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NAS:TSLA, Dec 09, 08:40 UTC

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Friday, December 06


News

Morgan Stanley: Tesla Stock Could Hit $500

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Tesla’s share price could soar to $500 if the company sells a lot of Cybertrucks and its Chinese gigafactory performs better than expected, a Morgan Stanley analyst has said in a note. According to Adam Jonas’s “bull case” for the EV maker, Tesla could be selling as many as 100,000 Cybertrucks annually by the end of 2024, with the average price tag at $50,000, CNBC reports. Currently, plans for the gigafactory are to churn out 3,000 vehicles per week beginning in the first quarter of 2020, Electrek reported earlier this week, adding that some 200 Model 3 cars were spotted at the facility. “We are cautious on Tesla’s prospects in China, given geopolitical/CFIUS concerns, we believe that the Model Y will likely cannibalize a significant amount of demand for the Model 3, and see Berlin Giga as a first step for Tesla to ultimately be seen by investors as an auto company rather than a high growth tech firm, with valuation reflecting that at some point.”.

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Tesla Model 3s Can Earn Subsidies In China

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Tesla Inc (NASDAQ: TSLA) traded up 1.8% Friday on reports that Model 3s produced at its Shanghai plant would qualify for Chinese subsidies. China’s Ministry of Industry and Information Technology included two versions of the sedan on a list of vehicles qualified for a 25,000 yuan, or $3,550, subsidy. The subsidy cuts the cost of Tesla’s pricy Model 3 — but not by much. After falling 6% Thursday, Nio’s stock traded up marginally Friday morning despite the positive development for its top competitor. What’s Next For Tesla.

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Coupa Software (NASDAQ:COUP) PT Raised to $162.00 at Citigroup – Mitchell Messenger

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Coupa Software (NASDAQ:COUP) had its price target increased by analysts at Citigroup from $141.00 to $162.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Shares of Coupa Software stock opened at $152.99 on Wednesday. Coupa Software has a fifty-two week low of $52.02 and a fifty-two week high of $159.97.

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China-built Tesla cars recommended for subsidies - ministry

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BEIJING (Reuters) - China's industry ministry has placed Chinese-built Tesla Inc. <TSLA.O> Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a move that will help the U.S. firm's push into the world's biggest auto market. Two variants of Tesla Model 3 vehicles are listed on a recommendation list for China's generous subsidies for new energy vehicles (NEV), according to a post on the website of China's Ministry of Industry and Information Technology. The California-based electric vehicle maker, which is building cars in a $2 billion factory in Shanghai, aims to make more than 1,000 vehicles a week by the end of 2019 and deliver the China-made vehicles before the Chinese new year on Jan. 25. A Tesla representative confirmed the company's vehicles had been recommended for subsidies.

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Tesla’s Made-in-China Cars to Qualify for Subsidies There

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Tesla’s Made-in-China Cars to Qualify for Subsidies There. (Bloomberg) -- Tesla Inc.’s made-in-China sedans qualified for subsidies in the country, a potential boon for Elon Musk’s electric-car maker as it prepares to start selling locally-built models in the world’s biggest market. The company’s Model 3 sedan was included in a list of qualified models published by the Ministry of Industry and Information Technology Friday. The company has said it’s planning to start delivering made-in-China Model 3 cars before late January as it nears the start of mass production at its new Shanghai plant, its first outside the U.S. A Tesla representative in China also confirmed the company’s locally built vehicles have been approved for subsidies. While the government has been scaling back electric-vehicle handouts, certain support measures still exist as the country seeks to move toward cleaner energy and reduce reliance on imported oil.

