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Tesla's S&P 500 entry could spark a $8 billion buying spree, Goldman Sachs says

Elon Musk. Xinhua via Getty Images Large-cap mutual funds are on the verge of fueling a massive rally for Tesla shares, Goldman Sachs said Thursday.The automaker is set to join the S&P 500 on December 21 as one of its 10 most valuable members.Of the 189 large-cap core funds tracked by Goldman, 157 funds managing roughly $500 billion don't yet hold Tesla stock, the bank said.If the funds aim to hold Tesla at benchmark weight when it joins the index, they will buy about $8 billion worth of sh...
Tags: US, Trends, Markets, Tesla, Treasury, TSLA, Goldman Sachs, Morgan Stanley, Goldman, S&P 500, Fed, Mutual Funds, Index Committee, CBOE, Rob Arnott, Tesla Stock


Tesla Will Be Added to SP500 Before Dec 21

S&P Global announced on Monday that Tesla will join the S&P 500 effective prior to trading on Monday, Dec. 21. Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Tesla, Innovation, TSLA, Tesla Inc NASD


'Another major step forward': Here's what 6 Wall Street analysts had to say after Tesla's earnings beat expectations

Reuters Tesla's third-quarter earnings report beat expectations on multiple key metrics including cash flow and gross margins. The electric vehicle automaker also reiterated its goal of 500,000 deliveries in 2020, a statement many analysts were anticipating before the report. Shares of Tesla soared nearly 5% at the market open on Thursday.Here's what six Wall Street analysts had to say about Tesla's third-quarter earnings report. Watch Tesla trade live here.Tesla's third-quarter earnings r...
Tags: Energy, Electric Vehicle, China, Trends, Markets, Tesla, Credit Suisse, Gm, TSLA, Goldman Sachs, Elon, Jpmorgan, Ev, Wedbush, RBC Capital Markets, Wedbush Securities


Tesla (TSLA) Q3 2020 Earnings Call Transcript

TSLA earnings call for the period ending September 30, 2020.
Tags: TSLA


US stocks climb on investor hope for stimulus ahead of Tuesday deadline

Johannes Eisele/AFP/Getty Images US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections.House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to reach a compromise.Even if a deal is reached, it's set to die in the Senate as Republicans push a $500 billion measure. A vote on the smaller proposal is set to take place on Tuesday, and Senate Democrats wil...
Tags: New York, Senate, White House, Amc, US, Trends, Markets, Tesla, House, Treasury, TSLA, Mitch McConnell, Oil Price, Goldman Sachs, Nancy Pelosi, Donald Trump


US stocks slide as investors hope for stimulus ahead of Tuesday deadline

Johannes Eisele/AFP/Getty Images US stocks dipped as investors weighed hopes for a stimulus breakthrough against rising COVID-19 cases throughout the US.House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to reach a compromise.Even if a deal is reached, it's set to die in the Senate as Republicans push a $500 billion measure. A vote on the smaller proposal is set to take place on Tuesday, and Senate Democrats will all but certa...
Tags: New York, Senate, White House, Amc, US, Trends, Markets, Tesla, House, Treasury, TSLA, Mitch McConnell, Oil Price, Goldman Sachs, Nancy Pelosi, Donald Trump


Tesla will soar another 400% after torrid rally this year, billionaire stakeholder Ron Baron says

CNBC TV Billionaire investor Ron Baron told CNBC on Wednesday that Tesla will become a $2 trillion company. Baron's asset management firm bought Tesla in 2016 when shares were roughly $40.He said he's focused on the business of Tesla and less concerned with the short-term stock movements. The electric vehicle company is up more than 442% year-to-date. Watch Tesla trade live here.Legendary investor Ron Baron told CNBC on Wednesday that Tesla will soar another 400% to reach a $2 trillion val...
Tags: Trends, Markets, Tesla, TSLA, Baron, The New York Times, Cnbc, Ron Baron, Baron Capital, Tesla Battery, Jeff James, Emily Graffeo, Tesla stock price, TSLA stock, Tesla Valuation, Stock Market View


