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NAS:TSLA, Jun 25, 06:37 UTC

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Wednesday, June 12


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Tesla Stock Still Has Plenty To Prove On The Charts

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InvestorPlaceJune 12, 2019, 10:22 AM UTC. What a tough year it’s been for Tesla (NASDAQ:TSLA). Unlike many stocks so far in 2019 or the overall markets in general, Tesla topped out in January and has been struggling ever since. While the Nasdaq is up 18.5% year to date, TSLA stock is down 35%. Through the first quarter, it was tough run for Tesla. But the charts didn’t start to really break down until April. For years, Tesla bulls have seen shares rebound higher each time they test down into range support near $250 (we’ll get to the levels in a moment). When that support gave way though, a flood of selling hit the stock. Labeled “1” above, channel support had buoyed TSLA stock as it continued to trend lower.

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Stocks - Tesla Rises Premarket; Beyond Meat Bounces; BAT Falls

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Investing.com - Stocks in focus in premarket trading on Wednesday:. • Tesla (NASDAQ:TSLA) stock rose 3.4% by 8:15 AM ET (12:15 GMT) after CEO Elon Musk told shareholders at their annual meeting that the company could have a “record quarter on every level.”. • Beyond Meat (NASDAQ:BYND) stock gained 5.2%, bouncing after a downgrade from JPMorgan (NYSE:JPM) sent it falling nearly 25% on Tuesday. • British American Tobacco (NYSE:BTI) stock fell 3.8% after it said sales of its cigarettes, which include Lucky Strike and Dunhill, would fall some 3.5% this year, something unlikely to be compensated even by strong growth in its vaping and e-cigarette products.

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Elon Musk says Tesla has 'a decent shot' at a new production record: Morning Brief

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The U.S. economy added 75,000 jobs during the month, sharply lower than consensus estimates, fueling concerns that the U.S. economy might be cooling off more meaningfully than previously estimated. Elon Musk says Tesla has 'a decent shot' at a new production record: Tesla (TSLA) CEO Elon Musk told shareholders on Tuesday that the electric car maker had a “decent shot” at setting a new production record, following a first quarter that disappointed markets and sent its stock reeling. In a wide ranging presentation, Musk touted the performance and sales of its flagship Model 3—claiming it was outselling its counterparts, citing BMW, Audi and Lexus by name. To ensure delivery of the Morning Brief to your inbox, please add newsletter@yahoofinance.com to your safe sender list.

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Musk Tells Tesla Shareholders Consumer Demand Not a Problem

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(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk dismissed concerns about demand for his company’s trademark electric vehicles, telling shareholders on Tuesday that sales this quarter could hit record levels. Tesla has said it expects to deliver 90,000 to 100,000 cars in the second quarter, but questions of demand have lingered after a disappointing first quarter with deliveries of just 63,000 vehicles. That has helped depress shares about 35% so far this year. But Musk struck an optimistic tone, saying the company’s sales have “far exceeded” its production volumes. “Musk and Tesla provided investors with more useful information than we expected heading into this event, yet this clearly remains a prove me story in the near-to-medium term,” Wedbush Securities analyst Daniel Ives said in a research note after the meeting.

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Tesla is serious about a possible record quarter, not so serious about a submarine car

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(Reuters) - Tesla Inc has "a decent shot at a record quarter on every level", Chief Executive Officer Elon Musk said at the company's annual shareholder meeting on Tuesday, soothing concerns about weak demand for the electric car maker's sedans. Tesla's stock rose 3.6% to $225 in extended trading, and Musk also said the company was on track to hit its volume production goal by the end of this year. Musk was treated as a star by investors at the annual meeting, receiving applause as he laid out plans for global expansion and going so far as to tell an inquiring investor that Tesla engineers "actually have a design for a submarine car". Tesla previously said it plans to deliver 90,000 to 100,000 vehicles to customers in the second quarter versus 63,000 vehicles in the first, and is aiming to deliver 360,000 to 400,000 vehicles in 2019. But ramping production strains finances, and Tesla is increasing output at its U.S. factory, launching production in China, overhauling its U.S. retail and service operations and developing new models.

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Tesla shares rise after Elon Musk says there is no demand problem

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Tesla Inc. Chief Executive Elon Musk took the stage at the company’s shareholder meeting Tuesday seeking to dispel concerns about demand and production that have plagued the Silicon Valley car maker for months.

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Tuesday, June 11


News

Tesla's Annual Shareholder Meeting: Demand, Trucks And More

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CNBC quoted CEO Elon Musk as saying, “profitability is always challenging if you’re a fast-growing company" and that Tesla is on target to grow its “fleet” by 60-80 percent this year. Musk said Tesla could still be cash-flow positive despite this high growth rate. Sales have far exceeded production and production has been pretty good.” He also said Tesla has a “decent shot at a record quarter” in terms of sales and production. The company hopes to unveil the Tesla pickup truck this summer and hopes to get the Tesla Semi into production by the end of next year.

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Elon Musk: Tesla does not have a demand problem

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Tesla Inc. Chief Executive Elon Musk took the stage at the company’s shareholder meeting Tuesday seeking to dispel concerns about demand and production that have plagued the Silicon Valley car maker for months.

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Tesla CEO Elon Musk predicts record output, sales in 2Q

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MOUNTAIN VIEW, Calif. — Tesla CEO Elon Musk is assuring the company's shareholders that the electric car maker is on pace to set manufacturing and sales records during its current quarter after a disappointing start this year. The forecast made Tuesday at Tesla's annual meeting provided a ray of hope amid worries about the company's long-term prospects. Tesla's current quarterly records came during the final three months of last year when it manufactured more than 85,500 vehicles and delivered 90,700. Magazine Walter Mondale still in demand and politically engaged at 91.

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