Tesla CFO Tesla's shares are falling after the company's chief financial officer, Deepak Ahuja, headed for the door. The company also missed analyst expectations for late 2018. This is Ahuja's second departure—he quit in 2015, then came back in 2017. Now he's retiring for good, apparently. The new CFO is erstwhile finance VP Zach Kirkhorn, who inspiringly says Tesla has "enough cash to start new programs and develop new technologies." CNBC
https://www.ibtimes.com/elon-musks-tesla-buys-maxwell-develop-supercapacitors-electric-cars-2759747 Elon Musk’s Tesla Buys Maxwell To Develop Supercapacitors For Electric Cars Good move, though wonder if it's not too late. The only thing that would make EV's viable in convenience is supercaps at the moment.
Barron's MagazineData Subscribe Sign in DISRUPTION NEXT For Tesla, 2019 May Answer Some Big Questions By David Marino-Nachison Feb. 5, 2019 12:31 p.m. ET Order Reprints Print Article Photograph by Wesley Fryer Text size Tuesday’s take on Tesla (TSLA) from Morgan Stanley was partly about precision—tweaking a price target by a few bucks—but the investment bank also admitted that big questions lie ahead for the electric car maker this year. Morgan Stanley fine-tuned its price target, lowering it to $283 from $291, while reiterating an Equal Weight rating and acknowledging that figuring out where the stock, down about 4% in 2019, might go next is no small challenge. “There is a wide range of complex events that could influence the ultimate direction of Tesla’s stock price,” Adam Jonas wrote. “While we acknowledge the significance of Tesla’s recent strong results, we do not believe investors will assume the company is fully self-sufficient without a more sustained period of execution.” Jonas trimmed his 2019 revenue estimates on Tuesday while raising profit margins slightly following the company’s recent layoffs. He expects net losses in Q1 and Q4, sandwiching profits in the middle of the year. (Wall Street is looking for a net loss in Q1 using standard accounting methods.) Tesla has recently come off its second consecutive quarter of net profit and has begun to turn some attention toward the possibility of new vehicles. Near-term investor attention, meanwhile, has generally shifted from production numbers to demand and margins as the company has looked to expand abroad and manage expenses amid increasing competition. Morgan Stanley’s note, meanwhile, is a reminder that while Tesla has repeatedly said it doesn’t plan or need to raise money—apart from local funding for its Chinese factory expansion—some observers still believe it should. Jonas predicts a $2.5 billion equity capital raise in the third quarter. The company has a convertible bond issue due later this month. Even some more bullish analysts think additional fundraising may be a good idea. Tesla recently used its stock, rather than cash, to fund a comparatively small planned acquisition. “We have enough cash to continue launching new programs and developing new technologies, and we’re able to service upcoming debt obligations with our forecasted cash flows,” new CFO Zach Kirkhorn said on the company’s latest conference call with investors. Jonas’ price target is below FactSet’s average around $325. The shares were recently up more than 2.5% to $320.94. “We believe 2019 will help answer a core question for Tesla bulls and bears alike: Can the company fund its growth ambitions without the need for external capital? Expectations appear reasonably managed, but the stock remains fully valued,” Jonas wrote. Email David Marino-Nachison at david.marino-nachison@barrons.com. Follow him at @marinonachison and follow Barron’s Next at @barronsnext. The end. But let's stay in touch Privacy Policy Cookie Policy Copyright Policy Data Policy Your Ad Choices Subscriber Agreement & Terms of Use Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. Barron's
To save you all those readings, Pekelo says price will be between 280-360 range for the next 6 months. You can sell verticals using that range and not worry about much of the news....
Tesla Servicing Tesla Model 3 owners are facing unusually long waits to get their cars serviced—an example of the basic car-industry stuff that the upstart is still getting up to speed on. CEO Elon Musk recently said the company's number one priority is to get servicing right. Wall Street Journal
Fire breaks out at Tesla factory in Fremont https://www.mercurynews.com/2019/02/16/fire-breaks-out-near-tesla-factory-in-fremont/