Tesla 5-year sales agreement spurs 395% surge in Piedmont Lithium

Xinhua/Wang Ying/ Getty Images Piedmont Lithium, an Australia-based mining company, surged as much as 395% on Monday after it signed a five-year sales agreement with Tesla.Piedmont entered a binding sales agreement with Tesla to provide it with spodumene concentrate, a lithium mineral typically derived from pegmatite rock.The deal will likely help Tesla in its efforts to expand battery capacity to support future demand, as detailed in its recent Battery Day event. Visit Business Insider's ...
Tags: Australia, Finance, Trends, Investing, Markets, Tesla, Electric Vehicles, TSLA, Batteries, Trading, Stocks, Stock Market, North Carolina, EVs, Movers, Pll


Tesla sinks 10% after Battery Day falls short of hopes and endangers high-flying valuation

Tesla CEO Elon Musk. Tesla Tesla shares slid as much as 9.7% on Wednesday after the automaker's event on Tuesday missed expectations and led some to question the company's lofty stock price.CEO Elon Musk unveiled new manufacturing processes designed to slash Tesla's battery costs and allow for the production of a $25,000 electric car in the next three years.But the event lacked any news of the million-mile battery "widely expected" by Wall Street and Tesla shareholders, the Wedbush analys...
Tags: Elon Musk, Wall Street, Trends, Markets, Tesla, Bloomberg, Credit Suisse, TSLA, Morgan Stanley, Electric Cars, Wedbush, Robert W Baird, Anthony Scaramucci, SkyBridge Capital, Fremont California, Ben Kallo


'Lofty goals and grandiose projections': Here's what 6 analysts had to say about Tesla's Battery Day

  FILE PHOTO: Tesla super chargers are shown in Mojave, California Reuters Tesla held its highly anticipated Battery Day event on Tuesday, where it showed off advancements and innovations in its battery technology that it plans to incorporate into its electric vehicle fleet.A highlight of the event included Tesla's plans to manufacture its own battery cells to help expand battery capacity so it can support the production of 20 million vehicles per year in the long term.Here's what six ana...
Tags: US, Trends, Tesla, Bank Of America, Credit Suisse, TSLA, Goldman Sachs, Morgan Stanley, Musk, Rbc, Wedbush, Matthew Fox, Mojave California Reuters Tesla


Tesla sinks 7% after Battery Day falls short of hopes and endangers high-flying valuation

Tesla CEO Elon Musk. Tesla Tesla shares slid as much as 7% on Wednesday after the automaker's event on Tuesday missed expectations and led some to question the company's lofty stock price.CEO Elon Musk unveiled new manufacturing processes designed to slash Tesla's battery costs and allow for the production of a $25,000 electric car in the next three years.But the event lacked any news of the million-mile battery "widely expected" by Wall Street and Tesla shareholders, the Wedbush analyst ...
Tags: Elon Musk, Wall Street, Trends, Markets, Tesla, Bloomberg, TSLA, Morgan Stanley, Electric Cars, Wedbush, Robert W Baird, Anthony Scaramucci, SkyBridge Capital, Fremont California, Ben Kallo, Tesla Stock


Tesla sinks 8% after Battery Day falls short of hopes and endangers high-flying valuation

Tesla CEO Elon Musk. Tesla Tesla shares slid as much as 8% on Wednesday after the automaker's event on Tuesday missed expectations and led some to question the company's lofty stock price.CEO Elon Musk unveiled new manufacturing processes designed to slash Tesla's battery costs and allow for the production of a $25,000 electric car in the next three years.But the event lacked any news of the million-mile battery "widely expected" by Wall Street and Tesla shareholders, the Wedbush analyst ...
Tags: Elon Musk, Wall Street, Trends, Markets, Tesla, Bloomberg, Credit Suisse, TSLA, Morgan Stanley, Electric Cars, Wedbush, Robert W Baird, Anthony Scaramucci, SkyBridge Capital, Fremont California, Ben Kallo


Tesla sinks 5% after Battery Day falls short of hopes and endangers high-flying valuation

Tesla Tesla shares slid as much as 5% on Wednesday after the automaker's " " event missed expectations and led some to question the company's lofty stock price.CEO Elon Musk unveiled new manufacturing processes on Tuesday set to slash Tesla's battery costs and allow for the production of a $25,000 electric car in the next three years.Yet the event lacked any news of the million-mile battery "widely expected" by Wall Street and Tesla shareholders, Wedbush analyst Dan Ives said.Robert W. Bai...
Tags: Elon Musk, Trends, Markets, Tesla, Bloomberg, TSLA, Morgan Stanley, Electric Cars, Wedbush, Robert W Baird, Anthony Scaramucci, SkyBridge Capital, Fremont California, Ben Kallo, Tesla Tesla, Tesla Stock


