TSLA Sep 2021 1770.000 put

OPR - OPR Delayed price. Currency in USD
1,036.65
0.00 (0.00%)
As of 6:48PM EDT. Market open.
Stock chart is not supported by your current browser
Previous close1,036.65
OpenN/A
Bid866.95
Ask876.00
Strike1,770.00
Expiry date2021-09-17
Day's range1,036.65 - 1,036.65
Contract rangeN/A
VolumeN/A
Open interest1
  • Tesla Adds $14 Billion a Day to Its Valuation
    Bloomberg

    Tesla Adds $14 Billion a Day to Its Valuation

    (Bloomberg) -- Remember when Tesla Inc.’s market value surpassed General Motors Co.? That was just in October, though investors can’t be blamed for thinking it was a lifetime ago.The electric vehicle maker’s valuation has added the combined value of the Big Three -- GM, Ford Motor Co. and Fiat Chrysler -- in just five trading days through Monday. Tesla has grown by an average $14 billion on each of those days.Tesla shares have been on a searing rally this year, recovering spectacularly from a steep pandemic-related sell-off, helped most recently by second-quarter delivery numbers that surpassed market estimates. In the past week, the company has roughly gained the value of Fiat Chrysler Automobiles N.V. every single day.While skeptics have said the stock’s current pace may be getting detached from reality and is instead being fueled by the “power of the narrative,” many believers abound.“There is definitely a significant retail component that is driving shares higher,” Wedbush Securities analyst Daniel Ives said in an interview, referring to individual investors trading on platforms such as Robinhood.Still, a lot of big institutional investors now also want a piece of Tesla and the electric vehicle market, he said. “In a Covid-19 pandemic and a dark macro environment, the company just put up a 90,000 delivery number, especially when other automakers are seeing herculean challenges.”Tesla said July 2 it delivered 90,650 cars in the second quarter, which compared with analysts’ average estimate for about 83,000 units.The eagerness of big money to get into Tesla was also noted by Roth Capital Partners’ Craig Irwin, saying the company’s valuation was being driven by fund managers who have Tesla grouped with Netflix Inc., Amazon.com Inc., Facebook Inc. and the like, and were valuing it as a large-cap growth stock.“Those managers do not understand that this is not a winner-takes-all industry that those other names are,” Irwin said, noting that there are more than 180 electric cars that are slated to come out by 2025. “There have been some duds along the way, but you can be sure there will be some winners in those 180.”Tesla shares have gained at least 5% in four out of five sessions through Monday. While it may not be unusual for a company that has had one-day 20% gains twice in its history, the surge shows a consistency that wasn’t seen before. It’s the first time the stock has posted four out of five sessions with gains of such magnitude.The latest rally has brought Tesla’s gains this year to $170 billion, an amount that exceeds the market capitalization of all but 30 companies in the S&P 500.“Tesla’s valuation doesn’t make sense by any traditional measure,” said Ivan Feinseth of Tigress Financial Partners. However, “it is not a traditional company, so how do you put a traditional measure to it?”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 shares surge 10% as strong deliveries drive profit optimism
    Reuters

    Tesla shares surge 10% as strong deliveries drive profit optimism

    JMP Securities increased its price target to $1,500 from $1,050 after Tesla last Thursday reported higher-than-expected second-quarter vehicle deliveries, defying a trend of plummeting sales in the wider auto industry as the coronavirus pandemic slammed the global economy. "We believe that the question to be considered is not whether the stock is expensive on current valuation measures, but what the company’s growth and competitive position signal about the stock’s potential for the next several years," JMP Securities analyst Joseph Osha wrote in a client note, predicting that Tesla's annual sales could hit $100 billion by 2025. JPMorgan, which has an "underweight" rating on Tesla, raised its price target to $295 from $275, while Deutsche Bank upped its price target to $1,000 from $900.

