TSLA Jan 2022 15.000 put

OPR - OPR Delayed price. Currency in USD
0.5300
0.0000 (0.00%)
As of 3:55PM EDT. Market open.
Stock chart is not supported by your current browser
Previous close0.5300
Open0.0800
Bid0.0000
Ask0.0000
Strike15.00
Expiry date2022-01-21
Day's range0.4300 - 0.6500
Contract rangeN/A
Volume148
Open interestN/A
  • Tesla lowers the starting price of its Model Y electric SUV
    TechCrunch

    Tesla lowers the starting price of its Model Y electric SUV

    Tesla has lowered the price of another vehicle. This time it's the Model Y, an electric SUV the company started shipping in March. The traditional big three U.S. automakers, Ford, GM and Fiat Chrysler Automobiles, are offering 0% financing rates, in addition to deferred or longer-term payment options, while other automakers have also announced incentives and payment plans to appeal to new buyers and keep existing owners from defaulting on loans.

  • The Battery Billionaire Who’s Key to Tesla’s Future in China
    Bloomberg

    The Battery Billionaire Who’s Key to Tesla’s Future in China

    (Bloomberg) -- Tesla Inc. needs to succeed in China if it wants to dominate the world of electric cars—especially in a post-virus world. To do that, Elon Musk is turning to a battery engineer who once helped Apple Inc. extend the life of its MacBook laptops.Zeng Yuqun, 52, built Contemporary Amperex Technology Co. Ltd. into China’s battery champion in less than a decade, creating the largest global producer of rechargeable cells for the plug-in vehicles considered to be the future of cars. That effort has helped propel Zeng from a modest hillside village and $30-a-month job with a state-run company to an estimated $17 billion fortune.CATL’s products are in the vehicles of almost every major global auto brand, and starting this month they’ll also power electric cars manufactured by Tesla at its new factory on the outskirts of Shanghai. It’s an alliance with lucrative potential, combining the sector’s most-popular plug-in model—the Tesla Model 3—with low-cost batteries in a market that last year bought more than three electric vehicles for every one sold in the U.S., but faces an uncertain future as the pandemic rocks the global economy.There’s already a developing partnership between the two executives, according to Zeng. The pair trade text messages to discuss prospective innovations in technology, their responses to the challenges wrought by the coronavirus and the Tesla chief’s primary obsession: cheaper batteries and vehicles.“Elon talks about cost all day long, and I told him to be assured that I would have solutions,” Zeng said in an interview at CATL’s headquarters in Ningde, where his 20th-floor office overlooks a fishing hub on China’s southeastern coast now transformed by clusters of battery plants and laboratories. “We get along well. He’s a fun guy.”CATL’s batteries can offer the Palo Alto, California-based company key advantages in China, particularly the potential to boost margins and lower sticker prices in a market on track to have 59 million EVs on the road by 2030, even after the impact of the virus. Most importantly, Zeng is expected to supply Tesla with lithium-iron-phosphate (LFP) batteries that use a cheaper mix of raw materials and cost about 20% less to make than other common types of packs, according to BloombergNEF.Tesla and CATL—the latter confirmed in a February filing it would become a supplier to the carmaker—declined to disclose precise details, including the types of packs involved.Working with a domestic supplier like CATL could further burnish Tesla's relations with China's authorities, which have been key to its local success. What’s more, Zeng serves on the Chinese People’s Political Consultative Conference, the advisory body to top leadership. There, he’s put forward proposals to further focus on renewable energy.For CATL, the alliance comes at a crucial time. Battery sales fell almost a third in the first five months of 2020, according to SNE Research, as car purchases plunged in China amid the pandemic, trade war and a scaling back of government subsidies. Electric-car sales have declined about 38 percent from a year ago, the China Association of Automobile Manufacturers said July 10, and that risks exposing the country’s multi-billion-dollar EV push as a bubble.The battery producer’s domestic market share also ebbed as Tesla rolled out its first China-made Model 3s with batteries from LG Chem Ltd. and Panasonic Corp. Starting next year, CATL should supply components for about half the Shanghai plant’s output, according to Sanford C. Bernstein.Aligning with Tesla will boost domestic sales, though CATL also needs to secure additional clients to improve its prospects outside China, where LG Chem and Samsung SDI Co., among others, are positioning themselves at a rapid pace.