S&P 500 snaps 4-day losing streak as investors rush back to tech giants

Spencer Platt/Getty Images US equities climbed Tuesday as a tech-led rebound ended the S&P 500's four-day losing streak.Mega-cap companies including Apple, Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favorites.Still, new measures to curb the coronavirus's spread in the UK revived fears of fresh lockdowns and another wave of infections.House testimony from Jerome Powell highlighted progress made in the US economic recovery but reiterat...
Tags: Amazon, Energy, Elon Musk, UK, Supreme Court, US, Trends, Markets, Tesla, Oil Prices, Bloomberg, House, Healthcare, TSLA, Evans, Boris Johnson


Tesla slides 6% as investors await Battery Day presentation

Elon Musk. Aly Song/Reuters Tesla slid 6% on Tuesday as investors await the company's closely watched Battery Day.The Battery Day presentation, which is scheduled to take place at 4:30 p.m. ET on Tuesday, is expected to highlight upcoming battery innovations that Tesla is working on.Goldman Sachs highlighted in a note last week six items the firm is expecting Tesla to focus on at the event.Tesla CEO Elon Musk did caution in a tweet on Monday that the company doesn't expect the innovations i...
Tags: Elon Musk, Finance, US, Trends, Markets, Tesla, TSLA, Stocks, Goldman Sachs, Stock Market, Morgan Stanley, Goldman, Traders, Movers, Musk, Ota


US stocks climb as tech rally offsets revived virus fears

Reuters / Lucas Jackson US equities climbed Tuesday as a tech-led rebound offset a resurgence of COVID-19 fears.Mega-caps including Apple, Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favorites.Still, new measures to curb the coronavirus's spread in the UK revived fears of fresh lockdowns and another wave of infections.Oil gained, with West Texas Intermediate crude rising as much as 1.6%, to $39.94 per barrel.Watch major indexes update...
Tags: Amazon, Elon Musk, UK, Supreme Court, US, Trends, Markets, House, Healthcare, Treasury, TSLA, Oil Price, Boris Johnson, Goldman Sachs, Federal Reserve, Ruth Bader Ginsburg


'We need to appeal to the Gen Z-ers': A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla

Drew Angerer/Getty Images Will Danoff, manager of the $230 billion Fidelity Contrafund, told Bloomberg that there's a "demographic issue" for mutual funds: Gen Z is not very interested in owning them. "We need to appeal to the Gen Z-ers and the younger generation as well," Danoff said.Danoff also lamented selling a large portion of the fund's Tesla stake.Visit Business Insider's homepage for more stories.Will Danoff has managed the Fidelity Contrafund for over 30 years, but he hasn't seen ...
Tags: Electric Vehicle, Elon Musk, Trends, Investing, Markets, Tesla, Bloomberg, TSLA, Fidelity, Goldman Sachs, ESG, Robinhood, Jefferies, S&P 500, Returns, Benchmark


Tesla will leap 12% from current levels as pent-up demand drives Chinese market domination, Wedbush says

Reuters Wedbush analyst Dan Ives raised his price target for Tesla shares to $475 from $380 on Thursday, citing stronger-than-expected deliveries in China.The new target implies a 12% gain from the automaker's Thursday closing price of $423.43.China is a "key market" for Tesla that could make up 40% of global sales as early as 2022, Ives said.The analyst also cited the automaker's September 22 Battery Day as a "linchpin event" for his higher valuation target.Watch Tesla trade live here.Tes...
Tags: China, US, Trends, Markets, Tesla, Shanghai, TSLA, Berkshire Hathaway, Warren Buffett, Goldman Sachs, Jefferies, Gigafactory, Tesla Gigafactory, Sachs, Wedbush, Ives


Dow sinks 406 points as tech stocks resume volatile sell-off

Bryan R Smith US stocks sank in turbulent Thursday trading as falling tech giants dragged on benchmark indexes.Tech names rebounded on Wednesday but resumed their downward spiral as investors shunned their still-lofty valuations.Traders also mulled weekly jobless-claims data that signaled lasting pain in the US labor market. Claims totaled 884,000 for the week that ended on Saturday, missing the economist estimate of 850,000.Oil fell after the American Petroleum Institute reported that ...
Tags: Amazon, Energy, Congress, Senate, Disney, US, Trends, Markets, Tesla, Bloomberg, Treasury, TSLA, Astrazeneca, Oil Price, Goldman Sachs, Pascal Soriot