  • Clean Energy Sector Shines Last Week: Top-Performing ETFs
    Zacks

    Clean Energy Sector Shines Last Week: Top-Performing ETFs

    We entered into the third quarter last week and clean energy stocks and ETFs stood out again.

  • 5 ETFs to Drive High on Tesla's Solid Q2 Deliveries
    Zacks

    5 ETFs to Drive High on Tesla's Solid Q2 Deliveries

    The solid deliveries data has put the spotlight on ETFs having higher allocation to this luxury carmaker.

  • Why Tesla Stock Jumped More Than 10% on Monday
    Motley Fool

    Why Tesla Stock Jumped More Than 10% on Monday

    Tesla's recently reported better-than-expected delivery total in the second quarter has one analyst revisiting his expectations for the growth stock. Tesla's robust second-quarter deliveries were notable since they occurred during a quarter in which the company's main U.S. factory was shut down for the first half of the quarter. Furthermore, with more than 193,000 vehicles delivered during the first half of the year and production of the company's new Model Y ramping up, Tesla now has a shot at achieving its pre-coronavirus 2020 outlook for more than 500,000 vehicles this year.

  • Tesla Deliveries Beat Leads Analysts to Lift Price Targets
    Bloomberg

    Tesla Deliveries Beat Leads Analysts to Lift Price Targets

    (Bloomberg) -- Shares of Tesla Inc. rose as much as 6.3% Monday after three analysts lifted the electric-car maker’s price target, including JMP Securities by 43%.The boost to $1,500 from $1,050 comes after the Palo Alto-based company delivered more Model 3 and Model Y vehicles in the second quarter than JMP expected, analyst Joseph Osha said in a note.“Our target is now based on our belief that TSLA is positioned to become a $100 billion company” by 2025, in terms of revenue, Osha said. At the end of last year, Tesla had $24.6 billion in revenue.While data for deliveries in China haven’t yet been released, the firm appears to have been more successful in the U.S. and Europe than JMP thought, Osha said. NIO Inc., Tesla’s Shanghai-based rival, has been gaining ground. The company’s U.S.-traded shares rose as much as 23% Monday.Deutsche Bank analyst Emmanuel Rosner also raised Tesla’s price target to $1,000 from $900, referencing the stronger-than-expected vehicle shipments.Even bearish analyst Ryan Brinkman at JPMorgan boosted his price target by $20 to $295 and expects a second-quarter loss that’s smaller than he previously estimated. He maintained his sell-equivalent rating, citing the company’s “lofty valuation coupled with higher investor expectations and high execution risk.”TSLA has 9 buys, 11 holds and 16 sell ratings, with an average price target of $730, according to data compiled by Bloomberg.(Adds JPMorgan raising target in sixth 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.

  • Zacks.com featured highlights include: Teekay Tankers, Tesla, NextEra Energy, Nice and West Pharmaceutical Services
    Zacks

    Zacks.com featured highlights include: Teekay Tankers, Tesla, NextEra Energy, Nice and West Pharmaceutical Services

    Zacks.com featured highlights include: Teekay Tankers, Tesla, NextEra Energy, Nice and West Pharmaceutical Services

  • Auto Stock Roundup: General Motors' $223M Contract, Ford-Disney Pact & More
    Zacks

    Auto Stock Roundup: General Motors' $223M Contract, Ford-Disney Pact & More

    While General Motors' (GM) defense arm secures contracts worth $223 million to manufacture infantry squad vehicle, Ford (F) ties up with Disney for the launch of its Bronco SUV.

  • 5 Best Stocks of Q2 With Double-Digit Growth Potential
    Zacks

    5 Best Stocks of Q2 With Double-Digit Growth Potential

    We have presented a bunch of large-cap stocks that more than doubled over the past three months along with double-digit estimated earnings growth for the fiscal year and will continue to outperform heading into the second half.