“CATL's success is largely because of the strong demand in China,” BNEF analyst Daixin Li said. “In the future, as EV markets outside China are growing quickly, maintaining and even increasing market share in the global market will rely on how successfully it can secure demand outside China.”Read More: A Million-Mile Battery From China Could Power Your Electric CarThe battery supplier has an eye on extending links with Tesla overseas, including to the automaker’s first European factory under construction outside Berlin. CATL, which also supplies Volkswagen AG and BMW AG, is building its own facility in central Germany and encouraging China-based suppliers to set up outposts there.“We won't exclude the possibility to supply its Berlin Gigafactory,” Zeng said in the interview.Tesla didn’t respond to requests for comment.Zeng has delivered in the past for blue-chip partners. His team helped BMW’s China joint venture develop its early battery-powered models, and CATL now has an 11-year supply contract with the German parent. At CATL’s forerunner company, Zeng helped Apple deliver long-life batteries for the MacBook Air.The supplier now sees an advantage in accelerating research on lower battery costs to help electric-powered cars achieve price parity with, and subsequently supplant, gas guzzlers.“You have to be more innovative, more cost-efficient, with better performance,” Zeng said. “That's the only way to beat them.”CATL is poised to commercialize new types of batteries made without cobalt, among the most-expensive raw materials. Beyond that, it wants to eliminate other costly metals, such as nickel and manganese.According to Zeng, the supplier also is capable of producing a long-life battery that lasts 16 years and 2 million kilometers (1.24 million miles), and is intended for use in multiple vehicles and in energy storage. That’s a milestone others, including Tesla and General Motors Co., are chasing.More research facilities are under construction in Ningde, where entire city blocks are filled with laboratories and apartment towers for CATL staff, including the “Cloud-Capped Pavilion” neighborhood where Zeng and his wife have a top-floor home. A 3.3 billion-yuan ($470 million) research-and-development complex is intended to be a global flagship.“Incremental improvements can build a well-performing company, but not a great one,” said Zeng. A sand model of the planned center sits on the floor by his office door. “We invest in geniuses.” Zeng himself earned a doctorate in condensed matter physics from the Chinese Academy of Sciences in Beijing.Spending by CATL on R&D jumped about 50% last year, to almost 3 billion yuan, and the firm has almost 5,400 staff focused on the tasks. They include 143 workers with Ph.D.s—who receive such perks as their own canteen and can take advantage of a company-run dating service that took credit for 52 marriages last year.Even before the new research hub, CATL’s efforts put it among the top tier of the industry, said Hu Feng, a partner at Shenzhen-based Gao Gong Lithium Battery Research Center who has tracked Zeng’s work for almost a decade.The sophisticated labs and new factories coming in China and Germany are a marked contrast to the makeshift production lines of Zeng’s early career. Staff members coated batteries with a paint brush in one hand and a hairdryer in the other, and Zeng once used paper clips as a temporary fix to stop vibrating equipment from damaging cells.Now, staff don medical-style protective clothing to limit the spread of dust before passing through a high-pressure air shower. In a nearby lab, batteries are shaken, crushed, immersed in water for 48 hours and placed into boxes heated to 130 degrees Celsius (266 degrees Fahrenheit).“What we do is try to bring innovations to the structure and chemical system, which will enable Tesla cars to drive a longer range at a better cost,” said Zeng, leaning against an armchair in a fifth-floor meeting space decorated with a Chinese painting on the wall and a tea set on a table. “That’s probably why Tesla likes us.”By using CATL’s cheaper and smaller batteries for the Model 3, Tesla’s costs per car could fall between $600 and $1,200, according to Bernstein. LFP packs traditionally haven’t been as powerful as more expensive alternatives, yet the technology is catching up.“It could be pretty explosive if they get that in the international market because no one else is using LFP outside China in pure EVs,” said Mark Newman, a Hong Kong-based senior analyst at Bernstein. “Tesla would have a pretty meaningful advantage.”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 and NIO Investors Beware: The IPO of Another EV Maker Is Coming Down the Pike
    Motley Fool

    Tesla and NIO Investors Beware: The IPO of Another EV Maker Is Coming Down the Pike

    Many investors who have hit the gas on investing in electric vehicle (EV) manufacturers recently have enjoyed massive gains. Other investors, however, have been sitting on the side of the road for the right time to pick up shares -- eating the dust of EV stocks, like Tesla (NASDAQ: TSLA), NIO (NYSE: NIO), and Nikola (NASDAQ: NKLA) that have passed them by. Founded in 2015, Li Auto is a China-based manufacturer that filed paperwork with the SEC last week to debut on the American market with a $100 million offering.