Dow plummets 632 points as tech-sector carnage spoils another day

Spencer Platt/Getty Images US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets.The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2.Tech giants including Apple, Microsoft, and Facebook led the decline, while Treasurys and the dollar gained.Investors also mulled President Trump's plan to end US's reliance on Chinese exports. The statement threatens to reignite the US-China trade war after weeks...
Tags: Facebook, Elon Musk, China, Disney, US, Trends, General Motors, Markets, TSLA, Deutsche Bank, Oil Price, Stock Market, Donald Trump, Nasdaq, Goldman, Dow Jones


Tech stocks including Apple won't outperform in 2021 as economy reopens from coronavirus, Wharton professor Jeremy Siegel says

Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Jeremy Siegel, Wharton professor of finance, told CNBC on Tuesday that he doesn't think tech stocks including Apple will outperform in 2021. Siegel said that Tesla, Zoom, and Docusign "got crazy," while FAANG stocks are more solid but still won't beat the market next year. "If you're in the S&P, I wouldn't worry. But if you have all your assets in those high-fliers, I would be very careful right now," he said. Visit Business Ins...
Tags: Apple, Amazon, Facebook, Finance, Trends, Investing, Markets, Tesla, Netflix, TSLA, Nasdaq, Goldman, S&P 500, Cnbc, Docusign, Aapl


'Not just an overvalued auto company': Tesla is going to redefine the car industry and be more profitable than people think, says a portfolio manager who's returned 40% this year

FILE PHOTO: A Tesla SuperCharger station is seen in Los Angeles Reuters  Allianz Global Investor's Walter Price said Tesla will be more profitable than people think and could grow 30-50% a year for the next three years. The portfolio manager said that Tesla is "more frugal" than most car companies and is raising a ton of cash. He also said that Tesla is "redefining the auto industry" as Apple redefined the cell phone industry. Price added that Tesla's stock price is ahead of itself from a v...
Tags: Apple, Electric Vehicle, Disruption, Trends, Investing, Markets, Tesla, Car, Ferrari, Auto Industry, TSLA, Price, Cnbc, Fiat Chrysler, Market Outlook, Allianz Global Investors


Tesla falls 7%, continuing its slump a day after its largest outside shareholder trimmed its stake

Tesla CEO Elon Musk. MARK RALSTON/AFP/Getty Images Shares of Tesla slumped as much as 7% in early trading Thursday. The fall comes just a day after Baillie Gifford, Tesla's largest outside shareholder, said it had to trim its stake amid the stock's record-breaking rally.Tesla fell 6% on Wednesday following the announcement. Watch Tesla trade live on Markets Insider.Read more on Business Insider.Tesla shares continued to slump Thursday, a day after its largest outside shareholder announce...
Tags: Elon Musk, Trends, Markets, Tesla, Electric Vehicles, TSLA, Shareholders, EVs, Stock, Stock Price, Baillie Gifford, Portfolio, Automakers, Gifford, Business Insider Tesla, Portfolio Management


Tesla falls 9%, continuing its slump a day after its largest outside shareholder trimmed its stake

Tesla CEO Elon Musk. MARK RALSTON/AFP/Getty Images Shares of Tesla slumped as much as 9% in intraday trading Thursday. The fall comes just a day after Baillie Gifford, Tesla's largest outside shareholder, said it had to trim its stake amid the stock's record-breaking rally.Tesla fell 6% on Wednesday following the announcement. Watch Tesla trade live on Markets Insider.Read more on Business Insider.Tesla shares continued to slump Thursday, a day after its largest outside shareholder annou...
Tags: Elon Musk, Trends, Markets, Tesla, Electric Vehicles, TSLA, Shareholders, EVs, Stock, Stock Price, Baillie Gifford, Portfolio, Automakers, Gifford, Business Insider Tesla, Portfolio Management


Tesla is poised to surge another 16% amid signs it will use its lofty stock price to raise money, BofA says

