overall jobs market.

  • Why Tesla Stock Soared Higher on Thursday
    Motley Fool

    Why Tesla Stock Soared Higher on Thursday

    The stock is hitting new highs following better-than-expected second-quarter deliveries. Here's what investors should know.

  • 5 Low Leverage Stocks to Buy Amid Coronavirus-Led Debacle
    Zacks

    5 Low Leverage Stocks to Buy Amid Coronavirus-Led Debacle

    Investors should know how much debt a company owns, because the higher the degree of financial leverage, higher is the interest payment for the capital borrowed.

  • Tesla Delivery Beat Sends Shares Surging Toward Top Price Target
    Bloomberg

    Tesla Delivery Beat Sends Shares Surging Toward Top Price Target

    (Bloomberg) -- Tesla Inc. reported a sequential gain in quarterly deliveries that seemed improbable weeks ago, sending its stock surging toward Wall Street’s most bullish price target.The electric-car maker handed over 90,650 cars to customers in the three months ended in June, exceeding analysts’ average estimate for about 83,000 in a Bloomberg News survey. Tesla delivered about 88,400 vehicles in the first quarter.Tesla shares surged as much as 9.7% to $1,228 shortly after the open of regular trading, nearing the $1,250 target set Thursday by Wedbush Securities. The stock is on the verge of tripling this year.Chief Executive Officer Elon Musk overcame a roughly seven-week shutdown of Tesla’s California car plant by ramping up output at its new factory near Shanghai. Localizing production in China is helping reach more customers in the world’s largest electric vehicle market by lowering prices. The period also was the first full quarter of deliveries for the Model Y crossover, which Musk has predicted will become Tesla’s top seller.What Bloomberg Intelligence Says:Tesla’s Shanghai production has assumed the role of growth engine as the large addressable market of early adopters drives a surge in demand and makes China the company’s most important and voluminous market. Tesla pushed to keep its California factory open, and while demand is still virus-affected, the U.S. market is mature and no longer showing the growth that would move the company out of its niche.\-- Kevin Tynan, global autos analystClick here to read the researchWhile deliveries were down almost 5% from a year ago, that’s a strong showing relative to the declines other automakers sustained due to the global pandemic that decimated vehicle demand in key markets.“Tesla is winning because they have a product that is measurably better than both gas and electric competitors,” Gene Munster, a managing partner of venture capital firm Loup Ventures, wrote in a report. “It’s becoming more and more difficult to envision a scenario in which legacy automakers will find a way to meaningful expand the small share of EVs that they have today.”The next big question for Musk, 49, is whether the deliveries were enough to earn a quarterly profit. He suggested to employees earlier this week that avoiding a loss was possible.“Breaking even is looking super tight,” the CEO wrote to staff in an email seen by Bloomberg. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”Musk has sent many end-of-quarter emails to rally employees and signal to investors, but Tesla hasn’t always followed through on his optimism. The then-record 97,000 deliveries Tesla reported for the three months that ended in September fell short of the 100,000 mark he floated in an email to workers.If Musk is on the mark this time, Tesla could qualify for inclusion in the S&P 500 Index. To be eligible, the company needs to report positive quarterly earnings under generally accepted accounting principles. Beyond sales of cars, Tesla can recognize revenue related to its automated driving system, and it also sells emissions credits to other automakers.“With strong Q2 volumes, GAAP profitability is now in focus and appears achievable, which could lead to inclusion in the S&P 500,” Ben Kallo, an analyst at Robert W. Baird who rates Tesla the equivalent of a hold, wrote in a report.Analysts on average project Tesla will report a loss of about $1.80 a share on a GAAP basis for the quarter, according to data compiled by Bloomberg. But higher-than-projected vehicle deliveries would make profitability a “less radical” idea, Dan Levy, a Credit Suisse analyst, wrote in a report Monday.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.

  • Is Nikola the Next Tesla? Investors Seem to Think It's Better
    Motley Fool

    Is Nikola the Next Tesla? Investors Seem to Think It's Better

    Nikola's market capitalization is currently almost 10 times greater than Tesla's at a similar point in its life-cycle.

  • General Motors Clinches $223M Lucrative U.S. Army Contract
    Zacks

    General Motors Clinches $223M Lucrative U.S. Army Contract

    General Motors' (GM) latest contract is for the first batch of 649 such vehicles, while the overall approved requisition objective is for 2,065 vehicles over the next decade.

  • Tesla's 'jaw-dropping' second-quarter deliveries send shares surging
    Reuters

    Tesla's 'jaw-dropping' second-quarter deliveries send shares surging

    The unexpected delivery numbers come a day after Tesla became the highest-valued automaker, surpassing the market capitalization of former front-runner Toyota Motors Corp. The rally on Thursday further widens Tesla's lead over legacy automakers as investors grow confident in its ability to define the industry's electric and software-driven future. Analysts said the solid delivery numbers heightened expectations for a profitable second quarter, which would mark the first time in Tesla's history that it would report four consecutive quarters of profit.

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