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China-built Tesla cars recommended for subsidies - ministry

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BEIJING (Reuters) - China's industry ministry has placed Chinese-built Tesla Inc. <TSLA.O> Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a move that will help the U.S. firm's push into the world's biggest auto market. Two variants of Tesla Model 3 vehicles are listed on a recommendation list for China's generous subsidies for new energy vehicles (NEV), according to a post on the website of China's Ministry of Industry and Information Technology. The California-based electric vehicle maker, which is building cars in a $2 billion factory in Shanghai, aims to make more than 1,000 vehicles a week by the end of 2019 and deliver the China-made vehicles before the Chinese new year on Jan. 25. A Tesla representative confirmed the company's vehicles had been recommended for subsidies.

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Wednesday, December 04


News

Hedge Funds Sold Tesla Inc. (TSLA) A Bit Too Early

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Conversely, hedge funds’ top 20 large-cap stock picks generated a return of 37.4% during the same 11-month period, with the majority of these stock picks outperforming the broader market benchmark. There are currently 3 ETFs that allocated at least 11% of their assets to Tesla: ARK Autonomous Technology & Robotics ETF (ARKQ), VanEck Vectors Low Carbon Energy ETF (SMOG), and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world's most bearish hedge fund that's more convinced than ever that a crash is coming, our long-short investment strategy doesn't rely on bull or bear markets to deliver double digit returns. In terms of the portfolio weights assigned to each position Albar Capital allocated the biggest weight to Tesla Inc. (NASDAQ:TSLA), around 9.18% of its portfolio. SoMa Equity Partners is also relatively very bullish on the stock, dishing out 5.45 percent of its 13F equity portfolio to TSLA. Because Tesla Inc. (NASDAQ:TSLA) has faced a decline in interest from the aggregate hedge fund industry, we can see that there exists a select few funds that decided to sell off their full holdings by the end of the third quarter.

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Tesla's All-Electric Cybertruck To Join Mexican City's Police Force

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Tesla's All-Electric Cybertruck To Join Mexican City's Police Force. Mayor Adrián Esper Cárdenas said the Cybertrucks will be used for police patrols and other services in the central Mexican city of 176,935 people. "It's not about speed because we don't want speed. What we're looking for is power in order to pull water pipes, the garbage trailers. They'll have twice the loads of a normal truck," Cárdenas said. According to Tesla's website, the new truck will come in three versions: a single-motor Cybertruck starting at $39,000; a dual-motor model for $49,000; and a top-of-the-line three-motor variation for $69,900.

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Tesla stock price target raised at Citi, but it still implies a 34% drop

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Shares of Tesla Inc. rose 0.6% in premarket trading Wednesday, after Citigroup bumped up its price target, citing improved free cash flow generation, but remained firmly bearish on the electric car maker because of an "unattractive risk/reward." Analyst Itay Michaeli's price target was raised to $222, which is 34% below Tuesday's closing price of $336.20, from $191. He said the demand story remains mixed, there hasn't been "convincing evidence" supporting a strong demand outlook for the Model Y vehicles, Tesla's ability to sustain profitability remains a question and he's still unconvinced on the Tesla RoboTaxi AV story. "Though Tesla shares have underperformed this year, the recent rally seems overdone, in our view, leaving the risk/reward skewed negatively," Michaeli wrote in a note to clients.

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Could Tesla Stock Rise to $423?

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It's a different story with Wall Street analysts, however. For the most part, the Street doesn't seem to be convinced that the radically designed fully electric vehicle will generate meaningful sales volume. But one analyst is making a bold bet this week, predicting the Cybertruck will sell in volumes of around 200,000 units per year. The analyst said Tesla is a "must-own stock," citing the company's recent demonstration of sustained high-volume manufacturing, "impressive" operating expense control, and "frugal" capital spending. Potter's predicted sales volume for Tesla's new truck might actually be possible. While 200,000 Cybertrucks per year is enough to move the needle for Tesla, it's not a particularly aggressive forecast. Though Tesla could very well fulfill Potter's forecast, investors should tread carefully when it comes to predicting the potential of new products. Until Tesla provides more insight into demand for the vehicle and production plans, investors should avoid speculation about how the truck could help Tesla's business.

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