  • Tesla slashes Model Y SUV price as pandemic weighs on auto sector
    Reuters

    Tesla slashes Model Y SUV price as pandemic weighs on auto sector

    The reduction follows price cuts in May on Tesla's Model 3, Model X and Model S. The company headed by Elon Musk this month posted a smaller-than-expected fall in car deliveries in the second quarter, resilient results despite the pandemic that hit the global auto industry. The Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990, according to the carmaker's website.

  • Elon Musk Soars Past Warren Buffett on Billionaires Ranking
    Bloomberg

    Elon Musk Soars Past Warren Buffett on Billionaires Ranking

    (Bloomberg) -- Elon Musk is now richer than Warren Buffett.The fortune of Tesla Inc.’s chief executive officer rose $6.1 billion on Friday, according to the Bloomberg Billionaires Index, after the carmaker’s stock surged 11%. Musk is now the world’s seventh-richest person, also ahead of tech titans Larry Ellison and Sergey Brin.The 49-year-old owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his $70.5 billion fortune. His majority ownership of closely held SpaceX accounts for about $15 billion.Shares of the electric-car maker have risen 269% this year. The company’s booming valuation helped Musk land a $595 million payday, making him the highest-paid CEO in the U.S.Musk is the latest tech entrepreneur to rise above Buffett in the ranks of the world’s richest. Steve Ballmer, the former Microsoft Corp. CEO, and Google’s co-founders Larry Page and Brin also have leapfrogged the Oracle of Omaha. And Indian tycoon Mukesh Ambani surpassed Buffett this week.Mike Novogratz, the longtime money manager who now runs digital currency investor Galaxy Digital Holdings Ltd., warned that valuations of technology companies are getting way too high and that small investors should get out of the market before it crashes.“We are in irrational exuberance -- this is a bubble,” he said Friday in a Bloomberg Television interview. “The economy is grinding, slowing down, we’re lurching in and out of Covid, yet the tech market makes new highs every day. That’s a classic speculative bubble.”Surpassing Buffett may be especially sweet for Musk. In an interview in May, he told comedian Joe Rogan that he wasn’t “the biggest fan” of his fellow billionaire. “He’s trying to find out does Coke or Pepsi deserve more capital? I mean that’s kind of a boring job, if you ask me,” Musk said.Buffett has also criticized Musk, saying last year that although Musk was “a remarkable guy,” he had “room for improvement” in behaving like a CEO, singling out his tweeting habits.Buffett’s fortune dropped earlier this week when he donated $2.9 billion to charity. The 89-year-old has given away more than $37 billion of Berkshire Hathaway shares since 2006. The company’s stock performance has also underwhelmed recently.(Adds Musk comments on Buffett in eighth 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 stock boosts Musk's net worth up billionaire rankings
    Yahoo Finance UK

    Tesla stock boosts Musk's net worth up billionaire rankings

    Musk is the seventh richest in the world, behind the likes of Amazon tycoon Jeff Bezos, Microsoft founder Bill Gates and Facebook entrepreneur Mark Zuckerberg.

  • Billionaire Musk's net worth zooms past Warren Buffett's, Bloomberg reports
    Reuters

    Billionaire Musk's net worth zooms past Warren Buffett's, Bloomberg reports

    Musk's fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker's stock. Buffett's net worth dropped earlier this week when he donated $2.9 billion in Berkshire Hathaway stock to charity, the report added.

  • Investing.com

    Point/Counterpoint: The Case on Tesla

    By Yasin Ebrahim and Geoffrey Smith

  • Tesla to hold annual shareholder meet and 'Battery Day' on Sept. 22
    Reuters

    Tesla to hold annual shareholder meet and 'Battery Day' on Sept. 22

    The company's "Battery Day", where it is expected to reveal significant advances in battery technology will also be held on the same day, Tesla said. Chief Executive Officer Elon Musk said last month the shareholder meet would tentatively be held on Sept. 15. Tesla has been facing pressure from shareholder advisory firms, Glass Lewis and ISS, against the re-election of Chairwoman Robyn Denholm over concerns of corporate governance and her leadership.

  • Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs
    Motley Fool

    Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs

    The stock market has posted an amazing rebound from its March lows, but the real standout among major market benchmarks has been the Nasdaq Composite (NASDAQINDEX: ^IXIC). Tesla (NASDAQ: TSLA) and Zoom Video Communications (NASDAQ: ZM) have been among the top performers in the stock market lately, and today both companies saw their stocks move to new record levels. For Tesla, momentum seems to be unstoppable right now, even as short-sellers remain skeptical of the electric vehicle maker's prospects.

  • Why Shares of Tesla Jumped Friday Afternoon
    Motley Fool

    Why Shares of Tesla Jumped Friday Afternoon

    The growth stock's move follows speculation that the company may be considering building a small hatchback for the European market. Also helping is news of the possible inclusion of Tesla shares in the S&P 500 market index. When a Twitter user reached out to Tesla CEO Elon Musk on the platform Friday to note that the Model Y is too big for some cities in Europe, he asked whether the company would consider a smaller European-style hatchback.

  • Oil Returns To $40 After COVID Correction
    Oilprice.com

    Oil Returns To $40 After COVID Correction

    Oil prices fell on Thursday as COVID-19 cases continued to spike in the U.S., which the IEA highlighted as a major threat to oil markets in today’s report, but prices were quick to return to the $40 mark on Friday.

  • The Zacks Analyst Blog Highlights: Tesla, Toyota, Exxon Mobil, Nikola and Ford Motor Company
    Zacks

    The Zacks Analyst Blog Highlights: Tesla, Toyota, Exxon Mobil, Nikola and Ford Motor Company

    The Zacks Analyst Blog Highlights: Tesla, Toyota, Exxon Mobil, Nikola and Ford Motor Company

  • Are We in a Stock Market Bubble? These 3 Stocks Say Yes
    Motley Fool

    Are We in a Stock Market Bubble? These 3 Stocks Say Yes

    Is the stock market a huge bubble right now? The recovery in equities this spring took a lot of investors by surprise, but it may have been justified: Data suggested the economy could come back to life, the federal government had stepped in to provide unprecedented levels of support and boost investor confidence, and the numbers of new daily COVID-19 diagnoses were steadily declining. Among the bubbliest are Nikola (NASDAQ: NKLA), Genius Brands (NASDAQ: GNUS), and XpresSpa (NASDAQ: XSPA).

  • Is Tesla Stock a Buy Ahead of Earnings?
    Motley Fool

    Is Tesla Stock a Buy Ahead of Earnings?

    Shares are up about 500% over the past year. Is the electric-car maker's stock a buy, sell, or hold ahead of earnings?

  • 3 Things NIO Stock Bulls Need to Happen Soon
    Motley Fool

    3 Things NIO Stock Bulls Need to Happen Soon

    NIO's stock has risen fivefold just since early April, and shareholders have higher hopes than ever that the electric-vehicle company can do in China what Tesla (NASDAQ: TSLA) has done in the U.S. market. The event that spurred the latest move higher in NIO shares was its release of second-quarter vehicle delivery volume figures.

  • Tesla Short Interest Set to Hit $20 Billion
    Bloomberg

    Tesla Short Interest Set to Hit $20 Billion

    Jul.10 -- Tesla Inc. is set to become the first company to hit a short interest level of $20 billion. Research firm S3 Partners said shares in the electric carmaker look like a candidate for a short squeeze which could push the share price even higher. Tesla’s huge gains this year are already forcing short-sellers out who have tried to limit their losses. Bloomberg’s Annmarie Hordern reports on “Bloomberg Markets: European Open.”

  • Tesla appears poised to electrify S&P 500
    Reuters

    Tesla appears poised to electrify S&P 500

    Tesla Inc <TSLA.O> appears on the verge of joining the S&P 500, a major accomplishment for Chief Executive Officer Elon Musk that would unleash a flood of new demand for the electric car maker's shares, which have already surged 500% over the past year. With a market capitalization of about $250 billion, Tesla would be among the most valuable companies ever added to the S&P 500, larger than 95% of the index's existing components. While analysts and investors have recently become more confident of Tesla's addition, a S&P Dow Jones Indices spokeswoman declined to comment about specific changes to the index.