  • 5 Popular Stocks I Wouldn't Buy With Free Money
    Motley Fool

    5 Popular Stocks I Wouldn't Buy With Free Money

    Uncertainty and panic related to the coronavirus disease 2019 (COVID-19) pandemic completely pulled the rug out from beneath the stock market and ultimately sent the benchmark S&P 500 lower by 34% in a mere 33 days. The recently ended quarter featured the best returns for the broad-market indexes since 1998, with the technology-focused Nasdaq Composite galloping to new all-time highs. Right now, there are five exceptionally popular stocks that investors can't seem to get enough of lately that, frankly, I wouldn't buy with free money.

  • 2 Things to Do If the Stock Market Rises This Month
    Motley Fool

    2 Things to Do If the Stock Market Rises This Month

    The stock market plunged into a bear market at the fastest pace in history earlier this year, but since the March lows it's been an impressive rally. June was the third consecutive month of gains in the S&P 500, and the benchmark index is entering the second half of the year 39% higher than it was in late March.

  • Sky News

    Elon Musk digs at Tesla short sellers by selling short shorts for $69.420

    Elon Musk has followed through on a joke to sell short shorts through Tesla's online store, which briefly went offline when the items debuted this weekend. The items are being sold in a limited-edition run, apparently only for the purpose of criticising the electric car-makers' short sellers, at a price which references a puerile internet meme about a sexual position and cannabis consumption. Musk, who recently turned 49, has often criticised short sellers on Twitter and initially suggested that Tesla would sell "fabulous short shorts in radiant red satin with gold trim" in a series of messages mocking the practice.

  • Tesla mocks shortsellers with sale of red satin shorts
    Reuters

    Tesla mocks shortsellers with sale of red satin shorts

    Musk has often taken umbrage at short-sellers and in 2018 sent a box of shorts to hedge fund owner and Tesla short-seller David Einhorn. The "Short Shorts" on the Tesla shop website feature gold trim and “S3XY” in gold across the back, which also happens to be formed from Tesla model names.

  • Bloomberg

    Who Has Short Shorts: Elon Musk Sells Them for Real at $69.42

    (Bloomberg) -- Elon Musk made good on a promise to produce a pair of “short shorts” to mark his triumph against investors who had bet against Tesla Inc., unveiling the item Sunday among the range of branded apparel for sale on the electric-car maker’s online store.A pair of the limited edition satin shorts would cost “Only $69.420” Musk tweeted -- a likely reference to the $420 per share price at which he considered taking the company private in 2018. The Securities and Exchange Commission sued over his tweeting about that ordeal.“Run like the wind or entertain like Liberace with our red satin and gold trim design,” read a blurb describing the shorts, which come in various sizes. “Enjoy exceptional comfort from the closing bell.”Following Musk’s initial tweet, which was “liked” by Twitter users over 41,000 times, Tesla’s online store was temporarily unable to process orders for the item.Musk has repeatedly joked about “short shorts” to short sellers who took positions against Tesla, such as hedge fund manager David Einhorn.Tesla shares have surged 189% this year.Elon Musk Taunts the SEC Amid Surge in Tesla Stock PriceFor 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.

  • Oilprice.com

    Tesla’s Ambitious Plan To Ditch Cobalt

    Tesla is set to disrupt the entire electric vehicle market and supply chain with its innovative new take on batteries

  • Oilprice.com

    How Tesla Became More Valuable Than Exxon

    Tesla shares have soared to new record highs this week, with the company now more valuable than ExxonMobil – one of the largest oil companies on earth

  • Boston Beer Company, Golden Entertainment, Tesla, Zoom Video and Marriott Vacations highlighted as Zacks Bull and Bear of the Day
    Zacks

    Boston Beer Company, Golden Entertainment, Tesla, Zoom Video and Marriott Vacations highlighted as Zacks Bull and Bear of the Day

    Boston Beer Company, Golden Entertainment, Tesla, Zoom Video and Marriott Vacations highlighted as Zacks Bull and Bear of the Day

  • 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.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more