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Tesla Stock: Has the Elon Musk–SEC Settlement Encouraged Bears?

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Tesla Stock: Has the Elon Musk–SEC Settlement Encouraged Bears?Tesla stock continues to fallAfter opening on a bearish note on Wednesday, Tesla (TSLA) was trading with 4.8% losses for the day, near $195.25 at 1:16 PM ET. Earlier today, Tesla stock.

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Consumer Reports: Tesla automated lane changes are risky

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Consumer Reports: Tesla automated lane changes are risky. Associated Press22 May 2019, 18:53 GMT. DETROIT (AP) — A new automatic lane-change feature of Tesla's Autopilot system doesn't work well and could be a safety risk to drivers, according to tests performed by Consumer Reports. Senior Director of Auto Testing Jake Fisher said in a statement Wednesday that the system doesn't appear to react to brake lights or turn signals, and it can't anticipate what other drivers will do. Last week, the U.S. National Transportation Safety Board said that Autopilot was in use in a March crash that killed a man in Delray Beach, Florida. Neither the driver nor the system stopped for a tractor-trailer turning left across the path of the Tesla Model 3 in a crash that was similar to one in 2016 that killed a driver near Gainesville, Florida.

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Tesla drops for sixth straight session, down 20% since share offer

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SAN FRANCISCO (Reuters) - Shares of Tesla fell for a sixth straight session on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $167 million in the hole. It has tumbled 20% since the company sold a $1.84 billion convertible bond and almost $900 million of stock on May 2 to raise fresh capital and give it more time to stop losing money. He pointed to a an email Musk sent to employees last week, telling them he would increase cost-cutting, and that the $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter. Musk on Tuesday exercised options to buy 175,000 Tesla shares at $31.17 per share, increasing his indirect stake in the company to 34,102,560 shares, according to a filing.

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Why Tesla Stock Is Down Wednesday

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Daniel Sparks, The Motley FoolMotley FoolMay 22, 2019, 5:33 PM GMT. What happened. The stock fell as much as 5.7% but was down 4.5% as of 12:47 p.m. EDT. Tesla's decline follows yet another bearish take on the stock from an analyst. On Wednesday, Citi Research analyst Itay Michaeli lowered his 12-month price target for the electric-car maker's stock from $238 to $191 while maintaining a sell rating.

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Stocks making the biggest moves midday: Tesla, Lowe's, Nordstrom, Target & more

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Tesla TSLA – Shares of the electric automaker dropped 4.7% in trading as Citigroup joined Morgan Stanley in releasing a "bear case" scenario for Tesla . Lowe's LOW – Shares of retailer Lowe's cratered 11.6% following the release of the company's mixed first-quarter earnings . Lowe's reported earnings per share of $1.22, below Wall Street's expectation of $1.33, according to Refintiv, while revenue that was slightly higher than expected at $17.74 billion. Lowe's slashed its full-year forecast as cost increases hurt the company's profits, even as same-store sales increased 3.5% for the quarter. Nordstrom JWN – The retailer's stock tanked 9.7% after the company reported a big first quarter earnings miss of 23 cents a share, below the expected 43 cents a share, according to Refinitiv. Nordstrom also cut its full-year forecast, citing "executional misses" with its customers at the beginning of the year. Nordstrom expects to earn between $3.25 and $3.73 per share for fiscal 2019, down from its previous range of $3.65 to $3.90 a share.

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4 Reasons Not to Buy Tesla Stock Here

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Make Yahoo Your Homepage. Discover something new every day from News, Sports, Finance, Entertainment and more! Get. No, thanks. Electric-car giant Tesla is trading nearly 4% lower at about $197.50 Wednesday as I write this, and here are four bad signs I see for the stock. The main reason for Wednesday's sell-off appears to be Citibank's decision to cut its "bear-case" price target for Tesla to just $36 a share one day after Morgan Stanley slashed its own bear-case estimate to just $10. Citi also cut its "regular" Tesla price target to $191 from a previous $238.

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Analyst: Tesla 'Could Set Up For A Short Squeeze'

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It’s been a rough week for Tesla, Inc. (NASDAQ: TSLA) and its investors, with the stock dipping below $200 on Monday and Tuesday for the first time since 2016. Bank of America Merrill Lynch analyst John Murphy reiterated an Underperform rating on Tesla with a $225 price target. Tesla still has several major hurdles to overcome before the stock becomes appealing, including a difficult Model 3 production ramp, the company’s ongoing cash burn, falling demand growth for Model S/X and a wave of new competition, the analyst said. “In our view, this could set up for a short squeeze in the coming days/weeks/months should deliveries, profits/losses, cash flow/burn come in even slightly better than draconian expectations, or should Musk introduce another business venture and/or longer-term financial target that once again gets bulls excited about the story."

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Consumer Reports says Tesla's latest autopilot fix raises 'serious safety concerns'

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Tesla's latest version of its Navigate on Autopilot feature poses a "serious" safety risk for drivers, Consumer Reports said. Consumer Reports tested the feature on a Model 3. The electric carmaker's test of Tesla's Navigate on Autopilot feature performed worse than human drivers and even created new risks for them, the magazine said.

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After Morgan Stanley, Citi Hits Tesla with a Bearish Outlook

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After Morgan Stanley, Citi Hits Tesla with a Bearish OutlookTesla stockIn the last couple of weeks, Tesla (TSLA) has attracted a storm of negativity. On May 22 at 9:04 AM EDT, Tesla stock fell to $198.77 in the premarket session, down 3.1% from its.

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