  • Bloomberg

    Tesla Shorts to Amass First-Ever $20 Billion Bet Against a Stock

    (Bloomberg) -- Tesla Inc.’s skeptics are undeterred by Elon Musk poking fun at them over the carmaker’s stock surge, with the amount of shares being sold short heading for a milestone.The Model 3 maker’s stock is poised to be the first to hit a short-interest level of $20 billion, according to research firm S3 Partners. The value of shares that have been sold short has climbed recently to $19.95 billion.Read more: Musk Sells Satin Short Shorts for $69.42S3 said in a report Thursday that both Tesla and Nikola Corp. shares look like candidates for a short squeeze, referring to when short sellers are forced by a stock’s gain to close their position, which in turn drives the price even higher.Tesla’s squeeze is more obvious -- its 233% gain this year likely is forcing out short sellers who’ve hit their limit for losses. The potential for a squeeze in Nikola, which is developing fuel-cell and battery-electric semi trucks, has more to do with high borrowing fees, S3 said.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.

  • Will Tesla Be The Death Of Oil?
    Zacks

    Will Tesla Be The Death Of Oil?

    Will Tesla Be The Death Of Oil?

  • Bold Forecast Secured: Elon Musk Confident Tesla Will Achieve Level 5 Autonomous Driving in 2020
    Motley Fool

    Bold Forecast Secured: Elon Musk Confident Tesla Will Achieve Level 5 Autonomous Driving in 2020

    Investors familiar with Tesla (NASDAQ: TSLA) are well aware that advanced autonomous-driving capabilities and an outspoken CEO are two characteristics of the electric vehicle manufacturer that distinguish it from a majority of other car companies. In his statement, Musk said that Tesla is "very close to Level 5 autonomy," and suggested that it wouldn't be long before the company achieved it, stating, "I remain confident that we will have the basic functionality for Level 5 autonomy complete this year." According to the Society of Automotive Engineers, Level 5 autonomous driving means that the vehicle is capable of performing all driving tasks amid any conditions without the need for human intervention.

  • Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles
    Bloomberg

    Musk Says Tesla Is ‘Very Close’ to Developing Fully Autonomous Vehicles

    (Bloomberg) -- Tesla Inc.’s Elon Musk said the carmaker is on the verge of developing technology to render its vehicles fully capable of driving themselves, repeating a claim he’s made for years but been unable to achieve.The chief executive officer has long offered exuberant takes on the capabilities of Tesla cars, even going so far as to start charging customers thousands of dollars for a “Full Self Driving” feature in 2016. Years later, Tesla still requires users of its Autopilot system to be fully attentive and ready to take over the task of driving at any time.Tesla’s mixed messages have drawn controversy and regulatory scrutiny. In 2018, the company blamed a driver who died after crashing a Model X while using Autopilot for not paying attention to the road. Documents made public last year showed the National Highway Traffic Safety Administration had issued multiple subpoenas for information about crashes involving Tesla vehicles, suggesting the agency may have been preparing a formal investigation of Autopilot.Read more: Businessweek’s October 2019 cover story on Tesla AutopilotWhile other self-driving developers have tempered expectations for when their technology will be ready for deployment, Musk is undeterred. He said in a prerecorded video played Thursday during the World AI Conference in Shanghai that Tesla is “very close” to level five autonomy, meaning its cars won’t require human intervention.“I remain confident that we will have the basic functionality for level five autonomy complete this year,” Musk said. “I think there are no fundamental challenges remaining for level five autonomy. There are many small problems, and then there’s the challenge of solving all those small problems and then putting the whole system together, and just keep addressing the long tail of problems.”Shares of Tesla rose as much as 3.1% to $1,408.56 in early New York trading on Thursday.Musk’s view contrasts with Alphabet Inc.’s Waymo, which recently acknowledged it will be relying on human safety drivers to back up its robotaxis for many years to come. General Motors Co.’s Cruise last year backed off plans to make autonomous vehicles available for hailing rides and hasn’t set a new timetable for when such a service will be ready.Related: The State of the Self-Driving Car Race 2020Musk, 49, has repeatedly described autonomous driving as transformative for Tesla. He’s not alone in this sense: Cruise CEO Dan Ammann has estimated there will be a $1 trillion addressable market in the U.S. for autonomous ride hailing.During Thursday’s video, Musk said that original engineering on Tesla technology is an important facet of the company’s operations in China, which are anchored by its massive new factory near Shanghai.(Updates with shares 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.

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