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NAS:TSLA, Jul 16, 09:46 UTC

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What Should Investors Do With Tesla (TSLA) Stock?

TSLA

Shares of Tesla TSLA plummeted Monday after chief executive Elon Musk once again found himself in hot water after he posted a rude comment about a British cave explorer regarding the Thailand cave rescue mission. Although the CEO’s statements were crass, they don’t really impact Tesla’s core business. So let’s assess TSLA stock at what could be a buying point. Investors clearly don’t love Musk’s use of Twitter when it backfires on him, but there is no doubt that much of Tesla rise is due to the CEO’s vision of the future. But that real questions are: what’s going on with Tesla now and what should investors expect from the company’s second-quarter financial results? Tesla noted that this was the first time production of its mass-market Model 3 topped combined Model S and X rates, helping it make Q2 “the most productive quarter in Tesla history by far,” according to a company statement. This alone might be good enough for some investors to consider buying Tesla stock. Yet, it is worth pointing out that Tesla’s earnings estimate revision activity has trended in the wrong direction recently, which helped Tesla earn a Zacks Rank #3 (Hold). Therefore, it might still be time for investors to monitor TSLA, especially as Musk continues to grab headlines for the wrong reasons.

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Tesla shares, at lowest in six weeks, fall further in late trading

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MARKET PULSE Shares of Tesla Inc. (tsla) fell 1% in late trading Monday, following their lowest close since July 6 and, off 2.8%, their largest percent decrease since July 3, when they fell 7.23%. Tesla was the worst performing stock on the Nasdaq 100 (ndx) on Monday.

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Why Shares of Tesla Rose 10% in the First Half of 2018

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John Bromels, The Motley FoolMotley FoolJuly 16, 2018, 7:49 PM GMT. What happened. Tesla (NASDAQ: TSLA) stock rose 10.1% in the first six months of 2018, according to data provided by S&P Global Market Intelligence, but it was rough going for investors, as shares swung wildly from below $250 to more than $350. Honestly, sometimes it really does seem like Musk has earned the moniker "Teflon Elon," because no bad news seems to stick to Tesla's stock to hold it down for long. Even in early May, when Musk astonished the investing community by derailing his own earnings call Q&A, shares briefly dipped, but recovered almost immediately. Likewise, the biggest drop of the year so far occurred not after Tesla announced a record loss in Q1, but when news broke of a Model X crash in California that may have been caused by the car's Autopilot system. Even then, though, the stock recovered in less than two weeks. What had investors most concerned, though, was the prospect that Tesla wouldn't be able to meet its self-imposed deadline of producing 5,000 Model 3 units per week by the end of the second quarter. But on June 5, with the end of the quarter only a few weeks away, Musk doubled down on the ambitious goal at the company's annual shareholder meeting, further predicting that the company would achieve the white whale of profitability in Q3 and Q4 of this year.

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Tesla shares fall 3.5 percent after CEO Musk abuses British diver

TSLA TWTR

Tesla shares fall 3.5 percent after CEO Musk abuses British diver. A number of analysts and investors, requesting anonymity, told Reuters that Musk's comments are adding to their concerns that his public statements are distracting him from Tesla's main business of producing electric cars. The billionaire entrepreneur's spat with British diver Vernon Unsworth started last week, after rescue teams rejected Musk's offer of a mini-submarine created by his rocket company SpaceX to help rescue a 12-member soccer team and their coach trapped inside a flooded cave in the northern province of Chiang Rai. Musk shot back on Sunday on Twitter: "We will make one (video) of the mini-sub/pod going all the way to Cave 5 no problemo. Sorry pedo guy, you really did ask for it."

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Tesla Model 3 Critic Flips View, Sees Sedan Being Profitable

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The rollout of Tesla Inc.’s Model 3 electric sedan over the last year was plagued by delays and doubts over whether it could ever be profitable. Munro & Associates, a small Detroit-area firm that disassembles new cars and analyzes them down to the nuts and bots, came out in April with damning findings that the Model 3 was poorly built and—even worse for Tesla’s long-term outlook—costly to build. On that second point, at least, founder Sandy Munro has reversed course.

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Tesla shares at worst in six weeks, at bottom of Nasdaq 100

TSLA NDAQ

MARKET PULSE Tesla Inc. (tsla) shares fell nearly 4% on Monday, putting them on track for their lowest close since June 5. The stock was the worst performer on the Nasdaq 100 (ndx) and it is down three out of past four days.

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Tesla: First Trial of Virtual Power Plant Succeeds

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Tesla Inc.’s ( TSLA) Virtual Power Plant (VPP) initiative has got a strong start with its successful first trial, according to RenewEconomy, an Australia’s leading portal covering clean energy and climate policy. Tesla’s VPP is an ambitious project set up in the state of South Australia, which will be comprised of 50,000 residential homes fitted with solar panels and Powerwall 2 home batteries.

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Today's Research Reports on Trending Tickers: General Motors and Tesla

TSLA QCOM +3 more TSLA QCOM NDAQ GM INTC

NEW YORK, NY / ACCESSWIRE / July 16, 2018 / U.S. equities closed up on Friday and posted its 2nd consecutive weekly gain, as investors continue to focus on a strong start to the earnings season. While the Dow reclaimed its above 25,000 levels after almost a month Nasdaq is at a record high. The Nasdaq Composite Index climbed 0.03 percent to close at 7,825.98. For the week, the Dow Jones hiked 2.3 percent, while the S&P 500 jumped 1.5 percent, and the Nasdaq finished 1.8 percent higher. According to Anthony Saglimbene, global market strategist at Ameriprise Financial, "We're pretty positive on the overall market; the 20% profit growth we're expecting this quarter should be a fundamental anchor for stocks. But while financials have a good outlook, the results we saw today were mixed and the sector's growth will probably underperform the S&P 500 this quarter." On Friday, shares of RH recorded a trading volume of 1,930,337 shares, which was above the three months average volume of 1,090,465 shares.

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Tesla: Punch a minute late for some days and Tesla may fire you, Auto News, ET Auto

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SAN FRANCISCO: With Elon Musk-headed Tesla focusing on ramping up production of its Model 3electric sedans, the company has rolled out a new attendance policy under which all hourly employees face termination if they show up at work even one minute late without permission for certain number of times, the media reported. The new policy rolled out on July 1 comes weeks after the electric vehicle maker announced plans to reduce its salaried workforce by at least nine per cent, or about 4,000 workers, CNBC reported on Friday. The policy empowers managers to give workers demerits if they get late in reporting to a scheduled shift even one minute late, or leave a minute ahead of a shift's official end, without permission. In case an employee accumulates certain number of these demerits, called "occurrences" internally, he/she will be sacked. Musk in June announced to lay off 9 per cent of Tesla workforce to show that it can be profitable after being unable to move into the black so far in the 15 years since it was founded.

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Tesla-style ‘autopilot’ lull motorists into false sense of security, says RSA

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A report from the insurer into driverless cars warns that risks from the technology are likely to rise as such semi-autonomous features become more common. “Drivers could be lulled into a false sense of security by the marketing of new driver assistance features making their way into cars. Some terms such as ‘autopilot’ are in danger of giving the false impression of a level of autonomy not yet available,” the report states. “More specific and rigorous descriptors are required to describe and categorise vehicle automation, so that the risk they pose for the driver is more accurately rated for insurance purposes.”. “The feedback that we get from our customers shows that they have a very clear understanding of what Autopilot is, how to properly use it, and what features it consists of,” a Tesla spokesman said.

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