J.P. Morgan reiterated its Overweight rating on Tesla Motors (TSLA) yesterday giving the shares a bit of a boost. They have a one year price target of $30 (about 30% upside) and a three year target in the $40 – $50 range. They believe the majority of the investment community is underestimating the potential of the company with its power-train (used by Daimler and Toyota) and non power-train technologies.
Tag Archives: tsla
Rumor That Tesla (TSLA) Has 1st Model S Prototype Finished
Venture Beat is reporting that comments made at Engadget reveal that Tesla has finished its first prototype Model S electric sedan which isn’t expected to go on sale until 2012. Apparently a Model S manufacturing employee Brian Z Jones made a comment on Engadget commenting on the first run of the prototype:
“I just got to see the 1st Alpha proto run…. And, boy, did that thing run! The production vehicle will be as … Read the rest
Tesla (TSLA) Says Cheaper Batteries Gets It To Profitability Quicker Than Nissan With LEAF
In an article over at Bloomberg a few days ago, Tesla Motors (TSLA) indicated it believes it can reach profitability much sooner with the Model S (still a year or two away from selling) than Nissan can with its LEAF electric car because of cheaper batteries. Tesla said its battery cells which are similar to those used in laptops allow the company to reach profitability after 20K Model S’s sold which is far less than … Read the rest
Shares Of Tesla Motors (TSLA) Punished As Insiders Begin Cashing Out
A few days ago I commented that TSLA was providing an excellent short setup after a big run. It didn’t take long for shares to hit my profit target as insiders began dumping shares once the lock up period expired Monday. After such a big run in a highly speculative company, I’d be selling too.
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The Street reports there are about 93 million shares of … Read the rest
Goldman Sachs Initiates Coverage Of ReneSola (SOL) With Buy, Capstone Initiates Coverage Of Tesla Motors (TSLA) With Sell
Two two green stocks are moving this morning on notable analyst calls.
Goldman Sachs initiated coverage on ReneSola (SOL) with a Buy and $11 price target which is about 30% higher from current levels. The firm likes the solid balance sheet and the valuation after a big correction. I’ve said that SOL and JASO have offered compelling entry points off their 200 day moving averages and still feel that way. Shares of SOL are up … Read the rest
Hedge Funds Increase Green Stocks Short Selling (TSLA, FSLR, SPWRA, AMSC, ZOLT)
Bloomberg reports that short selling in green stocks has been increasing and is nearly four times the short selling in the S&P. In November, 17% of shares in the 35 stocks that make up the Wilderhill New Energy Index are sold short, up from 16% last month and 15% in September. That compares with the 4.4% short ratio of the stocks that make up the S&P.
Among the most heavily shorted stocks are Zoltek (ZOLT) … Read the rest
A Look At Next Gen Toyota (TM) / Tesla (TSLA) RAV4 Electric SUV
The 2nd generation electric RAV4 SUV from Toyota (TM) powered by Tesla (TSLA) was unveiled at the LA Auto Show yesterday. Fast Company has a few pics. It’s expected to hit the market along with the all electric Prius in 2012.
Tesla (TSLA) Expects Japan To Be 2nd Largest Market
According to the WSJ, Elon Musk said today he expects Japan to be the 2nd largest market for its luxury electric cars, likely aided by its partnership with both Toyota and Panasonic. Toyota invested $50 million in Tesla and the two companies will jointly develop an all electric SUV while Panasonic recently invested $30 million. Tesla opened its first showroom in Tokyo last month and has six dealerships in Europe.
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Tesla Motors (TSLA) Beats, But Still Posting Significant Losses; Model S In 2012 On Track
Tesla Motors (TSLA) reported results after the bell today and is still posting significant losses but their are some positives to report. For one, the company did beat low expectations from analysts posting an EPS loss of .37/share vs the analyst estimate for a .43/share loss on revenues of $31.2 million vs the estimate of $28 million. Gross margins also picked up to 30%. Before we get too carried away with enthusiasm though lets keep … Read the rest
Elon Musk: Hopes To Have Model X Electric SUV Prototype By Next Year, Production 2014
Earlier today I posted about Tesla Motors (TSLA) opening up the doors on their new production facility to produce the all electric Model S sedan beginning in 2012. Greentech reports that Elon Musk also discussed the future of its electric SUV which it’s developing with Toyota. Musk said he hopes to have a prototype by the end of next year and move to production in 2014.