Bank of America on Wednesday boosted its Tesla price target to $550 from $350, implying a roughly 16% upside from Monday's close. The upgrade comes after Tesla on Tuesday announced capitalizing on its recent rally.  The announcement "was evidence of our thesis that TSLA will utilize its stock to raise capital through low-cost equity offerings in order to accelerate aggressive capacity buildout plans globally and drive units/revenue substantially higher, further cementing its status as the dom...
Tags: Electric Vehicle, Elon Musk, Wall Street, Trends, Markets, Tesla, Bank Of America, Electric Vehicles, TSLA, Batteries, Capital, EVs, Bernstein, Murphy, John Murphy, BofA


Tesla's planned $5 billion share sale pushes bonds to records as the automaker's balance sheet strengthens

Mark Ralson/AFP via Getty Images Tesla's traditional bond expiring in 2025 climbed to a record 104.36 cents on the dollar on Tuesday after the company announced plans to .The sale bolsters Tesla's balance sheet and eases debt worries as it prepares to roll out new models and expand its factory footprint.The bond sat at a record-low 79 cents on the dollar in mid-March as investors feared the coronavirus pandemic would slam Tesla's efforts to thrive in China.The instruments have since ralli...
Tags: Transportation, Elon Musk, China, Cars, Trends, Markets, Tesla, Walmart, Ford, Michael Jordan, Shanghai, TSLA, Bond Market, Bonds, Electric Cars, Fiat Chrysler


S&P 500 and Nasdaq close at fresh records as investors flock to work-from-home stocks

AP Images / Richard Drew US stocks gained on Tuesday as investors mulled corporate earnings and encouraging economic data out of China.The S&P 500 and Nasdaq composite indexes continued their recent hot streaks, with both closing at record highs.Zoom Technologies leaped alongside other so-called work-from-home stocks after trouncing Wall Street's second-quarter estimates and raising its forward guidance.The Institute for Supply Management's purchasing managers' index climbed to 56 in Augus...
Tags: Apple, China, US, Trends, Markets, Tesla, Walmart, Bloomberg, Ap, House, TSLA, Oil Price, Federal Reserve, Nasdaq, Richard, Goldman


US stocks climb amid strong earnings and healthy Chinese manufacturing data

Thomson Reuters US stocks gained on Tuesday as investors mulled corporate earnings and encouraging economic data out of China.Zoom Technologies leaped alongside other so-called work-from-home stocks after trouncing Wall Street's second-quarter estimates and raising its forward guidance.A private gauge of small Chinese manufacturers gained in August to its highest level since January 2011, signaling continued strength in the country's economic recovery.Oil gained amid new weakness in the US...
Tags: China, US, Trends, Markets, Tesla, Walmart, TSLA, Oil Price, Bill Ackman, Federal Reserve, Goldman, Dow Jones, Gold Price, S&P 500, Dow Jones Industrial Average, Aapl


'We struggle to explain the run-up to the stock split': RBC raises Tesla price target but still says the company is overvalued

REUTERS/Stephen Lam RBC Capital Markets on Monday boosted its price target on shares of Tesla to $290 from $170 following the automaker's stock split.Still, the firm maintains its "underweight" rating on shares of the automaker and said that it's overvalued. "We recognize we underestimated a critical valuation point: seemingly insatiable investor demand for alternative/clean vehicles," Joseph Spak, RBC analyst, wrote in the Monday note.Watch Tesla trade live on Markets Insider.Read mor...
Tags: Google, Elon Musk, Trends, Markets, Tesla, TSLA, Earnings, Stock Market, Rally, Goldman, Underweight, Rating, Rbc, RBC Capital Markets, Apple Amazon, Tesla earnings


US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data

Thomson Reuters US stocks fluctuated on Tuesday as investors mulled corporate earnings and encouraging economic data out of China.Zoom Technologies leaped alongside other work-from-home stocks after trouncing Wall Street's second-quarter estimates and raising its forward guidance.A private gauge of small Chinese manufacturers gained in August to its highest level since January 2011, signaling continued strength in the country's economic recovery.Oil gained amid new weakness in the US dolla...
Tags: Apple, China, US, Trends, Markets, Tesla, Walmart, TSLA, Oil Price, Bill Ackman, Federal Reserve, Goldman, Dow Jones, Gold Price, S&P 500, Dow Jones Industrial Average